Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals. Know more

Kotak e-Term

Protect your family's financial future. 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 life cover. Know more

Kotak e-Invest

Insurance and Investment in one plan. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more


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.

Why should single women purchase term life insurance?

Why should single women purchase term life insurance ?- Find out important benefits of term insurance for single women here on this article. Visit Kotak Life to know more on term insurance

  • May 17, 2021

The need for financial independence is crucial for everyone, and women are no exception. Moreover, having a financial plan that you can extend to your loved ones is even better. This is what makes a term insurance policy a vital part of a woman’s financial planning. When it comes to single women, creating a strong financial support system is necessary, given the added responsibilities that they have to shoulder. A term plan can give a single woman’s family members security and stability to continue with their lives with sufficient funds in their absence.​

Reasons why a term insurance plan is important for single women:

1. A safety net for loved ones: For single women, a term plan is an ideal way to build a safety financial net for their loved ones. As sole providers for their parents and dependent siblings, single women can leverage a term plan easily to ensure that their family can live a financially secure and dignified life in their absence.

2. Funding career goals: Despite the burden of multiple responsibilities, single women enjoy a certain degree of independence which enables them to take on new ventures and fulfil their dream business plans. However, the initial investments could build up some debts which need to be repaid over the course of time. A term insurance policy ensures that the loved ones do not reel under the pressure of these debts in case of the insured’s untimely demise.

3. Health cover against critical illnesses: Given the hectic schedules and additional duties single women have to keep up with, lifestyle diseases or even illnesses like breast cancer or ovarian cancer can be a result of excessive stress. Adding a critical illness or health rider to a term insurance policy can enhance the coverage of a term plan substantially and cushion one against the illnesses that are listed in the plan.

4. Financial planning through tax saving: Single women can lower their tax liability with a term plan. Under Section 80C of the Income Tax Act of 1961, women can claim a tax deduction of up to Rs. 1.5 lakhs on the premiums paid towards a term insurance policy. Such savings on tax can help one invest in different avenues and create a more robust financial plan.

Term insurance plans for single women by Kotak Life

Kotak Life offers an economical and pure risk-cover term insurance plan that can help single women secure their family’s future with sufficient funds. The Kotak e-Term Plan is also known for offering special premium rates to women, which makes the term plan an ideal choice for single women.

The following are the offerings of the plan:

Kotak e-Term Plan

  • Single women can get a minimum sum assured of ₹25,00,000, while there is no limit on the higher end. One can also choose the Premium Payment Term as per their preference.
  • To secure one’s family, one can choose from Life, Life Plus and Life Secure plan options. Under the Life Plus Option, then the benefit payable can go up to a maximum of ₹1 crore, which includes 100% of the sum assured on death as well as the payable Accidental Death Benefit.
  • Women can add riders like the Kotak Permanent Disability Benefit Rider and the Kotak Critical Illness Plus Rider to further enhance the plan’s coverage.

To sum it up

Term insurance can give single women peace of mind and stability. Knowing that their loved ones are secured can also provide single women with the confidence to excel in their profession, start new ventures, and live a stress-free life.

Kotak e-Term

Download Brochure


  • 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


- A Consumer Education Initiative series by Kotak Life

Similar Articles

How do I Calculate My Term Insurance Premium

Surrender Term Life Insurance Policy

What Are the Best Term Insurance Plans for Planning Retirement?

What is a short term insurance policy?

Why You Must Include In Your Financial Planning?

Should Youngsters, Working Couples Buy Term Insurance Plans?

Why is it important to buy term insurance plan?

What Is the Correct Age to Buy Term Insurance?

5 Term Insurance Benefits for Single Women

Can You Get Term Insurance Without Income Proof?

How to Identify Term Insurance According to Your Needs?

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

How To Evaluate Your Term Insurance Quote?

Term Insurance Calculator - Everything You Need To Know

9 Most Frequently Asked Questions on Term Insurance

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

While Buying Term Insurance Compare Features, Not Just Premiums

Different Types of Premiums in Term Insurance?

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

Can I Get Term Insurance on Behalf of My Spouse?

