Why Filipino Women Need to Get Insurance
It's easy to forget about health insurance when you're young and healthy. But did you know that Philippines has one of the highest rates of cervical cancer and breast cancer in Southeast Asia? No woman is immune to illness, and that's why health insurance is so important. Here are three reasons why every Filipina should have health insurance.
Reasons Why Filipino Women Need Insurance
1. Cancer is common—and expensive to treat
With the average cost of chemotherapy ranging from PHP 20,000 to PHP 120,000 per session, cancer treatment can ve very expensive, and it's even more expensive if you don't have insurance. Having health insurance means that you don't have to choose between getting the treatment you need and bankruptcy.
2. Maternal mortality is still a problem in the Philippines
Although the Philippines has made great strides in reducing maternal mortality, it still remains a problem. In 2017, there were 121 maternal deaths per 100,000 live births—that's nearly double the regional average of 58 maternal deaths per 100,000 live births. And while the government provides free delivery and postpartum care for pregnant women, there are still many costs associated with pregnancy that aren't covered.
3. Accidents happen—and they're often very expensive
No one likes to think about being in an accident, but unfortunately, they do happen. And if you're not insured, an accident can be financially devastating—especially if you require hospitalization or surgery.
In 2016, 77% of road traffic injuries in the Philippines were among people aged 15-64 years old—the prime years for employment and income generation. This means that not only are road traffic accidents a leading cause of death among working-age Filipinos, but they're also a leading cause of financial instability.
Health insurance can help ease the financial burden of an unexpected hospital stay or surgery resulting from an accident.
No woman is invincible—illness and accidents can happen to anyone at any time. And when they do happen, they often come with a hefty price tag attached. That's why every Filipina should have health insurance—to protect her finances (and her family's finances) in case she ever needs medical treatment. Don't wait until it's too late—get insured today!
InLife has 112 years of experience in providing Filipinos with protection, savings, and investment products to help you make confident decisions for you and your loved ones. We offer health insurance products that can be customized to fit your unique needs. For more information, visit our website or speak to one of our InLife Financial Advisors today.
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