India's Life Insurance Gender Gap Persists

A big insurance company in India, called ABSLI, found that there are many more men than women who have life insurance.

As of March 2025, only 28% of their policyholders are women, while 71% are men.

Even though there are fewer women with insurance, the ones who do have it pay more money each year than men.

However, the amount of money they are insured for is less than what men have.

Women also prefer certain types of insurance plans that are more about saving money and have shorter-term goals.

The company thinks that to fix this gap, they need to teach more women about insurance and make products that fit their needs better.

They believe this is important because women are now making more financial decisions for their families.