Kotak Life
Close

Buy a Life Insurance Plan in a few clicks

Close

Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

What are the Best Investment Options For Females?

What are the Best Investment  Options For Females?
  • 14th Apr 2022 |
  • 3,927

The empowerment of women in India, especially in the last two decades has been remarkable. Today women are not only educated but are also independent both socially and financially. They have made themselves so capable that they are now leading their families, organizations, and society. This is a grand feat for us as a society. However, for every woman, savings has been a key priority. As they succeed more and more, the options for new finance and investment avenues are expanding for them. Investing money not only enables them to be independent but also allows them to support their family and maintain a good and healthy living standard.

There are dedicated investment plans for women in the finance market that are designed specifically to cater to their financial goals and needs. However, to find the best investment options for females, it is important to understand how to find them. Moreover, they should also know what factors to look for to identify the best investment options for women. In this article today, we will discuss what are the best investment options for women and also put some light on the best investment options for housewives in India.

PPF (Public Provident Fund)

Considered as the best and the safest option that women can opt for to build a good savings balance. PPF is a popular investment plan that is available in all post offices and banks. When you invest in PPF, compared to other similar long-term saving schemes you get a decent interest rate.

PPF provides an interest rate ranging as high as 7.1% to 8% in a tenure of 15 years. In addition to this, PPF is government-backed and risk-free making it the safest investment option for women. The features that make PPFs more lucrative are the range of deposit amount and the facility of withdrawal after 5 years.

PPFs allow women to invest an amount as small as ₹500 to as high as ₹1.5 lacs per year. Moreover, it allows women to withdraw as much as 50% of the total deposit after 5 years. This enables women to have access to liquidity and at the same time save a large amount. The benefits linked to PPF make it one of the best investment options for housewives in India too.

EPF (Employees’ Provident Fund)

Just like the PPF, EPF is as good, as they allow the working females to allocate a dedicated sum as soon as the income is credited and have a tax-free saving with a decent interest rate. The interest rates on the EPF are generally regularized by the government depending on various economic factors but generally are in the higher range only (above 6%).

In addition to this, working females only have to contribute 8% of their basic income to EPF funds for the first 3 years. The private sector female employees can invest a maximum amount of up to ₹2.5 lacs, while the female employees working in the government sector can invest as much as ₹5 lacs in the EPF scheme.

Kindly note that other than the mandatory government rules of EPF deduction, you can further invest more money into EPF, but you will only get EPF interest as per the rate per annum in the additional sum invested.

ULIP (Unit-Linked Insurance Plan)

A ULIP policy serves as both insurance and an investment tool. They allow an individual to explore the capital market for investment opportunities while also providing essential life insurance. Unfortunately, choosing both a life insurance plan and significant investments can be a time-consuming and financially exhausting prospect for many women. ULIPs can be extremely useful and wise in this situation. In addition, ULIP tax benefits under Section 80C and Section 10(10D) of the Income Tax Act propose that income invested, interest earned, and the maturity amount be tax-free, making ULIPs more appealing to those seeking low-cost investment options.

NSC (National Saving Certificate)

This option is one of the highly opted investment options among women. NSC offers a high-interest rate of up to 8%. Additionally, there is no cap on the sum/money invested. Also, it is a disciplined investment tool that comes with certain restrictions preventing you from withdrawing an amount before maturity for optimum investment output at the time of maturity. These are some of the factors that make NSC one of the best investment options for females.

KVP (Kisan Vikash Patra)

Although it may sound a little out of the league, it is not what you may think. KVPs are certificates issued by the post offices across India offering an annual interest rate of as much as 7.6%. Moreover, KVPs are considered as one of the best short-term investment options for females and have no maximum contribution cap, allowing them to invest large amounts at once. There are many more advantages of investing in KVPs.

