Maternity Insurance in India: Top Plans to Consider
.jpg)
Even though motherhood is one of the most beautiful things in a woman’s life, it is also one of the most financially burdensome phases. Maternity insurance entails all forms of checkups, delivery and postnatal, and as such expenses can easily skyrocket.
Therefore, it becomes a worthy affair for expecting parents to incur the cost. Maternity insurance covers several expenses that are associated with pregnancy and assists in reducing the financial stress and offer assurance during this important time.
Here in this blog, we will be covering all the aspects of Maternity Insurance in India that includes the working of Maternity Insurance, its benefits, factors to consider while choosing Maternity Insurance, typical coverage and few top Maternity Insurance plans available in the market.
Understanding Maternity Insurance in India
Maternity insurance is a type of health insurance that pays for medical expenses which come about during pregnancy and childbirth. Most often, it is offered as an add on or a feature of a comprehensive health insurance plan or family floater policy.
Key Features of Maternity Insurance:
Includes both normal and cesarean (C-section) deliveries, and covers delivery costs.
Routine check-ups, diagnostic tests and follow up consultations after childbirth are covered under Pre and Postnatal Care Coverage.
Newborn Care – Some of the plans cover the baby too, including neonatal claims and vaccinations.
Cashless Treatment – Most maternity insurance providers provide cashless facilities in their network hospitals, so that you don’t have to worry about payments.
Factors to Consider When Choosing Maternity Insurance
Maternity insurance is a plan that provides coverage for the delivery of your baby in a hospital. Here are the key aspects to evaluate:
Maternity Insurance Waiting Period
The waiting period is one of the most important things in maternity insurance, which can be from 9 months to 4 years, depending on the provider. It's important to plan well ahead and buy the policy early so that when you need its cover, you have it.
Coverage and Benefits
Make sure the policy covers basic expenses like delivery costs, coverage for pre and postnatal care, hospitalisation, and emergencies during pregnancy. Some even cover the costs of newborn care — like vaccinations.
Hospital Network
Make sure that the insurance provider that you are considering for maternity insurance has a wide network of hospitals and that reputed hospitals in your area are not among them. Cashless hospitalisation at network hospitals can cut down your out-of-pocket expenses considerably.
Sum Insured
Select a plan with a reasonable sum insured so that all maternity-related pre and post-natal expenses such as hospitalisation, diagnostic tests and postnatal care are covered.
Additional Features
Also, look for value-added benefits like Wellness Programs, Annual Health checkups, and discounts on maternity packages. These can make the plan more useful.
Premiums
Compare the premiums of maternity insurance providers and pick a plan that weighs the best between cost and benefit.
What Does Maternity Insurance Typically Cover?
The coverage provided by maternity insurance varies across providers, but most plans include the following:
Delivery Costs
The policy includes charges for normal and C-section deliveries such as hospital charges, doctor’s fees and medications.
Pre and Postnatal Care
This includes:
Prenatal consultations.
Ultrasounds and blood tests are diagnostic tests.
To ensure mother and baby's health, postnatal checkups.
Hospitalisation
It covers room rent, nursing charges and surgical expenses during delivery and complications of maternity.
Newborn Care
Most plans will cover the baby for the first 90 days after birth including vaccinations, neonatal care, and treatment for congenital conditions.
Complications in Pregnancy
Medical complications like ectopic pregnancy and preterm birth are covered by maternity insurance, which provides financial security in the event of an emergency.
Top Maternity Insurance Plans to Consider
If you’re exploring the best maternity insurance options in India, here are some popular plans offered by leading maternity insurance providers:
Star Health Comprehensive Insurance
Features:
Normal and C-section deliveries are covered.
Pre and postnatal care coverage is included.
Up to the sum insured, it covers newborn medical expenses.
Ideal For: Families looking for comprehensive coverage of maternity and child health.
Joy Plan - Care Health Insurance
Features:
Waiting period of 9 months.
Delivery costs and complications are covered.
Maternity insurance with extensive hospital network, cashless.
Ideal For: People who are soon planning a family.
ICICI Lombard Complete Health Insurance
Features:
Prenatal and postnatal care, including comprehensive maternity coverage.
Newborn expenses such as vaccinations.
Wellness programs, and other value added services.
Ideal For: Families in search of an all inclusive health insurance plan.
Bajaj Allianz Health Guard Family Floater
Features:
Maternity expenses are covered under a family floater policy.
It includes postnatal care and newborn care.
Cashless facility available for maternity insurance in large hospital networks.
Ideal For: Those that are interested in including maternity benefits in their existing policy.
Features:
Includes delivery costs and complications.
Wellness programs and annual health check ups are included.
Newborn care add ons available.
Ideal For: For people looking to find a middle ground between cost and all encompassing maternity coverage.
Maternity insurance is health insurance that covers pregnancy, childbirth and newborn care. It includes the delivery costs, prenatal and postnatal care, and sometimes even vaccinations for the baby.
Usually, yes, most plans have a waiting period of 9 months to 4 years. However, it’s important to purchase the policy before you begin planning a pregnancy, so you’re covered when you need the care, and sometimes vaccinations for the baby.
Some of the best plans include:
Star Health Comprehensive Insurance
Care Health Insurance - Joy Plan
ICICI Lombard Complete Health Insurance
Bajaj Allianz Health Guard Family Floater
HDFC ERGO Health Suraksha
Maternity insurance typically covers:
Delivery costs (normal and C-section).
Prenatal and postnatal care.
Hospitalisation expenses.
Newborn care for the first 90 days.
Complications during pregnancy.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Other Health Insurance Products
Latest Post
.jpg)
With the aging of senior citizens, health issues increasingly come to the forefront. Medical expenses have become one of their biggest financial burdens. Although health care is improving, it is still paid for now by patients themselves. In India, the costs of treatment can eat away a life's savings, especially after age 60.
.jpg)
Health insurance is essential to protect one from the financial burden of medical expenses. But it is even more urgent for senior citizens. It was against this backdrop that the Indian government implemented a Pradhan Mantri Jan Arogya Yojana (PM-JAY) within its Ayushman Bharat Scheme of comprehensive health insurance: designed to cover economically weaker sections including senior citizens and provide them an opportunity for care that they might not otherwise have obtained.
.jpg)
As people grow older, health becomes increasingly important and requires more attention. Senior citizens, in particular, need higher medical expenses, for which having reliable health insurance is essential. In India, there are a variety of medical insurance for senior citizens particularly suited to their needs.
.jpg)
The life of a self-employed person brings freedom, flexibility, and control unmatched by other kinds of employment. At the same time, it carries a host of challenges like lack of employer-sponsored health insurance.
.jpg)
Once overlooked or stigmatized, mental health is now seen as an essential component of total life quality. With increased awareness, people began to seek help for all kinds of mental health issues like depression, anxiety, and bipolar disorder.
However, not everyone can afford the cost of seeking mental health care. It is in these situations, that health insurance comes into play, providing financial support for those who need it the most.
Speak to our Advisor
+91