Is a Term Insurance Policy Portable?

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

How to Compare Term Insurance Online

Should you have more than one nominee in your term insurance?

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

Term Insurance With Riders In India

Why Buy Term Insurance Plan With a High Cover?

Why Should You Rethink Short Term Insurance Plans

Terms and Conditions of Term Insurance Plans

Reasons Why Term Insurance Claims Get Rejected

Age Limit for Term Life Insurance

How Does BMI Affect Your Term Insurance Premium?

Individual Life Insurance vs. Group Term Life Insurance

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

Busting Myths and Facts About Term Insurance Policies

Alzheimer's Disease and How It’s Covered Under Health Insurance

Term Insurance Claim Process

How Much Term Life Insurance Cover Do I Need?

Hiding vital facts while buying term insurance? Claims may be rejected

Term Life Insurance Plan for Smokers vs Non-Smokers

How to Buy ₹1 Crore Life Insurance Policy Without Medical Test?

6 Reasons That Make Term Insurance a Must Buy

Endowment Plans vs Term Plans: Understanding the difference

10-Year Term Life Insurance Policy - Explained in Detail

How Not To Get Your Term Insurance Claim Rejected

How to Find the Best Term Insurance Plan in Seven Steps

Term Insurance with Critical Illness

Term Insurance Trends You Must Know

टर्म इंश्योरेंस बनाम लाइफ इंश्योरेंस: अंतर और लाभ समझें

Everything about Incremental Term Life Insurance Policy

How Does Term Life Insurance Work? Learn the Benefits

Joint vs Individual Term Insurance: Which One Should You Choose?

Term Insurance vs Life Insurance: Understand the Difference and Benefits

Why You Need to Know About the Critical Illness Plan?

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

Understanding Term Insurance Riders

Advantages & Disadvantages of Term Insurance in India

Documents Required for Term Insurance

Why Married People Should Buy Term Insurance Under MWP Act?

Tax Benefits of Term Insurance in India

Difference Between Term Insurance and Endowment Plan

How To Choose the Right Term Insurance Plan?

Why Term Insurance Is Must For Parents

What is Salary Protection Insurance and Why You Need It

Can You Increase Your Term Insurance Cover?

How to Buy a Term Life Insurance Online

What All Documents Required For Term Insurance In India?

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

4 Reasons Why You Need Critical Illness Cover

₹1.5 Crore Term Insurance

Is ₹1 Crore Term Insurance Good Enough Cover?

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

₹75 Lakh Term Insurance

8 Benefits of Term Insurance You Should Know

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

What is Term Insurance: Definition and Benefit of Term Plan

जीवन बीमा पॉलिसी लेने की प्रक्रिया क्या है?

Why Online Term Insurance Plans Cheap?

टर्म इंश्योरेंस क्लेम प्रक्रिया

Do term insurance policy have a waiting period after buying?

Eligibility Criteria for Buying Term Insurance in India

Buying A Term Insurance Plan? Take These Factors into Account

Make Your Online Term Plan Your Familys Monthly Payout

Term Life Insurance Vs Money Back Life Insurance

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

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

Is Death Due to Covered by Term Insurance?

Should You Buy a Term Plan After 40?

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

Can I Extend the Tenure of My Term Insurance Plan?

Which is better limited pay or regular pay in term insurance?

Can Senior Citizens Avail Term Insurance?

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

Term Insurance vs. Endowment Plan: Know the Differences

A Term Insurance Guide for Disabled People

Salient features of a Term Insurance Plan

Which Death Type Does Your Term Plan Not Cover?

5 Things to Consider When Buying Term Insurance, if you are Single

Family Protection Term Insurance: Safeguarding Your Loved Ones

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

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

Why Should New Parents Buy Term Life Insurance?

Term Insurance Comparison – What Should You Look Out for?

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

All About Term Insurance Inbuilt Coverage

Which Death Types are Covered by Kotak E-Term Plan?

Term Insurance Plans and Policies for Smokers

Why 1 Cr Term Plan Is Necessary For Family?

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

Should You Have Multiple Term Life Insurance Policies?

