When you think of a term plan, one of the most obvious reasons to purchase a term plan is if you are the only breadwinner of your family. In such cases, your loved ones depend on you for their survival and would need backup funds if you were no longer around to cover their requirements. However, the reality is quite different.
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The term insurance benefits are not limited to the individuals earning for their loved ones but also to those who are the homemakers of the family-like housewives. A Tata AIA term insurance for Housewife is one of the most important insurance products as it can offer you various benefits as discussed in the article:
Note: Know more about what is term insurance first before reading this article.
Term Plans
With the increasing health care and living costs and the increase in cases of terminal illnesses, the need to insure the non-earning members of the family increases multiple times. With a Tata AIA Term plan for housewives, you can help your family financially and emotionally in your absence. The payout from the plan coverage can be used to maintain the household and provides help with children’s education and take care of their health.
A term insurance plan for housewife comes with a number of following benefits:
You can buy an online term plan at affordable premium rates without any hassles. Term insurance plans are very cost-effective and provide you with a good money value. The sooner you buy a term plan; the lower the premium amount you have to pay as the premium increases with the increase in age. So, it is advisable to opt for a term plan at younger ages.
Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.
You can buy a high life cover at low rates of premium as a term insurance plan comes with no investment element. The full premium is then invested for the SA that is paid to the beneficiary/nominee upon death during the plan tenure.
The term insurance plan for housewives offers benefits to the children’s well-being, helping them to guarantee their future without having a considerable amount of financial stress. Buying a term plan for a housewife secures your children’s future.
Flexibility to choose premium payment mode such as single, yearly, half-yearly, quarterly and Monthly
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Tata AIA Sampoorna Raksha Supreme (SRS) is an insurance plan that provides financial security to your loved ones and provides you the flexibility to choose the term plan that suits your needs.
Flexibility in choosing death benefits options from Life option, life plus option, Life Income, and Credit Protect
You can get death benefit as a lump sum or income or as a combination of both
You can choose to increase life cover through top-ups
Option to increase life cover at important stages of life using life stage death benefit option
Low premium rates for females
Flexibility in choosing premium paying term and policy term
Extra payout on accidental disability and death
Cover against 40 critical illnersses
Early payout on terminal illness
Minimum Entry Age | 18 years |
Maximum Entry Age | 55 years |
Maximum Maturity Age | 65 years |
Plan options | Life option Life Income Life Plus Option Credit Protect |
Policy Term | 10years to 47 years |
Maximum Sum Assured | 50 Lakhs |
Here is a step-to-step guide to buy a tata AIA term plan from Policybazaar:
Step 1: Visit the Term Insurance Plan for Housewife Form
Step 2: Fill in all the required details like name, contact number, and date of birth. Then, click on ‘View Plans’.
Step 3: Answer the basic questions about occupation type, annual income, educational, qualification, and smoking habits.
Step 4: After submitting all this information, a list of all available term insurance plans for housewives will be displayed
Step 5: Select the Tata AIA Term insurance using the filter option
Step 6: Then, proceed to pay if the plan suits your requirements.
We have already answered ‘Can a Housewife buy a Tata AIA term insurance plan in India?’ So, you now are aware that housewives play an important role in making the lives of their families secure and stable. With the help of Tata AIA term insurance plans, they can help their dependents financially even after they are not with them. So, buy the term insurance plan for a housewife to secure your family in the long run.
Note: Check out the best term insurance plan in India and choose one that suits your requirements.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.