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Covid-19 has re-emphasized the relevance of insurance in a woman’s life

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₹5 lakh and ₹15 lakh. Both of these were higher than the previous years. Also, the premium spent on pure protection policies by women in 2019-20 increased by more than 60%, while savings increased by 20%, thus showing an increasing awareness among women of the need to financially protect their loved ones.There is a lot left to be done on the awareness front as the growth in uptake among women is still low compared to that among men.As per the Insurance Regulatory and Development Authority of India’s latest annual report, in 2019-20, women accounted for 32% of the new life insurance policies sold as compared to 36% in 2018-19.

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