Term Plan for India's Non-Working Spouse

Written by : Knowledge Centre Team

2026-08-07

2763 Views

11 minutes read

Introducing BSE 500 Enhanced Value 50 Fund with Promise4Wealth

50 High-Potential Companies, One Smart Decision

Name is required Name should be Valid

Mobile Number is required Mobile Number should be Valid

Email is required Email should be Valid

DOB is required DOB should be Valid

Annual Income*

< 3 3-5 5-7 7-10 > 10

Annual Income is required

I agree that even if my contact number is registered with NDNC / NCPR, I would still want the Company to contact me on the given number and email id for the clarifications/product information sought by me and agree that I have read and understood the Privacy Policy and agree to abide by the same.

Please tick to proceed further.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

Planning for the future is always a smart choice, and term insurance is one such financial product that allows you to do so. We all want to provide our families with the best, and term insurance makes that possible. Term insurance provides your loved ones with financial security in case of any unfortunate events in your life. In this guide, you will explore what term insurance is, how it works, age limits and factors to consider before buying one.

In the intricate web of family life, the role of the non-working spouse often goes unnoticed. True that they do not make any financial contributions to the family, but their contribution is far more valuable, including childcare, managing the home, and offering emotional support. Thus, if you recognise this, you must consider a financial safeguard for your non-working spouse, too. Term insurance is a good choice and can protect your family’s future in your absence.

Sounds like an idea you never thought about? Let us delve into the whys and hows of getting term insurance for your spouse who does not earn a paycheque.

Key Takeaways

Non-working spouses contribute significantly through caregiving and household duties, which would be costly to replace.
Term insurance offers financial stability in their absence, helping cover childcare, domestic help, and other essential needs.
Plans like iSelect Smart 360 by Canara HSBC Life Insurance allow joint coverage with riders and affordable premiums.
Income proof from the working partner is sufficient for purchasing a plan, and the coverage for the non-working spouse is typically capped.
Choosing the right plan involves evaluating financial needs, comparing policy features, and understanding claim settlement processes.

Protect Your Family with Affordable Term Insurance

Full Name* Please enter correct name Please enter the Full name

Mobile Number* Please enter valid mobile number Please enter Mobile Number

Email* Please enter valid email Please enter Email

By submitting my details, I request the company to call me and override my NDNC/ NCPR registration and authorize the Company and its representatives, including its third-party vendors, to validate, evaluate and process this proposal and also to contact me via email, phone, WhatsApp or any other mode. I also provide my consent to share my IP address & location to the company for risk assessment. I confirm that, I have read and understood the Company’s Privacy Policy and agree to abide by it

...Read more Consent is required

Understanding Term Plan for Non-Working Spouse

Term insurance is a life insurance policy that offers a lump sum to your nominees in the event of your sudden demise. Do you think term insurance is only for working people? Think again! Spouses at home have their own set of duties, and they deserve a term insurance plan, just like their partners.

So, when you sign up for a term plan for them, you and your family will receive death benefits in case of an unfortunate incident. This can come in handy to take care of various expenses, ensuring that your lifestyle does not get compromised.

Did You Know?

Many term policies are also “convertible,” as they can be converted into a permanent life insurance policy.

Investopedia

Why Buy a Term Plan for Your Non-Working Spouse?

Here’s why you must buy a term plan for your non-working spouse:

Household Contributions: While your spouse might not be contributing financially to your home, they do a lot more than that. From household management to childcare and cooking to becoming the home-teacher for the kids, they work 24/7 without any holidays. In their absence, you will have to hire professional services to fulfil these roles, which will elevate your expenses. This can create a dent in your long-term financial planning. While their loss cannot be replaced, the lump sum you receive from term insurance will help you manage the unforeseen expenses.
Emotional and Psychological Stability: Do you know that your stay-at-home spouse is a silent presence in your life? They maintain a stable environment that is ideal for your children to grow and thrive. They are also your backbone in challenging situations. Once they are gone, you will need additional help to take care of your children. The payout you get from their term plan can help you hire someone to take care of your daily routine.

Understanding the Features of Term Plans for Non-Working Spouse

Want to buy a term plan for your non-working spouse? Here’s what to expect:

Affordable Premium: Since your spouse does not have an income, the insurer will most often offer terms at low premiums. This makes it a cost-effective solution while also providing security for your family. Also, the earlier you sign up for the plan, the lower the premium amount
Joint Coverage Options: Don’t want to buy separate term insurance policies for you and your spouse? Opt for one that allows you to integrate the term plan for both of you under one policy. For instance, the iSelect Smart 360 term insurance plan from Canara HSBC Life Insurance offers a provision to add your spouse to the policy within a year of your marriage. It also allows you to add riders like health insurance later.
Tax Advantages: Whether you buy a term plan for yourself or your spouse, you can avail of tax benefits. Under Section 80C of the Income Tax Act, 1961, the premium paid is eligible for standard deduction.

