A leading insurance provider, AIG, has launched a new specialised insurance product for Australian women that can help alleviate the financial pressures that come with a cancer diagnosis.
Known as Wellwoman Insurance, it covers seven forms of female-specific cancers, including breast and cervical cancer, and provides a one-off cash payment following a diagnosis.
According to Cancer Australia, on average 12 women are diagnosed with gynaecological cancer each day. Though survival rates continue to increase, a cancer diagnosis has significant financial implications for individuals and their families.
Richard Todd, Head of Consumer at AIG Australia, said, “With low premiums, Wellwoman is a simple, cost effective addition to private health insurance. It offers a one-off payment to help women manage their household budgets – from rent payments and school fees, to paying for extra help around the house – while going through treatment.
Mr Todd said it helped women who are coping with cancer to focus on their health and recovery.
Wellwoman premiums start from under $10 per month and the three levels of cover available offer a single cash payment of between $25,000 and $45,000 upon a positive diagnosis of cancer. Any woman aged between 18 and 69 is eligible to apply for the insurance, with no medical checks required and no exclusions based on family history.
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Further information is available here.
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