Celebrate Women's Day with Financial Security: Best Health Insurance Plans for Women

Let's explore some of the best health insurance for women available in India, their benefits, features, and why they stand out. Whether you’re looking for maternity coverage, critical illness protection, or a comprehensive health coverage, this guide will help you make an informed decision.

1. Bajaj Allianz Women Specific Critical Illness Plan

This plan covers a variety of critical illnesses that predominantly affect women, including

• Breast, Cervical, Ovarian, Vaginal Cancer, and Fallopian Tube Cancer
• Permanent Paralysis of Limbs, Multitrauma, and Burns

Additionally, the Congenital Disability Benefit ensures financial support if the insured gives birth to a child with specific congenital conditions like Down’s Syndrome or Tracheo-esophageal Fistula.;

Benefits Beyond Medical Costs:;

• Children’s Education Bonus: ₹25,000 towards the education of dependent children if a critical illness claim is approved.
• Loss of Job Coverage: ₹25,000 compensation in case of job loss due to a diagnosed critical illness.
• Flexible Sum Insured Options: Ranging from ₹50,000 to ₹2,00,000, with affordable premiums.

Why Choose This Plan?

1. Lump-sum payout upon diagnosis to cover medical expenses and loss of income. 
2. Tax benefits under Section 80D of the ITA or, the Income Tax Act
3. Hassle-free claim process with in-house assistance.
4. Discounts on long-term policies such as 4% for 2 years and 8% for 3 years.
5. Entry Ages from 21 to 65 years and lifetime renewability.

2. Care Joy Maternity Insurance Plan   

The Care Joy plan covers essential maternity expenses, ensuring that expectant mothers receive the best medical care without financial stress.

• Delivery Expenses: Covers both normal and caesarean deliveries.
• Pre Post-Natal Care: Ensures adequate medical attention before and after childbirth.
• Newborn Baby Cover: Covers medical expenses for the baby from birth up to 90 days.

Two Flexible Plan Variants

• JOY Today: Maternity benefits available after a 9-month waiting period.
• JOY Tomorrow: Maternity benefits available after a 2-year waiting period.

Additional Benefits 

1. Cashless Hospitalisation at a diversified network of hospitals.
2. No Pre-Policy Medical Check-Up required.
3. Daycare Procedure Coverage for treatments requiring less than 24 hours of hospitalisation.
4. Tax Benefits under Section 80D of the Income Tax Act.

Why Choose Care Joy Maternity Insurance? 

• Tailored for young families planning a stress-free pregnancy.
• Affordable premium options with sum insured choices of ₹3 lakh and ₹5 lakh.
• Covers newborn medical expenses, ensuring comprehensive protection.   

3. Future Generali Health PowHER Plan

Health PowHER is a specialised plan of health insurance for women designed exclusively for women. It addresses reproductive health, maternal care, gynaecological conditions, mental health, and more. It ensures that women get the healthcare they need without financial strain. 

Key Benefits of Health PowHER 

1. Maternity and Reproductive Health Cover: Covers expenses for normal caesarean delivery, miscarriage, antenatal treatment, newborn care, congenital disorders, vaccination, and stem cell storage.
2. Women-Specific Illness Coverage: Provides protection against breast, cervical, uterine, ovarian, and other female-specific cancers, along with critical illnesses.
3. Annual Health Check-Ups Preventive Care: Includes screenings like Pap smear, mammography, Dexa scan, and HPV vaccination to ensure early detection of health concerns.
4. Mental Health Wellness Support:Offers teleconsultations with mental health experts and gynaecologists, fitness programs, and home diagnostic services for complete well-being.

Additional Benefits

Covers senior care, nursing care, temporary domestic help, and value-added wellness services for women across different life stages.

Flexible Coverage Options

• Sum Insured Options: ₹5 lakh to ₹1 crore
• Eligibility: Women aged 18 to 65 years (Newborns covered from Day 1)
• Policy Terms: Available for 1, 2, or 3 years with flexible premium payment options

Why Choose Health PowHER?

1. Tailor-Made for Women: Covers health issues specific to women, ensuring they are no longer a ‘+1’ on a generic policy.
2. Cashless Hospitalisation: Avail seamless claims at a wide network of hospitals.
3. Tax Benefits: Enjoy deductions under Section 80D of the Income Tax Act.
4. Restoration of Sum Insured: In case of multiple claims, the sum insured is replenished up to 100%.

4. HDFC ERGO my:health Women Suraksha Plan

Key Benefits of my:health Women Suraksha

1. Comprehensive Coverage: Protection against various ailments common among women, including cancers (breast, cervical, ovarian), rheumatoid arthritis, osteoporosis, cardiac ailments, major surgeries, and 41 critical illnesses
2. Pregnancy and Newborn Complications: Optional coverage for complications arising during pregnancy and for newborns, available upon payment of an additional premium.
3. Wellness Benefits: Access to preventive health check-ups, wellness services, health coaching, and fitness discounts at renewals, promoting overall well-being.
4. Post-Diagnosis Support: Provision for a second medical opinion and molecular gene expression profiling tests to assist with informed decision-making after a critical illness diagnosis.
5. Assault and Burn Cover: Financial protection in case of bodily injuries resulting from assault or burns leading to death, permanent total disablement, or permanent partial disablement.

