Whether you are a first-time mother or planning for one more baby, maternity care comes with a great responsibility. Due to advancements in the healthcare industry, maternity care can be expensive and create a financial burden if faced alone. To protect yourself from such financial stress, you must invest in maternity health insurance. The best health insurance plans enable you to enjoy this beautiful time of your life.
Let’s explore the top 4 maternity health insurance plans you consider for your pregnancy.
Understanding Maternity Insurance
Maternity health insurance is your best friend during your pregnancy journey. It is specially designed to cater to your unique needs and requirements. Such plans cover your expenses related to pregnancy and childbirth. The best health insurance plans for pregnant women in India offer the following benefits:
Prenatal care includes regular check-ups and consultations to monitor your and the foetus’s health.
Insurance policies also assist you post-delivery and cover any potential complications that may arise.
Insurers cover all necessary vaccinations for your baby, ensuring his or her safety.
Ultrasounds and blood screenings are highly recommended to identify any potential complications early. These diagnostic tests are included in the best health insurance plans for pregnant women.
If you are diagnosed with any foetal issues, placenta issues, or heavy bleeding, which requires immediate hospitalisation are covered under the maternity health insurance plans. It reduces your financial burden and enables you to focus on your recovery process.
How to Choose the Right Insurance for Your Pregnancy Journey?
There are multiple insurance policies available in the market that claim to be the best. Getting confused in such a situation is natural. Hence, when purchasing the best health insurance plans for your pregnancy journey, you should consider the factors listed below:
Coverage Limits: Coverage levels vary depending on the insurer and the type of plan. Ensure that the insurer offers extensive coverage, including prenatal care, childbirth, operations, prescription drugs, and other expenses related to pregnancy.
Network Providers: Not everyone is comfortable with any doctor; therefore, ensure that your preferred healthcare providers are covered by your policy to avoid higher out-of-pocket expenses.
Pre-existing Conditions: Pre-existing diseases are often excluded from maternity insurance. If you have a prior medical history that could affect your pregnancy, you should verify the coverage option from your insurer.
Costs: There are various costs involved in the insurance policy, such as premiums, deductibles, and co-payments. Conduct thorough research on the plans available in the market and select the one that aligns with your budget preferences.
Waiting Periods: Insurance policies include a waiting period for pre-existing conditions. This means you cannot claim benefits immediately after purchasing the policy. The waiting period can vary according to the plan.
Insurer’s Reputation: Examine the insurer’s reputation by comparing their Claim Settlement Ratios (CSR). This ratio represents the successful number of claims settled in a given financial year and reflects the company’s financial position. You must invest in a company with high CSR.
Top 3 Maternity Insurance Policies
Niva Bupa: It is one of the most trusted insurance providers renowned for its customer-centric approach and various benefits that are mentioned below:
Niva Bupa offers extensive coverage, including prenatal care, postnatal care, emergency services, pre and post-hospitalisation, prescription drugs, and more, mitigating your financial burden.
They have an impressive Claim Settlement Ratio of more than 90%, indicating their commitment to customer satisfaction.
They offer cashless treatments that are beneficial during medical emergencies.
For instance, preterm labour or heavy bleeding are common complications that can occur during pregnancy. These medical conditions require an immediate caesarean section, which can be expensive. Cashless treatments enable you to seek care without the fear of upfront payments.
Niva Bupa offers wellness programmes that can help you provide mental support during this critical time and ensure your peace of mind.
HDFC ERGO Maternity Insurance: HDFC ERGO is known for the following:
Offers a wide range of insurance plans
- Extensive coverage
- 24×7 customer assistance
- Cashless facilities
- Wellness programmes
Care Maternity Insurance: It is also known as Religare Insurance. Religare is a leading insurance provider in India, offering the following benefits:
- A variety of sum-insured options
- Unique insurance plans
- Free health check-ups every year
Includes maternity coverage and newborn care, which is ideal for families planning to expand.
Wrapping Up
When comparing different pregnancy insurance policies, it is critical to consider coverage details, premiums, and benefits. Many policies cover prenatal care, labour, and delivery costs, but they differ in terms of critical illness insurance, which can provide additional financial protection in the event of unexpected health complications during pregnancy.
If you are planning to expand your family and looking for maternity insurance, consider Niva Bupa. They offer various insurance plans, including critical illness, maternity, and health plans. They are known for their efficient claim process and customer-centric approach.
Contact them today and book your plan.