More than just a buzzy health insurance plan, those catered for women offer female-specific coverage for conditions and procedures that women are more inclined to have.
According to the Singapore Cancer Society, over 1,000 women are diagnosed with breast cancer each year. If those figures aren’t sobering enough, it’s estimated that over 400 women would die from the disease.
As women, we’re more susceptible to not just breast cancer, but a whole host of diseases, critical illnesses (not to mention childbirth complications) and procedures that perhaps your other insurance plans may not cover.
Enter women or female-specific insurance plans — designed to (surprise, surprise) specifically address a woman’s health essentials. If you have a family history of cancer, this might be a good plan to purchase for extra protection (you’ll even get free health screenings to boot). Don’t forget, early detection is key!
To get you properly acquainted with this realm of health insurance plans (in case you were wondering, men have those too), here are four female-specific health policies and what they offer.
Best women’s health insurance plans, at a glance
|Women’s insurance plans||AXA CritiCare For Her||NTUC Income Lady 360||PRULady||AIA Glow of Life|
|Key features||Coverage extends across 4 core benefits: female illness benefit, surgery benefit, reconstructive surgery or skin grafting benefit and support benefit|
Under female illness benefit, you can claim up to 150%. For the rest (of the Core Benefits), you can claim up to 100% of the sum assured
Continue to be protected even after you’ve made claims through a coverage reset*
|Coverage for specific female illnesses, female surgeries, post-diagnosis support benefits and death|
Upon diagnosis of a specific female illness, enjoy a waiver of premiums for the next 24 months
Choose a 10-year renewable policy term or a policy term of up till age 64 (last birthday)
|Coverage specific for women, such as female-specific medical conditions and procedures, reconstructive or skin grafting surgeries|
Coverage for post-diagnosis support
Premium waiver for 36 months upon female illnesses claim
|Up to 100% reimbursement for reconstructive surgery due to an accident or burn|
Additional coverage of 5% each time policy is renewed, valid for the first 5 years
Payouts for female-related conditions such as breast cancer, osteoporosis and arthritis
|Add-on options||Hospital care|
|Free health screening every two years||Yes.||Yes.||Yes.||Yes.|
|Coverage for child||Yes.|
Free child cover of $5,000 upon a critical illness diagnosis
*claim(s) of less than 100% of the sum assured under female illness benefit, after a 12-month waiting period
AXA CritiCare For Her
Type: Critical illness plan
If you’re looking for a plan that provides coverage to both mother and child, this is the one for you. A women’s life insurance plan that delivers precisely what it promises, policy holders get to keep tabs on their health with free preventive screenings every two years. The coverage ensures each critical illness stage is addressed and are categorised as four core benefits, namely:
- Female illness benefit reset
- Surgery benefit
- Reconstructive surgery or skin grafting benefit
- Support benefit
Once covered, you’ll be able to make multiple claims of up to 300% of the sum assured from the plan’s core benefits, and an additional $25,000 cover under the Support benefit. In all, you can claim up to 3.5 times the sum assured — that would put anyone’s mind at ease, as chances of forking out of pocket are slim.
On the premium waiver front, you won’t have to worry about paying for three years should there be claims made under the female illness benefit. Granted, it’s capped at a max of two such claims (premium waiver), triggered by a combined claim value of 50% of the sum assured (of the Female Illness Benefit). Plus, parents would especially appreciate the $5,000 cover for the child upon a critical illness diagnosis.
NTUC Income Lady 360
Type: Term life plan
In terms of scope of coverage, NTUC Income Lady 360 is as extensive as they come, covering specific female illnesses, female surgeries and post-diagnosis support benefits. As compared to AXA’s CritiCare For Her, the premium waiver loses out slightly at just two years upon a female-related illness diagnosis.
There’s also the female surgeries benefit limit that is only claimable up to 50% of the sum assured to consider. On the plus side, the plan offers complimentary health screenings every two years and a sizable death benefit ($10,000) that would put you at ease should, say, a breast cancer diagnosis proves to be fatal (knock on wood).
Having the option to claim multiple times and still enjoy continued coverage from the plan is also a nice touch. However, do note that you can only claim up to 100% of the sum assured for female illnesses and support benefit, after which the benefits will not be claimable again.
Type: Health insurance
Planning on freezing your eggs one day? If you are, you’ll be stoked to know that PRULady covers Oocyte Cryopreservation (A.K.A. egg freezing) at 100% of the sum assured but only due to covered female cancers.
However, there’s plenty to appreciate even if that’s not on your to-do list. The plan pretty much does the job of covering the illnesses and conditions that plague us women — we’re talking even more niche procedures such as hormone replacement therapy and outpatient psychiatric. The premium waivers are also as competitive as AXA’s, pegged at a three-year duration if you are found to have a female-related illness.
If you’re at a certain life stage where extra protection is necessary (like carrying a child), you can add on benefits to cover things like hospital care, congenital illnesses and/or pregnancy complications.
AIA Glow of Life
Type: Critical illness plan
For a critical illness plan, AIA Glow of Life adequately covers the absolutely necessary — 100% sum assured coverage of female dreaded illnesses (think cancer, lupus, arthritis) and a range of female health procedures ranging from surgical repair of the urinary incontinence to reconstructive surgery reimbursement caused by burns or accidents (up to 100% of the sum assured claimable!).
Plus, enjoy complimentary health screenings every two years, a recurring feature across all the women-centric plans on this list. As cancer is not to be taken lightly, you’re also entitled to seek a second opinion if need be.
Perhaps another standout feature is its renewal bonus of an additional 5% of the principal sum assured each time you renew the policy. However, this honeymoon period lasts only for the first five years.
Protected up to specified limits by SDIC.
Note: This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that are not suitable for you may impact your ability to finance your future healthcare needs.
If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.
Read these next:
A Guide To Maternity Insurance For Mums-To-Be (And Panicky Dads-To-Be)
Newborn In The New Year: All The Cash Gifts You New Parents Can Look Forward To
Insurance Plans All New Parents Need In Their Portfolio
Baby Insurance: What’s Worth Buying For Your Newborn?
UOB Lady’s Savings Account: Free Medical Coverage For All Women
By Marissa Saini
Your friendly neighbourhood cat enthusiast who enjoys not being broke. Spend less, save more is the name of the game. Firm believer that being financially savvy is not about the destination, but the friends you make along the way.