No relevant search results found.
Language
Thank you for sharing your details. To receive a call from Tata AIA Financial Advisor.
reCAPTCHA is not working.
Call us
FOR EXISTING POLICY
FOR NEW POLICY
Success
Your details have been successfully submitted. A representative from Tata AIA Life Insurance will call you soon.
Failed
There was some error in submitting details please try again
Life Insurance Plans for Women
Women take on multiple roles and responsibilities today and become their family’s primary breadwinners. However, when it comes to life insurance, not many are aware of how important it is for women. In unforeseen situations, life insurance for women can eliminate the financial stress a woman’s family may undergo in the woman’s absence.
Importance of Life Insurance for Women
-
![]()
Financial Security
In case of any unfortunate event, your life insurance plan will pay out a death benefit to your family that will help them sustain their livelihood. This ensures that all their dreams are fulfilled even when you are not around.
-
![]()
Long-term Savings
A life insurance policy helps you save money for your future goals. That way, you need not depend on loans and credit for funding your future financial commitments, such as caring for your parents and children or starting a new venture.
-
![]()
Debts and Liabilities
In case you have unpaid loans and debts, in your absence, the burden of repaying these debts should not fall on your loved ones. The policy cover can protect their life savings by taking care of these loans and debts.
-
![]()
Retirement Planning
As a woman, planning your own retirement gives you greater financial independence to acknowledge your needs at the later years of your life. With adequate financial resources during retirement, you can support your wellbeing and be a support to your family.
-
![]()
Medical Emergencies
In times of medical emergencies, your life insurance can protect you and your family against critical illnesses, accidental death, disability, etc., if you add the necessary optional riders to your insurance plan.
-
![]()
Income Tax Benefits
You can get income tax# benefits on the premium amount paid and maturity benefits received on your life insurance policy.
.svg)
-
![]()
Types Of Life Insurance for Women
These are the different types of life insurance plans that should be availed of by women who have different life insurance needs, be it for their personal goals or protecting their family’s interests:
Term Plans
A term insurance plan is essential for a woman because it offers extensive life cover for her and her family at very affordable premiums than men. Since term plans are easily customizable and come with simple underwriting guidelines, such a policy can help women safeguard their family’s financial interests with ease. Moreover, women lives have a lower premium while applying for Term Insurance.
In the event an untimely demise during the policy term, a woman can ensure that her family is financially secure and their goals are fulfilled. For instance, if a working woman whose is a contributor to her family’s income passes away during the policy term, the sum assured of her policy can act as an income replacement.
The sum assured from a Tata AIA Life Insurance term insurance plan can help fund her children’s education, supplement her spouse’s income and enable her parents to procure senior health assistance.
Savings Plans
Savings plans offer a maturity benefit and a death benefit under the same policy, as applicable. You can choose between a money-back plan or an endowment plan, depending on how you want to save money and receive benefits basis your future goals and your family’s future financial needs.
Money-back plans are helpful if one needs to fulfil their short-term goals as a survival benefit is paid out at regular intervals during the policy term. And if one survives the policy term, all the premium amount will be paid out as a maturity benefit. Thus, a woman can make other investments with this corpus or utilize the funds for purchasing a dream home, a car, a gift, a vacation, etc.
Meanwhile, endowment policies are savings plans that pay out a lump sum benefit on maturity and offer life cover protection to your loved ones. Endowment policies are beneficial for fulfilling long-term goals that need lump sum funding, such as your child’s further education, a new business venture, geriatric care for your parents and so on.
When you buy an endowment policy, you can start saving a certain amount of money in the form of premiums each month, quarter or on an annual basis. When it comes to the life cover under the Tata AIA Life Insurance savings plans, in case of your untimely demise before the policy maturity, your family will receive financial assistance in the form of the death benefit sum assured. With Tata AIA Fortune Guarantee Supreme, women insured get a 2% discount on 1st first year premium.
Unit-Linked Insurance Plan (ULIP)
A Unit-Linked Insurance Plan or ULIP offers the dual benefit of a life cover and market-linked$$ returns under a single policy. As a working woman, one can choose to invest in a range of ULIP funds per their investment goals and tenure and protect their family’s financial future in case of an eventuality.
With regular investment in her choice of funds, a woman can steadily create investment opportunities to earn market-linked returns on maturity. Moreover, after the mandatory ULIP lock-in period of 5 years, the partial withdrawal facility gives her access to immediate funds that may be used to fulfil any emergency needs.
