An overview of the importance of women's insurance in Singapore

1. An overview of the importance of women's insurance in Singapore Women have unique needs when it comes to their health and well-being. Sensing this, insurance companies in Singapore have devised women-centric insurance plans. These plans provide coverage for a wide range of health conditions that are solely experienced by women. But do women really require a separate insurance? A recent study has shown that breast cancer is on the rise in Asia. In particular, breast cancer cases in Singapore see a yearly increase of 3.9%, which is considered high. This number shows the urgency of getting adequate coverage for women in Singapore. There are many more health afflictions that are exclusive to women - this which highlights the need to create a separate insurance to protect women financially when they face a health crisis. Health insurance for women comes with many benefits that cater to women’s health and well-being, such as:

2. Preventive screening One of the main features of women-centric health insurance plans is that they cover preventive screenings. These screenings consist of around 25 various tests, including mammography and Pap smear which can help in the early detection of life-threatening conditions. The inclusion of preventive tests as part of coverage will encourage women to undergo

3. medical checks biennially without having to worry about the costs. Optional riders for added coverage Women’s insurance plans offer policyholders the option of adding riders that will truly benefit them. For instance, motherhood is a special moment in a woman’s life. With this specially designed rider that covers maternity requirements such as pregnancy care and complications, all mothers can get the best medical care without needing to worry about costs. Premium waivers Women’s insurance plans are often accompanied by built-in premium waivers. These waivers usually come into effect when a claim is made for on-going treatment. The waiver period may last as long as 36 months. Thus, you do not have to worry about premium payments as you receive treatment and recuperate.

4. Exclusive focus on female health A number of critical illness insurance plans for women offer financial protection for a range of female health procedures such as hysterectomy, mastectomy, lumpectomy, and vulvectomy, among other operations. The health conditions/diseases covered generally include rheumatoid arthritis, malignant cancers of the breast, uterus, ovary, and fallopian tube, polycystic ovarian syndrome, uterine prolapse, osteoporosis complications, thyroid storm, and vaginal fistula, among others. In addition to these, leading providers often give 100% sum assured for reconstructive surgeries such as skin grafts following burns and breast reconstruction post-mastectomy. There are also provisions for mental health treatments. A general health insurance plan may leave a woman underinsured. For instance, a fracture that results due to osteoporosis could see you requiring bed rest and yet, is not covered as a critical illness under

5. standard policies. So, it makes sense to supplement your standard health insurance by taking out additional coverage that truly meets the healthcare needs of women. Remember to discuss the policy details with a financial consultant and read the fine print before choosing which plan is suitable for you.

6. You can also find more interesting details on the site below: Website: https://www.prudential.com.sg Facebook: https://www.facebook.com/PrudentialSingapore/ Instagram: https://www.instagram.com/prudentialsingapore/?hl=en LinkedIn: https://www.linkedin.com/company/prudential-assurance-company-singapore/ You Tube: https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQