A woman plays a huge role in shaping her family through different roles as a housewife, mother, wife, daughter, and working professional. One loss in her family creates distress in their mind, both emotionally and financially. So, how could we protect her from this damage? To help women manage this kind of financial stress, term insurance plans for women have been introduced. Term insurance for women is a step towards financial independence and women’s security. Term insurance is a specific type of life insurance designed to cater to a beneficiary’s distinct needs, whether advancing in her career, managing household responsibilities, or planning for the future. Term insurance also covers the critical situations, such as unexpected income loss, medical illness, that may come in the beneficiary’s life. In this article, we will provide you with the whole detailed guide for Term Insurance Plans for Women.
What are the Best Term Insurance Plans for Women in 2025
Buying the Term Insurance Plan depends on the individual’s choice. But we are suggesting some of the common and budget-friendly plans that help a woman in shaping their life better financially:
| Top Term Plans | Life Cover | Claim Settlement | Price |
| ICICI Prudential iProtect Smart | Rs 1 crore | 99.3% | Rs 488/month |
| HDFC Life Click 2 Protect Super | Rs 1 crore | 99.7% | Rs 614/month |
| Axis Max Smart Term Plan Plus | Rs 1 crore | 99.7% | Rs 554/month |
| TATA AIA Sampoorna Raksha Promise | Rs 1 crore | 99.41% | Rs 545/month |
| Bajaj Allianz Life e Touch | Rs 1 crore | 99.29% | Rs 478/month |
How Term Insurance For Women Works
Term Insurance for Women is a financial safeguard, offering peace of mind and various long-term benefits to a woman and her family. Before knowing the various Term insurance plans, it is important to know how they work. Here are a few steps that how term insurance works for Women:
- Women often take a career break during their pregnancy or child-rearing period, which may affect their financial growth. Term insurance helps in bridging those gaps, offering more stability during the transitions.
- Term insurance for women helps their loved ones to bear their education expenses, loans, and mortgages after the policyholder’s death.
- Term insurance also protects from the critical illnesses of women, such as breast and cervical cancer, surgeries, etc., reducing her potential health risks.
- Term insurance also helps women manage their daily household budgets, senior citizens, and care for their children, ensuring their financial well-being.
- Investing in a term insurance plan doesn’t just secure your family’s future — it also offers you some great tax benefits under the Income Tax Act of 1961:
- Under Section 80C, the premiums you pay for your term plan can help you save on taxes. You can claim a deduction of up to ₹1.5 lakh in a financial year — that’s money you don’t have to pay tax on.
- Under Section 10(10D): In case something unfortunate happens to you, the payout your loved ones receive (also called the death benefit) is completely tax-free. It ensures they get the full amount without worrying about any tax deductions.
Who Should Buy a Term Insurance for Women?
Here is a list of those who should buy a term insurance plan for Women:
What are the Best Term Insurance Plans for Women?
Some of the Best Term Insurance Plans for Women are:
| Insurer Name | Term Insurance Plan | Claim Settled Amount (₹ Cr) | Entry Age | Maximum Maturity Age |
| Aditya Birla Sun Life Insurance Co. Ltd. | ABSLI Income Suraksha Plan | 458 | 21–55 years | 70 years |
| Aviva Life Insurance Co. India Ltd. | Aviva Signature 3D Term Plan | 98 | 18–65 years | 80 years |
| Bajaj Allianz Life Insurance Co. Ltd. | Bajaj Allianz eTouch | 603 | 18–55 years | 99 years |
| Bandhan Life Insurance Ltd. | Bandhan Life iTerm Prime | 86 | 18–65 years | 70 years |
| Bharti AXA Life Insurance Co. Ltd. | Flexi Term Pro | 148 | 18–65 years | 99 years |
| Canara HSBC Life Insurance Co. Ltd. | Canara Young Term Plan | 186 | 18–45 years | 99 years |
| Edelweiss Life Insurance Co. Ltd. | Edelweiss Life Zindagi Plus | 59 | 18–65 years | 80 years |
| Future Generali India Life Insurance Co. Ltd. | Future Generali India Term Insurance Plan | 33 | 18–60 years | 65 years |
| HDFC Life Insurance Co. Ltd. | HDFC Click 2 Protect Super | 1,389 | 18–65 years | 85 years |
| ICICI Prudential Life Insurance Co. Ltd. | ICICI iProtect Smart | 1,950 | 18–65 years | 99 years |
| IndiaFirst Life Insurance Co. Ltd. | IndiaFirst Life Elite Term Plan | 160 | 18–60 years | 99 years |
| Kotak Mahindra Life Insurance Co. Ltd. | Kotak e Term | 321 | 18–65 years | 85 years |
| Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18–65 years | 80 years |
| Axis Max Life Insurance Co. Ltd. | Max Life Smart Total Elite Protection | 1,242 | 18–65 years | 85 years |
| PNB MetLife India Insurance Co. Ltd. | PNB MetLife Mera Term Plan Plus | 407 | 18–50 years | 80 years |