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

Cost of Term Insurance Likely to Increase Soon

Does Term Insurance Cover Accidental Death?

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

Everything About Claim Settlement Ratio for Term Insurance

How To Change The Nominee in Term Insurance?

Why Term Insurance Is Better Than ULIP?

What Is Staggered Payment Option Under Term Insurance Policy?

Online vs Offline Term Insurance - A Comparison

Here's why Renewal of Term Plan is Important

5 methods to calculate how much term insurance you need

How to choose the right term insurance plan

How Much Cover Should I Take In A Term Plan?

Importance of Term Insurance at Every Stage of Your Life

4 Things To Expect From Your Term Insurance Plan in India

Term Plans are Definitely Cheaper than You Think!

9 Questions You Should Ask Before Buying Term Insurance

5 Things To Consider While Buying Term Insurance Plan

Is term Insurance Needed for People With No Dependents?

Insurance Policy for Housewife In India

Is Group Term Life Insurance Provided By Employer Sufficient?

Why Premium Amount for Term Insurance is So Low?

Term Insurance for Women

Want to surrender your term insurance policy? Here's a guide

Why Buy Term Insurance Even at Rising Rates?

Various Term Insurance Premium Payment Options Available in India

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

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

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

1 करोड़ का टर्म इंश्योरेंस प्लान क्या है?

What is Critical Illness Policy?

Why Should You Buy Term Insurance in 2022?

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

Is it Worth Buying Disability Rider on Term Insurance?

What is a term insurance plan with a return of premium, and how does it work?

Choose the Nominee of a Term Life Insurance Plan Wisely

6 Types of Death not covered in Term Insurance Plan

₹50 Lakh Term Insurance

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

Is There Any Tax Benefit on Term Insurance?

Is Term Life Insurance Plan Worth?

Top 3 Reasons Why You Should Buy A Term Plan Now

Term life insurance: Should you opt for lump sum payout or staggered payout?

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

All you need to Know about Term Insurance Plans for housewives

Take 100% Responsibility for Your Family with Term Life Insurance

Term Insurance: Smokers vs Non-Smokers

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

भारत में जीवन बीमा कितने प्रकार के होते हैं?

Difference Between Short-Term and Long-Term Insurance

Why Renewal of the Life Insurance Policy is Important?

Know the many types of life insurance policies in India

Term Insurance Vs Car Insurance: A Budgetary Choice You'll Regret

Why does every working women need life insurance?

How Does Short-Term Life Insurance Work?

8 Factors to consider before choosing a Critical Illness Insurance

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Steps on How to Buy Term Insurance Online

Types of Deaths Not Covered by Term Insurance

Top 5 Features of Term Insurance

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Renewable Term Insurance

What Should be the Right Term Insurance Plan Duration?

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

Term Insurance Tips for NRIs in India

Can NRI Buy Life Insurance in India?

Term Insurance As A Gift | Perfect gift for your Loved ones

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

Calculating Term Insurance Premium

Increasing Term Insurance and Riders

₹2 crore Term Insurance

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

Why One Must Buy Term Insurance before 25 Years

Should you buy a Renewable Term Life Policy?

Smart Steps to keep in mind while buying term policies

4 Methods to Calculate How Much Term Insurance You Need

₹5 Crore Term Insurance

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

Advantages of Buying Term Insurance in Your 50s

How Does Term Life Insurance Work? Learn the Benefits

Guide for Buying Online Term Insurance Plans for Senior Citizens

Things To Do After Buying Term Insurance

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

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

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

क्रिटिकल इलनेस राइडर के साथ टर्म इंश्योरेंस के लाभ

Do Beneficiaries Pay Taxes on Term Insurance?

Term Insurance Terminology

Should Retirees Buy Term Insurance?

Term Insurance Claims – Make Sure Your Claims Are Never Rejected

Term Insurance Basics You Should Know

Can You Buy Multiple Term Insurance Policy?

Benefits of Short-Term Life Insurance Policy

Term Plan with Spouse Cover

Zero Cost Term Insurance Plan: What is & Should you buy it?

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