Maternity Insurance
Maternity insurance covers pregnancy-related and maternity costs. This includes delivery costs (normal and C-section), hospitalization, and other pregnancy and maternity care expenses.
Maternity insurance refers to a type of insurance policy offered by many insurance companies in India that covers pregnancy-related and maternity costs for the insured. These include cost of delivery for both normal and C-section deliveries, cost of hospitalization, and other similar costs involved in pregnancy and maternity care.
Highlights of Maternity Insurance Plans
Best Maternity Insurance Plans Providers
Best Maternity Insurance Plans Providers
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Key Benefits and Features of Maternity Insurance in India
Tax Savings: Premiums are eligible for tax deductions.
International Coverage: Maternity expenses are covered globally.
Delivery Coverage: Covers both normal and caesarean deliveries.
Newborn Coverage: Includes coverage for newborn care.
Cashless Hospitalization: Provides cashless facility for emergency hospitalization.
Features of Maternity Health Insurance in India
In-patient Care: Covers hospitalization costs.
Ambulance Coverage: Includes emergency ambulance services.
Waiting Period: 9-24 months, depending on the plan.
Day Care Treatment: Covers short-term treatments.
Tax Benefits under Maternity Insurance
Tax exemption up to INR 25,000 under Section 80D of the ITA
Additional deduction of up to INR 50,000 in case of senior citizens covered under the family floater plan
No tax benefit is applicable if maternity benefit is offered by an employer under the group insurance plan
Maternity Insurance - Inclusions and Exclusion
Maternity Insurance Plan - Inclusions
Covers private hospital bills
Childbirth coverage included
Covers costs of doctor consultations and medical tests
Covers gestational diabetes tests
Covers prescribed medicine costs
Maternity Insurance Plan - Exclusions
Doctor visits for regular follow-ups/check-ups
Cost of infertility treatment
Cost of prescribed vitamins and tonics
Cost of diagnostic tests during pregnancy
How to Select the Best Maternity Insurance in India?
Check coverage provided for newborn care
Check the waiting period specified under the plan
Check coverage provided for legal eviction (if required)
Check the number of children protected under the plan
Check eligibility criteria for the policy
Factors Affecting Maternity Insurance Premium
Policyholder’s age
Insured’s health condition
Policyholder’s location
Deductibles under the plan
Coverage limit
Documents for Claiming Maternity Insurance
You would need to submit the following documents to avail of health insurance with maternity benefits:
Ask Anything as We Have Answers to Everything in Insurance
Maternity insurance covers expenses related to pregnancy and childbirth.
Yes, many health insurance plans provide coverage for pregnancy and maternity-related costs.
Many insurers in India classify pregnancy under pre-existing conditions, and therefore signing up for insurance is not possible while you are already pregnant.
You can claim both cashless hospitalization and reimbursement for maternity costs under a maternity insurance plan.
Maternity insurance is often an add-on benefit or rider on standard health insurance plans. It provides coverage for costs borne during pregnancy, labor, delivery, and postpartum newborn care by the policyholder.
Some of the best maternity insurance plans offered in India are:
- Star Women Care
- Niva Bupa Aspire
- Care Joy Maternity Insurance Plan
