In today’s world, women are breaking barriers in every field education, business, sports, science, and beyond. With this growing independence and financial freedom, it’s essential for women also to take charge of their financial security. One smart and often overlooked way to do this is by choosing term insurance plans with return of premium. These plans offer protection and peace of mind—plus, they return your money if you outlive the policy. This isn’t just about being prepared. It’s about being empowered.
Gold Rate
20 May 2025
In this blog, we’ll explore why women, whether working professionals, entrepreneurs, homemakers, or students, should consider this unique insurance option and how it can be part of their best life insurance plan.
What Is a Term Insurance Plan with Return of Premium?
Let’s first break it down simply. A term insurance gives your family a fixed amount of money (called a death benefit) if you pass away during the policy period. But in most regular term plans, if you survive the term, you don’t get anything back.
That’s where return of premium term insurance comes in. These special plans give you your premiums back, every rupee you’ve paid, at the end of the policy term if you’re still alive.
So, you get two big benefits:
- Financial protection for your family if anything happens to you.
- Your money back if everything goes well and you live through the term.
Sounds like a win-win, right?
Why Is This Important for Women?
Now let’s talk about why this matters specifically for women. Here are some powerful reasons:
- Women Live Longer, But That Comes with Costs
Statistics show women live longer than men. While that’s a good thing, it also means more years to manage finances. This includes paying for health care, daily needs, and possibly supporting others.
A return of the premium plan makes sense here. If you don’t use the policy, you’ll get your money back, which can help during retirement or be reinvested for your future.
- Most Women Are Still Underinsured
A lot of women, especially homemakers, don’t have life insurance. Yet their roles are priceless, managing the home, raising kids, and supporting the family emotionally and practically.
Just because it’s not a salaried role doesn’t mean it’s not valuable. A term plan ensures the family doesn’t suffer financially if the woman of the house is no longer around. And with return of premium term life insurance, even homemakers get to treat it like a savings plan if the policy isn’t used.
- Dual Benefits: Protection + Saving
Women are great at multitasking, and your insurance should be too!
Instead of choosing between saving and insuring, you can do both with a return of premium plan. It’s a smart financial product that meets two goals:
- Protecting loved ones from risk
- Saving or reclaiming the money you’ve invested
That’s what makes it one of the best life insurance plan options for women who want to balance family needs with financial wisdom.
Real-Life Example
Let’s say you’re a 30-year-old woman, working a stable job. You buy a 30-year term insurance plan with return of premium. You pay ₹15,000 per year.
Now, if something happens during this term, your family gets ₹50 lakh (or more, depending on the policy). But here’s the kicker, if you live the full 30 years (which we all hope you do!), you get ₹4.5 lakh back. That’s your money, safe and sound, back in your account. It’s not just life cover. It’s smart, long-term planning.
Financial Independence = Financial Responsibility
As more women earn, save, and invest, it’s vital to also protect their income and life value. Here’s a thought: If you’re saving for travel, education, or a dream home, why not also save for protection?
A term plan with return of premium:
- Keeps your savings safe
- Doesn’t feel like a sunk cost
- Boosts your sense of security and self-worth
This is about owning your financial journey. Not just for your family, but for you.
How to Choose the Right Plan
Here are some tips to choose the right return of premium term life insurance:
- Check the Insurer’s Track Record: Go for a reliable company with a high claim settlement ratio.
- Pick the Right Term Length: It should cover your working years or till your key responsibilities are over.
- Compare Plans Online: Many platforms offer easy side-by-side comparisons of benefits and premiums.
- Add Riders if Needed: You can customise your plan with add-ons like critical illness or accidental death.
- Choose Return of Premium Only if It Makes Sense: The premium is higher than a basic term plan.
But if you like the idea of getting your money back, it’s a great fit.
When Should Women Buy Term Insurance?
The earlier, the better. Why? Because:
- Premiums are lower when you’re young and healthy.
- You get maximum coverage for a minimum cost.
- It becomes easier to plan other financial goals once this is taken care of.
Whether you’re single, newly married, a mom, or nearing retirement, it’s never too early or too late to secure your future.
Conclusion:
Women are the backbone of families and communities. Whether you’re managing the household or climbing the corporate ladder, your contribution has immense value. A term insurance plan with return of premium respects that value. It says: “Your life matters. Your future matters. And your money shouldn’t go to waste.”
It’s not just insurance. It’s a statement of self-worth. So if you’re exploring your financial options, make sure return of premium term life insurance is on the list. It could be the best life insurance plan you’ll ever choose, not just for your family, but for your peace of mind.
