How to buy the Best Maternity Insurance Plans ?

Posted on: Feb 14, 2019 | 3 mins | Written by: HDFC ERGO Team

How to buy the Best Maternity Insurance Plans ?

Motherhood is indeed a much awaited and pampered phase of life, it’s when you are about to give birth to a new life altogether. You want everything to be perfectly set and done to avoid any end moment complexity. With the rapid advancement in technology, there has been a tremendous rise in the child delivery expenses. For both normal as well as cesarean delivery, the hospitalization expenses are soaring high. Hence, it is important to plan your finances well in advance. Keeping in mind the necessity to offer financial assistance at the time of child delivery, HDFC ERGO offers health insurance with pregnancy coverage with both health Suraksha as well as my:healthmedisure classic.

Medical insurance for pregnancy is the right financial planning for your future. With the growing days pregnancy insurance is gaining tremendous impact in India. HDFC ERGO understands this emotional phase that you go through and hence it offers two health insurance plansthat offer maternity benefits for you and your family.

Important Things to Consider While Buying Maternity Insurance

1. Inclusions

Expenditure on maternity health has risen just like other healthcare expenses. Fromregular visit to the gynaecologist, tests, medicines to buying pregnancy-related items, these costs can be difficult to manage if you don’t have enough health insurance cover. Hence, when you buy a health plan with maternity coverage, check the inclusions to get maximum coverage.

2. Sub-limits

Most maternity health insurance plans cover certain sub-limits. This means that even if you have a maternity cover for a few lakh Rupees, you will not get the full amount during the payout, and you may have to pay for certain expenses from your pocket. For example, some insurance plans may have a sub-limit of Rs. 15,000 to Rs. 25,000 for normal deliveries and Rs. 25,000 to Rs. 50,000 for caesarean births. Therefore, when youpurchase maternity insurance, you must know about the sub-limits to avoid any problems while filing a claim.

3. Waitingperiod

Usually, a maternity insurance policy comes with a longer waiting period, ranging between two to four years. This means you cannot file for a maternity-related claim for two to four years from the date of purchasing the policy. So, it is vital that you buy a maternity policy long before you plan to have a baby so that you can get the expenses covered under the policy.

4. Premium

Having a maternity insurance plan that offers maximum coverage also meanshigh premium. Most maternity insurance plans have a high premium. However, if you know your exact needs and do your research about different policies from different insurance companies, it can help you find the right maternity insurance.

Conclusion

While looking for the best health insurance for pregnancy, always ensure that your maternity cover offers coverage to the new born as well. So with this the answer to the question does health insurance cover pregnancy is Yes. A health insurance plan for pregnancy is designed in such a way that it protects both the mother and child.Under Maternity benefit, pre pregnancy medical expenses such as diagnosis, Doctor Visits and medical expenses gets covered. It also covers post pregnancy medical expenses for the new born as well as the mother to ensure they both are doing fine.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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