Aditi is a 25-year-old housewife, who manages her home and children virtually single-handedly as her husband travels abroad frequently for professional reasons. The income is good and the family has a long-term savings plan in place. Aditi’s friend Priya, the Planner has recently become an insurance adviser and has been asking her to take insurance, both for her and her husband.
Aditi understands that her husband needs insurance as he is the only earning member of the family, but she sees no reason for a cover for herself as she does not generate any income. Is Aditi right in her assessment of their insurance needs?
Aditi cooks for the family and helps children in the studies. The work of a housewife is always undervalued in our society. Before you write off the idea of buying a life cover for your wife, we want you to have a look at the following duties which are both imperative and irreplaceable. Afterward, you will be able to decide why her role is more than worthy of a life insurance.
She is the multi-tasker who dons the hat of a cook, housekeeper, laundry person, and more. House wives work for an average of 94 hours per week which is more than and twice of regular working hours, so twice her husband’s salary. But just because she is not bringing money home, it doesn’t mean she isn’t contributing to the family’s income. A housewife does a lot of work which helps a household accumulate funds and most of the savings are done by housewives only. The fact is, it is sadly noticed .Proper life coverage for homemakers has to be a crucial part of the budget of a family.
That’s where you should think about a Term Insurance Plan. It can be the best gift to your wife so that; she can protect your children and parents from future financial crises in your absence. Priya suggested Aditi , Edelweiss Tokio Zindagi+ which not only give protection to her husband but cover her as well.
The USP of Zindagi Plus is the ‘Better Half Benefit’. A very important feature of this benefit is that it also covers housewives too. Under which, after the death of the policyholder, a life cover will start in your wife’s name which will be 50% of the life cover of the policyholder, up to Rs 1 crore. Your wife won’t have to pay any premium and the nominee will also get the sum assured. The policy will continue till the end of the actual policy term.
As done by Amit, Aditi’s husband who is a 28-year-old salaried individual having an annual income of 8 Lakhs per annum, got married 2 years ago and now after getting advice from Priya , he decided to purchase a life insurance plan. He buys Edelweiss Tokio Life Zindagi Plus with ‘Better Half’ Benefit with a life cover of Rs. 2 cr up to the age of 80 years. Tomorrow, if he meets with an untimely demise before his policy term ends, his family will get a sum assured of Rs. 2 cr and not only this it will also give a life cover of Rs. 1 crore to his wife which will start immediately for the remaining policy period. Amit’s better half, Aditi, his children and his family will have a financially peaceful life as they don’t have to pay any premium for the remaining policy term and their also covered.
A housewife does a lot of work that hardly gets noticed. Proper life coverage for homemakers should always be an imperative part of the budget of a family. As the knowledge and significance of term plan for women grow, we will have more and more women buying a term plan. Don’t delay; Get yourself the right cover right away and save your loved ones.