Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost of delivery, hospitalization, pre & post-natal care, medical tests, medicines and newborn baby expenses. A maternity insurance policy helps women to prepare in advance for the financial requirements of growing a baby as pregnancy is an expensive affair.
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Maternity insurance is a type of health insurance policy that offers coverage for all pregnancy-related expenses, including normal and C-section delivery costs. Some insurance companies provide pregnancy cover with pre and post-natal expenses and newborn baby expenses under their maternity insurance policy. Moreover, some corporates offer the maternity insurance benefit along with the best health insurance policy or as a rider to their women employees.
All maternity insurance plans in India come with a waiting period, ranging from a minimum of 9 months to a maximum of 6 years. During this period, the insured women cannot claim any pregnancy-related expenses. Therefore, women are advised to opt for a maternity insurance cover at least a few years before they plan to start a family. Moreover, the maternity insurance waiting period varies from plan to plan and thus, they must check it before opting for a maternity cover.
Let’s have a look at some of the top health insurance plans with maternity coverage:
|Plan Name||Waiting Period||Sum Insured
|Aditya Birla Activ Health Platinum Enhanced Plan||48 months||2 lakh - 2 crore||18-45 years||View Plan|
|Bajaj Allianz Health Guard Policy||72 months||3 lakh – 1 crore||18-65 years||View Plan|
|Bharti AXA Smart Super Health Insurance Policy||9 months||5 lakh – 1 crore||18-45 years||View Plan|
|Care Joy Maternity Insurance Plan||9 months/ 24 months||3 lakh/ 5 lakh||18-45 years||View Plan|
|Cholamandalam Healthline Plan||36 months||5 lakh - 25 lakh||18-65 years||View Plan|
|Digit Health Care Plus Policy||24 months||-||18-40 years||View Plan|
|Edelweiss Health Insurance Plan||48 months||5 lakh – 1 crore||18– 65 yrs.||View Plan|
|Future Generali Health Total Plan||36 months/ 60 months||3 lakh – 1 crore 1 crore||18 years & above||View Plan|
|Kotak Mahindra Premier Plan||36 months||2 lakh – 2 crore||18-65 years||View Plan|
|Liberty HealthPrime Connect Plan||24 months||10 lakh – 1 crore||18-65 years||View Plan|
|Magma HDI OneHealth Insurance Plan||48 months||2 lakh – 1 crore||18-65 years||View Plan|
|ManipalCigna ProHealth Insurance Plan||48 months||4.5 lakh – 1 crore||18-45 years||View Plan|
|Niva Bupa Heartbeat Insurance Plan||24 months||5 lakh – 1 crore||18-65 years||View Plan|
|National Parivar Mediclaim Policy||36 months||1 lakh - 10 lakh||18-45 years||View Plan|
|New India Assurance Mediclaim Policy||36 months||5 lakh - 15 lakh||18-65 years||View Plan|
|Oriental Happy Family Floater Plan||24 months||2 - 20 lakh||18-65 yrs.||View Plan|
|Royal Sundaram Lifeline Health Insurance Plan||36 months||25 lakh - 1.5 crore||18 years & above||View Plan|
|Star Comprehensive Insurance Plan||24 months||5 lakh - 1 crore||18-65 years||View Plan|
|SBI Arogya Premier Plan||9 months||10 lakh - 30 lakh||18 years-65 years||View Plan|
|Tata AIG Medicare Premier Plan||48 months||5 lakh - 50 lakh||18-65 yrs.||View Plan|
|United India Family Medicare Plan||24 months||3 lakh – 25 lakh||18-65 years||View Plan|
|Universal Sompo Complete Healthcare Insurance Plan||36 months||3 lakh - 50 Lakh||18-45 years||View Plan|
*Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
A maternity insurance plan includes the following coverage:
The following expenses are excluded from a maternity insurance policy:
Take a look at some of the best maternity insurance plans available in India:
The Aditya Birla Activ Health Platinum Enhanced plan offers maternity expenses cover as an optional cover. Once opted, the policy will compensate for the delivery expenses, newborn baby expenses, pre or post-natal care expenses, stem cell preservation, baby vaccinations, and lawful medical termination of the pregnancy. It allows up to two pregnancy events, including delivery and termination in the insured’s lifetime. This cover comes with a waiting period of 4 years.
