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Maternity Cover in Health Insurance

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India First Free Online Financial Advisory, India First Free On-call Financial Advisory, Best Free Financial Advisory

Are you planning to move on to the next important phase of life- Parenthood? Indeed it is a joyful decision, but are you prepared for it? This question is essential because parenthood comes with a price. Raising a child is an expensive affair.

Hospital stay, delivery procedure, regular tests and medicines, all come with a heavy price. But you don’t have to worry about all these expenses if you have opted for a maternity cover. It can help ease off the rising costs so that you can enjoy the happiest moment of your life without any stress.

Let me explain you what exactly a Maternity cover is. It is usually offered as a rider with your main health insurance policy covering expenditure related to both cesarean and normal delivery. Health insurance with maternity benefit is a right way to lower the burden on your pocket. If you are a working professional, you should check whether your employer offers maternity in the group policy or not. In a majority of corporate group policies, maternity is an add-on benefit with a sub-limit not exceeding Rs 50,000.

Ideal cost of a delivery ranges somewhere between Rs 50,000 to Rs 2 Lakhs depending on how critical the case is and type of hospital you choose.

The best way to regulate expenses is to have a maternity cover which entitles you to various benefits, mentioned underneath:

  • Expenses 30 days prior to hospitalization and 60 days post hospitalization.
  • Pre and post natal expenses.
  • Delivery expenses.
  • Coverage for the new born baby up to the expiry of the current policy
  • Ambulance charges for emergency transportation to hospital

There are several insurance providers offering Maternity benefits. But before you decide to opt for a particular health insurance, make sure you clarify all the clauses related to the benefits that would be offered to you during maternity period. Contact your insurance adviser or the insurance company and put as many queries as you can to clarify all your anxieties. It will clear any confusion or doubts that may exist.

Happy Parenthood!

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