Women have nowadays become progressively dominant performers in our country. Some females are the solitary main source of income for the family and that is why they are now looking for economic security, which the best life insurance policy for a woman can provide them. Here in this article below, we are going to list down some of the best life insurance policy for a woman.
Table of Contents
- 1. What is Life Insurance Policy for a Woman?
- 2. What Is The Need Of Best Life Insurance Policy For A Woman?
- 3. Best Life Insurance Policy For A Woman
- 4. Life Insurance Corporation (LIC) Jeevan Bharathi-I Policy
- 5. HDFC Women Life Smart ULIP Plan
- 6. SBI Life – Smart Women Advantage Policy
- 7. TATA AIG Wellsurance Women Policy
No matter if a lady is a stay-at-home mother or holds an exclusive position, the best life insurance policy for a woman is definitely significant security to have.
What is Life Insurance Policy for a Woman?
Life insurance policy for a woman plan provides different monetary requirements of ladies. The best life insurance policy for a woman is a set of specially generated & hand-picked produces that suit the requirements of females at different phases of their lifespan; such as retirement, health, protection, child’s education as well as long term investments and savings.
What Is The Need Of Best Life Insurance Policy For A Woman?
Over and over again, women have demonstrated their selves to be equivalent to their masculine counterparts. These days, a lot of ladies have merged the workforce as well as have become liberated. Consequently, even in the case of the life insurance policy, women are realizing the significance of possessing protection for their lives.
There is a lot of life insurance companies available in the Indian market nowadays, which provides some of the best life insurance policy for a woman. So, all the ladies out there who are looking for the best life insurance policy for a woman, here we have listed down some of the greatest insurance policies provided by various insurance companies for your requirements:
Best Life Insurance Policy For A Woman
Today, in this article below I am providing a list of some of the best life insurance policy for a woman. Check out these life insurance plans and its features:
Life Insurance Corporation (LIC) Jeevan Bharathi-I Policy
The Life Insurance Corporation (LIC) Jeevan Bharathi-I Policy is a life insurance plan specially intended for ladies. Life Insurance Corporation (LIC) Jeevan Bharathi-I Policy is basically a money-back policy. The most significant benefit of the policy is that you can use the paid sum to buy a pension on your policy’s maturity. Here are the key features of the Life Insurance Corporation (LIC) Jeevan Bharti-I Policy:
20% of the total Sum Assured (SA) is rewarded as the survival benefits after every 5 years
This insurance policy delivers money back profits together with the reversionary profit that you can convert to your annuity
The insurance policy provides add-on profits as 3 added riders
- Congenital Incapacities benefit rider
- Critical Ailment rider
- Accident Profit rider
Regardless of the fact that how much the survival profits has been rewarded, the complete Sum Assured (SA) is allocated as the death benefit together with the accrued bonus
At the completion of the policy term, a maturity profit is rewarded as the remaining sum guaranteed together with the accrued bonus
This insurance policy is specially designed for women
(You Can Also Read: LIC policy for ladies/LIC policy for women)
HDFC Women Life Smart ULIP Plan
The HDFC Women Life Smart ULIP Plan is basically a Unit-Linked Insurance Plan (ULIP) particularly designed for females. This plan is an investment strategy that offers cover to a lady against a feminine specific cancer, pregnancy complications and so many more.
As this plan is a Unit-Linked Insurance Plan (ULIP), the life insured has to accept the risk related to the investment. The key features, as well as the benefits of the HDFC Women Life Smart ULIP plan, are given below:
The entire Sum assured (SA) is provided on the demise of the partner
You can avail this insurance policy in 3 variants
This is an insurance-cum-investment policy specially designed for women
The Sum Assured (SA) is given in event of the diagnosis of malicious cancer of the female organ
The sum assured can be increased up to 40 times of the annualized payment by the insurer
The policy offers coverage to its policyholder in event of the birth of the child with some congenital disorder or pregnancy complication
You can buy this plan online as per your needs
SBI Life – Smart Women Advantage Policy
To meet the life insurance requirements of ladies, the SBI Life insurance limited has launched the Smart Women Advantage Policy. This plan is actually a customary participating endowment insurance plan.
This SBI life smart women advantage is most beneficial for persons who need a threefold economic coverage with life cover, critical illness profits, and long-term savings. The key features and the benefits of this policy are given below-
This plan comes with multiple basic sums assured plans so that the policyholder can pick the level of sum assured
This is basically a traditional endowment insurance policy which offers a profit of life coverage, critical illness, and saving
This plan comes with an inherent disclaimer of the premium rider, which is delivered under the policy which waives your future premiums in case of your critical illness
There are 2 variants of this plan i.e. Platinum and Gold.
TATA AIG Wellsurance Women Policy
The plan offers protection against some specific illness as well as other life insurance benefits to women. Besides, the policy also offers assistance by covering expenses of hospitalization as well as your children’s education profits in the case of the policyholder’s accidental demise. Here are the key features of this best life insurance policy for a woman given below
This plan has been specially intended to secure ladies
In the initial 90 days of this plan’s issued period, immediate money is offered to its policyholder for accident-related hospitalization expenses
On the diagnosis of specified 11 critical illnesses, this policy pays its policyholder the profit amount
This plan delivers daily hospital money benefit
For the ICCU & ICU admissions, higher hospital sum is given by the company
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