Maternity insurance covers any delivery or pregnancy-related expenditures up to a certain maximum throughout the policy period. Pre and post-natal expenditures, as well as newborn infant expenses, are covered by certain insurance companies under a maternity insurance policy.
Some companies provide maternity insurance to their female employees in addition to the greatest health insurance coverage. In addition, in the majority of corporate group plans, maternity is a rider (added benefit) with a sub-limit of Rs. 50,000.
Pre and post-hospitalization are some of the advantages of maternity insurance, with pre-hospitalization expenditures covered up to 30 days before the date of admission. Nursing and room costs, surgeon fees, doctor consultation, and anaesthetist consultation are all reimbursed expenses.
It is important to have a complete grasp of the includes and limitations in maternity insurance in order to make sensible financial decisions and make the best use of the insurance plan.
Let’s take a look at some of the most popular types of health insurance plans that include maternity coverage:
- Aditya Birla Activ Health Platinum – Enhanced Plan
If you choose maternity benefits, Aditya Birla Activ Health Platinum and Enhanced Plan would cover the costs of the newborn infant, essential medical treatments, vaccines, and legal medical termination of the pregnancy. This plan’s sum assured varies from Rs. 2 lakhs to Rs. 2 Crores, with a particular amount set aside for maternity-related hospitalisation and newborn infant expenditures.
- Bajaj Allianz Health Guard Family Floater Health Insurance Plan
The Health-Guard Gold Plan is a family floater plan that covers maternity and newborn infant expenditures. In the Gold family floater health plan, the value insured goes from Rs. 3 lacs to Rs. 50 lakhs. Adults must be between the ages of 18 and 65, while children must be between the ages of 3 months and 30 years.
- Health Insurance Plan by Bharti AXA Smart Super
This policy comes in three flavours: Value, Classic, and Uber Plan. In the Value plan, you may get a maternity cover for Rs.35000 and a newborn infant cover for Rs.25000. The newborn infant blanket is only available for 90 days. Maternity benefits are available after a 9-month waiting period. If you purchase a three-year plan, you will be eligible for the benefit. The Classic health plan includes Rs.50,000 in extended maternity and newborn infant coverage. If you prefer a more comprehensive maternity coverage, you may choose the Uber plan.
- Care Health Joy Health Insurance Plan
Health Concerns Joy is one of the best health insurance plans for those who are about to embark on the journey of motherhood. If you acquire the Joy Today Plan, you can claim maternity costs after 9 months of insurance purchase. You must wait two years under the Joy Tomorrow Plan, therefore if you have yet to plan a kid, you should probably choose this one.
- Chola MS Family Healthline Insurance Plan
After a 5-year waiting period, there is a family floater plan that covers maternity expenditures. The coverage limit for regular delivery is Rs. 15,000 and Rs. 25,000 for Caesarean birth under the Superior plan type. In addition, the advanced plan has a coverage maximum of Rs. 25,000 for regular birth and Rs. 40,000 for Caesarean delivery. Furthermore, the plan provides No-claim-bonus benefits of up to 50% of the total assured.
- Digit Health Insurance with Maternity Cover
Maternity coverage is available as an add-on to your individual or family health plan. It covers childbirth fees, newborn infant coverage, infertility charges, medically required pregnancy termination, and a 200 percent increase in the sum assured for a second child. Furthermore, the plan covers all medical expenditures, including delivery and labour, infertility costs, pregnancy difficulties, C-section delivery, hospital, and hotel rent.