Parenthood is one of the most wonderful things in your life. Holding your bundle of joy in your arms is a beautiful feeling that cannot be described. However, it is very often seen that new would-be parents are worried that a caesarian delivery will certainly burn a hole in their pockets. With this concern in mind, most individuals approach their health insurance agents to understand if buying a health insurance or mediclaim policy would cover maternity expenses.
Health insurance/ Mediclaim generally covers unforeseen medical emergencies, but these days many health insurance providers cover maternity expenses also.
There are very few health insurance companies that offer health insurance with maternity benefits. Some of them are:
- Apollo Munich easy health
- Max Bupa heart beat
- Star wedding gift insurance policy.
Most individuals would agree that health care expenses are increasing at a rapid pace, and having a maternity cover can help you save good amount of money. If your mediclaim policy provides a maternity cover you can enjoy the beautiful moments of parenthood without bothering about the financial aspect.
However, it is important to note that most healthcare insurance companies do not provide maternity benefits immediately at the inception of the policy. They generally have a waiting period of 2 or more years. health insurance with maternity benefits also limit the number of deliveries covered in one plan. Some policies do not cover charges incurred on regular check up
What does the health insurance maternity benefit include?
The coverage for the health insurance in India varies from one insurance provider to another. The coverage amount depends upon the sum assured taken. The sum assured also determines the sub limit and the coverage amount for delivery charges.
Most medical insurance policies with maternity benefits include expenses incurred on a normal or caesarean delivery. It also covers pre and post natal charges as well as new born baby health coverage, vaccinations as well as pre and post hospitalization expenses for a specified number of days. Some health insurance policies include pre and post hospitalization expenses including doctors fees, diagnostic test etc.
There are some health insurance providers that include new born cover if the baby requires a treatment.
Though the inclusions need to be deeply analyzed, it is equally important to check the exclusions like pre hospitalization period checkups, consultation fees and termination of pregnancy within first few weeks.
It is important to read the policy wordings or get detailed information from your advisor about the health insurance policy and the Pregnancy insurance cover.
A good health insurance policy that widely covers your maternity expenses will help you cherish every moment from the beginning of the parenthood without being distracted by all the financial hurdles that might come in its way.