Eligibility and Considerations for Term Plan for Non-Working Spouse

When intending to insure your non-working spouse, here are some things you should know:

Submitting Income Proof: Since your spouse does not have an income, there is no proof of income to show. But this is a prerequisite when signing up for term insurance. As a working person, you can buy a term plan on behalf of your spouse and present your proof of income. Or, you can add your spouse to the existing term plan.
Coverage Limit: Including your non-working spouse in your existing term insurance works differently from buying a new term plan. How? When you add your spouse to the existing plan, the sum assured of the non-working spouse will be capped. For example, with the iSelect Smart 360 plan by Canara HSBC Life Insurance, the sum assured for your spouse will only be a percentage of your total sum assured.

Term Insurance for Your Non-Working Spouse: Factors to Consider

When selecting term insurance for your non-working spouse, consider the following factors:

Assess the Financial Needs: The contributions your non-working spouse makes around the house are invaluable. However, try to evaluate its monetary worth. This will give you an idea of the expenses you will have to incur if you have to replace these services.
Compare Policies: Most reputable insurance companies offer term insurance for non-working spouses. But don’t rush into signing up for one. Instead, take some time to understand the various policies and pick the one that suits you best. Also, check their claim settlement ratio to ensure your claim will be settled quickly when the need arises. Canara HSBC Life Insurance has a claim settlement ratio of 99.52%.
Understand Policy Terms: Planning to add your spouse to your existing term plan? Or are you buying new term insurance for them? Irrespective of your choice, educate yourself about the features of the policy. Understand the inclusions and exclusions, rider benefits, etc.

Conclusion

Just because your spouse does not bring home a pay cheque, dismissing their contributions is not right. They help in many ways around the house, and replacing these with professional services would cost a lot of money. So, ensure their life too with a term insurance plan, as this will come in handy during dire circumstances.

Glossary

Sum Assured: The guaranteed amount paid to the nominee in case of the policyholder’s demise.
Rider: An additional benefit that enhances a term insurance plan, like critical illness coverage.
Term Insurance: Term insurance is a type of life insurance that offers financial protection for a set period.
Mutual fund: A mutual fund is a pool of money that is invested in stocks, bonds, and other securities.
Financial Dependents: Family members who rely on the policyholder’s income for their financial well-being.

FAQs

Absolutely! Medical underwriting is mandatory for all term plans, whether for you or your spouse. In fact, you need it even when you are adding them to your existing policy.

In order to purchase a term plan for a non-working spouse, you must submit:

Your income proof
Your identity proof
Spouse’s identity proof
Marriage certificate
Spouse's medical examination report

You can add riders like health insurance, critical illness benefits, and accidental benefits for your spouse in the joint insurance plan.

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

Documents Needed to Buy Term Life Insurance Online

What Makes Term Insurance Coverage Necessary?

Benefits of Term Insurance Coverage - Key Advantages Explained

Recent Blogs

life-insurance-payout-delays-due-to-incorrect-nominee-details

Term Insurance - Top Selling Plans

Canara HSBC Life Insurance offers online term insurance plans to secure your family financially in your absence.

Family Shield: Enhanced Protection

iSelect Smart360 Term Plan

3 Plan options
Life cover till 99 years
Steady income benefit
Block your premium at inception

Start Young, Pay Less, Stay Secured

Young Term Plan

Life cover till 99 years
Coverage for spouse
Block your premium rate
Covers 40 critical illness

Family Shield: Enhanced Protection

Saral Jeevan Bima

Affordable prices
Multiple premium payment option
Get Tax benefits
Hassle-free purchase process

Term Plan For Non-Working Spouse In India

Key Takeaways

Protect Your Family with Affordable Term Insurance

Enter OTP

Application Status

Name

Date of Birth

Plan Name

Status

Unclaimed Amount of the Policyholder as on

Name of the policy holder

Policy No.

Address of the Policyholder as per records

Unclaimed Amount

Request Registered

Understanding Term Plan for Non-Working Spouse

Did You Know?

Why Buy a Term Plan for Your Non-Working Spouse?

Understanding the Features of Term Plans for Non-Working Spouse

Eligibility and Considerations for Term Plan for Non-Working Spouse