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Term Insurance for Housewives: Why Homemakers Need Insurance?

  6/26/23 4:11 AM

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While sometimes the financial contribution of housewives gets side-lined or forgotten, it needs to be secured to ensure protection of the family’s future. This is where a term insurance plan comes into the picture! And to make this simpler, one can opt for an online term policy!

Four Reasons Why Homemakers Need a Term Plan

· Financial Planning: A housewife plans and executes a lot of household expenses, and the term insurance benefits can take care of the domestic expenses in her absence.

· Financial Contribution: After marriage, while the husband earns a salary, a homemaker can contribute towards the financial protection of her family with a life insurance term plan.

· Financial Management: A homemaker manages the entire household finances. A term life insurance can ensure that adequate financial aid keeps the house running, even after her demise.

· Financial Protection: After important events like childbirth, the sum assured of the term plan taken for the homemaker can be increased to include financial protection for the newborn.

Edelweiss Tokio term insurance plans are designed to offer a financial safety net to homemakers so that they can continue to make an impact on their family as well as society.

With a simple term plan comparison, you can choose an online term plan that is the best match for the leading lady in your family!

 

Aastha Mestry - Portfolio Manager 

An Author and a Full-Time Portfolio Manager, Aastha has 6 years of experience working in the Insurance Industry with businesses globally. With a profound interest in traveling, Aastha also loves to blog in her free time.

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