SSY (Sukanya Samriddhi Scheme)

Sukanya Samriddhi Yojana is one of the most popular initiatives for girl child in India. It is government-led initiative launched as a part of ‘Beti Bachao, Beti Padhao’ campaign. The idea is to help parents and guardians secure girl child future. This one is particularly for girl’s aged below 10 years of age.

The tenure for SSY is 21 years. You can open an account at Indian posts and banks. Currently, you can earn an interest of 7.6% per annum on your investments.

There are a few more best investment options for women that may fit their investment goal such as National Savings Certificate (NSC), Post Office Monthly Income Scheme, Fixed Deposit (FD), Gold, Mutual Funds, etc. Real Estate. Further, there are other good options available in the market as well.

It is advisable to read the documents of any financial plan carefully before investing in them!

Kotak e-Term Plan

Features

  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492

T&C

Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Make Your Online Term Plan Your Familys Monthly Payout

Term Insurance Plans and Policies for Smokers

Is Term Life Insurance Plan an Investment or Expense?

4 Things To Expect From Your Term Insurance Plan in India

Can I Buy Term Insurance for a COVID-19 Patient?

Everything About Claim Settlement Ratio for Term Insurance

Can I Make Changes to My Term Insurance Policy Post Purchase?

Tips to Choose the Right Term Period for Term Insurance Plan

Term Insurance – Why You Must Include In Your Financial Planning?

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

9 Most Frequently Asked Questions on Term Insurance

Term Insurance Calculator - Everythng You Need To Know

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

Ensure Protection Against Death, Disease & Disability With Life Insurance

What are incremental term insurance plans?

Is term Insurance Needed for People With No Dependents?

Why Term Insurance Is Important in times of COVID-19?

Term Plans are Definitely Cheaper than You Think!

Endowment Plans vs Term Plans: Understanding the difference

Individual Life Insurance vs. Group Term Life Insurance

4 Methods to Calculate How Much Term Insurance You Need

Insuring Protection Against Death With Death Insurance Rider

5 Reasons to Buy Term Insurance When You are in Your 30s

What is a short term insurance policy?

Comparing Term Plans – What Should You Look Out For

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

Does Term Insurance Cover Accidental Death?

Which Death Type Does Your Term Plan Not Cover?

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

While Buying Term Insurance Compare Features, Not Just Premiums

Why Married People Should Buy Term Insurance Under MWP Act?

What are the Documents Required for Term Insurance Plan?

Is ₹1 Crore Term Insurance Good Enough Cover?

8 Things To Do After Buying Term Insurance

How Does A Term Life Insurance Work in India?

8 Factors to consider before choosing a Critical Illness Insurance

Insurance Policy for Housewife In India

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

What is Insurance Premium - A Detailed Guide

How to Identify Term Insurance According to Your Needs?

What Is a Renewable Term Insurance Policy?

Can I Extend the Tenure of My Term Insurance Plan?

Is There Any Tax Benefit on Term Insurance?

Know How to Invest at Every Age for Larger Returns

How Not To Get Your Term Insurance Claim Rejected

What is Critical Illness Policy

Why Should You Not Take A Term Plan Without Medical Test in India?

Should You Buy a Term Plan After 40?

Gift Your Father A Term Insurance Plan This Father's Day

Is Life Insurance Investment Worthy Enough

Understanding Term Insurance Riders

What is Term Insurance - A Complete Guide

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Advantages of Buying Term Insurance in Your 50s

What Are Insurance Riders and How to Choose Them in a Term Plan?

Why is it important to buy term insurance plan?

4 Reasons Why You Need Critical Illness Cover

Term Plan with Spouse Cover

How to Compare Term Insurance Online

Why should single women purchase term life insurance?

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Reasons You Need Term Insurance Plan as a Self-Employed Person

Term Insurance Basics You Should Know

Insuring Against Disability With Disability Insurance Rider

All you need to Know about Term Insurance Plans for Housewives

Calculating Term Insurance Premium

How Does Term Life Insurance Work? Learn the Benefits

Different Types of Protection Plans

Insuring yourself against Ill Health with a Critical Illness Rider

Importance of Term Insurance at Every Stage of Your Life

How To Calculate The Amount Of Term Life Insurance You Need?

