Informative Guide to Health Insurance For Women In India
Updated On Oct 10, 2023
Women's health insurance in India is essential to ensure that the women of our country receive the treatment they rightfully deserve. And, yes, It's more than just policy and premium costs. In a diverse and dynamic society like ours, where women's healthcare needs often differ from those of men, specialised insurance plans have emerged as a flare of hope. These plans not only empower women to seize control of their health but also contribute to building a healthier and more equitable society.
So, in this blog post, let’s discuss Women Health Insurance in detail.
Table of Contents
- What is Women Health Insurance?
- Why is Health Insurance for Women Crucial?
- Top Perks of Buying Health Insurance for Women in India
- Factors Affecting the Eligibility Criteria for Women’s Health Insurance
- List of Documents Required for Women’s Health Insurance
- Considerations When Buying Women Health Insurance
- What is Covered in Women’s Health Insurance Policy?
- What is Not Covered in Women’s Health Insurance Policy?
- Process to Buy Health Insurance for Women from InsuranceDekho
What is Women Health Insurance?
As women age, their risk of facing significant health challenges increases. This is why women's health insurance becomes essential. It is a tailored form of coverage that is directly aimed at addressing the unique healthcare needs of women. This insurance offers financial security and ensures access to various services like maternity care, gynaecological care, and coverage for conditions that primarily affect women.
In simpler terms, women's health insurance strives to reduce the financial stress related to women's specific health issues, all while encouraging them to seek on-time medical help.
Why is Health Insurance for Women Crucial?
Here's a list of reasons explaining why having women health insurance is essential:
- Gynaecological Concerns: As women age, they may face significant gynaecological issues that can lead to major health complications. By opting for women's health insurance, you can manage the financial aspects of treating such conditions. These policies typically cover diagnosis, treatment, and surgery costs.
- Annual Check-ups: Routine preventive health check-ups become crucial for women as they age. These check-ups, including, blood pressure screenings, cholesterol tests, ultrasounds, etc. help identify health issues early but are pretty expensive to get done. Women's health insurance policy often covers the expenses of such routine check-ups, helping you reduce out-of-pocket costs.
- Critical Illnesses: Women can be affected by critical illnesses like breast cancer, which can be very expensive to treat. Health insurance for women covers hospitalisation, pre- and post-hospitalisation expenses, and surgery costs associated with such critical illnesses.
- Diabetes: Gestational diabetes can pose serious risks to women's health. Women's health insurance acts as a financial safeguard against complications arising from this condition.
- Other Health Concerns: In addition to the above, health insurance for women provides financial support during unexpected health emergencies, including accidents.
Top Perks of Buying Health Insurance for Women in India
The top 3 benefits of buying health insurance for women are as follows:
- Better Coverage: In comparison to Group Medical Covers (GMC), women's health insurance plans offer more comprehensive coverage. These plans are tailored to address the unique healthcare needs and concerns of women. They often include coverage for critical illnesses like breast cancer, cervical cancer, maternity benefits, and other issues.
- Tax Benefits: Premiums paid towards women health insurance can offer ample tax benefits, providing additional financial relief to policyholders. Premiums paid towards health insurance policies, including women health insurance, are eligible for tax deductions. This provides policyholders with tax benefits and reduces their overall tax liability.
- Financial Independence: You won't have to pay for large medical bills out of your pocket, thanks to women's health insurance. This financial security is crucial because medical expenses might be high and unforeseen. Moreover, knowing that you have a health insurance plan in place can provide peace of mind. You can focus on your career, family, and personal goals without worrying about the financial implications of a medical emergency.
Factors Affecting the Eligibility Criteria for Women’s Health Insurance
The eligibility criteria for women’s health insurance are based on the following factors:
- Age of the Women Being Insured: Women's health insurance policies often have age restrictions imposed by insurance providers. Depending on the insurer and the policy, different ages may be required for eligibility. It's noteworthy that the premium could go up as you grow older.
- Pre-Existing Issues: Eligibility and insurance premium costs might also be affected by the existence of any pre-existing medical issues at the time of purchasing the policy. Therefore, when applying for coverage, it's recommended to accurately report all pre-existing conditions.
