What Is Better A Maternity Insurance Or A Health Insurance With Maternity Cover
Maternity insurance
Having a baby is one of the most beautiful experiences of life. And you have to be adequately prepared too as it is also the most anxious time. It is essential to stay prepared, not just emotionally but also financially. Maternity health insurance covers medical expenses occurring during pregnancy. The costs include pre-natal check-ups, post-natal treatment, hospitalization cost of delivery, etc., making you financially free.
The maternity insurance covers all the expenses related to childbirth until a specific period. You may choose a standalone maternity insurance plan or include additional maternity cover to your health insurance plan by paying an extra premium.
Maternity expenses are on the rise in India
The medical expenses related to pregnancy have exceedingly gone up. Standard delivery or caesarean operation can cost anywhere around Rs. 50,000 to Rs. 2 lakh. Maternity insurance is required to stay free from financial stress during this time. So, when you plan on starting a family, getting maternity insurance must be your priority. Also, for maternity coverage, you can buy health insurance online.
The importance of maternity insurance in India
Technology has made it possible to monitor a baby’s health inside the womb. Any complications or deformities in the baby can also be traced before its birth. Again, many tests aptly monitor and keep a check on the mother’s health. Nevertheless, all such tests cost a lot. And a maternity insurance plan can cover expenses of such nature.
Pregnancy carries extra expenses. Again, pregnancy and related conditions are not covered by standard health insurance policies. So, you need to plan accordingly to meet any additional costs before delivery.
Things covered under maternity insurance in India
Maternity insurance covers expenses up to a pre-defined limit towards your delivery. The coverage exists for regular as well as C-section deliveries. Some policies may include the cost of termination, pre and post-natal expenses, and newborn baby coverage.
Maternity cover as a part of health insurance
Maternity insurance can be bought as an add-on cover to your individual or family health insurance. The additional cover would take care of all your maternity-related expenses.
You can include this benefit for yourself or your spouse. Delivery of a baby or any treatment-related to complications in pregnancy is covered under this benefit. A maternity insurance cover also pays back any expenses made because of fertility issues. Again, the newborn baby’s hospitalization charges and vaccination charges are covered up to 90 days from the date of delivery.
Some more information on maternity insurance
The waiting period of maternity health insurance ranges from two to four years. So, it is vital to buy maternity cover well before you plan for delivery. In case you are well past that window, you can get a separate maternity plan at a higher premium.
The insured willing to claim maternity benefits must be of age not more than 45 years. A health insurance policy could change depending on the age of the insured. So, to look for the right option, check the benefits for your specific case.
The premium on maternity covers can be a little high as, unlike a standard health insurance policy, maternity is inevitable in life. You can do a cost-benefit analysis by checking several different options before finding a policy most suitable to you.
A maternity cover takes out any unprecedented stress resulting from any unplanned expenses. Ensure that your preparation for the future is unfailing. A maternity cover in your health insurance policy ensures that the pregnancy process is relaxed for you and your family.
Conclusion
Pregnancy and maternity is a time of excitement and nervousness. It is a time of uncertainty and anxiety as well as joy and gratification. Way before you plan your pregnancy, plan your maternity insurance and stay covered for any maternity-related financial expenses. You can buy health insurance online for your maternity coverage.
