Why women need to buy a Health Insurance Plan

In modern times, where not having a medical insurance cover is a big financial disadvantage, a vast majority of Indian population cuts a sorry picture. With around 80% of the country’s folks not covered by any health insurance policy, the assumption that the masses are either unaware of the benefits of health insurance or facing some sort of constraint, gains more weight.

Working or not, women happen to be the center of their households in the country, shouldering massive responsibilities all the time. Acting as pillars to their families, they remain so involved in fulfilling their duties that they hardly pay any attention to their own health and wellness.

However, the fact that the face of Indian women in terms of financial freedom, has significantly changed over the last couple of decades, keeps the hope running. Women today, are proving to be equal breadwinners for their families, and are freer now to make their own financial decisions, be it about savings or investments – high time that that attention is paid to having a proper health insurance policy as well.

Receiving quality healthcare, from hospitalization to critical illness, can get very expensive. Even one episode can create a big misbalance in your savings and add to your woes. It is only with an adequate medical cover that you’ll be able to manage their medical expenses conveniently, to focus towards the betterment of their health.

Women in India are either underinsured or have no insurance cover at all. It is time to understand that you just can’t keep going with today’s hectic way of life without health insurance at hand. It safeguards your health and saves your savings from draining away. The death of the woman in the house creates more than just financial loss. It creates a gap that is not easy to manage or fill up. This and many other reasons point strongly towards why you need to buy health insurance.

Some health risks, including certain types of cancers like breast cancer, uterine cancer etc. put you at more risk than men. Heart diseases, depression, reproductive health, gestational diabetes are a few more concerns that make it important for you to have some kind of health cover. Besides, the need for health check-ups and medical care during and after pregnancy is also something that needs attention. Since not all health covers include maternity insurancecoverage, you need to have a policy that has your individual needs covered as well.

A good multitude of people in the country, women included, lack awareness about health insurances. Many women also lack knowledge of the financial product options they have.

You need to be aware about the different health concerns that may put you at risk, and how you can safeguard yourself from such health perils. You need to learn to identify the right medical cover for yourself which will protect you against unannounced financial losses.

Even if you might not like to think of yourself as vulnerable to illnesses, the fact that medical expenses are on the rise with each passing year, is not something you can afford to overlook any longer.

Despite the fact that women education has improved within the country, a vast majority of Indian women still depend on their fathers and husbands for security. For financial and medical coverage they rely on the family floater plans of their father or spouse and little weightage is given to individual plans for them.

It is your health which is at stake, so select a health cover that would aptly protect you against medical exigencies that you might face now, in the immediate future, or even later.

Often, the only insurance cover that working women have are the health covers provided by their organization. But the thing about medical insurance covers is that they are more like an umbrella, standard size coverage for the employees. Such insurances provide smaller coverage in comparison to individual plans and are meant specifically for the employees and not their families.

These covers also end the moment an employee leaves an organization, meaning short-lived plans and no coverage after retirement.

That is why you need to focus more on individual health insurance plans for yourself, since corporate group plans are nearly not enough.

Some researchers also conclude that womenfolk have a longer life span than men. And if it is actually true, it only strengthens the fact that you ought to have health insurance. Purchasing a health insurance plan at a younger age will not only benefit you financially but also provide you higher coverage for a longer duration within your life-span.

Not sure where to start? Right here is a good place to begin.