Paragraph match score 82.4%
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Did You Know?
In the FY 2022-23, women were issued 97.38 lakhs life insurance policies, constituting 34.20 per cent of the total policies, which amounted to 2.84 crore policies.
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How Much Life Insurance Cover Should a Woman Have?
This becomes even more relevant as women’s participation in life insurance continues to grow. According to the Insurance Regulatory and Development Authority of India (IRDAI) Annual Report 2023, policies issued to women reached approximately 9.73 million in 2022-23, accounting for 34.2% of the total policies sold. This reflects a steady rise in financial awareness and the increasing importance women place on securing their financial future . While deciding the coverage amount, it is important to consider the following factors: