Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Kotak Health Shield
Insurance against medical expenses related to heart, brain, liver and Cancer.
With changing times, the role of women across the globe has changed. Women no longer play a strong role only in the household. Today, they also have an important part to play in towards the financial contribution of their family. Just like men, women participate equally in the financial growth of the family. Women are equally important when making domestic, as well as, financial decisions, and it is time that we acknowledge the same. In order to ensure the financial safety of all the family members, it is advisable to purchase a term plan for women. Such an insurance plan will help the family to meet specific financial obligations if the ‘woman of the house’ passes away untimely.
A term plan is an insurance plan, which gives the benefit of growing the corpus for a specific duration. In case of death of the policyholder, the sum assured will be paid by an insurer to his nominees. The policyholder needs to pay a fixed amount of premium for a specific period. If the policyholder survives the term plan, he does not receive any maturity benefits. A term plan is highly affordable and cost-effective. Term insurance for women should be seen as financial protection for the uncertainty in life. The term plan for women is no different from a regular term plan. However, this plan aims to provide for the financial security of the family members if the woman was a key earning family member.
As a responsible woman, you need to understand the benefits of term insurance. The loss of a loved one is irreplaceable and whether you are a homemaker or a working woman, nothing will fill the void in your life. However, all the responsibilities will come on your spouse and his life will be burdened with additional financial responsibilities. Moreover, he will have to take up extra personal responsibilities such as single-handedly taking care of parents or children. This will also have an impact on his working life. With the help of a term plan for women, he can take care of financial obligations like long-term education expenses or loans. This plan will ensure that there is no requirement to borrow funds to meet monthly expenses. It will also help cut down on your husband’s working hours and thereby give a safety cushion to your family when you are not around.
Listed below are some important benefits offered to you in a term plan for women.
It is advisable to compare all the available options before you choose a term plan online. Simply visit the website of various insurance companies and check the features offered by them. Do a thorough comparison among insurance providers before making a decision. It is important to consider your goals when buying a term plan. Doing this will help you to select a plan that perfectly fits your needs.
Ref. No. KLI/22-23/E-BB/492
