Women-specific insurance plans starting @ Rs. 20/day
✅Zero out of pocket costs ✅Tax Benefits Under Section 80D ✅Maternity insurance
Everyone should have health insurance, irrespective of gender. However, the point to note is that the requirements can vary depending upon the gender. Thus, it is crucial to understand different aspects of health insurance for women. For example, a woman’s body undergoes a lot of changes post 30s and 40s. Pregnancy-related factors, lifestyle, etc., play a huge role in this regard. All this enhances the need for comprehensive insurance. Read ahead as we explore the ‘women insurance’ topic in detail.
Here’s a list of reasons highlighting why health insurance for women is crucial.
As women age, they might have serious gynaecological concerns. Issues such as fibroids, cysts, etc., can come up that can lead to health complications. Health insurance for women can help with managing the financial aspects associated with treating these issues.
A comprehensive women's health insurance policy will typically cover the costs of diagnosis, treatment, and surgery for these conditions. In addition to covering the costs of treatment, health insurance can also provide peace of mind. Knowing that you have coverage in case of a gynaecological problem can help you to relax and focus on your health.
Women can encounter critical illnesses such as Breast Cancer. Treating such diseases can prove to be costly. For instance, the cost is dependent on the stage of the Breast Cancer as well. There can be different types of therapies involved, such as chemotherapy, targeted therapy, etc. Without adequate insurance support, meeting such needs can be challenging.
A wide-ranging policy will cover pre-hospitalisation and post-hospitalisation expenses as well along with covering the hospital and surgery costs. Knowing that you are covered under insurance for women’s health will ensure peace of mind.
Gestational diabetes can be a serious cause for concern among women. It can cause several complications, which can in turn lead to various issues. Here, insurance for women’s health can be a financial safeguard.
As women age, it is extremely important to have regular preventive health check-ups. Annual check-ups can help identify health issues at an early stage so that timely action can be undertaken. Some of the check-ups that are commonly done are mammograms, blood pressure screening, cholesterol issues, etc. Insurance for women’s health covers expenses incurred towards such preventive check-ups up to a predefined limit. This means that you will not be required to incur out-of-pocket expenses till the covered limit for such preventive check-ups.
Apart from the concerns mentioned above, other health-related concerns such as a health emergency due to an accident are also possible. Here, women’s health insurance can provide the much-needed financial support.
Also, it is recommended to get insured at the earliest. Waiting for one to age and then thinking of buying health insurance can prove to be costly both in terms of the payable premium as well as the lack of coverage in the case of unexpected medical expenses when one is not covered.
The following factors can impact women’s health insurance.
Age is the defining factor when it comes to insurance for women’s health. For example, let's say two women are looking to buy health insurance. The first woman is 20 years old, and the second woman is 40 years old. The 20-year-old woman is likely to pay a lower premium than the 40-year-old woman. There are a few reasons for this. First, younger women are less likely to have health problems than older women. Second, younger women are less likely to need expensive medical care. Therefore, it’s ideal to get insured as early as possible.
Your health profile matters in totality, which means your past health as well as your current health is of significance. Your past medical history, including any major illnesses in the family, and your current health will determine if you are eligible for women's health insurance, and what would be the premium charged for it.
For example, someone with a pre-existing condition, such as diabetes or heart disease, will be charged a higher amount of premium than someone who does not have any pre-existing illnesses. Similarly, someone who is overweight or obese will also be charged a higher premium than someone who is of ideal weight. This is because insurers analyse your health profile to assess risks. If you are at a higher risk of needing medical care, you will be charged a higher premium.
Habits like smoking and drinking can be counterproductive not just for your health but also while availing of health insurance. This is because they can derail your health and increase your payable premium.
Smoking is a major risk factor for many health problems. Heavy drinking can also lead to health problems, such as liver disease. Insurers also often charge higher premiums to smokers and drinkers because they are at a higher risk of needing medical care.
In addition to increasing your premium, smoking and drinking can also make it more difficult to get health insurance. Some insurers may refuse to cover smokers or drinkers altogether, while others may charge them higher premiums or place restrictions on their coverage.
The type of policy you choose also impacts the premium and the coverage. If you choose a women’s health insurance policy for you alone, it will have a different impact on the premium than being part of a family floater policy where the sum insured is shared with the family members. The coverage can also differ.
An individual policy will give you focused coverage, but the premium will be higher. A family floater policy will cover other members as well, but the premium will be comparatively lower than what it would have been for all the members to buy an individual policy for themselves.
Opting for women health insurance can offer several benefits. Here’s a list.
A Group Medical Cover (GMC) although useful can be limited in terms of sum insured. It also lasts only till you are employed. Coupling it with a dedicated women’s health insurance policy for yourself will offer better coverage than GMC.
While a GMC plays a huge role in covering maternity-related expenses, an individual plan can be relied upon for major medical issues. Thus, both can work in conjunction. That’s why it’s beneficial to have a dedicated individual health insurance for women along with a company-offered GMC.
The amount of tax benefit you can claim depends on the amount of premium you pay and your income. This is an additional benefit that comes along with having financial cushioning in case of medical issues.
With insurance for women's health, you don't have to be concerned about managing medical expenses out of your pocket. This can give you peace of mind and financial security. A women's health insurance plan can help you achieve financial independence by covering the cost of your medical expenses. This can free up your money so you can use it for other things, such as saving for retirement or your child's education.
