Your Complete Guide to Maternity Cover Insurance

Mumbai: Are you looking for a good maternity insurance plan? If you are on your way to become a new parent, maternity cover insurance is a must-have in your financial plan. However, it can be challenging to find the right plan that suits your needs if you don’t know what to look for.

Don’t worry, we’ll answer all of your pertinent questions and assist you in purchasing the best maternity cover health insurance for you.

Continue reading to know everything about maternity cover in health insurance.

What Is Maternity Insurance?

Maternity health insurance is insurance that covers pregnancy. In exchange for a premium, you will receive extensive benefits on all aspects of pregnancy from the insurer through this insurance plan. Since maternity insurance has a 9 to 12 month waiting period, you can get it as soon as you start planning your family. Maternity insurance is now needed because it gives the mother and child the financial independence to choose the best medical treatment.

 

Maternity Health Insurance plans cover maternity-related expenses such as delivery, vaccination, pre- and post-natal expenses, emergencies, etc. The following article delves into how to create a safety net with Maternity Health Insurance. Besides, its features, add-ons, and advantages are discussed. Take a look at this:

Why Do You Need Maternity Cover Health Insurance?

Parenthood can be one of the most beautiful yet challenging phases of life.  The financial aspect of your new life stage is something you have complete control over. And, yes, there is a lot to think about. With healthcare costs rising by the day, having a child is not an expensive affair. You need proper financial planning so you are not caught off-guard during the most precious moments of your life.

With the right maternity cover health insurance, you can get financial protection for the entire pregnancy including pre and post hospitalisation expenses, ambulance charges, delivery expenses and more. This is why it’s important to consider the financial aspect in advance and begin planning way before you consider bringing a child into this world.

What Are The Benefits Of Health Insurance With Maternity Cover?

Let’s take a look at some benefits you get with maternity cover health insurance:

  • Comprehensive Coverage

Numerous prenatal tests and medical treatments are required when you are pregnant. You’ll need to visit the hospital frequently for this purpose. A maternity cover health insurance policy provides coverage for this. There are also numerous post-natal testing and recovery requirements, as well as a significant coverage requirement in the event of caesarian childbirth. If you have maternity health insurance, you will have the necessary coverage and will not need to dig into your savings during this time.

  • Coverage for the New-born

Maternity cover health insurance plans provide supplementary coverage for your infant for a limited time (usually 90 days). This takes care of any medical expenses, ailments that may arise.

  • Cashless Hospitalization

One of the most useful benefits of maternity cover insurance is that you can enjoy cashless hospitalization at any of the hospitals included in the insurer’s network hospital list.

  • Day Care Treatment

Most maternity cover health insurance plans provide coverage for medical procedures that do not require you to be hospitalized.

  • Pre & Post Hospitalization Coverage

One important advantage of such insurance is that it provides financial coverage for up to 30 days prior to your hospitalisation. With Care Helath Insurance, you can get coverage for the medical expenses incurred after 60 days of hospitalization.

Additionally, if you choose a multi-year policy with their JOY maternity insurance plan, you can receive premium savings without worrying about the renewal. By lowering the rates, you can lessen the cost burden on your finances.

Make sure to research about the many benefits provided by this maternity cover insurance plan by visiting their website.

 

Source:

https://www.irdai.gov.in/admincms/cms/uploadedfiles/Guidelines%20on%20Standard%20Individual%20Health%20Insurance%20Product.pdf