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5 insurance plans for women in Singapore
The needs of a woman vary from that of a man’s. This is something insurance companies understand. Insurance for women conform to completely different health and financial needs.
These 5 insurance plans are designed specifically for women and is something you should explore if you’re a woman looking to protect your health and wealth.
PRUSmart Lady II by Prudential Assurance
Source: Prudential
This supplementary insurance plan has been thoughtfully designed for a lady. It aids a woman through her life by giving her comprehensive female coverage for a mere S$1.20 daily.
The policy activates a payout of up to S$50,000 if the insured person is diagnosed with any of the covered female illnesses, which include Rheumatoid Arthritis, Carcinoma in situ of the Breast and Systemic Lupus Erythematosus (SLE) with Lupus Nephritis. The plan also has a reimbursement feature for skin grafts and reconstructive surgery due to major burns, skin cancer or even a mastectomy.
PRUSmart Lady II provides a woman with the opportunity to take a comprehensive female medical examination every two years.
PINKLIFE by Great Eastern Life Assurance
Source: Great Eastern
This insurance plan claims to have the modern woman in mind – one who constantly juggling between her career and her family needs.
PINKLIFE offers its insured person coverage when she’s pregnant. For women between 17-40, there is an option to purchase additional coverage for pregnancy-related conditions like stillbirth or miscarriage due to accident. Upon delivery, the baby will also be covered for congenital conditions such as Down's Syndrome or premature birth requiring care in the Intensive Care Unit. The insurance plan goes beyond the common female-related illnesses, as it also covers a woman for the 37 critical illnesses.
If death occurs, the insured person’s family will get a lump sum of S$10,000. An additional amount of S$10,000 is paid if the death was caused by an accident. At the end of every 2 years, if there are no claims, you'll enjoy a cash payout. This ranges from 20% of the annual premium for Pink25 to as much as 35% for Pink100. The best part is that the policy’s premium does not increase with age.
Woman’s Care by MSIG Insurance & POSB
Source: DBS
Yet another female insurance plan that’s able to offer a coverage of up to S$45,000. It is more specific towards female cancers as well as other major cancers such as lymphoma cancer, colorectal cancer and leukaemia.
Premiums start at a new low of S$0.25 a day under the Classic plan. As an insured person, one would be eligible for a one-time lump sum payment on top of the regular health insurance payments. This is definitely useful in helping a woman get back on track in her health ASAP.
The Woman’s Care insurance plan policy is designed exclusively for POSB Bank account female customers who are aged between 18 to 60 years. The insurer must reside in Singapore.
AIA Glow of Life
Source: AIA
A woman’s insurance needs consists primarily on finances and health concerns. AIA’s Glow of Life is unique in the fact that it gives payouts for a range of illnesses. Here’s some of the illnesses that are covered - breast cancer, osteoporosis and rheumatoid arthritis.
Clients can also expect to gain from a 100% reimbursement for reconstructive surgery due to an accident or a burn. There’s an added perk in the form of a renewal bonus. For the first 5 years, the insured person gets to enjoy a 5% additional coverage each time the policy is renewed.
AIA Woman of Wisdom
Source: AIA
AIA’s Woman of Wisdom is a meticulous insurance plan for women. It covers a series of conditions that are particularly affecting women today, which include strokes, heart attacks and Parkinson’s disease.
A pregnant woman can rest easy in the knowledge that the insurance also covers complications due to pregnancy. If the worst were to happen in a pregnancy, the woman insured would receive up to S$20,000 to help offset her medical expenses.
AIA understands the need to rest while you get better. In that respect, the insured person would get up to 12 months of payments to cover the loss of income and ease herself into stability. The hospital bed allowance comes at a high S$200 per day that can be paid for up to 180 days.
Falling into a female illness without a proper insurance plan seems like a folly that’s waiting to happen, so it’s best to get the ideal insurance plan for your gender. You might never know when it would actually become useful to you, but it’s always good to have the perfect deck to deal with the problem. Or in this case, the best female insurance plan for your sickness.
(By Annette Rowena)
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