Women Health Insurance

Today, women are gradually moving towards financial independence, and having women health insurance is a critical step towards achieving it. A proper financial planning is crucial for a better and healthy future. And making investment choices is one of the starting steps towards achieving financial goals. Health insurance policy for women is one such apt investment you should look for. It ensures you are financially prepared for any medical emergency without affecting your savings.

Read on to know about how a health insurance policy can be beneficial for women, its coverages, and benefits.

What is a women health insurance?

Health insurance plans for women are specifically designed to cater the medical needs of women at every stage of life. These policies cover all medical-related expenses such as hospitalisation, pre-and post-hospitalisation, pregnancy, childbirth and more. Furthermore, you can customise a comprehensive health insurance policy for women as per your needs to get the full benefit of the policy.

Why should women opt for health insurance: Key advantages

Women health insurance policies act as a safety net that enables you to take care of your health without worrying about finances. Here are some benefits of health insurance for women.

● Cashless hospitalisation

Cashless treatment is one of the most preferred services in health insurance policies. It gives you the required backup to undergo any treatment without stressing about the availability of funds. A cashless facility also eliminates the hassle of undergoing lots of paperwork at the hospital. So, you can only focus on your treatment and recovery.

You can avail of this facility at any of the insurer’s network hospitals. Inform the insurer about your planned admission two days before hospitalisation and in case of emergency, within 48-72 hours. The network hospital and insurer will take care of all the formalities and the bills will be settled directly.

● Pre-and post-hospitalisation costs covered

Health insurance policies for women cover the expenses for any doctor consultations, treatments or diagnostic tests taken before and after hospitalisation. This coverage is offered for a specific duration. Most health insurance companies offer pre-and post-hospitalisation coverage for 30-60 days before and 60-90 days after hospitalisation. This may vary from insurer to insurer. Know more about pre-and post-hospitalisation expenses online.

● Covers recurring costs

Women who are 40 years of age or above are more likely to be diagnosed with serious and chronic illnesses. Such conditions call for ongoing medicine, therapies, and chemotherapy. Women's specific health insurance covers the continuous medical expenses associated with treating these conditions. Therefore, it guarantees the finest care possible both now and after retirement.

● Yearly health check-ups

Medical insurance aids in women's fitness. It provides free annual health examinations, which helps keep a track of health records. You can monitor your own health and take preventive steps to stay healthy with these regular check-ups.

● Maternity coverage

Women’s health insurance policies cover the cost of vaccinations, pre-and post-natal care, caesarean sections, and normal delivery. It also covers treatments related to pregnancy (maternity health) complications and medically necessary termination of pregnancy for up to two instances.

● Tax benefits

You can get tax exemption up to Rs. 50,000 under relevant sections of the Income Tax Act for paying health insurance premiums. The taxable amount, however, depends on your age and income.

Who should get health insurance for women?

Every woman should consider getting health insurance tailored to her needs, especially those with specific health risks like maternity, reproductive health issues, or critical illnesses. Women health insurance ensures financial protection and quality care during emergencies or routine health needs, supporting overall well-being.

What is covered under a women health insurance policy?

Women health insurance policies provide comprehensive coverage for various health concerns. Key inclusions are:

• Maternity and newborn care: Covers delivery expenses and postnatal care.
• Critical illnesses: Coverage for diseases like breast or cervical cancer.
• Hospitalisation and outpatient expenses: Includes diagnostic tests and treatments.
• Preventive health check-ups: Regular screenings for early disease detection.

This ensures financial and medical security for women.

What is not covered in a women health insurance policy?

Women health insurance policies have certain exclusions. Common ones are:

• Pre-existing conditions: Coverage may be excluded or delayed during the waiting period.
• Cosmetic treatments: Procedures like aesthetic surgeries are not covered.
• Non-prescribed treatments: Expenses for treatments outside the policy scope.

Always review the policy details for a comprehensive understanding.

Major factors that affect women health insurance

Health insurance for women has become increasingly important, especially considering the rising healthcare costs. When it comes to purchasing women care insurance policy, it's essential to consider a few critical factors that may affect coverage and cost.

• Age is one of the significant factors that affects health insurance for women. As women age, they are at a higher risk of developing health problems, leading to higher premiums on their policies. Additionally, pre-existing medical conditions such as diabetes or hypertension can impact the cost of health insurance.
• Lifestyle choices also play a crucial role in determining the health insurance premium. Insurance providers tend to charge higher premiums who have certain lifestyle habits like smoking, drinking alcohol, or having an unhealthy lifestyle.
• Medical insurance for pregnant women is likely to cost more due to the additional medical attention and care that would be required during pregnancy and childbirth. Women who are planning to start a family should consider investing in a health insurance plan that offers maternity benefits.
• Single women may need health insurance that offers benefits for preventive care and emergency treatment. The best health insurance for single women would be the one that covers unique healthcare needs. You can customise the health insurance policy as per your needs. The health insurance premium for such policies depends on the coverages and add-ons chosen.

So, by taking these factors into consideration, women can make an informed decision when selecting a health insurance plan.

Eligibility criteria for buying women’s health insurance plans

Here’s the eligibility criteria for buying women’s medical insurance plans.