The best time to buy a term insurance plan isn’t later, it’s now. No matter where you are in life, securing your future early means better coverage at lower premiums. Here’s how a term plan supports you across different life stages:
In your 20s: Starting your career
Just entered the workforce? Great! This is when premiums are lowest. Buying a term insurance plan for working women at this stage helps lock in affordable rates and builds a solid foundation for your financial future.
In your 30s: Planning a family
Whether you're married, expecting a child, or thinking about it, a term plan ensures your loved ones are protected, no matter what happens. Some women-centric term insurance plans even offer critical illness riders to help you cover health-related risks.
In your 40s: Juggling responsibilities
From home loans to school fees, this is often a high-expense phase. Term insurance ensures your family’s lifestyle isn’t compromised in case of an unexpected event.
As a single parent or stay-at-home mom
Even if you’re not earning, your role is invaluable. A term insurance policy for women can help your family afford the care and support they’d need in your absence.
The earlier you invest in a term plan, the greater the peace of mind, because you’re not just insuring your life, you’re protecting everything you work so hard for.
Here’s why more and more Indian women are choosing to invest in term plans not just as a financial tool, but as a form of self-assurance:
Low Premiums, High Coverage
Women often enjoy lower premiums than men for the same sum assured, making term insurance for women a cost-effective way to secure peace of mind.
Protects Your Loved Ones
Whether you’re a working professional or a homemaker, your contribution matters. A term plan ensures your family’s financial future is secure, no matter what happens.
Customisable Plans
From critical illness riders to flexible payout structures, today’s women-centric term insurance plans let you choose coverage that matches your life stage and needs.
Tax Benefits*
Premiums paid toward your term plan may be eligible for deductions under Section 80C of the Income Tax Act, offering you savings alongside security.
Financial Independence
Buying your own life cover is a powerful step toward financial independence for women. It means you’re not relying on someone else’s policy, you’re protecting your own future.
Peace of Mind, Always
Above all, term insurance is about knowing that the people you love will be okay, even if you’re not there to provide for them. That kind of confidence is priceless.
Every woman’s financial goals and family responsibilities look different, so the best term insurance plans offer flexible payout options to suit your needs. Here’s a quick breakdown:
Lump Sum Payout
Your nominee receives the entire sum assured as a one-time payment. Ideal if your family needs to pay off debts or make large expenses like education or housing.
Monthly Income Payout
The claim amount is paid out as a fixed monthly income over a chosen period. This helps your family manage day-to-day expenses without financial stress.
Lump Sum + Monthly Income
A combination of the two: part of the amount is paid immediately, and the rest as regular income. It offers both security and structure, great for single mothers or families with dependents.
Increasing Monthly Income
Some plans even offer increasing income payout options to beat inflation. It’s especially useful for long-term planning for women who want to future-proof their loved ones.
When choosing a term insurance plan, think not just about how much to cover, but how that money would best serve your family in real life.
Yes, absolutely. While the ABSLI Salaried Term Plan is designed for salaried individuals, other term plans are available for self-employed women. Your income proof and age will help determine eligibility and the premium.
It depends on factors like your age, sum assured, and health history. For younger women opting for lower coverage, some insurers may waive off medicals. For higher coverage or if you have pre-existing conditions, a medical exam may be required.
Most term plans offer a grace period (typically 15–30 days) to make your payment. If missed beyond that, the policy could lapse. Some plans offer revival options within a specific period after lapse.
Yes, provided the household has an earning member and meets insurer eligibility criteria. Some insurers offer limited coverage for homemakers, usually based on the spouse's income or financial dependents.
No, one of the key benefits of term insurance is that your premium remains fixed throughout the policy term once the plan is issued.
Yes. You can change your nominee at any time during the policy term by submitting a simple request to your insurer.
While the core benefits are similar, women often enjoy lower premiums due to statistical life expectancy differences. Some plans also offer added benefits or discounts exclusively for female policyholders.
Yes. Employer coverage is often limited and may end when you switch jobs. A personal term plan ensures continuous, adequate protection on your own terms.
Yes. You can nominate any person you have an insurable interest in, this includes children, spouses, or even ageing parents who depend on you financially.
A critical illness rider provides a lump sum payout on diagnosis of covered illnesses, useful for treatment or income replacement. A health insurance policy, on the other hand, reimburses hospitalisation and medical bills.
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details
Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
¹LI Age 21, Female, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6300/- ( which is ₹ 525/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ABSLI Salaried Term Plan - This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan. UIN:109N141V04
For further details regarding the above-mentioned rider, please refer to the respective rider brochure(s) available on our website.