Tata AIA Life Insurance wealth creation solutions offer a fund-switching feature wherein you can switch from one fund to another in case you are not satisfied with your current fund performance. This can help you align your investments with your expected returns and make the most of your ULIP.
Retirement Plans
Women also need to start planning their retirement in their 30s so that they can lead a financially secure life during their golden years. A retirement plan ensures that women can start saving for their future during their active service years and receive financial benefits when they retire.
When planning for retirement, it is essential to determine how much life insurance coverage and funds will be necessary for the future. Hence, consider the rate of inflation while planning your retirement. This will also help you select which type of retirement plan is most suitable for your needs.
Under an immediate annuity, you can invest a lump sum amount in the policy and receive the regular payouts soon after retirement. In contrast, the deferred annuity enables you to get a regular income after a fixed interval. Tata AIA Life Insurance retirement plans offer flexible life insurance coverage on both annuity plan options – an immediate and deferred annuity.
Tata AIA Life Insurance plans are also flexible regarding including optional riders^^ in your life insurance policy. By paying an additional but nominal premium, you can get specific coverage for risks, such as critical illnesses, hospitalisation, accidental death, disability and much more!
Popular Tata AIA Products for Women
A Non-Linked Non-Participating Individual
Life Insurance Plan (UIN:110N160V03)
Tata AIA
SRS Vitality Protect
Empower yourself with financial security and protect your loved ones with our bestselling term insurance plan.
-
Two Plan Options
-
Life – Only death benefit to nominee
Life Plus – ROP on survival; death benefit to nominee
-
Minimum Entry Age
18 Years
-
Policy Coverage
Get cover up to 100 years of age
- Key Features
-
Preferential rate for Female Lives
10% Guaranteed Discount^ on 1st year Term Booster (rider) premium
Cover Boosters^ - Rider Sum assured can be increased by up to 30% after payment term
Solution Composition
Tata AIA SRS Vitality Protect is a term solution which includes Tata AIA Life Insurance Sampoorna Raksha Supreme, a non-linked, non-participating, individual life insurance plan (UIN: 110N160V03) and Tata AIA Vitality Protect, a non-linked, non-participating, individual health rider (UIN: 110B046V01). Tata AIA Life Insurance Sampoorna Raksha Supreme is also available individually for sale.
Individual, Non-Linked, Non-participating,
Life Insurance Savings Plan (UIN110N163V04)
Tata AIA
Fortune Guarantee Supreme
*T&C apply
-
2 Plan Options
Immediate Income
My Income – lump sum maturity benefit
-
Minimum Entry Age
30 Days
- Key Features
-
2% upfront discount on first year premium for Women
Additional 2% discount on policies purchased online
Get Guaranteed* income starting from 1st month
Get Income Tax# benefits up to Rs 46,800++
In this policy, the investment risk in
investment portfolio is borne by the policyholder
Tata AIA
Param Rakshak III Solution
-
Top rated funds
All funds rated 4 or 5 stars$ by Morningstar~
-
Flexi premiums
Limited pay: 5/10/12 years or Regular pay
-
Inbuilt coverage for
Accidental Death
Accidental Total and Permanent Disability
Terminal Illness
- Key Features
-
Up to 2% discount on Premium each year for women
Up to 21% higher fund value for women
Double benefit@ in case of Accidental Death or Total and Permanent Disability in public transport
Withdraw at no cost - Partial withdrawals are allowed after 5 years without any charge.
Solution Composition
Param Rakshak III solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN: 110L156V02) and Tata AIA Vitality Protect Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V01). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
A Non-Linked, Non-Participating,
Annuity Plan (UIN:110N161V06)
Tata AIA
Fortune Guarantee Pension
**T&C apply
-
Minimum Premium Payment Term
-
Single Pay – 1 Year
Regular / Limited Pay – 5 years
-
Get income as per need -
Monthly/Quarterly/Half Yearly/Annual
- Key Features
-
Get guaranteed** regular income for your retirement
Single and Joint life option
Get Tax Benefits# as per applicable tax laws
Multiple options are available in this plan: Immediate Life Annuity| Immediate Life Annuity with Return of Purchase Price| Deferred Life Annuity (GA-I) and with Return of Purchase Price| Deferred Life Annuity (GA-II) and with Return of Purchase Price.
-
![]()
Why women need life insurance?
Financial Safety Net
Life insurance coverage can secure your family, especially your children or aged parents, in your absence. Instead of borrowing money or taking a loan, the sum assured paid out to them can fulfil all their essential and emergency needs.
