Motherhood is an experience like none other. For many women, it can mean feeling complete. Many times plans of being a mother can take a back seat due to commitments to career and personal life. Even during pregnancy, a woman still has her existing responsibilities. All of this can amount to a lot stress which is not healthy during pregnancy. However, that seems to be the norm. Hence, problems during childbirth have also become very prevalent.
Motherhood is not only a big responsibility but also a very costly affair. Many couples plan their family based on mental and emotional factors rather than taking into account their financial status. Expenses will only grow once the baby is born. Even before the baby is born, there are various expenses that go into the care and nourishment of the child and the mother. These expenses are known as maternity expenses. Usually, any expenses related to health would fall under health insurance. However, the basic medical insurance coverage does not include maternity coverage. Hence, you should look into maternity insurance:
What is maternity insurance?
Health insurance covers the medical expenses of a policyholder. However, basic health insurance covers expenses done on treatment of illnesses and accidents. Having a baby does not come under either of those categories. Hence, it is not covered by health insurance. n insured person. On the other hand, maternity insurance can be a very important benefit for pregnant women. It pays for all the expenses related to normal pregnancy, childbirth and childbirth. Some of these maternity plans also support newborn care and other related expenses.
Is there any benefit in purchasing a health plan with maternity benefits?
Childbirth in a good hospital has become very expensive today. A normal delivery without any problems costs around ₹ 20,000 to ₹ 50,000. However, Caesarean delivery is very expensive. It is priced between ₹ 35,000 to ₹1 lakh.
Depending on your financial situation at the time, it may not always be possible to bear such a large amount at the time of delivery. Moreover, better services for the mother and the baby will cost you more than the regular amount. Having maternity coverage can reduce your financial stress during pregnancy.
Some corporate organizations also offer group family health insurance plans with maternity coverage for employees and their spouses. If your company offers, you will be saved. Otherwise, it makes sense to buy an individual maternity plan. * Standard T&C Apply
Here are some reasons why an individual plan may be a better choice than the corporate group health cover:
- If you change your job, your health coverage is lost along with maternity coverage.
- Coverage under Group Health Policy may be limited in terms of value.
- The group plan does not cover pre-natal and post-natal expenses related to childbirth. An individual plan covers it all.
* Standard T&C Apply
Why should you buy maternity coverage early?
Firstly, you never know what curveballs life will throw your way. Hence, it is better to be prepared. In the case of maternity coverage, there are various risk factors associated with having a child. Buying maternity coverage right when the problem arises would not be the smart thing to do. Moreover, just like any other cashless health insurance policy, maternity coverage also has waiting period. Before this waiting period, the policy will not cover you for maternity expenses. Hence, you should take the waiting period into account when planning to start a family. Ideally, it is best to purchase maternity coverage as soon as you decide to have a child. * Standard T&C Apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.