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Top 4 Life Insurance Plans For Women In India

  • No one can predict what the womb of future beholds for us! You never know what will happen tomorrow and if you have some financial stability, you will be in a better position to face all, especially if you being a woman and have availed life insurance plans.

    Yes, when you have a life insurance plan, it can assist you in securing your future against future financial qualms and also plan out vital life goals.  Yes, if you are self-employed women, single or working, financial planning is vital for you as well. The insurance industry has gone for a transition, and you can find many service providers offering you life insurance plans over the internet.

    Keeping the various needs of women, let’s quickly list out four leading life insurance plans for women in India.

    1. SBI Life Smart Women Advantage Plan : To organize the financial needs of the women, SBI has launched its Life Smart Women Advantage Plan, a conventional endowment assurance plan. The scheme offers the benefits of savings and shield to a female. The plan fits those who are looking to avail the benefits of long-planned savings, critical illness and life cover. A policyholder can opt for either Gold or a Platinum plan and select the grade of assured sum – on death, or on knowing of a serious illness – which may be a compound of the assured basic sum.


    1. HDFC Life Smart Women ULIP : The plan is brought to you by HDFC Life and is a unit linked insurance scheme for women. The investment plan covers a woman during pregnancy issues, specified cancers of the women and much more. However, the catch is that since it is a ULIP, the insured person has to put up with the threat of ROI as it’s based on the market performance. The plan has three types – Classic, Premier, and Elite. The sum assured is on – the death of the spouse, diagnosis of the malignant cancers of the female body organ and covers pregnancy complications or a child birth with an inborn disorder. Also, the insurer can enhance the assured sum up to 40 times than the annual premium.


    1. Shriram New ShriVivah Plan : It is a customary saving scheme which involves participation and designed for females. The major objective of the insurance plan is to provide cover for massive expenses of a wedding. Lump sum cash is paid by the family in the unfortunate death of the policyholder and lessens the debt of the family. Along with maturity benefits, the life insurance plan also presents twice life insurance cover along with the regular income.


    1. LIC Jeevan Bharathi-I Plan : Just like the earlier mentioned life insurance plans, it is also a plan designed especially for women. The major advantage of the policy is that the payment of money could be utilized to buy an allowance on the policy’s maturity. What’s more, the plan also requires to you paying the premium for the total tenor (15-20 years) and the endurance advantage of 20% of the assured sum are paid every five years (policy). On term completion, the remainder of the amount, accrued bonus and final bonus is also paid.

    The Bottom Line

    You can find many life insurance plans such as Reliance life insurance, ICICI life insurance, Max life insurance and more as discussed above these days to avail and apply online.

    These life insurance plans have tons of benefits ‘ready-to-serve’ the various needs of a woman in multiple life stages.

    Get more out of life insurance policies as you continue to dig deeper into them on Bajaj Finserv! Yes, contact Bajaj Finserv for full-fledged information regarding a life insurance policy, get insured and secure your future!



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