Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

5 Reasons Why a Women Should Buy a Life Insurance

Life Insurance For Women - 5 Reasons Why a Women Should Buy a Life Insurance here on this article. Visit Kotak Life to know more on Life Insurance

  • May 17, 2021
  • 2,358 Views

Insurance is often associated with men. This could primarily be because men made up for most of the country’s workforce, and hence the need to protect their life with an insurance cover is crucial for the family. However, things are now changing. More and more women are joining the workforce, and many households are being primarily run by women. Not only this, but women play many vital roles in a family as mothers, daughters, sisters, etc. This brings a need for women to buy life insurance too.​

Some reasons why women need to protect their loved ones by buying life insurance:

1. It can offer women financial independence: Life insurance plans such as whole life insurance, unit-linked investment plans, endowment plans, etc., offer women financial freedom. These plans offer women an opportunity to save and invest their money without too much risk. The life protection component secures their loved ones in their absence, and the growth of their money allows women to cater to their needs and those of their family members without any hassles.

2. It can offer financial protection to their children: A life insurance plan can be instrumental in the life of a parent. The sum assured from the life insurance policy can help the child carry on with their life even in the absence of a parent. This money can be used for education, travel, loan repayment, marriage, and a lot more. As a parent, women need life insurance to offer a better future to their children.

3. It offers their loved ones financial support: Women contribute a lot to their families. Whether they are earning money and partaking in the family’s expenses or covering duties of a mother, daughter, or sister, their role in a family is indispensable, and their absence can be hard on the family. A life insurance plan can offer their loved ones the necessary funds to lead their lives as before, without compromising on the standard of living.

4. It offers tax benefits: Purchasing a life insurance plan can help make additional savings in the form of tax benefits. The premiums paid towards a life insurance policy qualify for tax benefits up to ₹1.5 lakhs under the Income Tax Act of 1961. This can help women save money and use it to invest further, thereby improving their financial standing and providing their families with a better life.

5. It offers security for old age: Having a retirement corpus is essential for all people. But the need is especially greater in the case of women. Women tend to live longer than men. Hence, they might need a bigger retirement fund too. A life insurance plan can ensure that they have the required means to lead a comfortable retired life without having to depend on others for money.

Life insurance plans for women by Kotak Life

Pure protection plans

o Kotak e-Term Plan

Savings and investments plans

o Kotak Single Invest Plus
o Kotak Single Invest Advantage
o Kotak POS Bachat Bima
o Kotak Ace Investment
o Kotak Assured Income Accelerator
o Kotak Premier Endowment Plan
o Kotak Assured Savings Plan
o Kotak Premier Money Back Plan
o Kotak Classic Endowment Plan
o Kotak Premier Income Plan
o Kotak SmartLife Plan
o Kotak Premier Life Plan
o Kotak Guaranteed Savings Plan
o Kotak Wealth Optima Plan

Retirement and pension plans

o Kotak Premier Pension Plan
o Kotak Lifetime Income Plan

To sum it up

Life insurance is crucial for women, and all women must invest in it as soon as they can.

Kotak e-Term

Download Brochure

Features

  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435

T&C

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Choosing a Life Insurance Beneficiary

How Many Insurances Should I Have?

What is Sum Assured in Endowment Policy?

How to Buy a Term Life Insurance Online

First Job? Here’s Some Tips on How to Manage Finances

How do life insurance payouts work?

How to Calculate Human Life Value(HLV)?

How Do Term Insurance Plans Differ for Smokers?

Most Common Life Insurance Riders to Enhance Your Existing Policy

How To Choose The Right Life Insurance

Sabse Pehle Life Insurance

भारत में जीवन बीमा पॉलिसियों के प्रकार

How Much Life Insurance Cover Do I Need?

Is It Time to Review Life Insurance Policy of Yours?

When are Millennials required to take out a life insurance policy?

5 Things to Keep in Mind While Buying Life Insurance Policy

Can An Individual Buy Multiple Term Insurance Plans?

How to Choose a Life Insurance Policy

Types of Life Insurance Or One Investment, Many Options

A Term Insurance Guide for Disabled People

How to Use Different Types of Life Insurance for Retirement Planning?

Beware of Phishing & Fraud Insurance Calls

Health Insurance VS Life Insurance

Health Insurance VS Life Insurance

Life Insurance for Overweight Applicants

How Much Life Insurance Do You Need?

