All You Need to Know About Women-specific Critical Illness Insurance

Women have special needs when it comes to medical attention. If a woman is diagnosed with a critical illness, it can cause a heavy blow to her family. The devastating effect can be emotional as well as financial. In such a situation, securing the finances with the help of women-specific critical illness insurance could be of great help.

All You Need to Know About Women-specific Critical Illness Insurance - Acko

What is a Critical Illness Health Insurance?

Critical illness is a collective term referred to a life-threatening illness. Critical illness insurance offers a lump sum amount in case you are diagnosed with a listed serious condition after buying the policy. Buying a critical illness policy can prove to be a major financial help if we consider the skyrocketing costs of availing medical treatment for any major illness like cancer. One can use this financial help for any purpose say treatment, clearing any debts or save it for the future.

What are the benefits of a Women-specific Critical Illness cover?

The benefits offered by a women-specific critical illness cover are different than a normal critical illness health insurance plan. Let’s take a look at the coverage offered by this kind of health insurance:

Breast Cancer

Breast Cancer can occur when the cells in the milk-producing ducts or other cells in the surrounding areas begin to grow abnormally. According to research, hormonal, lifestyle and environmental factors may cause breast cancer.

Fallopian Tube Cancer

On rare occasions, cancer may develop in the tube that connects the ovaries to the uterus. It can mostly affect women between the ages of 50 to 60 years; however, age might not be a factor in rare cases.

Uterine Cancer

Cancer in the uterus can be identified in case of abnormal bleeding, discharge, pain with urination, and/or pelvic spasms. To reach a definite diagnosis your doctor may ask you to undergo a biopsy, X-ray, and/or CT or MRI scans.

Other types of cancer covered are Ovarian Cancer, Vaginal Cancer, and Cervical Cancer.

Congenital Disability Benefit

Congenital Disability is a condition that a baby may suffer by birth. Women-Specific critical illness insurance may include these benefits because giving birth to a child is a natural process carried out by women. The plan may pay 50% benefits depending upon the terms and conditions of the health insurance company. The list of congenital disabilities may include:

  • Down’s Syndrome
  • Congenital Cyanotic Heart Disease
  • Trachea-esophageal Fistula
  • Cleft Palate with or without cleft lip
  • Spina Bifida

This benefit may be available only for the first two children born to the policyholder before she turns 40 years of age.

Other Benefits

Tax Benefits

Under section 80D of the Income Tax Act, 1960, you might be eligible for a tax benefit on a women-specific critical illness policy. Remember to use a digital method of payment while buying your policy as cash transactions are not admissible for a tax benefit.

Children’s Education

Some Indian insurer’s offer an additional benefit of around Rs. 25, 000 for your child’s education if you are diagnosed with a critical illness. 

How to buy a Women-Specific Critical Illness Cover?

You may have to do a little research to find an insurance company that offers a women-specific critical illness plan. Once you select your insurer, visit the company’s website to buy online health insurance. Buying online health insurance helps you buy the policy at a lower price and you can also compare its features and benefits with other plans.

The bottom line

Remember that all hope is not lost when you are diagnosed with a critical illness. With proper treatment and care, the risks associated with this illness can be mitigated.

Read informative Health Insurance Articles at Acko.

Read all our insurance & non insurance related articles here.