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What Is Maternity Insurance? All You Need To Know

​The birth of the baby is certainly the most joyous occasion in the life of the coupes since their marriage. However, bringing a new life into this world doesn't come cheap. Because of the skyrocketing prices of basic healthcare in our country, it is estimated that bring a new life into this world can cost anywhere between 1.5 lakhs to 2.5 lakhs. This can put a major dent in the hard-earned savings of people.

Now, you will say that you have bought health insurance, so you don't have to worry. Well, many people only buy basic health insurance that doesn't come with maternity cover because it increases the premium. This is where maternity insurance comes into play. You can buy this health insurance online, but before you do that, go through the abstract mentioned below as it will clear all your questions regarding this insurance plan:

What is Maternity Insurance?

Maternity insurance will give you a maternity health cover that will take care of expenses related to childbirth and pregnancy. It will not only provide financial support during the pregnancy, but it will also provide support after the delivery, however, it will only be for a specific period. With the help of this plan, parents don't have to worry about their finances, and they can get the best healthcare possible. 

Who should opt for it?

If you are a newlywed couple, then this plan is a must-have for you because in the future you might want to start a family and this plan will help you with finances at that time. One should also know that there is usually a waiting period of 9 months to 3 years, and you can't make any claims during this period. This is why it advisable for you to buy this plan as early as possible so that when you are ready to start the family, you don't have to worry about the waiting period. There is also an age limit to but this plan. Anyone between the age group of 18 to 45 can buy this plan. Your insurance company may not give you maternity cover in case pregnancy is detected. Such cases are covered under the group policy.  

Why buying maternity cover is important?

Health insurance may or may not provide you with maternity cover. Even if they do, it will come with its own set of limitations. If your health plan provides coverage for maternity expenses, there are other things that you need to give thoughts, things as, whether coverage will be enough for other ailments, what will be the premium, etc. This is the reason why it is advisable to buy different maternity insurance. 

Inclusions and exclusions under this plan

Inclusions:

  • Tests
  • Ambulance expenses
  • Medication
  • Inpatient care
  • Pre-natal expenses
  • Follow-up visits
  • Daycare
  • Post-natal expenses
  • Room rent
  • Caesarean/normal delivery
  • New-born baby cover

Exclusions:

  • Tests and treatment about IVF
  • Self-inflicted injuries
  • Pre-existing diseases

How can you purchase a maternity insurance plan?

You can easily purchase this plan online from the comfort of your home. You can compare the plans offered by different insurance companies and chose the one that suits you the most.