9 Most Important Things You Must Learn About Paying Life Insurance Premium

Does Life Insurance Cover Terminal Illness?

Insurance Changes You Need to Make Post Marriage

What is Minimum Life Insurance Policy?

Life Insurance Policy Closure

Term Insurance Vs Life insurance: Small Details, Big Differences

5 Benefits of Gifting Life Insurance Cover to Your Spouse

How Often You Must Review Your Life Insurance Policy?

What are robo-advisors in insurance?

Is it Worth Buying Disability Rider on Term Insurance?

All You Need to Know About KYC

What Is The Life Insurance Penetration In India And How Does It Compare Globally?

बीमा क्षेत्र में IRDAI की भूमिका

Why Online Term Insurance Plans Cheap?

Can You Apply For A Life Insurance After Getting Heart Attack? Here is Everything You Need To Know

What Is Surrender Value (Cash Surrender Value) in Insurance and how is it calculated?

All about IRDAI

Are Deaths Due To Coronavirus Covered by Kotak E-Term Plan?

Important Life Insurance Terms You Must Know

Role of IRDAI in the Insurance Sector

What is a Single Premium Term Plan and its Tax Benefit?

Term Life Insurance vs Accidental Death Insurance

Term Insurance for Home Loan: How Term Plan Helps in Paying Off Home Loan?

Is it Possible to Reduce Life Insurance Premium without Affecting Sum Assured?

क्या जीवन बीमा एक निवेश है?

What is Human Life value and a Human Life Value Calculator?

वरिष्ठ नागरिकों के लिए ऑनलाइन टर्म इंश्योरेंस प्लान खरीदने के लिए गाइड

Loan Against Life Insurance Policy

What is Underinsurance & The Dangers of Being Underinsured

Key Things to Review in Your Life Insurance Policy Document

Can a Term Plan be the Substitute for a Retirement Plan?

Important Features of a Term Insurance Plan

Does Life Insurance Policy Cover Covid Death?

Types of Life Insurance Policies in India

Insurance Vs Investment - A Guide to Your Financial Goals

When Should You Review Term Life Insurance of Yours?

Why Do Life Insurance Agents Avoid Selling Term Plans?

Term Plan with Return of Premium (TROP)

Choosing Between Short-Term & Long-Term Insurance Plans

Term Insurance Claim Process

Term Insurance Tips for NRIs in India

Reasons Why Term Insurance Claims Get Rejected

Benefits of Buying Term Insurance Plan for Senior Citizens in India

Does Family History Affects your Term Life Insurance Rates?

Think About Life Insurance Sooner than Later

How to Choose Life Insurance for All Ages?

5 Easy Steps to Buying A Policy

Different Kind of Deaths that are Not Covered in a Term Insurance Plan

5 Common Life Insurance FAQs and Answers

Details Required To Be Filled In A Life Insurance Form

Staying Insured While Investing

What Happens If I Stop Paying My Life Insurance Premium?

What is the Difference Between Insurance and Reinsurance?

Life Insurance Nominees: 5 Must-Know Facts for Beneficiaries

All About Backdating in Life Insurance

What are the Benefits of Endowment Policy?

What Is Social Impact Investing and How Does It Benefit Society?

Is It Advisable To Have Multiple Life Insurance Policies?

Best Insurance Plans in India

How to Buy a Life Insurance Plan?

Different Types of Insurance Policies in India

Is it Possible to Make Changes in a Term Plan’s Specification Post Purchase?

Terms and Conditions of Term Insurance Plans

8 Things to Consider Before You Buy Life Insurance

Why Life Insurance Is Always a Smart Decision

Difference Between Money Back and Endowment Policy

Life Insurance for Millennials

How to Revive the Lapsed Life Insurance Policy?

Why Term Insurance for Women is Important?

What Is Investment Insurance?

Why is Medical Test Important While Buying a Term Insurance?

6 Things You May Not Know about Life Insurance

In India, should NRIs purchase life insurance?

Why Buying a Term Insurance is Important for all Parents

What Is the Procedure to choose a nomination in life insurance policy?

Role of Life Insurance in Your Financial Portfolio

क्रिटिकल इलनेस राइडर के साथ टर्म इंश्योरेंस के लाभ

How Much Life Insurance Costs and How Much Insurance Cover You Need?

