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Health Insurance today is like a basic need! As it helps people get the best treatment for their health issues without putting a financial burden on them.
Health insurance provides cover for almost all illnesses. After COVID breaks out, several health insurance companies do provide cover for COVID treatments.
Today through this article we are going to discuss MATERNITY HEALTH INSURANCE!
What Is Maternity Health Insurance?
A Maternity Insurance is an add-on cover one can opt for in an Individual or Family Health Insurance, that covers all maternity-related expenses.
Anyone with an existing or new Health Insurance plan can include this benefit for themselves or their spouse so that whenever the time arises, all your maternity expenses towards the delivery of a baby and/or treatment-related to any complications in the pregnancy or medically necessary termination can be covered and taken care of by Health Insurance Plan!
Why Does Anyone Need Maternity Health Insurance?
Maternity expense is increasing in India with time and it is a must for a couple to plan for the expenses before they plan for a baby. Whether you’re planning to start a family soon or, give your existing child a sibling to bond with, the phase of maternity, childbirth, and everything that comes with it can often get stressful and if not financially prepared it can add to your stress.
If we talk about the expenses, then the average cost to deliver a baby in most urban cities lies in at least Rs 50,000 to Rs 70,000. On the other hand, the cost of C-section deliveries can go up to 2 lakhs in many urban cities!
So instead of getting financial stress, plan your Maternity Health Insurance and enjoy your parenthood period! It's more precious!
Can You Get Health Insurance If You Are Pregnant?
You may avail of health insurance when you are pregnant. But, if you are wondering about when to procure maternity coverage, it is recommended you do not delay your decision. This is because maternity insurance without a waiting period is not easily available. Generally, you need to wait for a period of around three to four years before enjoying this coverage.
Is Pregnancy Considered A Pre-Existing Condition For Health Insurance?
Most insurance companies do not provide maternity insurance if you are already pregnant. This is because they consider your pregnancy as a pre-existing condition and is beyond the policy cover.
What Is Covered Under Maternity Insurance?
MATERNITY INSURANCE COVERS all expenses up to a certain pre-defined limit for your delivery. The coverage is available for normal as well as C-section deliveries. Some policies may also include the cost of termination due to complications. Certain insurers offer pre and post-natal expenses and newly born baby coverage for a specific amount of maternity insurance.
You can contact your insurer or can visit Ashutosh Securities Pvt. Ltd. for any further assistance in mutual fund investment. Keep reading our article and stay updated with the latest news about Health Insurance and Life Insurance!
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).