Maternity is one of the most overwhelming experiences for mothers as it empowers them to bring out a new life to the world. Along with family support, comprehensive maternity insurance ensures the smooth journey of motherhood for the expecting mothers and the family. a progressive increase in medical expenses and soaring hospitalization charges may end up burning a hole in your pocket if the couple hasn’t sought pregnancy insurance in time.
Let’s learn about the relevance and importance of Maternity Insurance below and make a wise choice of buying health insurance with maternity cover.
What is Insurance for Maternity?
Maternity insurance is a specially designed health insurance for expecting mothers and their newborns. Maternity health insurance ensures the right coverage for the mother and her child with several prominent features. It covers delivery-related expenses, whether a normal delivery or a caesarean. It not only reduces the couple's financial worries about delivery-related expenses but also encourages them to start their family at the right time. It comes up with a waiting period, hence it is advisable to get maternity cover insurance in advance and stay prepared to welcome your baby into this world worry-free.
As per the policy’s terms and conditions, you cannot purchase insurance for maternity during the period of your conception. It is because insurers consider pregnancy as a pre-existing condition. So, they provide a window between 9 to 24 months as a waiting period before you can claim the benefits associated with your insurance for maternity. Therefore, couples prefer maternity insurance only for planned pregnancies.
Below mentioned are a few coverage benefits under Health Insurance with Maternity Cover:
Maternity Cover: Expenses incurred pre and postnatal can increase the couple's financial stress. Maternity Cover helps the mother and her child recover faster under the doctor's supervision.
New Born Baby Cover: Health Insurance with Pregnancy Cover plan also has a newborn baby cover. It means that the insurer covers your newborn's expenses from the day of delivery to 90 days to ensure good health.
Congenital Disease: The amount is paid as a lump sum if the newborn child is diagnosed with Down's Syndrome or Cerebral Palsy. No Claim under benefit- ‘Newborn baby cover’ shall be made with respect to the above-mentioned health problems.
Direct Claim Settlement: Claims procedures are not complicated at all. Whether it is an emergency or a planned hospitalization, all you have to do is present the Health Insurance’s Health Card at our network of more than 19000+ Cashless health care providers across India and avail of the cashless service.
Tax Benefit: Opting for our pregnancy insurance comes with two-fold benefits. It ensures good medical care for mothers and infants and enables you to avail yourself of tax benefits on the premium you pay for it as per the Income Tax Act 1961. Thus, health insurance that covers pregnancy comes with a double bonanza.
Free Look Period: Free Look Period keeps you at ease if you are unsure whether you have taken the right maternity cover insurance. If no claim has been made within this period. The insurer will refund the insurance premium received after deducting the proportionate risk premium for the period on cover, expenses for medical examination, and stamp duty charges, as applicable.
Check out Care Health Insurance's JOY Maternity Insurance Plan if you're seeking the ideal maternity insurance plan. It offers several advantages at a reasonable cost. They are one of India's largest insurance service providers, with partnerships with cashless network providers all across the nation. They are the best in delivering an end-to-end comprehensive healthcare plan for would-be parents, with an industry-leading in-house claims process team and exceptional claims settlement ratio.
