Never underrate yourself
A protection specialist is pleading women to stop underrating themselves and take more protection insurance policies. These policies have too many answers for your financial problems.
As 8 March earmarked itself as International Woman’s Day, a new report has suggested that women are unable to safeguard their family future, as they underestimate their monetary value.
Protection Insurance Expert Scottish Provident revealed the fact that women in Britain are undervaluing themselves with regard to monetary values of their lives, as compared to men. It is suitably reflected on the level of insurance, which is taken by them.
According to certain statistics, 50 percent of man covers themselves as compared to women. The 23 percent (£173,712 - £140,886) is trivial among those who are in age group of 30, but this gap is widening to 94 percent (£104,583 - £54,042) among the people in age group of 60. This is a drastic rise in the percentage.
According to, Jennifer Gilchrist, senior product development manager at Scottish Provident, the situation, is causing hitch because women who fall under this age group has lots of debt pressure mounted on them. They have dependents and debts like mortgage and personal loans.
These companies not only provide you protection insurance, but it is a friendly place for women where they get counseling for everyday financial problems. In present times women outlive the men, yet they are far less covered as compared to their male counterparts. But as women remain under covered, hence life cover is much cheaper. She warns that this situation is going to change sooner or latter.
With new policies and provisions in place, the cost of protection insurance for women is set to soar substantially. So, we plead women to commemorate this year, by buying insurance policies or protection insurance cover.
With this initial intervention by EU gender directive, the door of opportunities for women will widen.
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