The Indian insurance industry has taken significant steps in recent years to enhance the accessibility and affordability of term insurance for women. Tailored solutions are continuously being developed to address the diverse needs of both homemakers as well as working women effectively.As homemakers add financial value to their households and the future of their dependents need to be secured, independent term plans are a big safety net for them. Historically, homemakers relied on their spouse’s financial standing for a life cover, often resulting in inadequate coverage.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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