- Lifestyle Factors: Lifestyle choices like drinking or smoking can affect premium costs and eligibility. Women who smoke or have a history of excessive drinking may be considered at greater risk, which would result in higher premiums.
List of Documents Required for Women’s Health Insurance
The documents required for women's health insurance vary depending on the type of policy you are interested in, the insurance company, and your own circumstances.
However, we have compiled a list of common documents that are generally required when applying for women's health insurance:
- Application Form
- Identification Proof such as a passport, driver's licence, or Aadhaar card.
- Address Proof such as a utility bill, rental agreement, or voter ID card.
- Medical History including any pre-existing conditions, past surgeries, or ongoing treatments
- Income Proof such as salary slips, income tax returns, or bank statements, to determine your eligibility and premium rates.
- Family Medical History, as certain health conditions, may have a genetic component.
- Recent passport-sized photographs for identification purposes.
- Information about your marital status and the number of dependents you have
- Health Checkup
- Payment details, which could be in the form of a bank account number, credit card information, or any other method accepted by the insurer.
- Nominee Details
Considerations When Buying Women Health Insurance
Stated below are the top things to remember when buying women health insurance in India:
- Wide-ranging Coverage: When purchasing health insurance tailored for women, it's crucial to select a policy that provides extensive coverage for various health situations. This means your insurance should assist in covering expenses such as doctor visits, hospital stays, surgeries, and even check-ups like regular health screenings. This ensures financial protection not just for major emergencies but also for your routine healthcare needs.
- Dedicated Policy: It's advised to get a personal health insurance policy even if you currently have health insurance via your employer. This is crucial since it ensures that if you switch your job, your health coverage will not be affected. No matter where you work, your specific policy will follow you and provide ongoing security.
- Adequate Sum Insured: Today's rising medical costs necessitate choosing a health insurance plan that provides adequate coverage. This refers to the sum of money the insurance provider is going to pay out for your medical expenses. For conditions like breast cancer, which can require expensive treatments, having a policy with sufficient coverage is crucial. It helps you avoid big financial burdens in case of serious illnesses.
- Smooth Claim Settlement: You obviously want the process to be simple and fast when you need to use your health insurance. Therefore, always look for an insurer that offers simple online claim procedures. In addition to this, make sure they offer 24*7 customer service in case you have any queries. We suggest you read online reviews of the insurance provider to know how they handle claims and how excellent their customer service is.
What is Covered in Women’s Health Insurance Policy?
- Gynaecological care, including routine check-ups
- Maternity benefits, covering pregnancy and childbirth
- Breast and ovarian cancer diagnosis and treatment
- Female-specific conditions like fibroids and endometriosis
- Daycare treatments
- Hospitalisation expenses, including room and medical procedures
What is Not Covered in Women’s Health Insurance Policy?
- Pre-existing conditions may have waiting periods
- Cosmetic procedures and elective surgeries
- Injuries from self-harm or substance abuse
- Maternity expenses during waiting periods
- Sexually transmitted diseases such as AIDS
- Permanent exclusions like injury in war, intentional injury, HIV, etc.
- Dental, hearing, and vision procedures
Process to Buy Health Insurance for Women from InsuranceDekho
Following are the 3 simple steps to buy Women Health Insurance from InsuranceDekho:
Step 1: Fill Up Your Details
The foremost step towards joining hands with InsuranceDekho as your Women Health Insurance provider is to visit the company’s official website and enter personal details like name, email ID, mobile number, gender, city, and other necessary details accurately.
Step 2: Compare Various Plans Online
After entering all your details, you will see a list of top insurance plans available as per your requirements. Now, compare all the available health insurance quotes and choose the plan that perfectly matches your budget and needs.
Step 3: Online Payment of Premium
Last but not least, choose the mode of payment and make the online payment of the insurance premium. Make sure you do it through a secured payment gateway in order to get the policy document at your registered email ID.
Health insurance is one of the biggest financial supports that a person needs against serious health conditions. With so many new diseases leaving life at risk, especially for women, having reliable insurance coverage is a must. So, it’s time for all the women out there to give utmost importance to their health and have a safety net for all medical expenses. To know more about this insurance policy, you can contact us. We at InsuranceDekho will surely help you get the best coverage as per your requirements.