Why all women need insurance?

Why do you need insurance? All that you want to know about securing your future!

Whether you are a homemaker, a stay-at-home working mom, a single mother, a happily married working professional juggling to strike a balance between work and life, you all need life insurance.

Period!

Here’s why!

You are happily married, you aren’t working anymore and you rely on your spouse. Despite being financially independent and starting saving much earlier, women tend to lose the focus after getting married. They rely on their spouse for making even small decisions involving money, let alone investing for any emergency.

As per a report by SEBI, women focus on a portfolio with zero to minimal risk, which makes insurance an attractive and zero-risk pick for them. Besides covering them for an emergency, it helps women to stay financially secure in case of a health emergency or an unexpected event.

Besides, women are often at an increased risk of violence and physical assault post marriage, which puts them at a risk of a health emergency too. At such times, women can definitely use to cover to regain the ground and raise their self-esteem without being financially dependent on their family.

A birth is and will always be a gender-defining role for a woman than it is for a man. When she becomes a mother, everything else including her health and life takes a backseat, which has repercussions later on.

Post 30, women face an increased risk of cancer and heart ailments and investing in a critical care insurance policy seems like the right thing to do.

Generally, women don’t feel the need of taking a life insurance in India. It is always the breadwinner or the male members that get the security and protection for unexpected occurrences in future. However, it is high time we understand that life insurance or insurance for health is not a privilege but a necessity. Every life is important and insurance needs to be gender-neutral. The least we could do for our every family member is to provide them with the coverage so that if the need arises, money doesn’t become a crucial factor for a medical treatment or life.

 

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