The Bajaj Allianz Health Guard plan covers maternity and newborn baby expenses under its Gold and platinum variants. It provides coverage for expenses incurred on both normal & caesarean delivery as well as lawful termination of deliveries. This plan allows a maximum of 2 deliveries or terminations throughout the policy lifetime of the insured woman. Moreover, the maternity insurance waiting period under this plan is 6 years.
The Bharti AXA Smart Super Health Insurance plan provides the maternity benefit to women who have opted for a 3-year policy term. This benefit provides coverage for medical expenses incurred on the delivery of a baby or lawful termination of the pregnancy. It covers up to a maximum of two deliveries or terminations. However, the coverage is available only under the family floater plan and comes with a 9-months waiting period.
Care Joy Maternity Insurance plan is one of the most suitable maternity insurance plans for people planning to embrace the joy of parenthood in their life soon. After a 9-month waiting period, the policyholder can claim the maternity expenses, including delivery expenses and pre & post-natal care expenses. It also covers newborn baby expenses and voluntary termination of pregnancy within the first 12 weeks. The Joy Tomorrow plan variant also offers coverage for newborn baby defects.
The Cholamandalam Healthline plan covers maternity expenses under its Privilege variant after a waiting period of 3 years. It provides coverage for normal delivery, caesarean delivery and lawful medical termination of pregnancy. The plan also offers newborn baby cover, however, the coverage is only available for up to two deliveries or terminations.
Digit Health Insurance offers maternity cover as an add-on benefit under their Digit Health Care Plus policy. It provides coverage for child delivery expenses, newborn baby expenses, medically necessary termination of pregnancy, and any pregnancy complications. Although the maternity cover is applicable only for up to two deliveries, it offers coverage for unlimited lawful pregnancy terminations.
The Gold and Platinum variants of the Edelweiss Health Insurance plan offer maternity insurance cover. It covers the medical expenses for up to two deliveries as well as the expenses incurred on a lawful pregnancy termination. But the coverage is provided only after the maternity insurance waiting period of 4 years. However, the plan does not cover newborn baby expenses.
Future Generali Health Total is a comprehensive health plan that also offers maternity cover after the completion of the waiting period. The plan offers coverage for maternity expenses, delivery expenses, pre & post-natal expenses, and newborn baby expenses. It also covers the vaccination expenses of the baby for up to 1 year of age.
Kotak Mahindra Premier plan offers comprehensive coverage against medical expenses incurred on child delivery or lawful termination of the pregnancy. The coverage is provided for a maximum of 2 deliveries during the policy lifetime. It also covers both pre and post-natal expenses along with the newborn baby expenses. Also, the vaccination charges are covered until the newborn baby turns 2 years old.
The Liberty HealthPrime Connect plan offers maternity and child care cover under its Optimum and Optimum Plus variants. It offers comprehensive coverage for normal/C-section delivery and antenatal & post-natal charges. It also covers the expenses incurred on newborn child care, vaccinations and newborn baby screening expenses. Moreover, it covers the cost of umbilical cord stem cell banking. However, this maternity insurance cover is available under family floater plans after a waiting period of 2 years.
The Magma HDI OneHealth Insurance plan offers maternity benefits as an in-built cover for the Premium variant and as an add-on cover for other variants. It provides coverage for up to two deliveries or lawful pregnancy terminations. It also offers newborn baby cover and vaccination cover. However, this benefit comes with a maternity insurance waiting period of 4 years and is available under family floater plans only.
