Udisha Srivastav - Health Insurance Policies Need To Be More Women-centric, Reliance General Insurance Survey Reveals

‘What a strong woman desires’ is not as elusive a point as it is figured out to be. Varied data have revealed that the preferences of women point better on long-term fitness, well-being, and strength. A study by RGI has found that holding on to the financial security of their household and health emergencies shined on women’s priority list.

What do women want?

The dual roles that women play at home and work make the need for health insurance vital. Their physiques are biologically unique from men; hence, women are more sensitive to serious illnesses such as arthritis, breast cancer, auto-immune ailments, menstruation, and hormonal-related issues, PCOD treatment, mental illness related to postpartum Syndrome, an osteoporosis treatment, etc.

In addition, it was also pointed out that the top three characteristics that concern women while thinking about an insurance policy are its coverage amount, a hierarchy of cashless and low budget hospitals it covers, and the claims settlement potential of the insurance company. 

Reliance General Insurance Survey, Facts and Findings!

To facilitate financial diplomacy and liberty amongst millions of women, Reliance General Insurance, administered a study assigned by research agency Nielsen to comprehend the nature and interest of women when it comes to investing in Health Insurance. The summary is acquired based on an online poll of 547 women from 21 Indian metropolia in the age group of 21-45, from which 80% of women were working women and were financially autonomous.

The survey illustrates that after years, women’s concern in health insurance as a financial assurance investment has eventually progressed. Thus, in conclusion, insurers must expand health policies and add-ons that finally assures women’s necessities and that they stay healthful and are also totally insulated against any medical emergency. The survey claimed that roughly 8 out of 10 women have effective Health Insurance while approximately 7 out of 10 are supposed to capitalize on Health Insurance in the following six months.

The review has documented some intriguing resolutions, and so, they talked to five women about their impressions on health insurance for women. Fascinatingly, their replies testify to the results. 

Reliance General Insurance also discovered that women did their primary study on health policies through digital media, and most finally moved to offline modes and agreed to depend on either an insurance agency or a family member to take an ultimate decision on insurance policies. The insurer attributed this mostly due to lack of knowledge about insurance policies, or reluctance about a specific product. It was further remarkable that women had commenced recognizing health insurance as a financial safety investment and that insurers should materialize with health policies and add-ons that met the necessities of women holistically, ensuring against medical crises.

The need for women’s health concerns. 

However, if a woman has self-doubts, then it is so crucial to have a duo of active, dominant women one can look up to. They can motivate another one to become a superwoman who lands life with enthusiasm and self-trust.

Women also need more prophylactic aid than men due to the necessity for reproductive care and a higher probability of chronic ailment and disability. Moreover, women assume substantial responsibility for adapting for family and partner, annual health care expenditures and are more inclined to meet incompatible insurance coverage than men. Thus, having women-specific insurance can enable them to live stress-free lives.

Feature Image Credits: The Mint

Udisha Srivastav is a Freelance Content Writer with Femsay.com