Preferential Premiums
Women policyholders can avail preferential premium rates on their Tata AIA Life Insurance policy. This helps them save more money on premiums which can help them boost their other savings and investments.
Retirement Strategy
A savings or retirement plan can efficiently help you save for your future and meet your financial commitments without hassles. Tata AIA Life Insurance plans also allow you to choose between a lump sum or a regular income payout.
Tax Benefits
You can claim tax# deductions on the premiums paid on your life insurance policy under Section 80C of the Income Tax Act. Moreover, the death benefit paid out to your beneficiaries in case of your untimely demise will also be tax-exempt under Section 10(10D) of the Income Tax Act.
Settle Debts
A life insurance policy can be extremely beneficial if you have unpaid debts and loans. Your family should not have to shoulder the burden of paying off these debts in your absence. The life insurance sum assured can be used to pay off these debts and support your family in need.
Factors to Consider While Purchasing Life Insurance for Women
-
01
Your Insurance Needs
The number of dependents in your family and your financial obligation towards them can help you choose the coverage for your policy. Seek a term plan for greater coverage with affordable premiums, a savings plan for long-term savings, a ULIP for long-term investment goals and retirement insurance plans to save money for your golden years.
-
02
Life Stage Needs
Your financial responsibilities increase at different stages of life and so should your policy’s coverage. The Tata AIA Life Insurance Life Stage option helps you increase your coverage at important milestones like marriage, childbirth, etc. -
03
Policy Term
Opt for a plan that enables you to select a policy term as per your needs. You can either fix a tenure of up to 40 years on your policy or go for whole life insurance coverage up to 100 years of age. -
04
Claim Settlement Ratio
Ensure that your insurer’s claim settlement ratio (CSR) is high, as it is a crucial indicator of efficient claim settlement. With Tata AIA Life Insurance’s Individual Death Claim Settlement Ratio of 99.01% for FY2022-23~~, you can opt for any life insurance policy of your choice.
Frequently Asked Questions (FAQs) About Life Insurance for Women
Why should a woman purchase life insurance?
A life insurance policy is important for everyone, especially for women, since they also take up a major chunk of their personal and financial responsibilities. By purchasing a life insurance policy, a woman can protect her family from financial insecurities that may arise due to her death or an accidental disability.
How to determine the required life insurance coverage for women?
A woman can determine her policy's necessary life insurance coverage based on her needs. Calculating the Human Life Value (HLV) is another way of calculating life insurance coverage, wherein one can compute the current value of profits, expenses, debts and savings. This method can help you determine the amount needed to secure your family’s needs in your absence.
You can also use any of our Tata AIA Life Insurance calculators to get a fair idea of the premium you need to pay for a desired amount of coverage and adjust the variables accordingly.
Why do housewives need to have a life insurance plan?
Since housewives take on a lot of household responsibilities that cannot be computed on a monetary basis, a life insurance plan, such as a term plan, is a must for her. This is because the whole family depends on her to manage the house and the family and plan the finances.
In her absence, finding help to fulfil these responsibilities requires extensive financial assistance. Hence, homemakers must have a term insurance policy.
Is it expensive to purchase life insurance for women?
No, life insurance for women can be quite affordable as Tata AIA Life Insurance offers preferential premium rates for women policyholders.
Can a homemaker get a life insurance plan?
Yes, a homemaker can opt for a life insurance plan, such as a term plan that offers extensive life insurance coverage or a savings plan that can help one save a financial corpus for the future.
What should be the policy term for life insurance for women?
The policy term for your life insurance policy can be as flexible as you want it to be. Since some Tata AIA Life Insurance plans offer whole life coverage of up to 100 years, you can opt for the same and enjoy uninterrupted coverage for your entire lifetime without the hassle of renewals and new policy purchases.
What are the tax benefits of purchasing life insurance for women?
Women can claim tax# deductions on their policy premiums under Section 80C of the Income Tax Act, while the death benefit paid out on the policyholder’s demise is tax-exempt under Section 10(10D) of the Income Tax Act.
The maturity benefits on a savings plan and Unit-Linked Insurance Plan are also eligible for the Section 10(10D) exemption, subject to certain policy terms and conditions.
How can women save money on their life insurance plan premiums?
Tata AIA Life Insurance offers lower premium rates to women policyholders. However, you can also save money on your life insurance premiums by using our Tata AIA Life Insurance premium calculator, which helps you choose adequate coverage and pay reasonable premiums.
