Insurance for Women

this letter by me was published in Financial Chronicle on 4th October 2008

MUTUAL benefit ¦
INSURANCE is essential to secure a financially happy future and it is quite shocking, to say the least, that women have little or no choice when it comes to insurance policies.

Here’s where the mutual fund industry comes into the picture. Funds like DWS Tax Saving Fund offer group term insurance without any medical examination giving cover up to 60 years and maximum of Rs 5 lakhs. Recently several MFs such as Kotak Star Kid, Reliance Sip insure, Birla Century Sip also offered free life insurance cover. Actually this works out cheaper compared to ULIPs. so, women do have a choice but only need to be awared of.

Srikanth Shankar Matrubai
Bangalore