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It is always men who are considered as the soul breadwinners in a family. May be this could be one of the many reasons that insurance companies target mostly men for insurance. To be more specific, an income earner is offered insurance and reasons comes out quite clearly as to why housewives are offered limited choice when it comes to insurance.
Soul mate, life-partner, queen of the house- best describes her. The duties and responsibilities discharged by her are incomparable and unmatched. You might have insured yourself sufficiently and hence buying an insurance cover for your wife may be the last thing on your mind. Infact a majority may find themselves in a similar state where they have not even thought of insuring their wives. You may buy everything for her but she too requires financial protection as much as you do.
Many of them believe that life insurance is suitable only for the earning member of the house. Those sharing a thought similar to this should know it is nothing but a myth. There is no reason strong enough to keep a homemaker out of the insurance protection net. The need of financial independence is as much as any other income earner would have. Try performing the duties that she discharges like taking care of the house, children etc., may sound ridiculous but all of these activities would get affected immeasurably in her absence. Hence when planning to insure your wife, consider the expenditure of all these services if you were to get it done from an outside source. The net sum that you derive should be the amount used to insure her.
But the irony lies in the fact that insurance companies do not offer all the policies to housewives. For instance, some of the insurance companies do not offer term policies. There are few insurance companies that offer policies catering specifically to women. One such is ‘Jeevan Bharti’ made available by Life Insurance Corporation though it is not specifically for homemakers.
The reason why insurance companies do not offer all the policies to housewives is that they are not income earners. In such a situation the husband should step in the scene and should take charge of insuring her.
A woman gives up her job to take care of her family that forms the top place in her priority list. Only choosing not to work makes her unreasonably stay out of insurance protection. Don’t you think it’s high time for the low statistics of uninsured housewives to change and see a rise in the number of insured housewives?
