Maternity health insurance

What is health insurance with maternity cover – Edelweiss General Insurance Blogs

22nd July 2022 8min read 154 views

Preparing for and welcoming a new baby to the family can be overwhelming. Parents prepare themselves in many different ways. They attend classes and read books to learn as much as possible. During this time, some people may forget the financial aspect of pregnancy and childbirth. A family health insurance policy provides ample support at these times.

What Is Maternity Health Cover?

Many health insurance policies offer maternity cover with their base plans or as an add-on. The cover helps with the cost of hospitalisation during delivery.

Importance of Maternity Health Insurance Plans

While looking for a health insurance policy for family, you should always consider plans with maternity cover. Let's look at why:

It Provides a Financial Safety Net
As per data from the National Family Health Survey, 21.5% of births across the country happen via caesarean or C-section. Almost half of all deliveries in private facilities are caesareans. Complications can arise at any point during the birthing process. Your maternity cover will help with the cost of hospitalisation during the delivery. A few pre- and post-hospitalisation costs might also get covered.

It Helps You Deal with Medical Inflation
A Motilal Oswal Financial Services Limited (MOFSL) report recorded India's medical inflation at 14%, the highest in Asia. The inflation and potential last-minute complications could lead to a significant bill after giving birth. The maternity coverage offered by medical insurance plans helps you deal with medical bills, irrespective of rising costs.

It Provides Protection for Your Baby
Maternity health insurance plans provide health coverage for your baby as well. Most medical policies offer coverage for newborns for up to 90 days as part of their maternity coverage.

Understanding Maternity Health Coverage
If you’d like to grow your family soon, you should know a few crucial things about maternity health coverage. Start by getting familiar with the  types of health insurance plans available. Some insurance companies only offer maternity coverage as an add-on. Always check the fine print to understand whether your policy covers childbirth. Next, look for the waiting period. Most insurance companies only allow claims against maternity coverage after four years of continuous coverage. You should also check which hospitals fall under your insurance company's network to enjoy quick and easy cashless health insurance claim settlements. Finally, remember to check the exclusions. Maternity coverage will not include the costs of regular check-ups, medications or fertility-related treatments.

Most people do not consider purchasing maternity coverage with their health policy until it’s too late. Given the long waiting periods, youngsters should get maternity coverage right from the time they’re in their early 20s. If you have a policy without this coverage, choose to add it the next time you renew health insurance. To enjoy uninterrupted medical coverage, always ensure you renew your policy before it expires. If you haven't got health insurance yet, don't delay any longer! Visit the Edelweiss General Insurance website today to find affordable health plans that offer maternity coverage.

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