Why should you choose a life insurance? There are many reasons. You should so that you can save some money for unforeseen circumstances. You should take a life insurance if you seriously think about your family and want your family to continue without any hiccups after your death.
You can pay off your loan or for your child education with the small amount that you deposit with your insurer every year. With the small savings every year you can assure yourself that your spouse will not face any type of financial difficulty after your demise.
The life insurance is for both men and women so that they can provide their family with the financial support in case any uncertainty happens with them. The insurance companies have designed different plans for women that they get adequate life cover.
The companies have designed plans and benefits so that all the women no matter they are working or housewives they get a life cover. Thus single moms, singles, working, housewives; women with disability can get an adequate cover for their lives.
The insurance companies broadly group women in two categories. The first category includes the women who are not earning but have a property to look for. This category also includes the housewives who are not earning. The second category includes women who are earning and are in different types of profession such as medicine, accountancy etc.
The premium is decided on the basis of factors such as the profession, age occupation. Certain factors such as pregnancy and other women specific critical illness may raise the premium amount. These factors are separately covered under different plans or are covered as riders in insurance plans.
The women life insurance policy includes certain riders or special covers. This include any pregnancy related complications, critical illness specific for women, congenital disability in new born, post delivery complications, death of mother during child birth, any defect that is detected two hundred days after delivery, any non congenital diseases in new born and miscarriage and infanticide.
Besides these heart diseases, kidney malfunctions and other diseases that lead to critical illness are covered through the health insurance plans.
Non working women who are full time housewives can get the benefit either through the combined or joint insurance plans with their partners or through the individual plans under their names. With all these plans and policies they can name their spouse or their child as their nominee.
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