Term Insurance for a Non-Working Spouse in India

Key Benefits of Term Insurance for Non-Working Spouses

1. Financial Security: Provides a safety net for the family, ensuring that daily expenses and long-term goals like children's education are not compromised.​
2. Affordable Premiums: Term insurance plans are typically more affordable than other life insurance products, making them accessible for families across various income levels.​
3. Tax Benefits: Premiums paid towards term insurance qualify for deductions under Section 80C of the Income Tax Act, and the death benefit is tax-exempt under Section 10(10D) .
4. Peace of Mind: Knowing that there's a financial cushion in place brings peace of mind to both spouses, reinforcing the family's overall financial planning.​

How to Choose the Right Term Insurance Plan

When selecting a term insurance plan for a non-working spouse, consider the following:​

• Coverage Amount: Assess the financial impact of the spouse's absence, including potential costs for childcare, household help, and other services they manage.​

• Policy Term: Choose a term that covers the years until major financial responsibilities, like children's education, are fulfilled.​

• Riders and Add-ons: Consider adding riders such as critical illness or accidental death benefits for enhanced protection.

• Claim Settlement Ratio: Opt for insurers with a high claim settlement ratio to ensure reliability during critical times.​

How Jio Insurance Broking Can Assist

Navigating the myriad of insurance options can be daunting. Jio Insurance Broking simplifies this process by offering a platform to compare various term insurance plans tailored for non-working spouses. With partnerships across multiple insurers, Jio Insurance Broking provides:

• Comprehensive Comparisons: Evaluate different plans side-by-side to find the best fit for your family's needs.​

• Expert Guidance: Access to insurance experts who can provide personalized recommendations.​

• Seamless Purchase Process: A user-friendly interface that makes buying insurance straightforward and hassle-free.​

By leveraging Jio Insurance Broking's resources, families can make informed decisions to secure their future.

The role of a non-working spouse is integral to the family's well-being. Recognizing their contributions through financial planning, especially term insurance, is not just prudent—it's essential. With tools and support from platforms like Jio Insurance Broking, ensuring this security has never been more accessible.

Secure your family's future today. Explore term insurance options tailored for non-working spouses with Jio Insurance Broking