Women have a longer life expectancy than men. In India the average male life expectancy is 67.4 years and the female life expectancy is 70.2 years. This means that women live longer years post retirement. So they need a bigger corpus to survive. As we have seen, women take more career breaks and have more expenses to manage. All these mean that financial planning for women is more crucial. Sometimes even working women tend to depend on their husbands to manage money and if the husband passes away earlier, they may find it difficult to manage their finances. With family support decreasing day by day, it is left to women to take care of themselves in the later years of life. Financial planning thus becomes more important for women.