Health Insurance For Women: Why You Must Pay Attention Today?
Women are natural caregivers and nurturers. However, they often forget to look after themselves. It is high time to change the narrative!
Did you know around 50 million women in India suffer from Reproductive Health Problems? According to the data provided by WHO, India has a much higher maternal mortality rate than other countries with 174 deaths per 1 lakh live births.
Moreover, anaemia affects over 50% of women of reproductive age in India leading to multiple complications during pregnancy and childbirth. In similar findings of a survey conducted by Future Generali across the country, it was found that:
- 74% of women in India are not involved in health insurance decision-making in their households
- 75% of women feel that their health insurance plans are not providing them with enough coverage
Over time there have been multiple surveys promoting the importance of investing in health insurance for women.
We discuss the multiple benefits you are entitled to on investing in health insurance for women. Keep an eye out for some of the best women-centric health plans out in the market.
Top Women Health Insurance Plans 2024
Some recent launches and some existing women’s health insurance are mentioned in this section to help you make the right purchase decision:
| Women Health Insurance Plans | Why We Like It? | Eligibility |
| Niva Bupa Aspire | IVF, Surrogacy, Adoption, Pre-Natal check-ups and Vaccination cover | Min Entry Age: 18 Years |
| Future Generali Women Powher (New Launch) | Wellness support, Preventive screening, Menstrual health cover | Min Entry Age: 18 Years |
| Star Women Care | Maternity care, Modern treatments, Miscarriage | Min Entry Age: 18 Years |
| Care Joy | Newborn cover, 540 Daycare procedures, Newborn birth defects | Min Entry Age: 18 Years |
| HDFC ERGO Women Suraksha Cancer Plan | Osteoporosis cover, Cancer cover, Post diagnosis support | Min Entry Age: 18 Years |
Women Healthcare: Treading On A Tightrope
While playing the important roles of a daughter, wife, sister, and mother, singlehandedly, they often overlook their healthcare needs. Due to multiple reasons, women often forget the importance of healthcare.
Some common reasons are:
- Lack of education in small cities and villages, wherein women do not have access to higher education leads to a lack of awareness about medical care and health insurance.
- Poor socio-economic background often means the inability to spend on good health insurance for women.
- Often families have a patriarchal hierarchy which means the man of the house makes important financial decisions including which health insurance to invest in. This often, mostly unknowingly, leads to insufficient health coverage for women-specific ailments.
- Lack of funds for many Indian families prevents them from investing in separate health plans for family and women-centric health plans.
- Prioritising family needs over own healthcare needs is one of the biggest challenges to achieving optimal healthcare services. Women are most often engrossed in domestic roles and ignore the need to visit clinics and hospitals for regular healthcare check-ups.
Women Health Insurance: Why You Must Invest In One Today?
There are various benefits embedded in health insurance plans for women. Let’s discuss a few in detail.
- Coverage For Gender-specific Ailments
Not all health plans cover you for maternity concerns, pre and post-natal care, critical ailments for women, etc. To gain adequate coverage for women-centric medical concerns, it is essential to avail of a woman’s health insurance.
- Peace Of Mind
With rising costs of medical care services, investing in health insurance for women prepares a financial cushion for expensive medical care support for women-specific treatments.
- Supports Your Motherhood Journey
Multiple women health plans have recently gained footing in the market such as Niva Bupa Aspire which offers support to women trying to conceive through modern reproductive treatments such as IVF which are generally not covered by most health insurance plans.
- Wellness Support
Investing in women health insurance ensures you have access to wellness services like fitness rewards, webinars for women-centric issues, annual health check-ups, and more.
- Tax Benefits
Investing in a women-centric health plan ensures a secure future and empowers you financially by acting as a tax savings tool. You are eligible for tax benefits under section 80D as per the prevailing income tax laws in India.
Final Word
With a growing list of women-centric ailments like breast and cervical cancer, PCOS, and menstruation-related problems – getting a health insurance plan should be your top priority. Securing your health in your 20s will save you the extra premium you might have to pay in your late 30s or 40s.
Take charge of your own financial and physical health with the help of the best insurance experts in the market – PolicyX. The brand comes with a decade of experience in guiding individuals through the tides of health insurance and 24/7 customer support for all your insurance-related queries.