Should i buy maternity insurance

Post hospitalization would take care of childcare after delivery. The days before hospitalization and days after discharge is considered under this. Delivery charges and in patient hospitalization. The hospitalization charges for delivery are covered in this insurance. Some policies have certain sub-limits pertaining to delivery.

Sub limits for normal deliveries are Rs 15, Rs 25, And that for caesareans are Rs 25,Rs 50, Pre and postnatal expenses. Even check-up and incubation costs are also covered. Vaccination cover. Some health plan cover the Government mandatory vaccination expenses of the new born also.

Usually it is provides for the first year vaccinations only but some plans extend it as well to 12 years. New Born Coverage. When is the best time to buy maternity coverage? Waiting period and pre-existing clause.

This is a specified period of time after which you can get cover for maternity expenses. Most insurance companies do not provide for maternity coverage in the initial years. The first years are usually excluded from this coverage.

This is called the waiting period for maternity. Corporate policies also sometimes have a waiting period of 9 months to 2 years. Rise in premiums with age and time. Premium of this coverage would increase with your advancing age. So if you delay to avail this insurance, you are likely to pay higher premiums to fulfil your needs.

Also, with the marriage age being pushed further today, more women above 35 and even 40 are delaying motherhood. In addition, even expenses related to motherhood are increasing day by day.

Therefore, if you delay, you might not be able to opt for a cheaper maternity plan as the waiting period for the same is usually longer. Thus, you would end up opting for a plan with a higher premium to avail the timely benefit. Ease in availing the Policy.

If you have time, it is always better in terms of availing any kind of insurance. If the maternity coverage is not taken early in life, maternity benefit might not be available at a higher age due to the complications involved with ageing! You might also have to avail the same in a hurry and thus not able to do complete research. By Prashant Srivastava 29 January Claims Ratio in Health Insurance - Importance One of the key features to look for while buying health insu By Yamini Sharma 24 October Different types of health insurance policies with the free h By Prashant Srivastava 15 April View All Articles.

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Critical Illness Insurance. While there are many benefits to having maternity insurance, here are a few aspects that are not covered:. Pre-existing diseases affecting pregnancy: If you have a pre-existing disease that could affect your pregnancy, such as high blood pressure or epilepsy, you will not be covered under maternity health insurance cover. Congenital diseases: These are inherited medical conditions that occur in children before or at birth, such as heart disease, Down Syndrome, or spina bifida that are not covered under maternity insurance cover.

Treatment expenses relating to infertility: IVF or infertility treatments are not covered by maternity insurance. Medicine costs apart from the ones prescribed by the doctor: Medicines that your doctor prescribes might be covered under maternity insurance. However, any other supplements or vitamins that you take might not be covered under maternity health insurance.

Non-allopathic medicines are also not covered. Doctor's check-up expenses and consultation fees: While you might visit your OB-GYN regularly over your pregnancy, these appointments are not covered under maternity insurance. Maternity Cover as a Part of Health Insurance. It is essential to realise how a maternity cover works under a health insurance. The mandatory waiting period of a health insurance plan that covers pregnancy can range from 2 to 4 years. It becomes imperative, then, to buy maternity cover well in advance.

In case you've missed the boat, you can avail of a separate maternity insurance plan by paying a higher premium. Under maternity health insurance, the age of the insured willing to claim the maternity benefits can be up to 45 years. While this is the age parameter set by most insurance providers for availing maternity insurance, you should ideally check with your insurance provider for more specific regulations.

Be aware that the leniency of a maternity health insurance policy could vary depending on the age of the expectant mother. So, while looking for the right maternity health insurance for yourself, always compare their perks in your specific case. The premium on the maternity insurance covers can be a little high. This is because, unlike a regular health insurance policy, maternity and pregnancy benefits cover an event that is almost inevitable in life.

It is important to do a cost-benefit analysis of different maternity insurance plans by comparing several options before narrowing down on what's most suitable for you. Keeping all these things in mind while buying maternity health insurance ensures that your preparation for the future is foolproof.

The whole premise of having maternity insurance cover as a part of your health insurance policy is to ensure that the entire pregnancy process is relaxed for you, and there are no unprecedented stress factors in the form of unplanned expenses. The only focus during this precious time should be on the life-changing experience and your newborn baby.

Make sure you ThinkAhead and choose the right maternity insurance cover for you so that you can plan for yours and your child's arrival and future! Can you get maternity insurance if already pregnant? Most insurance companies do not offer maternity health insurance if you are already pregnant, as it is considered a pre-existing condition.

However, you can buy regular health insurance during your pregnancy. What health insurance is best for pregnancy? It is advisable to buy health insurance with maternity cover to have wider coverage. You can consider buying it from TATA AIG, as we offer coverage for most of the expenses, including maternity-related hospitalization expenses up to 30 days pre-delivery and 60 days post-delivery; delivery expenses including pre-and post-natal expenses; hospitalization charges; and coverage for newborn baby.

What is maternity cover in health insurance? In health insurance, a maternity cover ensures coverage of expenses up to 30 days before delivery and 60 days post-delivery, hospitalization charges, and delivery expenses, including pre and post-natal expenses. Yes, there are a few plans that have 90 days waiting period.

But in any case, you will have to serve a waiting period. The premiums for a maternity insurance plan are slightly on the higher side when compared with a health insurance plan. Most employers offer health insurance plans with maternity benefits. You must do a quick assessment and if you feel it might suffice, then there is no need for a separate plan. And eventually, apply for a no claims bonus and save considerably on renewals.

Here is a collated list of some of the best plans that you can find across the country at this point in time. The list includes the feature and benefits of the plans. The plan offers excellent maternity benefits under three plans, Silver, Gold and Platinum. It offers coverage for maternity as well as baby care post-delivery.

It has a unique feature where it covers vaccinations for the very first year. You can avail the benefits of two deliveries. It offers maternity benefits and covers any complications that can arise out of delivery or pregnancy. The only downside to the plan being the waiting period of 3 years. Thus, you would need to plan well in advance. It offers maternity benefits, vaccination charges for the first year and coverage for the newborn. It has a waiting period of 48 months, thus planning is essential.

The easy family floater plan is available as Standard, Exclusive and Premium. The Exclusive and Premium plans offer maternity coverage while Standard is a normal health insurance plan. The plans include expenses related to maternity and coverage for new born baby from days.

This is one of the best wedding gifts that you can hand over to someone. The plan covers two deliveries, both normal as well as C-Section and other pre and post-delivery related expenses. Since it has a waiting period of 3 years, it serves as an ideal wedding gift.

Proper planning has saved the day for ages and will continue to do so. You can also reap the benefits of planning.