A look at 2 of The Most Competitive Ladies Insurance Coverage Plans In Singapore
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 are 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.
Features At a Glance
| Women’s insurance plans | HSBC Life CritiCare For Her | NTUC Income Lady 360 |
| Key features |
|
|
| Death benefit | $10,000 | $10,000 |
| Free health screening every two years | Yes. | Yes. |
| Coverage for child | Yes.
Free child cover of $5,000 upon a critical illness diagnosis |
No. |
*claim(s) of less than 100% of the sum assured under female illness benefit, after a 12-month waiting period
HSBC Life 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 HSBC Life 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.
Choosing the right insurance coverage plan is crucial, especially when it comes to addressing women’s specific critical illness and coverage needs. With the alarming statistics of breast cancer and the susceptibility of women to various diseases, critical illnesses, and childbirth complications, it’s essential to have insurance plans that provide comprehensive coverage.
The HSBC Life CritiCare For Her and NTUC Income Lady 360 are two competitive options offering specific female illness coverage, surgeries, and post-diagnosis support benefits. These plans also provide additional benefits like free health screenings, premium waivers, and coverage for children. Whether you’re looking for critical illness or term life coverage, these plans ensure your peace of mind and financial security.
Take the next step by consulting our financial advisors to explore these options and secure a bright and protected future.
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