How To Choose the Right Term Insurance Plan?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Top 3 Reasons Why You Should Buy A Term Plan Now

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Eligibility Criteria for Buying Term Insurance in India

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Why Should New Parents Buy Term Life Insurance?

Term Life Insurance Plan for Smokers vs Non-Smokers

All About Term Insurance Inbuilt Coverage

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Different Types of Premium in Term Insurance

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

Does Your Term Insurance Plan Cover Death Due to COVID-19?

10-Year Term Life Insurance Policy - Explained in Detail

Is Group Term Life Insurance Provided By Employer Sufficient?

Can You Increase Your Term Insurance Cover?

Tax Benefits of Term Insurance in India

How To Choose the Right Sum Assured Under a Term Plan?

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Do Beneficiaries Pay Taxes on Term Insurance?

Buying A Term Insurance Plan? Take These Factors into Account

Do I Need to Give a Medical Test for Term Insurance in India?

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Increasing Term Insurance and Riders

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

How Much Cover Should I Take In A Term Plan?

Why Should You Add a Rider to a Term Insurance Plan?

What All Documents Required For Term Insurance In India?

How To Change The Nominee in Term Insurance?

9 Ways to Help Family Members in Financial Trouble

What Is the Correct Age to Buy Term Insurance?

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

What Should You opt for - Limited or Premium Pay?

Is a Term Insurance Policy Portable?

Protection for your family

5 Things To Consider While Buying Term Insurance Plan

8 Benefits of Term Insurance You Should Know

Why Buy Term Insurance Plan With a High Cover?

Why Term Insurance Is Better Than ULIP?

Why Term Plan Should Be The First Step To Securing Your Future?

Can Term Insurance Plans Be Purchased As A Gift?

6 Types of Death not covered in Term Insurance Plan

Can I Get Term Insurance on Behalf of My Spouse?

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Busting Myths and Facts About Term Insurance Policies

Can Senior Citizens Avail Term Insurance?

Why 1 Cr Term Plan Is Necessary For Family?

Should Youngsters, Working Couples Buy Term Insurance Plans?

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

What Happens if you Hide Facts in your Term Insurance?

Term Insurance: Smokers vs Non-Smokers

5 Term Insurance Benefits for Single Women

5 Benefits of Early Retirement Planning

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Cost of Term Insurance Likely to Increase Soon

Do You Need Term Insurance Cover After Retirement?

Is It Good To Buy A Term Insurance Plan In 2022?

What Should Be The Duration Of Your Term Plan in India?

Planning For Children's Future

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

Best Investment Plans for Children - Secure Your Child's Future

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

How Much Term Life Insurance Cover Do I Need in India?

Insuring Against Accidents with an Accidental Death Insurance Rider

Why Premium Amount for Term Insurance is So Low?

What Are the Best Term Insurance Plans for Planning Retirement?

How Much Term Insurance Do I Need

Choosing Riders for Insurance Plans

Term Insurance with Critical Illness

Difference between Term Insurance and Life Insurance

How to Surrender Term Life Insurance When you have No Liabilities

Steps on How to Buy Term Insurance Online

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

What Types of Deaths Are Covered in a Term Insurance Plan?

Why Should You Buy Term Insurance in 2022?

Advantages & Disadvantages of Term Insurance in India

6 Reasons That Make Term Insurance a Must Buy

Should You Have Multiple Term Life Insurance Policies?

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Term Insurance With Riders In India

Why Buy Term Insurance Even at Rising Rates?

Planning For Son or Daughter's Wedding

Why does every working woman need life insurance?

Term Insurance Age Limit – Term Plan for All Age Groups