| Pramerica Life Insurance Co., Ltd. | Pramerica Life Rock Solid Plan | 30 | 18–65 years | 85 years |
| SBI Life Insurance Co. Ltd. | SBI eShield Next Plan | 1,676 | 18–65 years | 100 years |
| Shriram Life Insurance Co. Ltd. | Shriram Life Smart Protection Plan | 109 | 18–65 years | 75 years |
| Star Union DAI-ICHI Life Insurance Co., Ltd. | SUD Life Protect Shield Plus | 113 | 18–60 years | 80 years |
| Tata AIA Life Insurance Co. Ltd. | Tata AIA Sampoorna Raksha Promise | 776 | 18–65 years | 100 years |
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Why Women Should Buy a Term Insurance Plan
In today’s world, women are a leading part of our society. But with their increasing responsibilities, they need financial support also. Term life insurance offers them protection against the different types of financial uncertainties that may occur in their life. Term insurance for women helps them manage the daily budget of the household, educational expenses of children, care for aged parents, and treatment for their medical illness. Moreover, the money from the Insurance of Women will be transferred to her loved ones after her death.
Who Should Buy a Term Insurance for Women?
Here is a list of those who should buy a term insurance plan for Women:
| Types Of Individuals | Reason |
| Self-Employed Women | The term insurance for women can protect their family from being burdened by any remaining loans, educational expenses, or any other charges in the absence of the woman. |
| Housewives | Even though housewives don’t earn money, with the help of term insurance plans, women can help their families financially. |
| Single Mothers | Single mothers can help their children with their education expenses and fulfill their dreams. |
Key Features of Term Insurance for Women In India
Some of the Key features of Term Insurance for Women In India are:
Financial Security for Your Family
One of the most meaningful ways to ensure your loved ones are financially protected, even in your absence, is through term life insurance. This simple yet powerful plan offers a fixed amount to the beneficiary’s family if something happens to the beneficiary during the policy term. This money can help them manage everyday living costs, pay for children’s education, clear any outstanding loans, and maintain a sense of stability when they need it the most.
Lower Premiums for Women
Here’s some good news: women generally pay lower premiums for life insurance. Why? Because statistics show that women tend to have higher life expectancy rates than men, which makes them a lower risk for insurers. That means for the same amount of life cover, women can often pay significantly less each year compared to men, making it a smart, affordable financial move.
Support for Your Child’s Future
Life insurance isn’t just about protecting your family; it’s also about giving your children a secure future. Many term plans today come with optional childcare or education add-ons. These can provide financial support to cover your child’s school or college fees in case you’re no longer around. It’s one more way to ensure your dreams for their future are fulfilled, no matter what.
Add Extra Protection That Fits Your Life
Women can enhance their term life insurance by including riders to their base policy that suit them best. Riders are the additional benefits that come with your Term Insurance plan. Be sure to go through the policy document to determine which riders are available to you. To give you an idea of helpful options, some examples are coverage for critical illness, accidental death benefits, waiver of premium in difficult times, and assistance if the diagnosis is a terminal illness, which can offer a woman peace of mind for the unexpected journeys of life.
Stay Independent Even After Retirement
A term insurance plan with a return of premium option is likely one of the best ways for women to ensure financial security for the future when they retire. When the policy matures, you will receive the premiums you paid, which is a benefit, and it helps you maintain your independence and fulfill your needs after retiring.
Key Benefits of Term Insurance For Women
Term Life Insurance for women comes with various benefits that specifically cater to the needs of a single woman. With the help of these benefits, you can help you choose the right plan.
- Affordability: Term Insurance provides you with the accessibility to buy cheaper plans as compared to the costly policies.
- Financial Security: The lump sum amount goes to your family if something happens to you during the policy term.
- Transparency and Simplicity: Term Insurance Policies are straightforward with clearly mentioned terms and conditions, so that it becomes easier for the buyer to choose the right plan.
- Increased Coverage: As a single woman, adequate coverage protects your future financial commitments, such as loans, mortgages, or any kind of payment.
