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Women play a very important role in society. They are all-rounders in making a family life fruitful and purposeful. Women regulate family expenses, manage financial commitments, and plan for long-term obligations along with their life partners. They contribute to the family's financial resources with their physical and moral support. Their absence in a family is crucial and needs to be insured. Term insurance is an ideal option. Here, we shall discuss the significance of life insurance for women.
A term plan is a complete solution for a death benefit. It will serve as financial protection to the family at different stages in life. Let us understand the importance of term insurance for women in detail.
Many of us generally do not realize the worth of women in the family. When there is an unexpected demise of the woman, the family's daily routine is affected. Children suffer a lot emotionally. If she were a single woman and the only breadwinner in the family, the demise would cause a financial crisis that is not easily recoverable. Term insurance for women with the necessary rider benefits will help a family handle such situations at best. Taking precautions for financial protection is better than facing the consequences of uncertain incidents. Hence, as a primary and practical responsibility, a woman must purchase term insurance.
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* Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you
1Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch
Insurance cover is available under the product.
The products are underwritten by Tata AIA Life Insurance Company Ltd.
The plans are not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
This blog is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. The information is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.
Every effort is made to ensure that all information contained in this blog is accurate at the date of publication, however, the Tata AIA Life shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating to this material.