The claim settlement ratio is the ratio of claims settled by an insurer against the number of claims actually received by them. It is expressed in percentage terms. This number can help you evaluate your insurance service provider.

You will not receive any form of compensation if you survive the duration of the policy.

Yes, add-ons on your term insurance for housewife can be availed by paying additional charges. You can get coverage for critical illnesses by availing these add-ons.

No, your employment status has nothing to do when availing a term in insurance policy for housewife.

Insurance companies allow women to buy the policy till they attain the age of 60 years.