Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Empowering women with financial planning: Term insurance as a safety net
Update / Judgement Date
11 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Women, balancing caregiving and financial responsibilities, often overlook self-care, including securing insurance. In rural India, only 1% of women are insured, highlighting the need for financial independence. Homemakers, undervalued for their contributions, require term insurance to protect their families financially. \r
Working women and entrepreneurs, prioritizing family, need adequate coverage for their absence's potential strain on finances. Term plans now offer up to Rs. 1 crore coverage, accessible to homemakers and self-employed women. With premiums up to 30% more affordable for women, term insurance provides tangible financial benefits. \r
Personalized plans like Bajaj Etouch offer exclusive health benefits for women. Sensitizing both genders about insurance importance is crucial for inclusive financial protection. Collaboration among insurers, regulators, and stakeholders can advance an inclusive insurance ecosystem, empowering women to safeguard their families effectively.