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Individual Women’s Health Insurance – Why You Should Take One

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Published on February 2, 2022. EST READ TIME: 3 minutes

As a woman in India, you probably take on the bulk of familial and household responsibilities. This leaves you with little time to take care of yourself and your health. But remember that owing to the stress of daily life, you are more prone to developing cardiovascular problems, type-2 diabetes, high blood pressure, breast and cervical cancer, osteoporosis and osteoarthritis, PCOS, etc.

In a survey conducted recently, it was found that only around 390 women out of 1000 had health insurance. Among these, around 220 had bought their own health insurance, while the rest depended on male family members or employers to buy insurance for them.

Now, everyone needs medical insurance to protect themselves in case of a sudden illness or hospitalisation. And health insurance is especially crucial for busy women like you, as a hectic lifestyle can lead to stress-related problems and diseases.

Read on to know more about the benefits of taking a women’s health Insurance policy.

How do you benefit from a women’s health insurance policy?

Are you like most women in India who do not prioritise their health? Then, it’s time to do so. Don’t forget, women are at a higher risk of being affected by lifestyles diseases and other conditions like anaemia, urinary tract infections, arthritis, etc. A specialised women’s health insurance plan can provide the following benefits to you:

1. Coverage of maternity-related expenses:

The costs that come with pregnancy and childbirth for check-ups, scans, prenatal tests like blood analysis, ultrasounds, delivery-related hospital expenses etc can add up quickly. A health plan that gives you coverage for all maternity-related expenses is a good idea as it takes care of the expenses without burning a hole in your pocket.

2. Competitive insurance premiums:

The premiums for women-specific insurance plans are quite competitive and this may be advantageous when compared to a general health plan.

3. Coverage of preventive health check-ups:

Women are prone to developing illnesses like osteoarthritis, breast cancer, ovarian and cervical cancer, stroke, type-2 diabetes, hypertension, kidney disease, UTIs, etc. A women’s health plan will cover preventive health check-ups that scan for signs of any such conditions so that they are detected early on and treated promptly.

4. Coverage of expenses for new-borns and birth defects in new-borns:

You are bound to incur significant expenses after your baby is born. Your new-born will need to be administered vaccines and taken for periodic health check-ups. A women’s health plan that covers these expenses will take this worry off your head, so you can concentrate on enjoying precious time with your new-born.

5. Tax savings under section 80D:

Investing in women specific health plans gives you tax benefits under section 80D of the Income Tax Act, 1961.

6. Coverage of critical health issues specific to women:

A women’s health plan covers critical health problems that are specific to women, like osteoporosis, arthritis, UTIs, cancers of the breast, ovaries, and cervix, etc.

7. Pre-and post-hospitalisation coverage:

A women’s health plan also covers the expenses you incur before and after hospitalisation, like diagnostic tests, medicines, doctor’s consultation fees, and so on.

What to check before deciding on a women’s health plan?

Here are some things that you need to check before zeroing-in on a health insurance plan:

● Type of plan: Do some research to make sure if you will benefit from a women’s health plan or a family floater plan.

● Coverage for pre-existing conditions: Ensure that you are given coverage for pre-existing health conditions like diabetes, hypertension, etc.

● Waiting periods: Check the waiting periods for availing the policy benefits. Check the various waiting periods for maternity, pre-existing condition, etc. before buying insurance.

● Value-added service: Find out if the plan gives you any extra benefits for remaining fit.

● Maternity coverage: Make sure you plan covers all maternity expenses before buying.

● Claim settlement options: Research the claim settlement options properly before settling on an insurance plan.

● Claim amount and coverage: Check if you have adequate coverage and the claim amount when buying insurance.

Conclusion

Women-specific health insurance policies have several benefits. However, you should do proper research to compare the plan with others and decide if this is beneficial for you. Your insurance policy must be based on your lifestyle, pre-existing health conditions, family medical history, any plan to have children in future, etc. Take care of your health and protect yourself from sudden medical expenses with a women’s health insurance plan today.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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