Introduction
Women care insurance policy is a specific type of health insurance that addresses various healthcare needs of women. It covers a broader spectrum of diseases that are exclusive to women, such as cervical cancer, ovarian cancer, breast cancer, and reproductive health-related conditions. Here, we will explore in depth the different features of women’s health insurance policies and their advantages.
Benefits of a Women Care Insurance Policy
These policies act as a protective shield, safeguarding your financial expenses while getting high-quality treatments. Here are some of the benefits of a women’s care insurance policy.
1. Cashless Hospitalisation
Policyholders most commonly prefer cashless hospitalisation, a feature offered by all types of health insurance policies. It provides essential backup to undergo any treatment without thinking about the availability of on-hand cash. Additionally, cashless hospitalisation reduces the hassle of undergoing manual paperwork at the time of admission. Thus, you can solely focus on your treatment and recovery process.
2. Coverage for Pre and Post-Hospitalisation Costs
The majority of these women’s care insurance policies cover all expenses related to doctor’s consultations, diagnostic tests, and treatments. Insurance providers offer this benefit for a specific duration. Most of these health insurance plans provide pre- and post-hospitalisation coverage for 30-60 days before and 60-90 days after hospitalisation. This aspect varies from insurer to insurer, depending on the specific terms and conditions of each policy.
3. Covers Recurring Costs
If any women are at higher risk of getting diagnosed with any serious or chronic illness, they may require ongoing therapies, such as chemotherapy or radiation therapy. A women care insurance policy covers ongoing medical expenses associated with the treatment of these conditions. Thus, it guarantees that they will receive the finest care throughout their life.
4. Yearly Health Check-ups
These policies provide free annual health examinations, which help them track their health. It will allow them to monitor their health and take preventive measures to stay active and fit. Keeping track of their health on a monitoring basis will prevent the possibility of any kind of serious complications, like breast cancer, cervical cancer, or ovarian cancer.
5. Maternity Coverage
It offers essential support for your maternity journey, covering key procedures such as prenatal and postnatal care, vaccinations, and C-sections. This policy can provide coverage for up to two deliveries in the entire lifetime of the policy coverage period. Additionally, it covers assisted reproduction treatment expenses that are included once in the policy period at the time of sub-fertility.
6. Tax Benefits
By purchasing a women care insurance policy, you can claim a tax exemption of up to ₹25,000 on premium payments under Section 80D of the Income Tax Act. However, the maximum tax deduction for senior citizen women is Rs. 50,000. It makes insurance plans more affordable and provides financial protection for women’s health requirements.
Types of Women’s Health Insurance Plans
Women’s care insurance policies address specific medical needs, including preventive screenings, maternal care, and protection against critical illnesses. Here are some of the major types:
- Individual Health Insurance: This covers doctor consultations, hospitalisation, and medical expenses for a single policyholder. It is ideal for women who want personalized coverage.
- Family Floater Health Insurance: Provides an insured sum for the entire family, which ensures financial protection for children, spouses, and dependent parents.
- Maternity Health Insurance: Covers pregnancy-related expenses, including prenatal, postnatal care, and delivery, with a waiting period before the benefits apply. This is a key feature to look for in Maternity insurance.
- Critical Illness Insurance: It provides sufficient coverage for serious illnesses, such as heart disease and breast cancer. This helps them manage high treatment costs related to these conditions.
- Senior Citizen Health Insurance: This is beneficial for women above 60, as it covers age-related medical expenses and long-term treatments. It focuses on providing top-notch treatments, care, and financial protections during their golden years.
What is Included under a Women’s Health Insurance Policy?
Women’s health insurance policies provide comprehensive coverage for certain health concerns. Here are some of the key inclusions:
- Newborn and Maternity Care: These Medical insurance policies cover postnatal care expenses and the delivery process.
- Ante-Natal Care: This policy provides coverage for ante-natal care to outpatients up to the specified time limit after the confirmation of pregnancy.
- Preventive Health Check-ups: These policies cover expenses for regular screenings to detect serious diseases early. You can utilize health insurance portability to renew your existing coverage while gaining access to additional benefits.
- Critical Illnesses: These health insurance policies primarily cover treatments for diseases like breast cancer and cervical cancer.
Which Expenses are Excluded from the Women’s Care Insurance Policy?
Though a women care insurance policy provides various types of benefits, it excludes certain expenses within its terms and conditions. These include:
- Infertility and sterility expenses
- Expenses of dietary supplements
- Does not cover expenses related to congenital external anomalies and dental treatment
- Costs of plastic surgery or cosmetics
Apart from these, there are other types of exclusions within the health insurance policies. These exclusions vary based on the terms and conditions of the following policy and differ from company to company.
Final Thoughts
Every woman should consider purchasing a women care insurance policy to receive financial protection during medical emergencies or critical illnesses. They can choose from different health insurance plans tailored to their specific needs and preferences. Apart from these, they need to evaluate and compare options before selecting the right one.
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