Consider investing in medical insurance for women that is designed for your needs. This can help you manage the financial burden of medical expenses and give you peace of mind knowing that you are covered.
Also, with digital-first health insurance for women you can gain access to top hospitals without worrying about escalating bills. Receiving timely medical care from professionals can make a lot of difference regarding diagnosis, treatment, and recovery.
Keep the following factors in mind while buying health insurance for women.
Some basic health plans may offer coverage for minor ailments at a lower premium, but these plans may not be enough to cover the cost of more serious health problems. If you are diagnosed with a critical illness or have an unexpected medical emergency, a basic plan could leave you with a financial burden. To avoid this, it is important to choose a women's health insurance plan with comprehensive coverage. This will make sure that you are covered in the event of a medical emergency.
What this means is that your women health insurance policy should cover expenses that occur prior to hospitalisation, during the hospitalisation, and after the hospitalisation. Coverage for preventive check-ups and services like tele-consultations are also advantageous.
If you are a working professional, you may have a group health insurance plan through your employer. This plan may seem like enough coverage, but it is important to also have an individual health insurance policy.
Here are some reasons why:
If you leave your job, your employer-offered coverage will end. An individual health insurance policy will be helpful till the time you find a new job or if your new employer does not offer health insurance.
Your group health insurance plan may not cover all your needs. For example, it may have a lower sum insured. An individual health insurance policy can be customised to meet your specific needs.
Your group health insurance plan may have high deductibles and copays. This means that you may have to pay a lot out of pocket for medical care. An individual health insurance policy can offer zero deductibles and zero copays.
Thus, even if you have a good group health insurance plan, it is still a good idea to have an individual health insurance policy. This will give you peace of mind knowing that you have coverage, no matter what happens.
Health experts predict that medical costs will continue to rise in the future. This is due to a number of factors, including lifestyle issues, the increasing prevalence of chronic diseases, and the rising cost of new technologies.
As medical costs rise, it is important to have health insurance to protect yourself from financial hardship. Health insurance can help you pay for the cost of hospitalisation, doctor's visits, and other medical expenses.
Women are especially vulnerable to rising medical costs. This is because they are more likely to encounter specific health conditions, such as breast cancer and ovarian cancer. For these reasons, it is especially important for women to have a health insurance policy with a higher sum insured that can cover high medical costs so that you do not have out-of-pocket expenses.
Purchasing health insurance at an early age can be beneficial for women in a number of ways.
First, health insurance premiums are generally lower for younger people than for older people. This is because younger people are healthier and less likely to need medical care.
Second, women are more likely to experience certain health conditions, such as breast cancer and ovarian cancer, as they get older. By buying health insurance at an early age, women can lock in lower premiums and ensure that they have coverage for these conditions.
Third, health insurance can help women pay for preventive care.
Finally, health insurance can provide peace of mind. Knowing that you have coverage can help you feel more financially secure if you do need to seek medical care.
Look for an insurer that ensures smooth claim settlements. This means that the insurer’s processes are digital (can be accessed via website/app), customer support is 24x7, and online reviews are positive.
What is covered?
What is not covered?
The following coverages are offered by the ACKO Platinum Plan. Please refer to the policy wordings to know precise coverages.
Here are some instances that are not covered under a women health insurance policy. Please go through the respective policy wordings for details about exclusions.
Doctor visits undertaken in person that are unrelated to hospitalisation
Hospitalisation across the world
Maternity as per terms and conditions
The eligibility criteria for insurance for women’s health and the premium charged for the policy usually depend upon the following criteria.
The age of the women being insured
Pre-existing illnesses while purchasing the policy
Lifestyle factors (smoking or drinking habits)
Digital-first insurance companies do not need a long list of documents for offering insurance for women’s health. However, the following might be needed on a case-by-case basis.
Medical reports of tests that have been asked to perform as a part of the policy application process.
Identity-related documents such as an Aadhaar card.
Any other document deemed necessary for premium estimation.
If you are looking for women’s health insurance, you can buy the ACKO Platinum Plan. Here’s how to go about it.
Visit www.acko.com and select the health tab.
Click on check prices.
Click on see all ACKO health plans.
Select and customise the ACKO Platinum Health Plan.
Go through the details and purchase it online.
Women health insurance is a health insurance policy for women where their health insurance needs are taken care of. It works like any other policy where insurance coverage is offered for covered scenarios and not offered for exclusions. In case of a covered medical issue, the insured can raise a claim and the insurer will settle it based on the applicable terms and conditions.
Yes, you can buy health insurance for women online from ACKO. Simply visit www.acko.com, click on the health tab, and purchase the ACKO Platinum Health Plan for yourself. Please go through the details mentioned during the purchase journey to understand your policy. In case of any doubts, feel free to contact our customer support. We are available on email as well as on call. In case of queries, you can email us at [email protected] and if you prefer discussing over a call, then reach out to us at 1800 266 2256.
Yes, it is worth having a dedicated insurance plan for yourself, especially if you are a woman, as health issues tend to escalate beyond 30s and 40s due to pregnancy-related and age-related changes in the body. It is particularly helpful if the policy is purchased at an early age.
The best age to get women’s health insurance is at the earliest, probably in your twenties. This is because the premium charged will be lower since one is less likely to face serious health issues in their twenties. The premium will rise with age, but will be lower than what it would be if one is to purchase it in their 40s.
Maternity is not covered under the ACKO Platinum Health Plan.
The ACKO Platinum Health Plan has zero waiting period; however, this can vary from a case-by-case basis.
Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.