Mothers do so much in their lives. You handle the kids, make delicious food, provide emotional support to your husband and kids, and keep the family together. However, there's one thing that can silently support a mother's efforts behind the scenes: a term insurance plan.
If you're a solo mom, hats off to you! You are a superhero doing multiple jobs at once. But even though you do your best to create a beautiful life for your child, did you ever sit down and consider yourself, asking the question: "What will happen to my child if something happens to me?" That is where term insurance comes into play.
In short, a term insurance plan is a type of life cover. You pay a small premium yearly (or month/quarter, as the situation may be, based on your convenience), and the insurance company, in return, assures you to give a particular sum of money to your child (or nominee) in case something happens to you.
This amount can secure your child to finance their studies, rent, daily needs, or whatever they might need when you're no longer there for them. For a single mother, this is not a policy; it's reassurance. It's the reassurance that your child will be okay and supported even in your absence.
The world is changing fast; inflation, school fees, healthcare costs, and everything else are increasing. As the sole breadwinner and caregiver, planning your finances is really important for single mothers.
Here's why a term insurance plan for single mothers is perfect for you:
Now comes the next step - selecting the right policy. There are many options, but not all term plans are equal.
Here are a few features to look for:
If you're looking for the best term plan for 1 crore, compare quotes from top insurers, read the fine print, and most importantly, choose a brand you trust.
That’s where a term plan calculator comes in. It helps you estimate how much cover you should take based on your current income, lifestyle, debts, and your child's future needs. It’s quick, free, and available on most insurer websites.
Let’s take an example.
Meera, a 35-year-old single mother in Delhi, earns ₹8 lakhs a year. She wants her 8-year-old daughter to study in a good college and never feel financially insecure. Using a term plan calculator, Meera finds that a ₹1 crore term insurance plan fits her needs.
She buys a plan that costs her just ₹700 per month, less than the price of a weekend dinner. Now, if something were to happen to Meera, her daughter would get ₹1 crore, which is enough to cover education, housing, and daily expenses for years.
That’s the power of term insurance.
If you’re a single mother, this Mother’s Day could be the perfect time to think beyond flowers and cake. Think about the future. Ask yourself: “If I’m not there tomorrow, will my child be okay?” It’s a difficult question. But the answer can be easy with the right term insurance plan in place.
And if you're just starting out on this journey, then PNB MetLife is here to support you with protection that truly understands a mother’s heart. PNB MetLife offers various life insurance plans tailored for single moms and women. Visit our website to learn more and find a plan that fits your life.
Term insurance is a type of life cover that offers financial protection to your child in case something happens to you. It ensures your child’s future expenses like education, rent, or daily needs are taken care of even in your absence.
This depends on your income, debts, and your child’s future needs. A quick way to decide is to use a term plan calculator which helps you find a suitable cover based on your lifestyle.
If your main goal is pure protection and financial security for your child, yes. It’s more affordable and offers higher coverage. (See: term insurance vs life insurance)
Absolutely! In fact, many consider the best term plan for 1 crore as ideal for single-income households, especially to secure a child’s long-term future.
You can easily calculate term insurance premiums online using insurer tools. The premium varies based on your age, health, cover amount, and policy term.
Piyush Kataria, SEO Manager at PNB MetLife, is a seasoned digital marketing strategist with over a decade of experience in optimizing websites for search engines. His expertise extends to keyword research, content strategy, technical SEO, and link building, all of which have been instrumental in driving organic traffic growth at PNB MetLife. With a strong foundation in life insurance, Piyush leverages his industry knowledge to create targeted and effective SEO campaigns.
Sakshi Malhotra is a seasoned marketing professional associated with the Life Insurance industry since 2007. At PNB MetLife, she heads Digital Marketing and Direct to Customer line of business. She is responsible for driving effective customer engagement through the company’s website and social media channels. In addition, she drives customer online buying journeys to help them buy the right product.
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 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to 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: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in 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.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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