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Factors to Consider While Buying Women Health Insurance Schemes Research Team | Posted On Friday, May 31,2019, 11:57 AM

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Factors to Consider While Buying Women Health Insurance Schemes



Surveys reveal that women in India are more prone to health issues than men. Be it a working woman or a homemaker, most of the women are busy trying to meet the expectations of people around them. In this process, they forget to devote time for themselves and their own health. So, a woman needs special care and attention when it comes to medical treatment and hospitalization.

Some health insurance companies have introduced woman health insurance to address woman-specific health issues in an effective manner. These health insurance policies address woman-centric health problems like PCOD, STDs, osteoarthritis, heart attacks, UTIs, diabetes and so on. This helps women avail the best medical facilities across India through network hospitals.

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Factors to Consider While Buying Woman Health Insurance Schemes

The Need for Woman Health Insurance:

Outlined below are the reasons to avail woman health insurance:

Protection of Health: Health insurance protects your money, as it covers hospitalization expenses.

Protection Against Rising Health Care Costs: You don’t need to run from pillar to post, begging from friends and relatives, if you have a health insurance plan. Insurers also offer the cashless facility to reduce out-of-pocket expenses, where insurers directly settle medical bills with the hospital.

See Also: Insurance Policies For Women

Financial Protection Against Emergencies: During medical emergencies, you can avail timely and adequate treatment with a health insurance plan. A health insurance plan helps remain stress-free and prepped for future emergencies.

Productive Utilization of Money: Availing health insurance policies are a kind of saving. It helps you maintain stable finances during medical emergencies and you enjoy the best healthcare facilities at the best of hospitals.

Factors Woman Should Consider Before Buying Health Insurance Policies:

Health insurance plans help remain stress-free and avail timely medical care in emergencies. You don’t need to worry on meeting medical costs, if you already have a good health insurance policy in place. Listed below are the factors you must consider before purchasing a health insurance plan:

Medical Facilities: Make sure your health insurance policy covers maximum network hospitals and also expenses for surgeries. A good woman health insurance policy must have maternity cover along with critical illness plan and no claim bonus.

Coverage: A good health insurance policy covers maximum expenses along with added benefits and features. Make sure to check the exclusions and waiting period of your health insurance policy.

Claim Settlement Ratio: Before finalizing the health insurance plan, make sure to go through the claim settlement ratio of that particular insurer. An insurer with a good claim settlement ratio ensures smoother and faster settlement of claims.

Renewal Policy: A good health insurance plan must offer the renewability option till the age of 60 to 65. Some health insurance policies offer lifelong renewability. This helps you stay covered for a maximum period and meet medical and hospitalization costs.

Tax Saving Benefits: Apart from providing coverage for medical treatment, health insurance policies in India also offer tax benefits under Section 80D of the Income Tax Act, 1961.

See Also: Government Health Insurance Schemes In India

How Women Can Find the Best Health Insurance Plans in India:

Given below are some important tips to find best woman health insurance plans in India:

  • Select a policy that offers pre and post hospitalization coverage and covers daycare procedures and domiciliary expenses.
  • Check if your policy has special coverage like maternity benefits and newborn coverage.
  • Try to avail a health insurance policy before the age of 30. It is difficult for you to get a plan which meets your requirements, if you take a health insurance plan in your 40s or 50s.
  • Look for health insurance plans that extend coverage for woman-centric ailments like PCOD, cervical cancer, breast cancer and so on.
  • Make sure your health insurance policy covers the best hospitals, offers cashless facility and has a seamless claim settlement process.

See Also: Health Insurance Plans

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