Health Insurance Plans Exclusively for Women
Updated On Apr 27, 2021
Health insurance should be a priority for Indian women as it will help them to cater to their health care needs specifically. It is also true that women's specific health problems such as breast cancer, uterine fibroid, osteoporosis, etc. are on the rise, and should levy a huge impact on their financial health. Both working women and stay at home parents should have a minimal health cover of at least Rs. 5 Lakh to handle future health care costs at ease.
Why Do Women Need Health Insurance Cover?
Women after 40 years of age are vulnerable to a series of health problems that are associated with their menopause. The following reasons will substantiate why women should have adequate insurance cover and financial backup.
- Some of the common cancers such as cancers of the breast, uterus, and ovaries are specific only to women
- The majority of the women have to undergo maternity expenses, which is directly proportional to the complications of childbirth.
- Women need not depend on their spouse or parents to pay for their healthcare costs if they have adequate insurance coverage.
- Women can have access to quality health care without fearing expenses and without compromising on the quality of care.
- There are special plans that offer maternity cover for women up to two pregnancies.
- They can use the premiums paid for the policy for tax benefits.
Insurance Plans That Are Exclusive for Women
There are many health insurance plans for women in India that are designed to render them exceptional healthcare benefits. These plans are as follows:
| Insurance Plan | Term of the Policy |
Entry Age |
Renewal | Benefits |
| HDFC Life Smart Women Plan | 10 to 15 years | 18-45 years | Every 2 years | Insurance and investment plan. It offers coverage of at-risk pregnancies, female-specific cancers, and the death of a spouse. Sum assured will be 40 times the annual premium |
| TATA AIG Women Policy | 1 year | 18-65 years | lifetime | It Covers 11 critical illnesses including cancers. Covers hospitalization expenses, plastic reconstructive surgeries after accidents, and ambulance services |
| Bajaj Allianz Women Specific Critical Illness Insurance plan | 1 year | 21-65 years | lifetime | Covers about 8 women-specific critical illnesses and also offers benefit for women with congenitally abnormal babies. The plan also offers loss of employment cover and children's education bonus. |
| Star Wedding Insurance policy | 1-2 years |
18-40 years | After 45 years | Offers maternity cover and newborn baby cover for two deliveries. Covers in-patient are, pre and post hospitalization expenses and daycare procedures. |
| Religare Joy Maternity Health Insurance Policy | 3 years |
18-45 years | Lifetime | Renders maternity and newborn baby cover. Covers pre and post hospitalization expenses, daycare treatment, and inpatient care. Offers a No-claim bonus benefit as well. |
Bottom Line
Several health insurance companies in India offer exceptional health care plans for women. They must choose the right plan that satisfies their needs such as critical illness cover, maternity benefits, and cashless hospitalization facility. Women should choose a cover with the right sum assured and compare plans before leveraging on the best fit plan. Most importantly they should choose a plan that offers them adequate coverage.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
