Best Insurance Plan for Pregnancy

05 January 2024
7 min read
Best Insurance Plan for Pregnancy
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You might be wondering how to budget for labour and prenatal care expenses. If you are a new or expectant parent, maternity insurance plans can help with that!

Pregnancy and birthing expenditures and associated medical expenses like prenatal appointments, ultrasounds, and postpartum care are covered by maternity health insurance policies.

This blog will review some of the best pregnancy insurance plans available, their features and advantages, and what to look for when selecting a plan. Thus, this piece is for you whether you're a brand-new parent or have family plans shortly. Let's get going!

Understanding Health Insurance Plan for Pregnancy

  • It is a kind of health insurance plan that pays for treatment costs connected to pregnancy, delivery, and other relevant medical expenses.

  • Prenatal care, hospital delivery, and postpartum care for both the mother and the child are commonly covered by health insurance plans covering maternity. Also, they could pay for costs associated with difficulties during pregnancy and birth, such as urgent C-sections or neonatal care.

  • These policies can be purchased alone or as riders for an existing health insurance policy. They accommodate women who want to establish families or are already expecting since they lower the significant medical expenses related to pregnancy and delivery.

Some of the Top Insurance Plans for Pregnancy in India 2024

To help you better understand this sector, let's look at some of the most well-known maternity or pregnancy insurance in India-

S.No.

Insurance Plans Covering Maternity

1.

Aditya Birla Activ Health Platinum – Enhanced Plan with Maternity Cover

2.

Bajaj Allianz Health Guard Family Floater Health Insurance Plan with Maternity Cover

3.

Care Health Joy Health Insurance Plan with Maternity Cover

4.

Chola MS Family Healthline Insurance Plan with Maternity Cover

5.

Bharti AXA Smart Super Health Insurance Plan with Maternity Cover

Factors to Consider Before Taking Maternity Insurance in India

There are various things to consider before selecting if you are considering purchasing a pregnancy health insurance plan.

The following are some crucial things to think about-

  • Coverage

The maternity health insurance plan may cover some expenses. Delivery, postpartum care, and prenatal care should all be covered.

Also included in specific plans may be coverage for pregnancy-related issues, including gestational diabetes, hypertension, or preterm delivery.

  • Waiting Time

Before covering pregnancy-related costs, many insurance policies impose a waiting period. Therefore, when investing in a plan, it is vital to confirm the waiting time, which can vary from a couple of months to a year or more.

  • Premiums

It would be best to consider the prices, as health insurance policies may have higher rates than standard health insurance plans. Choose a plan that matches your budget by comparing the premium costs of several options.

  • Network Medical Centres

Examine the plan to see whether there is a network of hospitals where you may receive cashless hospitalization for childbirth and other maternity-related services. You won't have to pay for expenditures upfront and submit a request for reimbursement as a result.

  • Exclusions

Examine the plan for restrictions and exclusions, such as coverage for subsequent pregnancies or pre-existing diseases.

  • The Period Covered

Verify the maternity insurance plan's period of coverage. For example, some insurance plans might only cover you until birth, while others might also cover your postpartum care.

Best Health Insurance Plans Covering Pregnancy: An Overview

Here is an overview of some of the excellent insurance plans to cover maternity expenses-

  1. Aditya Birla Activ Health Platinum – Enhanced Plan with Maternity Cover

  • It is a thorough health insurance program that covers various medical costs, including those associated with pregnancy. This is the most prominent maternity insurance plan.
  • The plan covers pregnancy-related costs, postpartum costs, delivery costs, and problems.
  • Depending on your needs and financial situation, you can select a plan from the plan's numerous sum insured choices, ranging from ₹2 lakhs to ₹2.5 crores.
  • Up to 60 days before and following hospitalization are covered under the plan's pre- and post-hospitalization expenditures. In addition, the coverage pays for childcare treatments that call for less than a 24-hour hospital stay.
  • The plan gives a no-claim bonus of up to 150% of the total insured, meaning that if you do not file any claims, your sum insured might rise by up to 1.5 times.
  1. Bajaj Allianz Health Guard Family Floater Health Insurance Plan with Maternity Cover