Flexible Coverage Options

• Sum Insured: Options ranging between ₹1 lakh to ₹1 crore, allowing customisation based on individual needs.
• Policy Tenure: Choice of 1, 2, or 3-year policy terms, providing flexibility and convenience.
• Eligibility: Women aged 18 to 45 for basic coverage and 18 to 40 for optional pregnancy and newborn complications coverage.

Why Choose my:health Women Suraksha?

1. Tailored for Women: Addresses health issues specific to women, ensuring dedicated coverage beyond standard health policies.
2. Lifetime Renewals: Offers the benefit of lifetime policy renewals without age restrictions, ensuring continuous coverage.
3. Global Coverage: It has a worldwide scope, providing protection irrespective of geographic location.
4. Tax Benefits: Premiums paid towards the policy may qualify for deductions under Section 80D of the Income Tax Act, offering potential tax savings.

5. ICICI Lombard Women Cancer Shield Plan

Recognising the increasing prevalence of cancer among women in India, this plan offers a lump sum benefit upon the first diagnosis of specific cancers, ensuring that policyholders can focus on their treatment without the added burden of financial stress.

Key Features of the Women's Cancer Shield Plan 

1. Comprehensive Cancer Coverage: The policy provides a lump sum payment upon the first diagnosis of several cancers, including:

• Breast Cancer
• Cervical Cancer
• Thyroid Cancer
• Uterine/Endometrial Cancer
• Ovarian Cancer
• Vulvar Cancer
• Vaginal Cancer
• Fallopian Tube Cancer

This ensures that women are financially supported during critical times.

1. Optional Teleconsultations and Preventive Screenings: Policyholders can choose to include teleconsultations and preventive screening and assessment services, which promote early detection and proactive health management.

1. Flexible Sum Insured Options: The plan offers a range of sum insured options, allowing policyholders to choose coverage that aligns with their financial and health needs.  

1. Eligibility: This policy is available to women aged between 18 and 65, ensuring coverage across a broad age spectrum.

Why Choose ICICI Lombard Women's Cancer Shield Plan?

• Sum Insured: Up to ₹30 lakh
• Entry Age: 18 to 65 years
• PED Waiting Period: 30 days, 60 days, or 90 days
• Financial Security: A cancer diagnosis can lead to significant medical expenses. This plan provides a lump sum payout, enabling policyholders to manage treatment costs and recovery expenses or compensate for income loss during recovery.
• Tailored for Women: The policy explicitly addresses cancers that predominantly affect women, offering targeted coverage that general health insurance plans might not provide.
• Additional Health Support: With optional teleconsultations and preventive screenings, the plan emphasises financial support and overall health and well-being.

6. Star Women Care Insurance Plan

Star Women Care Insurance is a thoughtfully designed plan that provides comprehensive coverage for maternity, newborn care, reproductive treatments, and critical illnesses, ensuring financial security for women at every stage of life.

Key Benefits

1. Maternity Newborn Care: Covers normal and caesarean deliveries, in-utero foetal surgeries, congenital disorders, and essential newborn vaccinations.
2. Assisted Reproductive Treatment: Supports IVF and other fertility treatments, helping women who face challenges in conception.
3. Accidental Miscarriage Coverage: Offers financial protection for medical expenses in case of an accidental miscarriage.
4. No Pre-Medical Screening: Pregnant women can apply with scan reports from the 12th to 20th week, eliminating the hassle of pre-acceptance medical tests.
5. Discounts Tax Benefits: Avail up to 40% discounts on floater policies and tax benefits under Section 80D of the Income Tax Act.

Why Choose Star Women Care?

1. Sum Insured: ₹5 lakh to ₹1 crore
2. Entry Age: 18 to 75 years
3. PED Waiting Period: 2 years
4. Tailor-Made for Women: Covers women-specific health concerns that a regular plan of health insurance for women might overlook.
5. Comprehensive Coverage: Protects against maternity-related expenses, newborn care, fertility treatments, and critical illnesses.
6. Hassle-Free Enrolment: No pre-policy medical check-ups are required, making it easier for women to get insured.
7. Financial Security: Ensures cashless hospitalisation and lump sum payouts for covered conditions.

How to Choose the Best Health Insurance for Women

When selecting health insurance for women, consider the following factors:

1. Coverage Needs: Assess whether you need maternity coverage, critical illness protection, or a comprehensive plan.
2. Sum Insured: Choose a sum insured aligning with your healthcare requirements and economic goals.
3. Waiting Periods: Check the waiting periods for pre-existing diseases and specific treatments.
4. Additional Benefits: Look for value-added features like wellness programmes, alternative treatment coverage, and hospital cash benefits.
5. Affordability: Ensure the premium fits within your budget without compromising on essential coverage.

Investing in the best health insurance for women is a proactive step for ensuring long-term health and financial security. Whether you’re planning a family, seeking critical illness coverage, or looking for a comprehensive health plan, there’s a policy tailored to your needs.