Maternity health insurance is a type of health insurance that helps pay for prenatal and postnatal medical care for the mother and her baby. As an optional supplement to your current health insurance policy, you may additionally get maternity coverage. Pregnancy insurance will pay for either a cesarean or a natural birth. Consultation fees, surgeon fees, and anesthesiologist fees are all examples of out-of-pocket costs that may be covered by maternity insurance prior to and after hospitalisation.
Maternity Health Insurance Policy benefits are:
Acts as a financial backup
Insurance covers vaginal and surgical births during pregnancy. You won't have to worry about the cost of any procedure. Some policies cover pre- and post-hospitalisation fees, up to 30 days before and 60 days after discharge. Insurance covers surgery, checkups, hospital stays, and nursing care.
Delivery in a private hospital is expensive
Private hospitals are in demand because consumers desire superior care. Patients can't afford these facilities. A cesarean section costs Rs. 50,000 to Rs. 1 lakh, while a private hospital delivery costs Rs. 50,000 to Rs. 70,000. Predicting pregnancy problems, outcomes, and expenses is difficult. With maternity insurance, you may take baby steps without feeling financially overwhelmed.
Covers new-born baby from day 1
Newborns are usually not covered until 90 days old. Maternity health insurance protects newborns from birth. During the course of the policy year, certain plans will pay for vaccinations for new-born children.
Prepares the couple for complications:
In complex situations like premature birth, a newborn needs incubation. Daily costs are around Rs. 10,000. These disasters can exacerbate an already difficult financial situation. If you have maternity insurance, most of your costs will be covered. Certain maternity insurance policies cover medical care for newborns with serious diseases or congenital disorders.
Helps a couple to start a family without the financial burden. Due to the costs associated with having and maintaining a child, most modern-day couples carefully plan their pregnancies. You can save money while preparing for a child by purchasing a maternity insurance policy with a sub-limit of anywhere from one to four years.
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