  • A full-service health and maternity insurance program, the Bajaj Allianz Health Guard Family Floater Health Insurance Plan covers various medical costs, including those associated with pregnancy.
  • The plan covers pregnancy-related costs, postpartum costs, delivery costs, and problems. You may select a plan that fits your needs and budget from a variety of sum-insured choices ranging from ₹1 lakh to ₹1 crore.
  • The plan gives a no-claim bonus of up to 50% of the sum insured, meaning that if you do not file any claims, your sum insured might rise by up to 0.5 times.
  • The coverage pays for childcare treatments that call for less than a 24-hour hospital stay. Then, after a waiting time ranging from two to four years, the plan begins to cover pre-existing conditions.

You may also want to know How Health Insurance Help to Cover Pre and Post-Natal Expenses?

  1. Care Health Joy Health Insurance Plan with Maternity Cover

  • The Care Health Joy Health Insurance Plan is a complete health insurance program that covers various medical costs, including those associated with pregnancy.
  • The plan covers pregnancy-related costs, postpartum costs, delivery costs, and problems. You may select a plan that fits your needs and budget from various sum-insured choices ranging from ₹3 lakhs to ₹1 crore.
  • The plan gives a no-claim bonus of up to 150% of the total insured, meaning that if you do not file any claims, your sum insured might rise by up to 1.5 times.
  • The coverage pays for childcare treatments that call for less than a 24-hour hospital stay. In addition, the program offers a network of more than 11,000 hospitals in India with cashless healthcare options.
  1. Chola MS Family Healthline Insurance Plan with Maternity Cover

  • The comprehensive Chola MS Family Healthline Insurance Plan covers hospitalization and associated costs.
  • The policy provides extensive coverage that, among other things, covers maternity costs and associated expenses, including hearing aids, contact lenses, and eyeglasses.
  • This health insurance plan enables online registration in a few easy steps and allows selecting a specified covered amount. In addition, dependent children may be covered by the policyholder.
  • This covers general hospitalization costs, such as room and board, physician fees, ICU, nursing costs, physical therapy, surgical costs, drugs, other medical expenses, dressing, prosthetic devices, organ transplantation, and pregnancy- and childbirth-related problems after five years of continuous policy coverage.
  1. Bharti AXA Smart Super Health Insurance Plan with Maternity Cover

  • The policy offers substantial coverage that is not restricted to hospitalization costs. Among other perks, it includes inpatient treatment, maternity benefits, and yearly physicals.
  • The Bharti AXA Smart Super Health Program covers hospitalisation expenses for treating sickness, accident, or illness.
  • The program covers, among other things, pre- and post-hospitalization charges, daycare services, in-home hospitalization costs, ambulance costs, animal bites vaccination, domestic air ambulance, and restitution of guaranteed sums.
  • Moreover, this plan covers prenatal care costs up to the schedule-specified maximums for childbirth and expenses associated with a medically advised, legal pregnancy termination.

Conclusion

Picking the best pregnancy insurance plans can assist you in controlling the high expenditures of pregnancy, labour, and postpartum care.

When selecting a plan, it's crucial to assess your requirements and financial situation thoroughly. You should also carefully review the terms and conditions of the policy, including any waiting periods and exclusions.

Always remember that having the right maternity health insurance plan may offer comfort and financial stability during this crucial time.

You May Also Be Interested to Know-

1.

10 Reasons Why Life Insurance Is a Smart Investment?

2.

Benefits of Term Life Insurance

3.

4 Types of Insurance Every 30-Year-Old Must Have

4.

Important Things To Know About Term Insurance

5.

Everything You Need to Know about Health Insurance

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here
Research Analyst - Himanshu Sinha

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