5 Term Insurance Benefits For Single Women

Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Icon for Kotak Preferred e-Term Plan

    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak E-Invest Plan

    Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!


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 Term Insurance Benefits for Single Women

  • 11th Mar 2021
  • 448

Buy Term Plan Now 5 Term Insurance Benefits for Single Women

Term insurance is often associated with the chief earning member of the family. In the unfortunate event of their demise, a term insurance plan can help their family cope with the loss and at the same time cater to their future financial needs. Given the fact that more and more women are working and supporting themselves financially in today’s times, a term insurance plan is essential for all single women.

Benefits of term insurance for single women

1. It offers low premiums if bought early: Buying a term plan at an early age can come with low premiums. This can considerably reduce the costs of term insurance. Young single women can greatly benefit from lower premiums and buy a plan with a high sum assured without putting a dent in their budget.

2. It helps their family pay off debts: Loans are a common way to fulfil goals these days. Home loans, car loans, student loans, and even personal loans can help individuals lead comfortable lives. However, the interest rates can be a burden. In the case of an untimely demise, the onus of paying back the loan can fall on the family. The payouts from a term plan can help a grieving family settle these loans and carry on with their lives with dignity.

3. It offers tax benefits: A term plan has many tax benefits that can contribute to overall savings. Policy owners can claim a tax deduction of up to ₹1.5 lakhs on the premiums paid towards a term plan under Section 80C of the Income Tax Act of 1961 Tax Act of 1961. Not only does this secure the future of the nominee but also provides the policy owner with short term savings.

4. It can help the future family and children:A term insurance policy can secure future generations too. When a woman gets married and has children, the term insurance plan can be used as a financial cushion for her loved ones. The sum assured can cover her children’s higher education expenses, wedding costs, loan repayments, and a lot more.

5. It offers medical benefits: There has been an alarming increase in illnesses. A static lifestyle followed by high-stress levels and poor eating choices has led to several medical issues in people of all age groups. Women, in particular, are prone to breast cancer, ovarian cancer, Polycystic Ovarian Disease (PCOD), etc. A term insurance plan with a critical illness cover can be used to accommodate medical expenses.

Term insurance plans for single women by Kotak Life

Here are some benefits by Kotak Life term insurance plans and their features for single women:

1.Kotak e-Term Plan

- High protection, starting at only ₹23 per day.

- Multiple payout options, such as Life Option, Life Secure Option, and Life Plus option.

- Flexible payouts, such as Immediate, Level Recurring, and Increasing Recurring payout options.

- Minimum sum assured starting from ₹25,00,000 (the higher limit depends on the plan).

To sum it up

Term insurance is an essential part of every woman’s financial plan. Hence, it is critical to buy a wholesome term insurance plan as soon as possible. Moreover, keep in mind to pick an adequate sum assured with suitable riders to enhance the cover and receive optimal benefits.

- A Consumer Education Initiative series by Kotak Life


Also read

    • 26th Nov 2021
    • 59

    How to Ensure That Your Term Insurance Claims Are Never Rejected?

    While buying a policy, many people tend to make amateur mistakes, which leads to claim rejections. Read the article to know how u can avoid these comm...

    Read more
    • 21st Dec 2021
    • 63

    Should Youngsters, Working Couples Buy Term Insurance Plans?

    As a youngster, you must consider term insurance plan as a great boon for your financial planning. Read this article to know more about term plan

    Read more
  • Term Life Insurance Plan for Smokers vs Non-Smokers

    Smoking need not deter a person from availing term plans as they cover both smokers and non-smokers in India, with variable premiums. To Know more, Vi...

    Read more

Related Plans

  • Kotak e-Term Plan - Online Term Insurance

    Kotak e-Term Plan - Online Term Insurance

    Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key ...

    Know more
  • Kotak Classic Endowment Plan

    Kotak Classic Endowment Plan

    Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.

    Know more
  • Kotak Single Invest Advantage

    Kotak Single Invest Advantage

    Kotak Single Invest Advantage is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term.

    Know more