Health Insurance 918 views November 18, 2019

Maternity Insurance

Becoming a parent is one of life’s greatest joys. You do everything to ensure your little one enters the world safely. From getting treated under the best gynaecologist to carrying out all the pre-natal tests to choose the best hospital for the birth, you do not leave any stone unturned. However, not many people buy a good maternity health insurance policy. This is unwise since maternity health insurance has so much on offer. So if you are planning to start a family sometime soon, consider buying one of the best maternity health insurance covers. Take a look at this article to know more.

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What is maternity insurance?

Maternity insurance is a type of health insurance coverage that caters exclusively to the health care needs related to pregnancy and childbirth. It covers the mother and the newborn child until he or she is a few days old. The maternity health insurance plans usually come with a waiting period. It is therefore important for you to get the insurance coverage well in advance and stay protected for one of the greatest events of your life.

Top 5 Maternity Insurance Plans in India

Listed below are some of the best maternity health insurance policies available in India these days. take a look and then select the option that suits you the best:

1. Star Health Wedding Gift Pregnancy Cover

This is one of the few exclusive maternity health insurance plans available to you. The plan has a waiting period of three years. As the name suggests, it is good to buy ahead or gift someone during their wedding. It offers all the financial covers related to childbirth. It has provisions for the mother and the baby. You can get a high sum assured of up to Rs 10 lacs under this very helpful insurance policy.

2. Easy Health Family Floater from Apollo Munich

The Easy Health Family Floater is available in three variants – standard, exclusive and premium. You get an excellent maternity health insurance cover in the exclusive and premium plans. The mother and the child, for the first 90 days of his life, is covered under the plan. you get all the covers related to childbirth in this good health insurance policy.

3. Religare Joy

The next plan on this list in Joy from Religare Insurance. this is an exclusive maternity health insurance cover. you get two types of covers in this plan – Joy Today and Joy tomorrow. While there is a waiting period of 9 months for the former, a waiting of 24 months accompanies the latter. Anyone between the ages of 18 and 45 can get enrolled in this plan. All the maternity and newborn expenses are covered under this excellent maternity health insurance policy.

4. HDFC ERGO Health Suraksha Gold

Next, we have the HDFC ERGO Health Suraksha Gold plan. This plan offers comprehensive maternity health insurance coverage. It comes with a long waiting period of four years but is good for someone who is planning to start a family later on or has plans to have a second child in the future. It offers many benefits such as pre and post-hospital care, cashless hospitalisation, etc.

5. Manipal Cigna ProHealth Plus

The Manipal Cigna ProHealth Plus also offers good maternity coverage. It comes with a waiting period of 48 months. The plan covers both normal as well as C-section deliveries. It offers coverage for hospitalisation of the newborn baby if needed. It also covers all the pre and posts hospitalisation expenses for the mother.

These are some of the best maternity health insurance policies available. As you can see, the majority of these plans are family floater health insurance policies. So when you buy your comprehensive family health insurance plan, look for a cover that offers maternity protection as well and stay insured for the long run in an easy and hassle-free manner.

Services offered under a maternity health insurance policy

Here is a list of covers that are typically offered under a good health insurance plan for maternity purposes:

  1. All expenses related to the birth of the child at a health care centre
  2. Domiciliary expenses, if any
  3. Insurance coverage for the newborn baby
  4. Ambulance cover
  5. Post-delivery medical insurance for the mother, if there are serious complications related to childbirth
  6. ICU charges, if the mother or the baby requires additional healthcare facilities

These are some of the very useful coverages available in a standard maternity health insurance plan. Choose your insurance plan carefully after reading the policy documents to understand the exact scope of the health insurance policy.

Beneficial features of a maternity health insurance plan

Now let us take a more detailed look at the beneficial features that a maternity medical insurance plan offers:

Well-rounded cover

When you choose a good maternity health insurance plan from one of the best health insurance companies in India, you get a very comprehensive and well-rounded cover. You get the medical insurance cover for the delivery, pre and post-hospitalization costs, pharmacy expenses, consultation fees, diagnostic checks, etc.

Care for newborn

A newborn child is very delicate. The maternity health insurance plans offer medical insurance covers for the baby for as long as he or she stays in the hospital after birth. Additional insurance coverages are also available if the baby is diagnosed with a more serious medical condition after birth.

Cashless mediclaim

The cashless hospitalization benefit of health insurance is extended to the maternity health insurance plans as well. This makes it easy for you to get discharged and carry your bundle of joy home.

Flexible sum insured

You can choose a flexible sum insured for the insurance policy, depending on what your exact requirements are.

Tax rebate

You get to enjoy a tax rebate of up to Rs 75,000 on the insurance premium you pay for the maternity plan.

With so many benefits on offer, you indeed get a very good deal when you buy a maternity policy. Go ahead and get one if you haven’t done so yet.

Options in maternity health insurance covers

You have a few options when it comes to getting a maternity health insurance cover for yourself or your spouse:

Exclusive maternity plans

You can choose an exclusive health insurance plan that only offers a maternity cover. this is the most popular type of maternity health insurance available in India. many of the top health insurance companies offer maternity plans these days. As mentioned above, the plans come with a waiting period. So do a comparison and see which cover suits you well.

Family floater plans

A large number of the family health insurance plans that are available in India have maternity coverage, although it is available after a waiting period. Check the availability before you buy health insurance for the whole family.

Group health plans

Group health insurance plans are given to the employees of a company by the employer. Very commonly, maternity health insurance coverage is included in the group healthcare plans. However, the amount available is limited. You must, therefore, go over the terms and conditions of the insurance coverage and see if the available maternity health insurance cover is enough for you.

Each of these health insurance covers come with their own sets of clauses and waiting periods. So go over the terms and conditions very closely to see which type of maternity health insurance is best suited for your requirement and then choose accordingly.

In conclusion

Being pregnant and giving birth brings a lot of happiness. However, you have to be physically fit and ensure you get the best possible healthcare facilities to ensure your baby comes into the world in the safest possible way. Get a good maternity health insurance plan and assure yourself and your little one of the best healthcare facilities.

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