Should women consider purchasing a joint life insurance policy with their spouse or have a separate life insurance plan?
While having a joint life insurance policy with one’s spouse is suitable, women should also have a separate life insurance plan that is customized to suit their individual needs and where they are the primary policyholder.
For instance, they can select a sum assured and a policy term of their life insurance plan based on their financial goals that will be different from the coverage and policy tenure of the joint life insurance policy.
Can women purchase life insurance if they are self-employed?
Yes, life insurance is accessible to and necessary for self-employed women who want to secure their families from unforeseen financial risks such as debts, other liabilities and financial emergencies in their absence.
Can women with pre-existing health conditions purchase life insurance?
Women with pre-existing health conditions can avail of life insurance policies. However, as per the policy guidelines, there may be a waiting period for the pre-existing disease, after which the policy coverage and benefits will be active.
It is also necessary to select a life insurance policy that offers coverage for your pre-existing health condition and related conditions to secure yourself and your family against financial uncertainties.
How do women determine the right life insurance policy for their financial needs?
Women can pick the right life insurance policy based on their own and their family’s financial needs. For instance, if one only needs pure and extensive life cover for their family’s financial security, a term plan with adequate coverage can be a suitable choice. However, if the woman wants to plan her future savings in advance, a savings plan such as an endowment or money-back policy can be a good option.
Disclaimer
- Tata AIA SRS Vitality Protect is a term solution which includes Tata AIA Life Insurance Sampoorna Raksha Supreme, a non-linked, non-participating, individual life insurance plan (UIN: 110N160V03) and Tata AIA Vitality Protect, a non-linked, non-participating, individual health rider (UIN: 110B046V01). Tata AIA Life Insurance Sampoorna Raksha Supreme is also available individually for sale.
- This plan offers pure risk premium option under Life Option and return of premium benefit under Life Plus Option along with other benefits. Please refer sales brochure for complete details
- The complete name of Tata AIA Non-Linked Comprehensive Protection Rider is Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V02 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider.
- Param Rakshak III solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN: 110L156V02) and Tata AIA Vitality Protect Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V01). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
- The complete name of Tata AIA Fortune Guarantee Pension Plan is Tata AIA Life Insurance Fortune Guarantee Pension Plan (UIN:110N161V06) - A Non-Linked Non-Participating Individual Life Insurance Plan
- ~~72,34,092 families protected till 31st March 2023.
- **Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
- #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment 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 on this site. Please consult your own tax consultant to know the tax benefits available to you.
- $$Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
- ^^Rider 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.
- ^On enrolling into the Wellness Program, you get an upfront discount of 5% on 1st year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on 1st year premium for Term Booster, CritiCare Plus, Accelerated CritiCare, Multistage CritiCare, Cancer Care, Cardiac Care. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the Up-front Rewards and Annual Rewards Flex together or Cover Booster (applicable post premium payment Term) shall be 15% for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
- Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited.
- The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
- *Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen.
- ++Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- $All funds open for new business which have completed 5 years since inception are rated 4 or 5 stars by Morningstar on a 5 year basis as of Mar’2023
- ~©2020 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar); (2) may not be copied, redistributed or used by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from the data published on various dates and procured from various sources and (5) shall not be construed as a n offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any traducing decisions, damages or other losses resulting directly or indirectly from the information.
- @Refer rider brochure for details
- **The word Guaranteed and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).
- ##Individual Death Claim Settlement Ratio is 99.01% for FY 2022 - 23 as per the latest annual audited figures.
- This product is underwritten by Tata AIA Life Insurance Company Ltd.
- Insurance cover is available under this product.
- This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
- The product brochure should be read along with Benefit Illustration.
- Risk cover commences along with policy commencement for all lives, including minor lives.
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
- In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
- All Premiums and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
- Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any).
- Please know the associated risks and the applicable charges, from your Insurance Agent or the Intermediary or Policy Document issued by the Insurance Company. Please make your own independent decision after consulting your financial or other professional advisor.
- The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
- The solution is underwritten by Tata AIA Life Insurance Company Limited. The solutions are not guaranteed issuance solutions and it will be subject to Company’s underwriting and acceptance.
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than all the premiums paid. Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.
- The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the “Company”). Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Smart Sampoorna Raksha is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
- Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any). Life insurance cover is available under the solution. For details on products, associated risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
- L&C/Advt/2023/Jul/2036
