Women have increasingly become dominant players in the Indian workforce. These days, an increasing number of women are either co-bread winners or even sole bread winners for the family. However, when compared to other financial instruments such as fixed deposit and mutual funds, many don’t consider having a life insurance policy to protect their dependents or partner.
It is not uncommon even for financially independent women to pass the baton to their spouse when it comes to buying a life insurance policy. However, there are multiple benefits of buying a policy for your long term financial stability.
In case of any eventuality, as a sole breadwinner you would always want to be assured that your family continues to be financially stable. If you have a mortgage or loan in your name, term insurance is the first thing you should sign up for to secure your assets.