Women Health Matters: Why Insurance Is a Must-Have!

Your health is your most valuable asset. However, women often tend to put their health on the backburner due to various reasons, such as taking care of their families, pursuing their careers, and other responsibilities. To ensure that you have the right protection in case of any health-related issues, it's important to buy a women's health insurance plan that caters to women's needs. 

Women Health Matters: Why Insurance Is a Must-Have!

In this blog, we will discuss four important insurance plans for women that you should consider. 

4 Insurance plans every woman should consider

1. Women health insurance plans: A must-have for every woman

Women health insurance is a specialised health insurance policy that offers comprehensive coverage for women's health needs.  So, if you're looking for peace of mind and want to ensure that you and your family are protected against any unforeseen health issues, consider investing in a women's health plan right away. Here are some key benefits offered by this plan:

  • Coverage for maternity expenses: Women health insurance covers maternity expenses such as hospitalisation, delivery charges, and medical expenses incurred during pregnancy.
  • Coverage for critical illnesses: Women are prone to critical illnesses like breast cancer, cervical cancer, and ovarian cancer. Women's health insurance provides coverage for such illnesses.
  • Coverage for daycare procedures: Women often require daycare procedures such as chemotherapy, radiotherapy, and dialysis. Women health insurance covers these procedures as well.
  • Coverage for mental illnesses: Women are more likely to suffer from mental health issues such as depression and anxiety. Women health insurance provides coverage for mental illnesses as well.
  • Coverage for preventive healthcare: Women health insurance covers preventive healthcare expenses such as regular health check-ups, mammograms, and Pap smears.

2. Critical illness insurance: Providing necessary financial support in case of a serious illness

Critical illness insurance provides financial protection against life-threatening illnesses such as cancer, heart attack, and stroke. Women are more susceptible to certain critical illnesses, and critical illness insurance can provide the necessary financial assistance to cover the high medical costs associated with these illnesses. Here are a few benefits of a critical illness women health insurance plan:

  • Coverage for critical illness: Critical illness insurance covers a range of life-threatening illnesses such as cancer, heart attack, and stroke.
  • Lump sum payout: Critical illness insurance provides a lump sum payout if a critical illness, as outlined in the policy is diagnosed. This payout can be used to cover medical expenses, loss of income, and other expenses.
  • Coverage for non-medical expenses: Critical illness insurance provides coverage for non-medical expenses such as home modifications, rehabilitation expenses, and travel expenses.

Tax benefits: Following Section 80D of the Income Tax Act Premiums paid towards critical illness insurance are eligible for tax benefits.

3. Cancer insurance: Safeguarding your funds against cancer

Cancer is one of the most prevalent and fatal diseases in the world, and the cost of cancer treatment can be exorbitant. Cancer insurance is a specialised insurance plan that provides financial protection against the high costs associated with cancer treatment. Here's why cancer insurance is an essential insurance plan for women:

  • Coverage for all types of cancer: Cancer insurance covers all types of cancer, including breast cancer, lung cancer, and prostate cancer. Women are more prone to certain types of cancer, and cancer insurance provides financial protection against the high costs associated with the diagnosis and treatment of these cancers.
  • Coverage for non-medical expenses: Cancer treatment can result in various non-medical expenses, such as home modifications, rehabilitation expenses, and travel expenses. Cancer insurance provides coverage for these expenses, ensuring that you can focus on your recovery without worrying about the financial burden.
  • Tax benefits: Premiums paid towards cancer insurance are also eligible for tax benefits. You can avail of a tax deduction of up to Rs. 25,000 for the premium paid towards cancer insurance, providing you with additional financial benefits.
  • Maternity insurance: Protecting your finances during pregnancy

Maternity insurance is a crucial type of health insurance plan for women who are planning to have a child or are already pregnant. The cost of childbirth and pre/postnatal care can be quite high, and maternity insurance can help cover these expenses. Here are some additional details on the key benefits of maternity insurance:

  • Hospitalisation expenses: A material plan covers the costs of hospitalisation for delivery, including room charges, doctor's fees, and other medical expenses. This includes both normal deliveries and C-sections.
  • Pre and post-natal care: A maternity insurance additionally covers the expenses incurred on pre and post-natal care, including doctor's fees, diagnostic tests, and medication. This includes regular check-ups, ultrasounds, and other tests that are necessary during pregnancy.
  • Newborn baby cover: Some maternity plans also cover the expenses of the newborn baby, including vaccination charges, hospitalisation expenses, and doctor's fees. This can be particularly helpful in case the baby requires additional medical attention or has any complications after birth.
  • No-claim bonus: Some maternity plans offer a no-claim bonus for every claim-free year. This can significantly reduce the cost of the premium and help you save money over time.

As a woman, having the right insurance coverage can provide you with financial protection and peace of mind. Whether you're planning to start a family or just want to be prepared for unexpected events, these four insurance plans are important considerations. Make sure to compare the coverage, premiums, and exclusions offered by different insurance providers before making a decision. Remember, whether you’re investing in a women health insurance policy or any other sort of insurance coverage, it is a smart financial decision that will surely pay off in the long run. So, don't wait any longer – get the protection you deserve with these four important insurance plans for women!

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