New Delhi, March 6 -- Women in India are increasingly taking charge of their financial security, as about 44 per cent of women purchasing term insurance now opt for a cover of Rs 1 crore or more, according to the data released by Policybazaar.

The data reveals that women's involvement in investment-linked policies, health insurance, and term life insurance has significantly increased.

The data indicates that the shift is part of a broader transformation in financial decision-making, driven by higher workforce participation, evolving gender roles, and increased access to digital financial tools.

The data further reveals that the percentage of women purchasing term insurance has risen to 18 per cent in the current financial year, with sa...