Why women need health insurance

“Communities and countries and ultimately the world are only as strong as the health of their women,” said Michelle Obama, former First Lady of USA.

While Indian women are reaching out and grabbing opportunities in every field, in the process, they may unknowingly make their health take a backseat. October, being the Breast Cancer Awareness Month, may be an appropriate time to educate women on the subject of health insurance, especially those which pertain to them. Typically, most women depend on their male family members to make financial decisions for them. This may make them unaware of certain factors that should be kept in mind when opting for health insurance.

A survey of household savings by market regulator Sebi revealed that, of 67.25 million people with savings in a bank account, only 7.16% were women. More and more women are becoming working professionals but parity of pay is still a concern. The average life span for women in India is 69 years which means they do need adequate savings to fund their medical expenses at the later stages of their lives. Hence, it is important for them to be adequately covered by an apt health insurance policy.

A host of policies …read more