Facts You Need to Know About Maternity Insurance in India

Maternity Insurance in India

Introduction

Medical costs are skyrocketing in India, and so the costs related to pregnancy. In a reputed hospital, delivery expenses may go high up to Rs. 50,000 to Rs. 1,50,000, according to the complications in the process, including both caesarian and normal delivery. In that case, maternity insurance seems to be a blessing.

Including coverage for child healthcare, maternity insurance relieves the financial stress in those cases by covering the medical expenses which are sometimes more expensive. According to this maturity plan, every benefit has its own limit which is subject to the sum assured.

About Maternity Insurance 
This insurance product covers delivery costs up to a certain extent. Maternity insurance India is available as a standalone policy and one can opt for it as additional cover with base healthcare plan by paying extra a premium. It falls under the category of health insurance.
Here are some of the facts you should know about maternity insurance India -

Coverage 
According to the insurance plan, you may get the following coverage. Keep in mind some of the coverage may not be available as it varies from insurer to insurer -

• Pre-hospitalization expenses for 30 days and post-hospitalization for 60 days.
• C-section and normal delivery charges.
• Expenses in hospitalization like room rent, nursing, OT, doctor's fees, anesthetist fees.
• Expenses related to childbirth care.
• Daycare.
• Ambulance charges for escorting the patient.
• Vaccination for the newborn.
• Cashless treatment in allied hospitals.

Exclusions 
• Congenital diseases
• Existing disease complicating pregnancy
• Treatment for infertility
• Prenatal costs of medicines out of the treatment.
• Constant doctor's visits, checkup, and consultancy fees etc.

Waiting Period 
In most insurance companies, waiting period varies from 9 months to around 36 months for maternity benefits. It is always better to plan in advance. It is better if you buy a plan including maternity benefits at the time of the wedding as usually, couples plan child after 3 to 4 years.
Premiums

In the case of pregnancy insurance, premiums are usually higher than other plans, excluding maternity benefits. A claim may happen anytime from the perspective of an insurer. With that in mind, a lot of insurers prefer to offer these plans with high premiums.

Choosing the best plan • Learn about the policy-related terms like waiting periods, co-payment, sub-limit, tenure, room rent tariffs, renewability, and others.
• Clear all your doubts before making final decision.
• Compare maternity insurance plan online with benefits, features, post, and prenatal expenses,
coverage details etc. and find the right plan according to your budget, needs, and choices.

Be sure to analyze cost benefits before acquiring that plan. Maternity benefits are covered in the group insurance plan.