Motherhood is an experience that compares to none other. For many women, it often ends up a source of fulfillment. However, commitment to career and personal life and a lot of other things can take a back seat when you plan to become a mother. Even during pregnancy, a woman has to be responsible for own welfare along with the child’s. All of these can lead to stress that is not healthy during pregnancy. However, it seems to be inevitable. Therefore, problems during childbirth have also become very prevalent.
Motherhood is not only a big responsibility but also a very costly affair. Most couples plan their families based on psychological and emotional factors rather than their financial situation. Costs increase after the baby is born. Before the baby is born, there are many costs involved in caring for and nurturing the baby and the mother. These costs are called maternity expenses. Generally, any health-related expenses are covered by health insurance plans. However, maternity coverage is not included in basic medical insurance coverage. Therefore, you should consider buying maternity insurance. * Standard T&C Apply
What is maternity insurance?
Health insurance covers the medical expenses of the policyholder. However, basic health insurance covers the costs of treating diseases and accidents. Having children does not belong to any of these categories. Therefore, it is not covered by health insurance. On the other hand, maternity insurance is a very important benefit for pregnant women. It pays for all the expenses related to normal pregnancy, childbirth and childbirth. Some of these maternity plans also support newborn care and other related expenses. *
Is there any benefit to purchasing a health plan with maternity benefit?
Childbirth in a good hospital has become very expensive today. Normal delivery without any problems costs around ₹ 20,000 to ₹ 50,000. However, cesarean delivery is very expensive. Prices range from ₹ 35,000 to ₹ 1 lakh. *
Depending on your financial status at the time, it may not always be possible to make such a large purchase at the time of delivery. Also, better services for mother and baby will cost you more than usual. Having maternity coverage can reduce your financial stress during pregnancy. *
Some organizations also offer group family health insurance plans with maternity coverage for employees and their spouses. If your company offers such a plan, you will have a great advantage. Regardless, it is important to purchase an individual plan with maternity coverage. *
* Standard T&C Apply
Here are some reasons why anindividual plan may be a better choice than corporate group health cover:
- If you change your job, your health insurance will expire along with your maternity insurance. *
- Coverage under Group Health Policy may be limited in terms of value. *
- Group plan does not cover pre-natal and post-natal expenses related to childbirth. An individual plan covers it all. *
* Standard T&C Apply
Why should you buy maternity coverage in advance?
First of all, you never know what kind of turns life will take. So, it is good to be ready as much as you can. In the case of maternity coverage, there are several risk factors associated with having children. It is not wise to buy maternity coverage only when the problem arises. Also, like other cashless health insurance policies, maternity coverage also has a waiting period. Prior to this waiting period, the policy will not cover maternity expenses for you. Therefore, you should keep in mind the waiting period when planning to start a family. Ideally, it is best to purchase maternity coverage as soon as you decide to have a baby. Moreover, if you check through a health insurance premium calculator, you will that the sooner you buy maternity coverage, the cheaper it will be for you. *
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.