Women's Insurance Plans

3 Reasons Why Women Need An Insurance Plan

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  For Your Family

  These days most families have two working parents. As an active contributor to your family’s income, it’s important that you back-up the income that you bring in. Since both you and your spouse play an essential role in the financial security of your family, you should both be insured. Taking out a life insurance policy for yourself will ensure that your loved ones' futures are secured in the case of premature death or disability.

  For a stay-at-home mom, a lot of time, money and effort go into running your household. Finding someone to manage the household in your absence would cost your family much more than it does currently and it’s necessary to plan for those added expenses. Even if your spouse were to stay home to watch the children and take care of the house, that would require a break from work or shorter shifts, which again means a decrease in income.

  Women Life Insurance can benefit single women as well. It’s often overlooked that debts such as loans and taxes would fall on family members if something were to happen to you. An insurance plan can provide your family with the funds needed to pay off these debts.

   

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  For Yourself

  If you’re a single woman living independently, it pays to be prepared for a situation in which you will not be earning an income. For instance, in the event that you are struck by illness or need to take a break from work for any reason, having an insurance policy would come in handy.

  Today, it’s not uncommon to find a woman running her own business or a woman holding an important position in a privately held business. So if you’re one of these women, it’s important for you to get insured to make sure your business will keep on running, even when you are no longer around.

  When we think of life insurance, we generally think of the worst case scenario. However, chances are that you could live to a ripe old age and have the retirement you always imagined. Whether you’re single or married, there are definitely some retirement goals that you’ve set for yourself – it may be a long cruise, a fancy car or just to travel as much as possible. Investing in life insurance now could mean living out your most extravagant retirement dreams, when the time comes.

   

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  Wealth Creation

  Whether it’s a new business venture, a wedding or perhaps a new addition to the family, there’s no telling what the future holds. Investing in a life insurance plan today can help you build up a corpus to meet future requirements or goals such as buying your own home, a car or preparing for a child’s higher education. What’s more, this investment in financial security comes with the added benefit of tax savings.

  At HDFC Life, we understand that the financial needs of women are unique from those of their male counterparts. As a woman you may undertake a number of responsibilities domestically and professionally. That’s why we offer customised life insurance solutions for women to secure their own financial independence and that of their families. Start investing today, for the protection of your financial future and to gain peace of mind.