A maternity health insurance is a health plan that offers a comprehensive coverage of medical costs, which includes, delivery expenses, medical costs, tests expenses, new born expenses, etc. This plan offers financial security to women to raise their babiesby covering pregnancy time, new born, pre natal&post natal care reducing the financial burden of parents.
Nowadays, corporates also provide maternity coverage in the health insurance plan offered by them for their female staff. Insurance companies offer a period of 36 months as a waiting period, after which the health care facilities related to pregnancy can be availed.
Things to be considered before deciding on Maternity Health Insurance Plan
Provided are the things to be considered before deciding maternity health insurance plan:
- Select a maternity insurance plan with financial security which includes medical expenditures, not only hospitalization expenses.
- Look for discounts, if any, such as discount on making payment of premium for multiple years.
- Get awareness about the cashless network hospitals available, so that one can avail the cashless facility easily when required.
- Read out the policy document minutely to know what is included, what is not, cooling period, sub-limits, waiting period, etc.
- Compare & choose an appropriate maternity plan that offers maximum benefits at an affordable premium.
- One should look for new age benefits, such as daycare procedures, newborn coverage, treatments, etc. which are must nowadays.
- Underst& claim process in case of maternity plan to avoid any delays or hassles.
Benefits of Maternity Health Plan
Provided are some of the benefits of health insurance with maternity coverage:
Cashless Hospitalization
Under this plan, the hospital bills are settled directly by the insurance company, i.e. you are not required to pay a single penny.
In-patient care
This plan covers in-patient care including complications, if any at the time of delivery.
Day Care Treatment
This plan covers day care treatment also.
Advance Technology Methods
This plan offers sustainable healthcare with digitally advanced techniques for maternity treatments.
Newborn Baby Cover
This plan is does not restricts itself till delivery, but extends up to first 90 days of birth of the newborn.
Pre-Hospitalisation
This plan includes expenses incurred 30 days prior to hospitalisation.
Post-Hospitalisation Cover
This plan also includes post hospitalisation expenses, such as follow-up visits, medications, etc. up to 60 days of discharge.
Single Private Room with AC
This plan provides a single private room with air conditioner facility.
Long Term Policy
This plan offers a 3 year long coverage without any need of renewal.
Discounts
This plan comes with a multi-year insurance facility, which offers a discount of 10% on premium amount, if opted for.
Free Look Period
A free look period is meant to provide comfort in case you are not sure about the policy you have decided with is appropriate for you or not. The insurance premium amount will be returned back in case no claim has been made after deducting the proportionate premium, stamp duty charges, medical expenses, etc.
Optional Cover-No Claim Bonanza
Some policies also offer 100% of the sum assured as bonus if no claim has been raised during the period of 3 years. This facility can be availed at an additional premium cost.
Direct Claim Settlement
This plan offers a simple to claim process, whether it is planned or emergency admission. You are just required to show your health card at the time of admission at any of the network hospitals to avail the cashless facility. In case of non-network hospital, you can still get the claim settled after informing the insurance company & providing them with the documents.
Tax Benefit
This plan also offers tax benefits on the amount of premium paid as per the provisions of Income Tax Act, 1961.
Sum Insured Restoration
The amount of sum insured will be restored in case the initial sum insured of a non-related illness gets exhausted under this plan.
Inclusions & Exclusions of a Health Insurance Plan with Maternity Cover
Provided are the inclusions & exclusions of a health insurance plan with maternity cover:
Inclusions
- Medication
- Inpatient Care Treatments
- Vaccination Expenses of New Born
- Ambulance Expenses
- Follow Up Visits
- Medically Required Pregnancy Termination Expenses
- Daycare Treatments
- Pre & Post Natal Expenses
- In-Patient Hospitalisation expenses
- Normal Delivery Expenses
- IVF Treatment
- Surrogacy
- Complications related to pregnancy
- Stem cell Preservation
- C-Sec Expenses
Exclusions
- Pre-Existing Illnesses
- Cosmetic Surgery
- Fertility Treatments
- Pregnancy Related Expenses prior to completion of waiting period
- Diagnostic fees
- Medical expenses incurred on hearing, eyesight, or dental
- Congenital diseases
Steps to Buy Maternity Health Insurance
Provided are the steps to buy maternity health insurance:
Step 1:Click the tab “Get Quote” & online application form will be opened.
Step 2:Provide your basic details, such as name, mobile number, gender, residence address, date of birth, etc.
Step 3:Click the tab “Get Quote” once again.
Step 4:Choose the Policy Type as “Top-Up” & you will get a list of comprehensive health plans.
Step 5:Click the tab “Buy Now” to choose your desired health plan.
Step 6:Decide the policy tenure along with the amount of premium.
Step 7:Check all the personal details provided, including your e-mail ID & click “Next” to proceed further.
Step 8:Provide details about health & lifestyle by clicking the tick boxes provided.
Step 9:Input some additional details, such as weight, height, marital status, nationality, address, details of nominee, etc.
Step 10:Verify the details entered by you & click the tab “Proceed” to make payment.
Step 11:Finally, make payment via internet banking, UPI, debit, or credit card, to purchase the policy.
Conclusion
A maternity health plan is a type of a health insurance plan that includes hospitalisation expenses, deliver costs, medical expenses, etc. Parenthood, though is the most beautiful journey, but is expensive too, which is due to increased medical expenses. This makes pregnancy a financial burden, due to which people consider a maternity health plan to provide them quality healthcare services with financial security.
