Maternity or pregnancy is an important phase of life, and one should be fully prepared to embrace the next phase – parenthood.
Rearing a child could be an expensive affair and may need good financial back up to meet the needs of a growing baby.
Yes, right from the hospital stay to delivery expenses to multiple medical tests to medicines and what not, having a relevant maternity insurance plan can relax you.
It is because having a health insurance with maternity coverage in India will help you avoid the rising outlays so that you can enjoy the happiest life moments.
What is maternity insurance?
Maternity insurance is nothing but ‘add on’ which is offered along with your health insurance policy.
Having a health insurance plan with maternity coverage in India is one of the best things to avail, especially if you are married and want to start a family.
Some of the major benefits of the maternity insurance plan in India are the pre and post hospitalization costs up to 30 days before the hospitalization is covered.
What’s more, expenses such as room and nursing charges, surgeon fees, doctor consultation and other expenses are also covered in the maternity insurance plan.
If you are looking to opt for a health insurance plan with maternity insurance in India, here are the leading 3 health plans with maternity riders.
Leading 3 health insurance plans with maternity coverage
1) Royal Sundaram Master Product – Total Health Plus
Royal Sundaram General Insurance’s Total Health Plus Plan is a complete insurance facility that provides benefits up to Rs.30,000-Rs.50,000. The scheme covers maternity hospitalization and complications before and after delivery. However, the waiting period in this plan is a good 3 years, and you should plan the pregnancy accordingly to cover the hospitalization expenses.
2) Apollo Munich Insurance – Easy Health Family Floater
The Apollo Munich’s Easy Health Family Floater insurance scheme covers three multiple insurance coverage – standard, exclusive and premium. The standard plan is a traditional one with some key benefits. On the other hand, the exclusive and premium scheme offers maternity and new born coverage. You can use the exclusive and premium plan as it covers maternity costs incurred before and after the child birth. Also, these inclusive plans also cover the new born baby expenses from age day 1 to up to 90 days.
3) Heartbeat Family Floater by Max Bupa
Max Bupa’s Heartbeat Family Floater plan is one of the best health insurance plans with maternity coverage in India. It is due to the included benefits covered such as maternity coverage and new born baby care including vaccinations for 1 year. It has sub-plans named as silver, gold, and platinum. All these plans also cover maternity advantages of up to two deliveries if the spouse and policyholder are covered for two years.
The Bottom Line
Generally, most of the insurance companies enable you to opt for the maternity insurance cover only when you conceive. Your application should not be considered if you are already expecting.
Also, since most of the maternity insurance policies may have 3-4 years of waiting period, thus you need to consider this aspect.