Maternity Insurance Plan: A Boon to Protect Your Savings!

Pregnancy is a beautiful and joyous journey, a journey that is full of emotions. Imagine the idea of creating a new life, the happiness of holding the little one in your arms. Well, this feeling is surely beyond any description.

Read More

Policybazaar exclusive benefits
  • 30 minutes claim support*
  • 50,000 claims approved in last 15 months*
  • Schedule home visit with our advisors
  • Get a plan based on your medical needs

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Back
All health plans cover Covid-19 treatment
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “CONTINUE”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step

      The pregnancy also brings in the fear of rising expenses and the uncertainty of the future. Yes, the happiness of motherhood is a different thing; however, the shadow of medical expenses will also be lurking in the background. A pregnant woman always requires medical care and attention. Right from the monthly tests to the baby getting delivered, the hospital expenses and bills will simply keep piling up. Moreover, the pre and post-delivery care is an expensive deal that can at times become a burden for the expecting parents. Therefore, it is advised and the viable solution to this is to avail maternity insurance.

      What Does a Maternity Health Insurance Coverage Mean?

      The maternity insurance is one plan that is designed to cover for maternity and health care expenses for the expecting mothers and the newborns. Mostly the maternity benefit is offered as an additional rider benefit or add-on with the existing health insurance policy.

      In case you have an existing health insurance policy, then you can opt for this add-on cover in an individual or family health plans that will cover all the maternity-related expenses. The maternity benefit cover will also compensate for the expenses incurred due to issues of fertility or due to any other sort of medical complications.

      The maternity benefit is sometimes provided by the corporate for the female employees under the group health insurance policy. However, the coverage provided within the maternity benefit also has a sub-limit that would not be sufficient to pay for the complete expenses of pregnancy. Therefore, a complete pregnancy health insurance package is going to be an ideal option.

      How Important is to Get a Maternity Cover in India?

      Well, undoubtedly rearing a child is not an easy task and is going to be an expensive affair. Therefore, it becomes important to have the well-constructed maternity insurance plan in place so that you can enjoy the priceless phase of life with your family without much stress. A good maternity plan will enable in easing off the rising expenses of child care. Listed below are some aspects highlighting the importance of availing a good maternity insurance plan in India:

      • Maternity Benefits Cover the Newborn from Day One: Generally, the health insurance policies in India do not cover the baby until they are 3 months old. But with the insurance policy with a maternity benefit covers the newborn babies right from the day they open their eyes in this world. Some policies also include the vaccination expenses for the newborn along with the cover until the end of the policy year with no additional charges.
      • Financial Backup with Benefits: This insurance cover will cover the expenses related to both types of delivery options that are caesarean and normal delivery. So regardless of the delivery option required, you or your partner need not think much about managing the finances. Moreover, there are policies available that cover both pre and post hospitalization expenses for 30 days before the hospitalization and 60 days post-hospitalization respectively. Besides, other charges such as the nursing and room, surgeon’s fee, and so forth are also included.
      • Initiate Family Planning Without Financial Stress: In the times we are living today, couples do a lot of planning for the baby, as raising a child is an expensive affair. With the right insurance cover that comes along with sub-limits usually one to four years on the premise of the insurer, you can plan for a baby without taking the stress of finances. Many insurers offer provide maternity insurance coverage with attractive benefits and features under their family floater health insurance plans as well. However, it is advisable to choose a separate maternity insurance coverage.
      • Private Hospitals are Expensive: The private hospitals are a preferred choice when it comes to availing quality health care. However, the treatments in the private hospitals are on the expensive side. For instance, when it comes to delivering the baby the expenses in the private hospital would be somewhere close to Rs 60,000 to Rs 70,000 for normal delivery and for a caesarean, it would be an extra Rs 40,000 to Rs 50,000. And in case some complication occurs then you do not know what affects the bottom line expense. This is when a maternity insurance plan will be beneficial and will act as the much needed soothing balm.

      The Bottom Line!

      The phase of maternity is one crucial journey not just for mother but for the complete family. Quality maternity care is important as it ensures the safe delivery of the child and health of both the newborn and the mother.

      When buying a maternity insurance plan, make sure that you are aware of all the important terms and conditions. Besides, other important aspects include the additional benefits, standard exclusions, sub-limits, waiting period, and so forth.

      Moreover, you can also avail the basic health insurance policy with sufficient coverage for pre and post-hospitalization including maternity, OPD, etc. Likewise, you can also include a top-up plan with the basic health insurance plan. Some plans also cover critical illness within a health cover, in case the plan doesn’t then it is advisable to buy a standalone critical illness insurance plan as well.

      Regardless of whether it is the first or second child, the journey of parenthood brings along with excitement, restlessness, nervousness, gratification and anxiety. Make sure that you have the best maternity insurance plan in place, after all, it is better not only to plan for the unplanned but even the planned as well.

      The milestone of parenthood doesn’t happen every day.

      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      Monkeypox: Dos and Don’ts of the Disease That You Should Know

      15 Sep 2022

      Monkeypox has slowly and steadily spread to more than 85 countries...
      Read more
      Why is It Important to Disclose Pre-existing Diseases to Your Insurer?

      06 Sep 2022

      As we grow old, the chances of developing a disease or a medical...
      Read more
      Benefits of Multi-Year Health Insurance Plans

      25 Aug 2022

      Ever since COVID-19 entered our lives, health insurance has come...
      Read more
      Does Health Insurance Cover Monkeypox?

      25 Jul 2022

      Monkeypox is the latest disease to make its way to India while we...
      Read more
      List of Diseases Covered by Bajaj Allianz Health Insurance Plans

      05 Jul 2022

      Barely any person has remained unaffected due to rising health...
      Read more
      PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
      Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
      Read more
      Best Health Insurance Plans in India 2022
      Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal...
      Read more
      Best Maternity Insurance Plans
      Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
      Read more
      Best Health Insurance Plans for Senior Citizens in 2022
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance...
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL