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More women increasingly make their own decisions while purchasing term insurance policy: Report
More women increasingly make their own decisions while purchasing term insurance policy: Report
Source: Mint Sep 20, 2023
One of the most common myths about women’s relationships with money is about their dependence on family members for financial planning. In contrast to the perception, more women are now opting for term life insurance by themselves, according to a recent data analysis by PolicyBazaar.
Term life insurance is gaining popularity among homemakers, despite the fact that they don't have any fixed source of income. The data found that 45% of homemakers are actively involved in the decision-making process with their husbands when purchasing term insurance for themselves.
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