A Guide to Buying Health Insurance for Women

Introduction

Today’s women are eliminating the obstacles that society has built up over the ages. They might be unemployed or employed, but they now have the financial freedom to choose their own paths in life and manage their family’s finances.

However, a woman faces several difficulties in her life when it comes to her health. Breast cancer, undernourishment, poor maternal health, etc., are all major concerns for women’s health in India.

Women should exercise caution since they start to be more susceptible to health concerns as they become older. Early plan purchase reduces the likelihood that a person will have a pre-existing condition while obtaining coverage.

However, a disease-specific health plan is the greatest option if a woman already has a health issue, such as diabetes or hypertension, as it provides the appropriate financial cover.

Numerous women are affected by significant health conditions like ovarian cancer, breast cancer and cervical cancer. Women need to be aware of these illnesses to take the necessary steps for their safety, such as choosing a critical illness insurance policy.

If we consider the medical inflation that has put many individuals in financial difficulty, choosing health insurance for women is essential.

Guidelines before buying health insurance plans for women

Try to consider these factors before buying health insurance plans for women.

Buy a health insurance plan early

Buy a health insurance plan early as many girls between the ages of 15 and 16 are reported to have diseases like thyroid or hormonal imbalance. At the same time, there is a 2–4 year waiting time for the majority of pre-existing conditions. Hence , it is advised that you get health insurance plan at an early age.

Consider your family history and lifestyle

If you already have a family history with certain diseases, such as heart disease, you need to choose the right policy with a wider range of coverage.

Maternal cover

There are numerous health insurance plans that include maternity coverage for women if you want to grow your family. Despite the fact that just a few insurance companies offer maternity coverage, it also has a waiting period. It is advisable that you select an insurance plan that just covers pregnancy.

Benefits of buying health insurance for women

Annual health checkup

A woman can keep track of her health status and receive prompt medical attention by receiving an annual health checkup, which is one of the essential characteristics.

Financial independence

Women are achieving success in every sector today. They have achieved financial independence as a result of their boldness and confidence. When a woman is unable to work because of a medical problem, things may become difficult.

In such a circumstance, women’s health insurance can offer total financial independence. Health insurance might cover the cost of treatment, ensuring a smooth and successful recovery.

Tax benefits

Under section 80D of the Income Tax Act of 1961, purchasing a health insurance plan may be eligible for tax benefits. You may deduct up to Rs. 25,000 from the cost of health insurance for you, your spouse, your parents, or your kids. When parents with advanced age pay their health insurance premiums, it might rise up to Rs. 50,000.

Critical illness

A women’s health insurance plan will cover a variety of vital conditions. Breast cancer, fallopian tube cancer, uterine/cervical cancer, ovarian cancer, vaginal cancer, persistent limb paralysis, multiple trauma, burns, etc., are uncommon diseases that affect women.

Your health insurance plan might provide coverage to cover the total cost of treatment and also lumsum payment once a critical disease is diagnosed based on the policy opted.

Conclusion

Women in India face various health challenges and risks at different stages of their lives. Every women must ensure to buy health insurance which can provide financial protection and peace of mind in case of medical emergencies or critical illnesses.

Women can choose from various types of health insurance plans such as Family Floater, Maternity, or Critical Illness plans that cater to their specific needs and preferences. They should also compare and evaluate different health insurance plans and choose the best policy that provides plenty of benefits to them.