What is Health Insurance with Maternity Cover?
Health insurance maternity is a health insurance plan that includes maternity coverage.
Why Maternity Cover is important?
If you are expecting a child or are planning on conceiving, it’s a good idea to make sure you have adequate maternity health insurance. With the soaring cost of health care, it’s not a pretty situation to be saddled with huge medical bills. So buy Health Insurance with Maternity Cover.
Maternity coverage is often provided as an optional rider. If you are insured through your employer group plan, it may be more likely that you are covered for maternity expenses than if you hold an individual health insurance policy. With an individual policy, maternity coverage is not necessarily included. Maternity coverage can sometimes be added to your individual health insurance package as an optional rider, for an additional fee.
Here we’ll discuss various options available to you in obtaining maternity coverage –
Max Bupa Heartbeat Family First
Waiting Period– Waiting period of 24 Months (two years) for family floater.
Sum Insured Available – For Floater Cover – 3 lacs, 4 lacs, 5 lacs, 10 lacs and 15 lacs Sum Insured available.
Maternity Benefit –
1- Maternity cover for up to 2 deliveries. Heartbeat offers maternal benefits including pre natal and post natal expenses.
2- Newborn babies are covered (Covered up to Sum Insured) until the renewal of plan.
3- Any vaccinations during the first year are also covered.
Other Salient features
1. Health checkups – Insured are entitled to free health checkups every year or two depending upon plan opted.
2. Lifelong Renewal – Heartbeat can be renewed lifelong subject to specified conditions.
3. You can cover up to 13 relationships in your family.
Limitations – Costly compared to other plans available in the market.
Star Wedding Gift Insurance
Waiting Period– Expenses for delivery of a child within 36 months (Three Years) of continuous coverage from the date of commencement of this policy with the company. The waiting period of 36 months (Three Years) is reduced to 24 months (Two Years) when the policy is taken for a period of 4 years.
Sum Insured Available – Two options – 3 and 5 lacs.
Maternity Benefit –
1. Maternity Expenses – Wedding Gift covers expenses for delivery of one child, pre & post natal expenses, post delivery complication cover for mother after delivery.
2. Newborn Baby cover – Wedding Gift covers hospitalization expenses for newborn baby and also provides lump sum payment if the child is diagnosed with Down’s syndrome and Cerebral palsy.
3. Expenses for delivery of child (Caesarean/Normal Delivery – for one delivery only) up to the limits
4. Pre natal/ Post natal expenses included
5. Newborn baby cover (including Congenital disorders/defects)
6. Post delivery Complication cover for mother after delivery
7. Cost of test incurred for detecting any disorders in the Foetus up to Rs. 1,000/- (after a waiting period of 27 months). The waiting period of 27 months is reduced to 15 months when the policy is taken for a period of 4 years.
Other Salient features
Non-Allopathic treatments: These are also covered subject to maximum of 25% of Sum Assured or Rs 25,000 every policy year.
Policy Term offered – 1 Year, 2 year and 4 years.
Limitations
The waiting period of 36 months(two Years) is reduced to 24 months (2 Years) when the policy is taken for a period of 4 years.
Apollo Munich Easy Health
Waiting Period – Waiting period for Maternity benefits is after 48 months (Four Years).
Sum Insured Available – Easy Health Premium for individual and family floater is Rs 4 lacs, 5 lacs, 7.5 lacs and 10 lacs.
Maternity Coverage –
1. Health check up can be taken after two claim free years up to 1% of Sum insured per person for individual and 1% of Sum insured per policy.
2. Maternity benefits for both individual and family floater are available with Easy Health Exclusive.
3. New born baby coverage can also be opted with this plan.
Limitations
The waiting period of 48 months(Four Years)
Maximum Sum Insured 10 lacs
Oriental Universal Health Insurance Scheme
Waiting Period – A waiting period of 12 months from inception of the policy is applicable.
Maternity Benefit –
1. One Child Only (with 12 months waiting period)
2. Rs.2,500/- for normal delivery and Rs.5,000/- for caesarean delivery.
3. The above amount would also cover the medical expenses incurred in respect of new born child upto 3 months. However, this benefit is within the overall limit of Sum Insured of Rs.30,000/-
4. This benefit is available only once to an insured person during the currency of the policy or its subsequent renewals. ie. only once during the life time of insured person.
This health scheme is most suited for the economically weaker sections of the society as it has low premium starting at Rs 300 for an individual and between Rs 450 to Rs 600 for a family cover.
Frequently Asked Questions
Can I Purchase Individual Health Insurance Coverage While I Am Pregnant?
No, Almost all plans will have a waiting period of 12-48 months before any (or full) benefits will be paid out for maternity expenses.
When Can I Look for Maternity Health Insurance?
As soon as you get married, because all Maternity Health Insurance plans have a waiting period of 12-48 months
What is Waiting Period?
A waiting period is an initial period of health insurance during which no benefit is payable for certain procedures or services.
Waiting Period for above plans?
1. Oriental Universal Health Insurance Scheme – waiting period of 12 month
2. Max Bupa Heartbeat Health Insurance – waiting period of 24 months
3. Star Health Wedding Gift Insurance – waiting period of 24 months
4. Apollo Munich Easy Health Plan – waiting period of 48 months
Product Brochures attached here