What is Maternity Health Insurance its Benefits? Fastread

Welcome friends, today we will talk about What is Maternity Health Insurance, Benefits of Maternity Health Insurance, Maternity Health Insurance Benefits, How does maternity insurance work, maternity insurance policy, what does maternity insurance cover

Article Index

In this article we are going to tell you what is maternity health insurance and what are its benefits? As you all know that almost every small and big insurance companies in India provide life insurance and health insurance plans to their customers.

In this health insurance plan, there is also a plan for Indian pregnant woman. So that the health and life of the Indian woman and the life and health of her child can be secured in India. So let us know what is maternity health insurance plan and what are its benefits.

What is Maternity Health Insurance and What are its Benefits?

Maternity Health Insurance plan is offered by almost every insurance company to its customer. This insurance plan is for pregnant women, in which the insurance company bears the expenses before and after delivery.

This insurance plan is exclusively for women, under this health insurance plan 30 days of pre hospitalization (before hospitalization) of pregnant woman and 60 days of post hospitalization (after hospitalization). The expenses of the days are covered.

Most of the maternity health insurance plans have a waiting period, the insurance becomes active only after the end of this waiting period. This waiting time period depends on the maternity health insurance plan taken by you.

Which can have a waiting period of 3 to 6 years depending on the policy taken by you. Only after the end of this waiting period, the insured pregnant woman can claim to get the benefits of the insurance policy.

If you want to get the benefits of this insurance policy as soon as possible, then you should take this insurance plan when you are going to get married. So that by the time your wife gets pregnant, the waiting time period of this policy will have ended.

So that your wife can get the benefits of maternity health insurance policy at the time of devlivery. This is the reason why you can take maternity health insurance plan even before your wife gets pregnant.

Because in that time period this health insurance will not be valid for your wife. This health insurance will be valid only then. When your wife is pregnant and the waiting time period of the policy is over.

Many people think that by depositing a little money, we can easily bear the cost of delivery of the child. This may be true to an extent, but friends, today’s life style has changed a lot.

Due to which pregnant woman may have many problems related to delivery at the time of delivery. In such a situation, the normal delivery of the child is almost impossible, due to which the operation has to be done.

The cost of a delivery operation can range from a minimum of Rs 35,000/- to Rs 40,000/-. If you go to a big or average hospital and get delivery done, then the same amount can increase. Apart from all this, even after delivery, there are many other expenses related to the hospital.

To save yourself from all these expenses, the best option would be to buy a maternity health insurance plan for your wife from a good health insurance company.

For Maternity benefits, you can take two types of insurance plan, firstly it should be included in your already taken health insurance plan. Or that you can add it as a rider to your health insurance.

Another way is that you can take a maternity-specific health insurance plan. Which is a bit expensive but its waiting period ranges from 9 months to 2 years. Apart from this, in this type of plan, you also get cover in newborn birth defects.

Top 5 Maternity Insurance Plans in India

What is Maternity Health Insurance : By the way, there are many insurance companies in India that offer maternity health insurance plan to the customers. But some of these are top companies that provide you the best plan for you and your child. We have selected some special top five maternity health insurance plans for you from these top companies.

Company Name	Insurance Plan	Waiting Period	Maximum Number of Maternity Benefit	*Incurred Claim Ratio 2018 – 2019**
Edelweiss General Insurance	Complete Health Insurance	48 months	2 deliveries or terminations	115%
Bharti AXA General Insurance	Smart Super Health Insurance	9 months	2 deliveries or terminations	89%
Reliance General Insurance	Group Mediclaim Insurance	No Waiting Period	N/A	94%
Universal Sompo General Insurance	Health Insurance	3 years	2 deliveries or terminations	92%
Magma HDI General Insurance	One Health Policy	48 months	2 deliveries or terminations	90%

What are the important benefits of Maternity Insurance?

What is Maternity Health Insurance : Maternity cover provides health security to every mother. With the cost of maternity care rising at a rapid pace, it is essential to be prepared for the additional expenses during delivery. In such a situation, maternity insurance cover ie maternity insurance is a better solution. Let us know about its important benefits.

Pre and post hospitalization expenses

This cover covers expenses like check-up tests, medicines, consultation charges, room charges, nursing, surgery charges, etc., 30 days prior to hospitalization. Apart from this, expenses after 60 days post discharge from the hospital are also covered.

Cashless HospitalZash

Cashless HospitalZash facility is available in any network hospital in case of emergency. You do not need to wait, and it is not mandatory to complete the cash deposit formalities. All you need to do is go to the hospital and inform your insurer. Later, on submission of all the required documents, your insurance company directly pays the hospital bills.

Ambulance cost

Compensation for ambulance expenses till the pregnant woman is taken to the hospital is also included in maternity insurance plans.

Newborn baby cover

Newborn baby cover is available from 1st day of birth to 90 days. It covers expenses related to the health care needs of the child up to the limit specified under the policy.

Delivery in a good hospital with medical treatment facilities, has become quite expensive nowadays. Not everyone is able to afford such a huge amount during the delivery period. Thus, if you want to get the best maternity services for your wife without any financial pressure, then opt for maternity insurance coverage, as it will cover all the expenses incurred due to pregnancy. The plan covers the cost of normal pregnancy, labor and delivery. By choosing a comprehensive health insurance, you can get coverage for newborn baby and other related expenses.

Here Read more article…..

Conclusion

Friends, if you have any question, then definitely tell by commenting below, we will be happy to help you. Along with this, share this article of ours with your friends on social media.

If you want, you can also follow us on our social media account. Links to social media accounts are present in the website footer bar.