Insurance policies that are a must-have for working women 

5 MinsMarch 4, 2023

As an independent woman, you are in charge of your life and make your own decisions. You work hard to earn a living, and you want to protect your assets and your loved ones. One way to do this is by having the right types of insurance. Insurance policies can provide peace of mind to you, knowing that you and your loved ones are protected from potential financial hardships.

Must Have Insurance Policies for Working Women

Let us see what kinds of risks you may face, as a working woman, and what kind of insurance policy you must buy to safeguard yourself from that risk.

(1) Protection against health-related expenses:

 Women are vulnerable to various health issues such as breast cancer, cervical cancer and osteoporosis. These illnesses require long-term treatment, which can be expensive. Health insurance policies provide coverage for medical expenses, hospitalisation, and critical illnesses, ensuring that you get the best possible healthcare without worrying about costs.

Axis Bank’s health insurance plans, offered jointly with leading insurance partners, cover all medical costs resulting from accidents, illnesses and other covered events. The insurance plan offers advantages like cashless hospitalisation, post-waiting period coverage for pre-existing conditions, and optional coverage for critical illnesses. Additionally, you can also claim tax exemption on the premium paid for a health insurance policy under Section 80D of the Income Tax Act.

(2) Financial security for dependents:

 Today, women are not just contributing to the household income, but are also the primary earner in many families. Given this, it is important to ensure that your dependents, be they parents, spouses or children, don’t face any financial difficulties in your absence. Hence, buying a term life insurance plan for yourself is important. If you buy the plan early on, you can save on premiums too. Additionally, you can enjoy tax benefits on the premium paid towards your life insurance policy. 

[Also ReadDo you have an optimal health insurance cover?]

(3) Protection for assets:

 If you are an independent woman owning a business, you need to protect it from potential risks such as theft, fire or liability claims. Business Insurance can help cover these risks and prevent financial ruin. If you own a home, which again is increasingly. easier with lower home loan rates for women, then comprehensive Home Insurance is essential to protect your house from natural calamities. If you are worried about the cost, then remember that premium paid for these insurance policies will easily offset the stress and worry you may face in case of any damage to your dream abode. 

(4) Protection during travel:

 For those of you who love to travel, there are plenty of options to choose from. Travel packages catering solely to women travellers offer a range of holidays depending on whether you are a budget-conscious traveller or want a premium luxury experience. On the other hand, you may love to travel solo and explore unknown destinations at your pace. In either case, make sure you buy adequate Travel Insurance that will provide coverage for sudden medical emergencies, loss of baggage, trip cancellation, etc. 

(5) Protection against accidents:

 Does your job involve frequent travel? Or do you live in a crowded metro city and drive to work daily? If the answer to either question is yes, then a Personal Accident cover is a must. These plans offer coverage in the case of accidental death or permanent disability, ensuring that you and your family are financially secure in the event of unforeseen events.


Women need to feel financially independent and stable to be able to pursue their dreams in life. Axis Bank offers a range of insurance policies for all liabilities, allowing you to lead a carefree and independent life. 

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.