Maternity is a crucial phase in a woman’s life as there are various emotional and psychological aspects associated with it. However, the one aspect that we ignore is the financial one. These days pregnancy means vitamins, regular check-ups, tests, diet plans, and much more. The fees charged by doctors for delivery, medication, and other services have grown to such an extent that couples even need to prepare themselves financially by investing in a maternity complication cover and such other plans before entering the stage of parenthood.
There are many insurance plans in the market and they are designed to reduce the stress of extra fund requirements that you face during this particular period. The sum insured by these plans varies as per your fund requirements and the plan you choose. It is better to be wise before rather than regretting your decision later and therefore, you must check the features of different plans and compare them before making a decision.
What does maternity insurance mean?
Maternity insurance means the financial coverage that an insurance plan offers to carry out the medical treatments and expenses associated with the baby and the mother during the pregnancy period. These are the most popular avenues when it comes to finding an insurance plan that covers expenses related to maternity:
Health Insurance Policies
Many health insurance policies offer maternity as an addition or add-on coverage and their expense limit and type of covered expenses vary from plan to plan. However, this might not prove to be enough especially as the hospitalization charges, medical bills, and dietary costs are also increasing at an alarming rate.
Corporate medical benefits
If you are working in a corporate company then maternity insurance is also included alongside the medical cover. This coverage is mostly nominal as most of your expenses are not included in it.
Maternity policies
As both the above options provide limited coverage and lack the latest features, a better idea would be to open a separate maternity insurance policy. Such an insurance policy will not only provide adequate coverage but will also come with features and facilities that will prove to be of great help for you during and after delivering a baby.
Bajaj Finserv is offering maternity coverage that not only covers a comprehensive range of medical facilities and services but also includes other features that will make your journey towards parenthood smooth and free from worries. The main benefits of availing of this pregnancy insurance are given below:
Extensive coverage – This maternity health insurance covers stay in the hospital, medicine charges, delivery charges, and other bills as well. The hospitalization expenses include stay in the hospital before 30 days of delivery and after 60 days after delivery as well.
Other expenses such as ambulance charges, post-delivery charges, etc. are also covered under this insurance policy. Therefore, you need not worry about the additional costs that are associated with pregnancy.
Coverage for the born baby – If the newborn is facing some health issue then this plan covers it as well. As a result, we can say that this plan cares for both mother and the newborn.
Flexibility – The cashless payment option in over 5000 network hospitals across India allows you to be tension-free during your stay in the hospital. The claims can be settled even in non-network hospitals by connecting to a single point.
These flexible features make the entire process hassle-free. Also, you can apply for this insurance plan by using an online form conveniently.
Apart from that, this insurance plan covers the delivery fee irrespective of whether the delivery is of cesarean or normal type. To get comprehensive coverage and the finest facilities during, before, and after the pregnancy, you can think of applying for this maturity insurance policy.
health insurance policies offer maternity as an addition or add-on coverage and their expense limit and type of covered expenses vary from plan to plan. However, this might not prove to be enough especially as the hospitalization charges, medical bills, and dietary costs are also increasing at an alarming rate.
These flexible features make the entire process hassle-free. Also, you can apply for this insurance plan by using an online form conveniently. Other expenses such as ambulance charges, post-delivery charges, etc. are also covered under this insurance policy. Therefore, you need not worry about the additional costs that are associated with pregnancy.
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