The ProHealth Insurance plan offered by ManipalCigna Health Insurance Company offers coverage for maternity expenses under their Plus, Preferred and Premier variants. It covers expenses incurred on the delivery of a child, lawful termination of pregnancy, newborn baby expenses, and first-year vaccination costs. The coverage is available for a maximum of two deliveries. Although the cover comes with a waiting period of 4 years, it can be reduced to 2 years by opting for a ‘Reduction in Maternity Waiting Period’ cover.
The National Parivar Mediclaim policy covers maternity expenses after a waiting period of 36 months. It covers the cost of delivery, pre-natal & post-natal care, lawful medical termination of pregnancy and newborn baby expenses. It also covers the vaccination cost of the newborn baby.
The New India Assurance Mediclaim policy offers maternity expenses benefit as an add-on cover to people with a sum insured of Rs 5 lakh and above. The plan covers the cost of delivery, hospitalization expenses and miscarriage or abortion expenses. However, the waiting period to avail of this maternity cover is 36 months.
The Niva Bupa Heartbeat Insurance plan (formerly known as Max Bupa Heartbeat plan) provides coverage for the maternity benefit and newborn baby cover in all of its three plan types - Silver, Gold, and Platinum. In this plan, you get coverage for baby delivery, and newborn baby care, including first-year vaccinations. All the three types of sub-plans offer maternity benefits for up to two deliveries provided the policyholder and spouse are covered under the family floater cover and have served a 2-year waiting period.
The Oriental Happy Family Floater plan offers maternity cover under its diamond variant. It provides coverage for in-patient delivery expenses or lawful pregnancy termination expenses. It also covers the newborn baby’s expenses. However, the cover is available only for two deliveries or terminations throughout the policy lifetime.
The Royal Sundaram Lifeline Health Insurance plan covers maternity expenses, cost of medical termination of pregnancy and newborn baby expenses under its Elite variant. It also pays for the newborn baby’s vaccination expenses up to the age of 1 year. The maternity benefit is available only under the family floater policy for a maximum of two deliveries in the policy lifetime of the insured. However, a maternity insurance waiting period of 3 years along with sub-limits is applicable.
The Star Comprehensive Insurance policy pays for maternity expenses, including both normal & caesarean delivery costs, pre & post-natal expenses, newborn baby treatment costs and vaccination expenses. It also covers the expenses incurred on lawful medical termination of the pregnancy. However, the plan comes with a waiting period of 2 years.
The SBI Arogya Premier plan covers maternity expenses after a 9-month waiting period. It offers coverage for medical expenses arising out of childbirth as well as legal medical termination of the pregnancy.
The Tata AIG Medicare Premier offers maternity cover to the insured for an unlimited number of pregnancies. It covers the cost of baby delivery, newborn baby expenses and first-year vaccinations. Although the coverage limit for maternity expenses is up to a maximum of Rs. 50,000, it increases up to Rs. 60,000 in case of the birth of a girl child. However, the cover is available only after a waiting period of 4 years.
The United India Family Medicare plan covers in-patient hospitalization expenses for childbirth, including normal and caesarean sections. It also covers the cost of lawful pregnancy termination and offers newborn baby cover. However, only two deliveries or terminations are allowed throughout the lifetime of the policy. Moreover, the maternity cover is available after a waiting period of 2 years.
The Universal Sompo Complete Healthcare Insurance plan is a comprehensive health insurance plan that has been designed to offer maternity and childcare benefits. It covers the cost of pregnancy, normal and caesarean deliveries, pre and post-natal care, and newborn baby’s treatment for up to 90 days. However, the plan comes with a maternity period of 3 years that can be reduced to 2 years on payment of an additional premium amount.
Disclaimer: This was an extensive list of the insurers offering maternity cover. The ranking of the insurance companies in this content is not in any particular order. The list is not complied with as per the IRDAI ranking.
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