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    This Mother’s Day Gift Your Mother a Perfect Insurance Policy

    Last Updated On 10-05-2019

    When it comes to buying life insurance, it would be fair to say that men rule the market. Most of the advertisements for life insurance focus on men. Then, why should women be left behind? In the past few years, the number of women buying life insurance has seen a jump. As of January 2019, women bought nearly one-third of all life insurance policies, according to a Times of India Report. This number is an indicator that slowly but surely, women are realizing that their life is also ‘insurable’.

    Historically, we have been taught that insurance, especially life insurance, must be bought by income-earning women and men. And on the face of it, this argument makes sense. Any unfortunate incident with an income-earning member can severely impact a family’s finances so it is pertinent to buy insurance. 

    However, this line of argument severely ignores the role of homemakers. Whether through pure term plans or insurance cum investment plans, the role of homemakers is now being recognized. 

    How to pick the right sum assured for your mother?
    If you wish to suggest a term plan for your mother, you will have to fix the sum assured (cover) and the term you wish to buy it for. In most cases, the cover is about 10-20 times the annual income. If your mother is working and yet does not have an insurance cover, make sure you follow the above-mentioned parameter to buy the term plan for her. 

    But if she is not employed, most of the insurance companies provide the cover that is usually half of the insurance cover enjoyed by the husband of such housewives Ideally, her cover and subsequently the term and the premium will be decided on her age and her health condition etc. 

    This is also why it is important to arrange a life cover as early as possible for your mother. With rising age, the premium will only get higher, so it is better to lock the amount early. Make sure that you check with more than one insurer as the premium can vary highly after a certain age.

    Do not stress too much on the size of the cover. The larger focus should be to ensure a cover for your mother so that in the case of something unfortunate, her financial contributions are also acknowledged. 

    Do not discount ULIPs

    Given the popularity of Unit Linked Insurance Plans (ULIPs) in India, you might be tempted to invest  in it. The policy term can change as per your needs and so can the payment of maturity benefits. 

    The right ULIP will not only provide your mother with adequate coverage and also give her retirement benefits. The regular payouts can also become extremely handy in case she needs medical attention.

    Your mother has worked extremely hard all her life and empowering her with an insurance cover may be an ideal way to show and highlight her importance to your entire family’s lives.


    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
    IRDAI Registration Number 117. CI No: U66010KA2001PLC028883.
    For more details on risk factors, terms and conditions, please read the respective sales brochure carefully before concluding any sale. Terms and Conditions Apply. Goods and service Tax (GST) shall be levied as per the prevailing tax laws which are subject to change from time.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

    LD/2019-20/026 EC038

    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.


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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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