Guide for Buying Online Term Insurance Plans for Senior Citizens

What Should One Expect During the Medical Evaluation for Life Insurance?

“Life” Insurance or “Death” Insurance?

6 Different Types of Insurance Policies

5 Reasons Why You Need Life Insurance in College

Customer Awareness on Information Security

Life Insurance and Retirement Planning

Voluntary Life Insurance Policy Vs Group Life Insurance

FAQs on Life Insurance

What Is Insurance Rider and It’s Benefits?

Why do most Indians choose the wrong way to buy life insurance?

Life Insurance vs Mutual Funds

Life Insurance Beneficiary

1 CR Term Insurance Plan: How to Pick the Best 1 CR Term Plan

What Should One Consider Buying: Term Insurance or Traditional Life Insurance

Top 5 Common Life Insurance Myths and Facts

Life Insurance with Money Back vs Without Money Back

What is Life Insurance?

Various Term Insurance Premium Payment Options Available in India

All You Need to Know About Life Insurance - Its Benefits, Features, and Types of Life Insurance

जीवन बीमा पर ऋण

Is Voluntary Life Insurance the Same as Basic Life Insurance?

Biggest Life Insurance Myths

Take 100% Responsibility of Your Family with Term Life Insurance

What is the Current Trend in Term Insurance?

How to Select a Perfect Life Insurance Policy in India to Protect Your Future?

Do Life Insurance Premiums Increase Every Year?

All about Your Rights and Duties While Buying Life Insurance Policy

Life Insurance for Overweight Applicants

Benefits of Term Insurance with Critical Illness Rider

5 Smart Steps to keep in mind while buying term policies

Important Terminologies of Life Insurance

Why Your Family Should Know About Your Life Insurance Policy?

Choose the Nominee of a Term Life Insurance Plan Wisely

Different Types Of Life Insurance In India

Digital Life Certificate for Pensioners Seeking Pension

Does Life Insurance Pay for Suicidal Death?

7 Superficial Reasons People Avoid Buying Insurance Online

Life Insurance Plans for Women

What is Group Insurance?

What is Insurance Coverage? Overview, Types, and Examples

How to Find the Best Term Insurance Plan in Seven Steps

Is Life Insurance an Investment?

Importance of Checking Claim Settlement Ratio before Buying Life Insurance

Why One Must Buy Term Insurance before 25 Years

Types of Insurance You Must Invest in for Secure Future

Why Should You Buy Term Insurance under the MWP Act (Married Women’s Property Act)?

जीवन बीमा क्या है?

Comparing low premium term insurance Is Not the Only Factor While Buying Life Insurance

What is the Difference Between Limited and Regular Pay Insurance Plan?

भारत में सर्वश्रेष्ठ टर्म प्लान कैसे चुनें?

Should You Buy Life Insurance After Getting Married?

How to Make Death Claims on Life Insurance?

Kotak Life Claim Settlement Ratio

Savings cum Protection Plans Secures Your Family from Unforeseen Events

What Is a Whole Life Insurance Plan?

Nominee in insurance - A Complete Guide on nomination in insurance

All about Life Insurance Calculators

Adding A Child to Your Life Insurance Policy?

Who Is A Nominee In A Life Insurance Plan?

NRI Premium Payment Options

Compare Different Life Insurance Products Offered By Kotak Life

What happens to joint life insurance after divorce?

Important Factors to Consider While Choosing the Right Term Period for Your Term Insurance Plan

Process of Filing A Claim For Life Insurance

Why You Should Never Cancel Life Insurance Policy

How Does Life Insurance Work?

5 Advantages of Life Insurance Going Digital

Do Your Financial Planning with Life Insurance!

Why Renewal of Term Insurance Plan is Important

Can You Transfer Life Insurance Policies to Another Company in India?

Can NRI Buy Life Insurance in India?

Is Life Insurance For Millennials Really Needed?

Life Insurance and Millennials

All About Life Insurance and How It Works?

Life Insurance Vs. Mutual Funds Investment

5 Ways to ensure faster settlement of claims

Always keep your Nominee informed

What Is Staggered Payment Option Under Term Insurance Policy?

How to Choose the Right Life Insurance Policy for Your Age?

Difference Between Insurance and Assurance?

Guidelines for Linking Aadhar and PAN to Insurance Policies

Why do I Need Life Insurance?

How to Customize Your Life Insurance Policy with Riders