Health Plans having maternity benefits

It is rightly said, “Health is Wealth”. The true wealth is health because if we lose good health, no money can give us pleasure. But the pleasure that supersedes all this is having your cute baby in your hand. Parenthood is one of the most wonderful things. A new baby is like the beginning of all things - wonder, hope, a dream of possibilities. Today many health Insurance plans cover all the expenses related to maternity so that you can cherish the moment without having any effect on your savings.

Maternity coverage is not a stand-alone insurance plan but a benefit associated with some health insurance plans to help cover medical expenses associated with pregnancy and delivery. Maternity benefits covers hospitalization expenses related to pregnancy which typically includes hospitalization expenses, child delivery charges for both normal and caesarean, pre and post natal charges, new born coverage, vaccinations and post care expenses.

Almost all the companies offering the health plans with maternity benefits are same. The things to be checked while comparing is the waiting period, categorization for hospital cover, renewals , limits for ordinary /caesarean delivery and the reimbursement time if we visit in non-network hospital.

Some Health plans available in market with the maternity benefits:

1)      Max Bupa – Heart Beat

Waiting Period - Waiting period of 24 Months (2 Yrs) for family floater.

           Maternity Benefit:

·         Maternity cover for up to 2 deliveries. Heartbeat offers maternal benefits including pre natal and post natal expenses.

·         Newborn babies are covered (Covered up to Sum Insured) until the renewal of plan.

·         Any vaccinations during the first year are also covered.

2)      Apollo Munich     -  Easy Health-Family Health Insurance Plan

Waiting Period – Waiting period for Maternity benefits is after 48 months (4 Yrs).

Maternity Benefit:

·         Comprehensive coverage for hospitalization

·         Coverage offered for Pre & Post-Hospitalization.

·         Daily cash for accompanying an insured child (For Sum Insured 4.00, 5.00 lacs: Rs.300 per day, maximum Rs. 9000; For Sum Insured 7.50, 10.00 lacs: Rs. 500 per day maximum Rs.15,000).

·         Daily cash for choosing shared accommodation (For Sum Insured 4.00, 5.00 lacs: Rs.500 per day, maximum Rs. 3,000; For Sum Insured 7.50, 10.00 lacs: Rs. 800 per day maximum Rs. 4,800)

·         Coverage for new born baby.

3)      Star Health - Star Wedding gifts

Waiting Period - Expenses for delivery of a child within 36 months (3 Yrs) of continuous coverage from the date of commencement of this policy with the company. The waiting period of 36 months (3 Yrs) is reduced to 24 months (2 Yrs) when the policy is taken for a period of 4 years.

Maternity Benefits:

·         Expenses for delivery of child (Caesarean/Normal Delivery - for one delivery only) up to the limits

·         Pre nad Post natal expenses included

·         Newborn baby cover (including Congenital disorders/defects)

·         Post delivery Complication cover for mother after delivery

·         Cost of test incurred for detecting any disorders in the Foetus upto 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.

4)      Royal Sundaram - Total Health Insurance master product

Waiting Period - Benefit is available after a waiting period of 36 months (3 Yrs).

Maternity Benefits:

·         Hospitalization expenses related to pregnancy.

·         Any complications are paid under this policy.

Related Articles - health plans, maturity benefits, health insurance, maternity plans,

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