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Why Indian women should invest in life insurance

Life insurance is cheaper for women than for men in India. According to statistics, female life expectancy is about 5-7 years longer. Thus, insurance rates for women are slightly lower than for men, as they can save longer spending little money from the family budget, writes the Times of India.
Why Indian women should invest in life insurance

More female city dwellers buying products like Unit Linked Insurance Plans or ULIP. Many housewives and single mothers are life insurance companies’ clients apart from working women today.

Women buy life insurance policies because of many potential problems. Thus, the situation when only one adult provides for the whole family can be a big problem. After all, if something happens to him or as a result of disability, he is unable to continue working all other family members find themselves in a risky position. It is the same story if a person takes a large amount of money on credit, for example, a mortgage. In this case, the financial burden falls on the shoulders of his relatives.

Pregnant women usually opt for term life insurance. Expectant mothers have more than enough worries, such as excitement for the upcoming labor, their own health and health of the child. But this is a time when peace is more important than ever. When mothers-to-be have term insurance policies, it is easier for them to cope with anxiety. This insurance type is especially suitable for those whose work or hobby is associated with a high probability of injury. This category also includes children whose excessive activity in kindergarten, yard or school can lead to injury. In all of the above situations, this insurance policy will not be superfluous.

Source: https://timesofindia.indiatimes.com/blogs/voices/why-women-should-invest-in-life-insurance-here-are-few-tips/

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