/content/nivabupa/in/en/bank,/content/nivabupa/en/in/digital/home/app-form2,/content/nivabupa/en/in/digital/home/thank-you1,partner.nivabupa.com
/content/nivabupa/in/en/agent

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN

Why do Women Need Insurance?

Posted On : 25 April 2023, 1 Years Ago. Health-Insurance
Women Insurance

Insurance is one of the most crucial aspects of financial planning, and it is something that everyone should consider, regardless of their gender. But, women have distinct needs that make insurance essential to their economic well-being. This article will explore some of the reasons to buy women's health insurance and how it can help women protect themselves and their families.

 

The Need for Women's Health Insurance

Women's healthcare needs are different and require specialised care. For example, regular gynaecological exams, mammograms, and other screenings are necessary to maintain good health. Several general insurance plans don't cover conditions exclusive to women, such as breast cancer. Health insurance that covers these services is essential for women to ensure they can access quality care when they need it.

Pregnancy is another experience that is unique to women. Substantial expenses are incurred to maintain the mother's and the child's health. So, having women's health insurance is essential. It offers extensive prenatal and postnatal coverage for maternity care and includes riders like newborn baby cover, critical illness cover, medical check-ups, and tax benefits.

 

Benefits of Health Insurance for Women

Women need insurance to mitigate the financial risk of unexpected events and to protect themselves and their families. With the right insurance coverage, they can enjoy the following benefits:

 

Support During Chronic Health Conditions

Chronic illnesses like autoimmune diseases, osteoporosis, and depression are more common in women than in males. These conditions can be costly to manage and may require ongoing medical treatment and care. An insurance plan made specifically for women covers these illnesses more thoroughly. Also, women should think about critical illness insurance, which offers a lump-sum payment if policyholders are stricken with a life-threatening condition like cancer or a heart attack.

 

Safety Net for Loved Ones

In terms of caring for children, parents, and other family members, women are more likely to do so. They may thus need insurance to protect their loved ones if they are unable to provide care due to illness or injury. Plans such as the family health optima insurance plan can also be considered to include all family members under a single policy.

 

Financial Security for Single Mothers

Single mothers may face unique challenges when it comes to financial planning, as they may be the sole breadwinners for their families. Life insurance is essential for single mothers to ensure that their children are taken care of if something happens to them. Disability and critical illness insurance are also significant, as they provide financial support in case of lost income.

 

In Favour of Longer Life Expectancy

Women tend to live longer than men. According to the World Health Organisation, women live an average of six to eight years longer than men worldwide. Best family health insurance plans in India take this fact into consideration and give women the benefit of lower premiums as the insurer's risk is reduced due to higher life expectancy.

However, this also means that women are more likely to outlive their retirement savings and may need to rely on insurance to support them in their later years. In addition to women's health insurance, life insurance is also vital for women to ensure that their loved ones are taken care of after their passing. 

Women tend to live longer, experience chronic health conditions, be caregivers, and be single parents, all of which can impact their financial position and their ability to secure themselves. Therefore, women need to consider their insurance needs and work with a financial advisor to familiarise themselves with the best family health insurance plans in India.

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN