Women health insurance is a type of health insurance coverage policy designed specifically for women. Women undergo more stress than men on a regular basis. They have to work in the office and at home, taking care of the children, maid, parents, house, and much more. Due to the recent COVID-19 pandemic, women are working harder than ever. In addition, women are also subject to critical illnesses and life-threatening diseases such as breast cancer, ovarian cysts, and other ailments specific to their body.
Nowadays, women health insurance plans also cover expenses related to COVID-19 treatment.
Keeping all of these factors in mind, many health insurance companies have come with women-centric health insurance coverage policies.
Here is a list of the best women health insurance coverage plans in India for 2020. Get complete details on each of health insurance plans online, only on Coverfox.
| Plan Name | Policy Term | Entry/Renewal Age | Incurred Claims Ratio (2018-19) |
|---|---|---|---|
| Reliance Health Gain Policy | 1 year to 2 years | 94% | |
| New India Asha Kiran Policy | 1 year | 103.74% | |
| Care joy Maternity Health Insurance Plan | 3 years | 55% | |
| Star Wedding gift Insurance Plan | 1 year to 2 years | 18 years to 40 years/up to 45 years | 63% |
| Bajaj Allianz Women Specific Critical Illness Insurance Plan | 1 year | 85% | |
| Tata AIG Wellsurance Woman Policy | 1 year | 78% | |
| HDFC Life Smart Woman Plan | 10 years to 15 years | 62% |
The information mentioned above has been sourced from the official website of the respective insurers. The incurred claim ratio has been taken from IRDAI’s annual report for FY 2018-19.
It is advisable to purchase a women health insurance plan for yourself. It will only help you in case of an emergency. It is better to be prepared for an emergency like situation at all times.
A women health insurance coverage plan is an excellent option for all women. It will shield you from the financial loss arising due to a medical emergency and hospitalization. It is advisable for single women to purchase a women healthcare policy.
In case you are planning to start a family in the near future, your woman health plan can be included with maternity insurance and newborn baby cover. This will help you save expenses arising from childbirth and pre/postnatal needs.
If you have a history of critical illness/life-threatening diseases among your family members; or are genetically predisposed to conditions such as diabetes, heart-stroke, breast and cervical cancer, ovarian cysts, pregnancy issues, gynecological complications, and much more, you must buy a women health insurance plan today as the following ailments mentioned above might not be covered under your standard medical policy.
In short, here are six reasons to purchase a women health insurance cover:
Women-centric healthcare and medical insurance plans are readily available in the market at an affordable premium. Female insured lives are charged a lesser premium in comparison to male lives.
Having a baby comes with lots of expenses related to childbirth and maternity. A woman healthcare policy will help you meet these expenses.
Preventive health checkups and medical reports are covered under a women medical policy.
Pre/post-natal cover along with expenses related to a newborn baby
Option to add children in the existing policy coverage
Now you can purchase a women health insurance policy online. Get top health insurance premium quotes from the best health insurance companies in India for 2020, online-only on Coverfox. In addition, you can also compare and renew your existing/old healthcare policy on Coverfox for free. Calculate the premium using the Health Insurance Premium Calculator.
Here is a list of things to consider before you make the final decision to buy a women health insurance plan:
1. Policy Term and Premium Payment Term
2. Amount of Sum Insured/Scope of Cover
3. A general list of Exclusions and Inclusions
4. Waiting Period for Pre-Existing Diseases
5. Maternity/Childbirth/Newborn Baby Cover
6. Lifelong Renewability Option
7. Option for Co-Payment
8. Cashless and Reimbursement Option
9. No of Network Cashless Hospitals
10. AYUSH Benefit
11. Organ Donor Expenses
12. Critical Illness Cover
13. Pre and Post Hospitalization Expenses Cover
