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What is Term Insurance for Housewives and Why You Should Invest in One

Term Insurance

Society has opinions that housewives provide no financial value to the family. For this reason, policymakers have made a term plan for housewives so that they can get financial security for the future. Let’s move ahead to learn more about this.

About Term Insurance for Housewife

No one has seen the future. Housewives dedicate their lives to their families. It is important to offer them financial security for unforeseen circumstances. In today’s rising lifestyle expenses, it is good to be financially secure. Therefore, you should invest in a term plan for housewives for ladies in your family. There are other reasons as well to justify your investment in term life insurance for housewives. Let’s have a look at them.

Reasons to Invest in Term Plan for Housewives

Provide Financial Security

Term insurance for housewives offers financial security to households of those females. This plan will ensure that your family won’t suffer financially in difficult times. It can help you in fulfilling your short-term as well as long-term financial needs. It provides financial security to your loved ones.

Increase Savings and Create Wealth

If you invest in a term insurance plan for housewife, you can contribute to saving money and increasing your wealth. If you want endowment plans, money-back plans, etc. you can invest in this plan. Additionally, this policy can provide comprehensive life cover as it helps you in investing money based on your requirements.


To enhance your coverage, insurers offer add-on covers or riders to policy buyers. So, if you invest in a term plan for housewives, you can opt for riders to get enough protection. Few riders that you can expect are critical illness riders, accidental death benefit riders, etc. Don’t forget to make use of all the offers that you receive. However, riders are not mandatory and are available at an additional cost.

Key Milestone Funds

The term plan for housewives also offers survival benefits during pre-defined policy years. The fund that you receive from this can be used for various life events such as child’s education, weddings, etc. Therefore, if you want such assured pay-outs to support your family financially, you should surely invest in these plans.

Retirement Funds

You can increase your retirement funds by investing in term insurance for housewife. It will act as a pension plan for your future and will support you financially in your old age. With this insurance plan, you don’t need to depend on others for your finances.

Things to Consider to Invest in Term Plan for housewives

Following things should be considered before buying term insurance for housewives :

  • Only fewer plans are available for housewives; therefore, it is essential to compare the different insurance policy products offered by various companies.
  • Check the eligibility criteria and read all the policy terms and conditions thoroughly.
  • Check for premium quotes.
  • Choose a policy that is affordable and matches your coverage needs.


As you know females, especially housewives suffer a lot. So, it is essential for them to be financially stable and independent. If you are a housewife, you should think of investing in a term insurance plan so that you can support your family in financial needs and can take care of your loved ones. It’s important for you to contribute to family finances so that no one in the family has to compromise with their dreams.


*Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

Suggested Plans

Bharti AXA Life Guaranteed Income Pro

  • A Non-Linked, Non-Participating Individual Life Insurance Savings Plan
  • 4 Income options to choose
  • Guaranteed 10% Addition of Annualised Premium (as per the terms and conditions of the policy)
  • Get all your premiums back at the end of the payout period under Long Term Income and Deferred Income variants
  • Flexibility to choose premium payment term or policy term

Bharti AXA Life Shining Stars

  • Non-linked, non-participating limited pay endowment Life Insurance plan
  • Designed to take care of the financial needs of your child.
  • Flexibility to opt between 2 Maturity Payout Options
  • Flexibility in Policy Term/Premium Payment Terms
  • A great short-term investment option for a child insurance policy.

Bharti AXA Life Super Series

  • A non-linked non-participating individual life insurance savings plan
  • Range of investment duration and returns
  • Guaranteed money back benefits (provided policy is in force and all due premiums have been paid)
  • Income tax benefits (as prevailing tax laws in India that are subject to changes)