Types of Term Insurance Plans for Ladies
All kinds of term insurance plans have their unique features and benefits that help women choose policies designed to meet their financial goals and life scenarios. Here’s a list of types of Term Insurance Plans for Ladies:
Level Term Insurance
With a level-term insurance plan, you can rest assured that your sum assured does not change during the term of your policy. Regardless of when something happens to you during the coverage period, your beneficiaries will receive the whole benefit amount for stable and predictable financial security.
Renewable Term Insurance
Life is unpredictable, but your insurance does not have to be. Renewable term insurance permits the ability to revive, or renew, level term insurance at the end of each 10, 20, or 30 term without being subjected to further medical tests. Although premiums may increase based on your age, you can preserve coverage in times when protection is increasingly necessary.
Convertible Term Insurance
Life changes, and our financial needs change with it. Convertible term insurance allows you to convert your temporary coverage to a more permanent life insurance plan, such as whole life or endowment, without the need for additional medical examinations. It’s a great option for women who want flexibility in their coverage as their priorities change.
Term Insurance with Return of Premium (TROP)
Think about life insurance that protects your family but also returns your money as you would have in a “savings plan”. A Term Plan with a Return of Premium does just that. If the insured woman is in good health and completes the full term of the policy, all premiums will be returned. The premiums may be higher than regular term plans, but this option provides peace of mind: you either have your family protected or your money returned.
Term Insurance with Maturity Benefit
This plan feels like a reward for making it through life’s challenges with good health. If the insured woman survives her policy term, she will receive a lump-sum payout at the end. It is a thoughtful way to potentially build a nest egg for the future, to use to travel and retire in comfort, to save for a dream that needs funding, or to remain totally at ease knowing that those years of planning are now leading to something meaningful later.
Term Insurance with Critical Illness Cover
There are unexpected life changes. Often, health-related emergencies occur unexpectedly. This plan offers the peace of mind of coverage options that recognize the unpredictable nature of life and wellness. In addition to life coverage, this plan also provides some extra support by providing coverage for serious illnesses, including: cancer, stroke, and heart disease. If the insured woman is diagnosed with a listed critical illness at any time during the term of the policy, the insuring company will pay a lump-sum payout to support the insured woman during this health challenge.
Group Term Plans
Group term plans are life insurance policies that are provided by employers or organizations to secure financial protection for their employees or members as immediate financial assistance. Group term plans are an excellent way to provide basic life insurance coverage to a group of people, such as an organization’s employees. In group term plans, premiums tend to be less than a personal or individual term life insurance policy due to spreading the risk among many people.
Things To Consider Before Buying Term Insurance for Women
When you are buying Term Insurance for Women, there are some important points to keep in mind so you get the best policy you need. Below are some important tips that should be kept in mind before you buy the term insurance:
Pick the Right Coverage Amount
Think about your family’s future, like loan repayments, kids’ education, and daily living costs. Choose a coverage that ensures they’re financially secure even in your absence.
Choose a Budget-Friendly Premium
Make sure the premium fits comfortably within your budget. Compare different plans to find one that offers good coverage without being heavy on your wallet.
Select a Suitable Policy Term
Your policy should last as long as your loved ones might depend on your income, until your kids grow up or loans are paid off.
Add Riders for Extra Protection
Customize your plan with add-ons like critical illness, accidental death, or disability riders for a safety net tailored to your lifestyle and health needs.
Check the Claim Settlement Ratio
Look for insurers with a high claim settlement ratio, which means they have a good record of honoring claims, giving your family peace of mind.
Go with a Trusted Insurance Provider
Choose a company known for financial strength and reliable customer service. A good reputation often means smoother claim experiences.
Read Reviews and Customer Experiences
Don’t just go by brochures; check what real customers say, especially about how the company handles claims and customer support.
Keep Your Bigger Financial Picture in Mind
Make sure your term insurance aligns with your long-term financial goals, like retirement planning and securing your family’s future wealth.
So these are some special tips that help a woman before buying any Term Insurance for herself and her family.
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FAQS:
Why is it important to buy Term Insurance for Women?
Buying term insurance for women is important to ensure financial security for their families in case of an uncertain loss or medical illness.
Are there any tax benefits in the Term Insurance for Women?
Yes, women can claim tax deductions under Section 80C and Section 10(10D) to get the taxation relaxation through their Term Insurance.
What is the main objective of Term Insurance provided to women?
The main objective of term insurance for women is to help them become financially stable and help their families financially.
How many types of Term Insurance are there for ladies?
There are a total of 7 types of term insurance for ladies.
At what age should women buy Term Insurance?
Women should buy term insurance as early as possible, ideally in their 20s or early 30s. The sooner you buy term insurance, the smaller your premium amount will be.