What is Term Insurance for Housewives?
Term insurance for a housewife is a life insurance plan that provides a sum assured to the nominee in case of the unexpected death of the housewife during the policy term. Term insurance plans provide a higher sum assured at an affordable premium rate.
In addition, term insurance plans provide various flexible features to customize them for individual financial needs. For example, the proceeds from the term insurance policy can be payable as a regular income, lump sum, or a combination of both. Therefore, upon the unexpected death of the housewife, the family will receive a regular income for a defined income period to help manage the family finances.