Women’s share in insurance to shoot up

Life insurance companies plan to give a boost to the share of women in life insurance policies, which stand at about 20 per cent.

Insurers are planning to launch women specific products with premiums than those paid by men for similar policies. For instance, a 40-year-old insured male will pay a premium of Rs 7,522 per annum for a 10-year life cover policy offered by Future Generali assuring a sum of Rs 20 lakh. While for the same policy, a 40-year-old female needs to pay a premium of Rs 6,486 only.