4 Benefits of Buying Health Insurance for Women

It is said that a woman is the backbone of a family. She keeps the wheel spinning at all times. Some might even go on to say that a home without a woman is no home at all! A woman plays such an important role in everyone’s day-to-day life life. Be it a mother, sister, wife, daughter or even a female friend. But does a person of such importance pay enough attention to her own self? We would say hardly.

4 Benefits of Buying Health Insurance for Women - Acko

Ensuring that a woman gets all the medical attention she needs at the right time can be achieved  by managing finances finances. Health insurance is the perfect solution to this. In this article, we will explore the benefits of buying health for women.

Benefits of Buying Health Insurance for Women

#1 Financial independence for healthcare

Today, women are excelling in each and every field. Their confidence and courage have led them to become financially independent. However, it may get hampered when the woman cannot work due to a medical condition. Health insurance for women can provide complete financial independence in such a situation. Health insurance will provide financial aid for treatment resulting in proper recovery without hiccups.

#2 Maternity expenses

The maternity cost has increased exponentially in the past few years. What begins with regular check-up, ultrasound, medicines, slowly and steadily escalates to hospitalization, pre and postnatal care, etc. Without an insurance cover, these costs can have a huge impact on the savings of a family. Thus, buying health insurance plans that include maternity expenses is beneficial. Here are the basic coverages under a maternity health insurance plan.

  • Pre and post hospitalization – Usually the expenses of 30 days before hospitalization and 60 days after delivery are covered. The duration can depend on the terms and conditions of the insurance company.
  • Delivery type – A baby can be born via any one of the two methods of delivery – cesarean or normal delivery. Both these types will be covered under the maternity benefit.
  • Newborn baby cover – Newborn babies could be covered up to a period of 90 days from birth. The cover may get extended if a serious disease is detected.

#3 Tax Benefit

Buying a health plan can allow tax benefits under section 80D of the Income Tax Act, 1961. You can claim up to rupees 25,000 on health insurance premium for yourself, your spouse, parents or children. The benefit increases to Rs. 50000 when health insurance premium is paid for senior citizen parents.

#4 Critical Illness

Different types of critical illnesses are covered under a women’s health insurance plan. Women may suffer from peculiar diseases like breast cancer, fallopian tube cancer, uterine/cervical cancer, ovarian cancer, vaginal cancer, permanent paralysis of limbs, multitrauma, burns, etc. Once a critical illness is discovered, your health insurance plan may cover the entire cost of treatment via a lump sum amount.

How to Buy Health Insurance for Women?

Buying a medical insurance plan for a lady is very easy if done online. For that matter, buying any insurance plan online is easier than buying the policy offline. First analyze your requirements, for example, ask yourself questions like do you require a maternity cover in your health insurance benefits? Is anyone in your family suffering from a critical illness? Once you know your expectations from your medical insurance, you can begin hunting the exact plan. Comparing various health insurance plans will also be beneficial at this stage.

Once you finalize your health insurance benefits, visit the insurer’s website and enter the required details. Get a medical checkup scheduled if asked by the insurer. You can then review the policy by reading the coverage, exclusions, and terms and conditions of the policy before making the payment. Once your application is processed, your policy will be sent to your registered email address.

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