A Maternity Insurance Policy is usually an add-on or an additional rider to your current Health insurance policy. Pregnancy is an important phase of any woman’s life, and one needs to be completely prepared for embracing it. Right from the hospital stay to medical checkups during and after the pregnancy may cost you a hefty amount for which you may require a well-set up financial backup to meet those requirements.
A Maternity insurance policy covers expenses related to delivery, be it caesarean or normal delivery. Some insurance companies prefer to offer maternity benefit as a rider to your health insurance cover to lower the burden on your pocket. With the average age of women becoming pregnant has risen to 30 to 33 years in India. There’s a general view that women who conceive in their thirties with their first child are likely to face complications in their pregnancies. Significantly, the ratio of C-section delivery is intensifying in comparison to normal delivery in the metropolitan cities in India. Individuals who are considering family planning can pick such plans in advance in order to safeguard themselves on the financial front.
Apollo Munich Easy Health Insurance
The entry age for investing in this maternity plan is minimum 5 years and the maximum age is 65 years. There are three different sum insured options available for maternity expenses – One that costs you Rs. 3.5 lakh is bifurcated into Rs. 15000 for normal delivery and for C-section, it is Rs. 25000. The second option is available with sum insured of Rs. 7.50 lakh and Rs. 10 lakh which is further bifurcated into Rs. 25000 and Rs. 40000 for normal and C-section respectively. The third sum insured provided is Rs. 15 lakh, Rs. 25 lakh and Rs. 50 lakh which further divides into Rs. 30000 and Rs. 50000 for normal and C-section delivery, respectively. The policy tenure is 1.2 years.
Religare Joy Health Insurance Plan
The minimum entry age for investing in this plan starts from the age of 18 for an adult till the age of 65. Under this Maternity policy, there are mainly two options available for maternity expenses which are Rs. 3 lakh and Rs. 5 lakh respectively. This policy covers hospitalization expenses which broadly covers pre-hospitalization of up to 30 days and post hospitalization of up to 60 days. The added advantage is that the policy offers the new born baby a coverage that varies from Rs. 30000 to Rs. 50000 which depends upon the sum assured. The policy tenure ranges from 1 to 2 years.
Star Health wedding gift insurance plan
With a waiting period of 3 years and a maximum cover of Rs. 10 lakh, this policy covers a maximum of 2 deliveries. This plan covers child-birth along with pre and post natal expenses. Any kind of congenital diseases diagnosed in the new born or any complication to the mother during the pregnancy is also covered under this plan. Clinical tests to a maximum of Rs. 1000 are also covered in this plan. The coverage in this plan is extended only after the waiting period of 27 months.
Max Bupa Heartbeat Family Floater plan
An added advantage of this plan is that it provides coverage of both maternity and new born baby expenses under three diversified plans – Gold, silver and platinum type. A maximum of 2 deliveries are covered under this plan, and the waiting period is 2 years. The vaccinations to be provided to the new born for the first year also get covered under this plan.
While you are busy taking care of the new born, picking up on any of these policies will help you in taking care of the medical expenses, keeping you stress free from the financial expenses.