Most women believe in saving for a rainy day, yet the probability of a single woman purchasing life insurance for herself is almost negligible. However, we are seeing a change in the way women are opting for non-traditional saving methods over fixed deposits and recurring deposits. They are now moving towards financial liberation by exploring insurance and other financial instruments as a savings mechanism to augment their notion and habit of long-term savings.
Need for life insurance
Peace of mind: Besides financially securing the future of the family, the right life insurance policy serves as a safety net for children, parents who need caretaking, or siblings with special needs, or other dependents.
