A health insurance plan is the right of every individual whether a child, man or woman. Health insurance coverage is a way to safeguard oneself against unexpected or unforeseen medical expenses. However, when it comes to securing oneself with health insurance, women do not have much choice. The healthcare needs of women are varied but women-specific plans choices are limited.
Women’s healthcare needs are more complicated and they are more prone to health risks due to ageing, pregnancy, etc. thus the needs of women are different. So, it is important to avail a dedicated health insurance plan for women that cater to their healthcare needs. Here is a detailed list of some of the handpicked health plans for women in 2021.
Covers the expenses of cosmetic reconstruction surgery arising out of accidental injury
Age at Entry: Minimum – 18 years, Maximum 65 years
Policy Tenure: 1 year
Bajaj Allianz Women Specific Critical Illness Insurance Plan
The plan is designed keeping in mind the financial and healthcare needs of women. The salient features of the plan are:
Offers coverage for 8 critical illnesses
Covers loss of job upon diagnosis of critical illness. The insurer provides INR 25,000 towards loss of employment provided claim for critical illness is paid under the policy
The insured is eligible to receive children education benefit up to INR 25,000 provided claim for critical illness is paid under the policy
Congenital disability benefit equivalent to 50% of the sum insured is paid if the female insured gives birth to a baby with a congenital disorder.
Tax Saving Instrument as it allows you to save tax under Section 80D of the Income Tax Act
Age at Entry: Minimum – 21 years, Maximum 65 years
Policy Tenure: 1 year
Care Joy Maternity Health Insurance Policy
This insurance plan is specifically designed to meet the maternity needs of a woman. The salient features of the plan are:
Cover for the new-born
100% increase in sum insured with NO CLAIM Bonanza
Offers insurance cover towards hospitalization expenses, ambulance charges, Pre and Post- Hospitalization cover, Daycare Treatment.
Single AC Private Room
Entry Age: For Adults – Minimum 18 years; Maximum 45 Years; For Child Minimum 1 day; Maximum 24 years
Sum Insured – INR 3 Lakhs or INR 5 Lakhs
Policy tenure – 3 years
Reliance HealthGain Policy
This policy can be availed by everyone but this plan provides a special Girl Child & Single Women Discount
This health insurance plan is comprehensive coverage that offers benefits like:
5 per cent discount on premium for single women or girl insured
Covers cost of in-patient care
Covers pre and post hospitalization expenses
Offers emergency ambulance allowance
Covers cost of domiciliary hospitalization
Bonus for each claim-free year of 33.33%
Age at Entry: Minimum – 5 years, Maximum 65 years
Policy Tenure: 1 year or 2 year
New India Asha Kiran Policy
This insurance plan is designed for the family having only girl children. The salient features of this policy are:
Covers hospitalization expenses including room rent, doctor consultation charges, medicine charges, etc.
Offers personal accident cover i.e. provides compensation in event of death or disability
Critical Care Benefit covering 11 critical illnesses
Covers pre-hospitalization and post-hospitalization expenses
Age at Entry: Minimum – 16 years, Maximum 65 years
Policy Tenure: 1 year
There is also one life insurance plan which is worth mentioning here. This is because this plan provides a health-specific premium waiver for female related complications!
HDFC Life Smart Woman Plan
This is a life insurance policy that ensures savings and financial security. The highlights of the plan are:
Premium waiver for 3 years in the occurrence of the following events
Diagnosis of malignant cancer of a female organ
Death of Spouse if availed Elite Option
The flexibility of partial withdrawal to meet financial contingencies
Tax benefit under section 80C and 10(10D) of the Income Tax Act, 1961.
Entry Age for Female Life: Minimum - 18 Years; Maximum -45 years
Entry Age for Spouse: Minimum 21 years; Maximum 50 Years
Maturity age for female life: Minimum 28 years; Maximum 60 Years
Maturity Age for Spouse: Minimum 31 Years; Maximum 60 Years
Policy Tenure: 10 years or 15 years
Annual Premium: Minimum INR 24000; Maximum INR 100000
Above are a few of the best and handpicked lists of health plans for women in 2020. If you are confused between any of the above-listed plans then the best option is to compare and choose the one that fulfils your needs and is heavy on your pocket.