In India, both medical and pregnancy-related costs are skyrocketing. Delivery costs in a reputable hospital can reach up to Rs. 50,000 to Depending on the process’s complications—both caesarian and natural deliveries—this amount could be as high as Rs. 150,000. Maternity insurance appears to be beneficial in that situation.
Maternity insurance, which also includes coverage for child healthcare, eases the financial strain in those situations by paying for the sometimes more expensive medical costs. Every benefit has a limit under this maturity plan that is dependent on the amount assured.
About Maternity Insurance
Up to a certain point, this insurance policy covers delivery expenses. The cost of adding maternity insurance to a base healthcare plan in India is higher than that of a standalone policy, but it is an option for additional coverage. It fits the definition of health insurance.
Here are some of the facts you should know about maternity insurance India –
Coverage
You could receive the following coverage depending on your insurance policy. Keep in mind some of the coverage may not be available as it varies from insurer to insurer –
• Expenses for the 30 days prior to admission and the 60 days following.
• C-section and regular delivery fees.
• hospital costs such as rent for the room, nursing, OT, doctor’s fees, and anesthesiologist fees.
• expenses for the care provided during childbirth.
• Day care.
• Fees for escorting the patient in an ambulance.
• vaccination for newborns.
• Payment-free care in affiliated hospitals.
Exclusions
• Congenital diseases
• Existing disease complicating pregnancy
• Treatment for infertility
• Out-of-pocket expenses for medications for pregnancy.
• ongoing consultation fees, checkups, and visits to the doctor, etc.
Waiting Period
The average insurance company has a waiting period for maternity benefits that ranges from 9 months to about 36 months. Planning ahead is always preferable. As most couples choose to have children after three to four years of marriage, it is best to purchase a plan with maternity benefits at that time.
Premiums
Pregnancy insurance premiums are typically more expensive than those for other plans, maternity benefits excluded. From the perspective of an insurer, a claim could occur at any time. Many insurers choose to offer these plans with high premiums because of this.
Choosing the best plan
• Learn about terms related to policies such as renewalability, co-payments, sublimits, tenure, and room rent rates.
• Before making a choice, eliminate all of your doubts.
• Online comparison of maternity insurance plans with regards to features, benefits, postpartum and prenatal costs, coverage details, etc. and find the right plan according to your budget, needs, and choices.