Aditya Birla Sun Life Insurance Company Limited

ABSLI Salaried Term Plan

A small first step. A giant leap in protection

9% Salaried employee discount for Women on premium paid for the 1st year

Life Cover upto 75 years

Buy ₹1 Crore Term Insurance at Just ₹525/month¹

Term Insurance for Women

When it comes to financial planning, women often put themselves last, balancing responsibilities, nurturing dreams, and caring for loved ones without always safeguarding their own future. But life can be unpredictable. That’s why term insurance for women isn’t just a policy. It’s a promise of protection, peace of mind, and power.
Whether you're a working professional, a stay-at-home mom, or a single parent, a term plan ensures that your family’s financial needs are covered, even if life takes an unexpected turn. And the best part? Today’s term insurance plans are not only affordable but also tailored to support the unique journeys and responsibilities of women.

What is Term Insurance for Women?

Term insurance for women is a type of life insurance that provides financial coverage for a specific period, also known as the “term.” If the policyholder passes away during this term, the insurer pays a lump sum amount (called the death benefit) to her nominee. This payout can help cover daily expenses, child education, outstanding loans, and other future needs.
Many women-centric term insurance plans come with added features such as lower premium rates, critical illness riders, and maternity benefits. These plans are designed to offer financial protection for women while addressing the unique health risks and life stages they go through.
In short, it’s a smart, low-cost way for women to secure their family’s future and their own peace of mind.

When Should Women Buy a Term Plan?

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:

IconBullet

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.

IconBullet

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.

IconBullet

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.

IconBullet

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.

Who Should Buy a Term Plan?

Wondering if term insurance is for you? If any of these sound familiar, it might be time to act:

The Independent Professional
You’re building your career, paying EMIs, supporting your parents, and you don’t want your family to bear your financial burdens. A low-premium term plan for women offers long-term peace of mind.

The Sole Breadwinner
Your family relies entirely on your income. A term plan acts as a financial protection shield, ensuring their future stays intact, even if you're not around.

The Stay-at-Home Mom
You may not bring home a paycheck, but your contribution is priceless. Term insurance helps cover the costs of caregiving and household support that your family would otherwise have to manage.

The Single Parent
You’re your child’s world, and sole support system. A term plan for single mothers secures their future, covering expenses like education, rent, and daily needs.

The Woman With a Health History
If there’s a history of illness in your family, adding a critical illness rider to your policy can be a game-changer. Early planning gives you better access and lower costs.
Every woman’s journey is unique, but what connects us is the desire to protect those we love. And that’s exactly what term insurance is designed to do.

What Are the Benefits of Term Insurance for Women?

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:

IconBullet

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.

IconBullet

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.

IconBullet

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.

IconBullet

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.

IconBullet

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.

IconBullet

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.

How Much Term Insurance Cover Do I Need?

When it comes to term insurance for women, many tend to underinsure, choosing a basic sum just to “tick the box.” But if the goal is to truly safeguard your family’s future, it’s worth asking: Would this amount actually sustain them in your absence?

Let’s put it in context. With the rising cost of living in India, especially in cities, even basic expenses like rent, groceries, education, and EMIs can run into lakhs every year. A term plan should not just replace your income, it should cover:

● Your family’s regular monthly expenses
● Long-term financial goals (like your child’s education or a parent’s healthcare)
● Outstanding loans and liabilities
● A buffer for inflation

A good rule of thumb?
Aim for a cover that’s at least 10–15 times your annual income. So, if you earn ₹8 lakhs a year, your term plan coverage should be ₹80 lakhs to ₹1.2 crore. And remember, affordable term insurance for women makes it possible to get higher coverage without breaking the bank. When in doubt, it’s wiser to aim higher.

What Are the Payout Options in Term Insurance for Women?

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:

IconBullet

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.

IconBullet

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.

IconBullet

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.

IconBullet

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.

How to Choose the Right Payout Option?

Choosing the right payout option depends on who you’re protecting and how you want them to be supported. Here’s a simple way to think through your choice:

  • If your family is financially savvy or has big one-time expenses (like a loan or home purchase), a lump sum payout might be ideal. It gives them immediate access to the full amount.
  • If your family relies on your monthly income, a regular income payout can help replace that stability, especially for homemakers, single parents, or those with dependent siblings or ageing parents.
  • Want the best of both worlds? Opt for a combination payout, where a portion is paid upfront and the rest in instalments. This is perfect for families who need some flexibility while adjusting to a new financial routine.
  • Concerned about inflation? Look for term plans that offer increasing monthly payouts, so your loved ones aren’t stuck with a flat amount while costs rise year after year.

Your lifestyle, dependents, and future goals should all shape this decision. Don’t just go with the default. Instead, choose a payout that truly fits your life and your loved ones’ needs.

Why Women Need the ABSLI Salaried Term Plan

Women today are not just managing homes! They’re building careers, supporting families, and making independent financial decisions. The ABSLI Salaried Term Plan is designed to match that reality. It offers flexibility, enhanced protection, and features that truly support the modern Indian woman’s journey, whether she’s a salaried professional, a single parent, or the family’s main provider.
Here’s what makes it a smart choice:

Feature

What It Means for You

Exclusively for salaried individuals

Tailored for working women seeking affordable yet high-coverage life protection

One-time discount of up to 9% for women

Enjoy lower first-year premium rates, because your protection shouldn’t cost more

4 Plan Variants

Choose a plan that fits your lifestyle and life goals

Flexible Death Benefit Options

Opt for a lump-sum payout or a monthly income (fixed or increasing), depending on your family’s needs

Return of Premium Option (ROP)

If you outlive the policy term, you can get back the premiums paid (ideal for those who want savings + security)

Inbuilt Terminal Illness Benefit

Offers early support during a medical crisis

Optional Cover for 42 Critical Illnesses

Add enhanced protection for health uncertainties, tailored to women's health concerns


Bonus Tip : Premiums paid are eligible for tax benefits* under Section 80C, and the death benefit is generally tax-free under Section 10(10D)**, subject to conditions. The ABSLI Salaried Term Plan is not just a safety net. It’s a strategic tool to protect your income, dreams, and dignity.

Documents Needed for Term Insurance for Women

Document

Purpose

Identity Proof (Aadhaar card, PAN card, Passport, etc.)

To verify your identity

Address Proof (Utility bill, Aadhaar, Voter ID, etc.)

To verify your current residence

Income Proof (Salary slips, bank statements, Form 16)

Helps determine your eligibility and sum assured

Age Proof (Birth certificate, Aadhaar, PAN, Passport)

Ensures age accuracy for premium calculation

Medical Reports (if required based on age/sum assured)

For underwriting and risk assessment


Pro tip : Keeping digital copies ready can speed up the application process significantly.

Ready to Protect Your Future?

Every woman’s life is full of ambition, love, and responsibilities. Whether you’re climbing the corporate ladder, raising a family, or doing both, you deserve the peace of mind that comes from knowing your future is secure.
With the ABSLI Salaried Term Plan, you’re not just buying insurance, you’re taking charge of your financial freedom, your family’s safety, and your dreams.

FAQs

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.

*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.

whatsapp-imagewhatsapp-image