Planning pregnancy and giving birth to a child is an event full of joy. Inviting a new baby into your family is a celebration that can't be compared to any other event. However, in today's times, the cost of medical care is increasing dramatically.
Most importantly, you can see this trend in maternity and childbirth expenses. Delivering a baby at a good hospital can cost Rs.50,000 to 1.5 lakh. In addition, this cost can rise even higher if you go through any complications during childbirth.
So, this is where insurance for pregnant women comes into play. Maternity insurance provides you with financial protection as well as peace of mind. In this blog, you will learn about maternity insurance and its inclusions and exclusions. So, let's get started.
What is Maternity Insurance?
Let's start by understanding pregnancy insurance. As its name clearly says, it is the insurance that covers maternity. Simply, it covers the cost associated with childbirth, including pre and post-natal expenses. It is a standalone insurance policy that you can buy, meaning it will specifically cover maternity expenses.
Moreover, it also comes as an add-on cover, clubbed with basic health insurance like DIY Health by Generali Central. Hence, it not only covers your health but also provides the best insurance coverage for pregnancy.
What are the Inclusions in a Maternity Insurance Plan?
Maternity insurance is made in a way that it gives you financial protection during one of the most happy and critical times in your family. So, let's look at the different aspects that can be covered in your maternity insurance plan.
- Pre-Hospitalisation and Post-Hospitalisation Expenses
Your maternity insurance plan can include 30-day pre-hospitalisation and 60-day post-hospitalisation expenses. Your plan will cover the costs of consultation, medication, and more for the pre-hospitalisation period. Then, for the post-hospitalisation period, your plan will cover the expenses up to 60 days after discharge. It may include follow-up medications and consultations.
- Delivery Expenses
A maternity insurance plan also covers all the costs related to the normal delivery of your baby. So, it may include labour room charges, doctor's fees and more. Moreover, if you need a C-section delivery, your insurance can also cover the higher expenses associated with this procedure. For example, it will cover the surgery and your hospital stay.
- Hospitalisation Expenses
A good maternity plan also covers the cost of nursing care offered at your hospital. Moreover, the charges for the room and the operational theatre are also covered in your plan. Hospitalisation expenses also include your doctor and anaesthetist's fees.
- Newborn Medical Treatment
Today, the chances of respiratory diseases are very high in C-section deliveries. That's why such treatment costs are also covered by maternity insurance.
- Vaccination Expenses
Vaccination has become increasingly important. Hence, your maternity plan should cover the cost of the essential vaccines for your baby.
- Cashless Treatment
Many maternity insurance plans offer cashless treatment at network hospitals like FG Health Elite. With this premium policy, you won't have to worry about carrying cash in your pocket. Plus, you get many other premium features.
You should be aware that coverage depends on the type of plan you choose for your maternity insurance. Your insurance company will not cover anything beyond that.
What are the Exclusions in a Maternity Insurance Plan?
Maternity insurance plans come with certain exclusions that you should know. Moreover, you can plan your finances more effectively by understanding these expulsions.
- Pre-existing medical conditions
Any pre-existing medical conditions that may impact your pregnancy are typically not covered. It includes chronic illnesses or conditions diagnosed before purchasing the insurance.
- Congenital Diseases
Congenital diseases are the diseases that you have had since birth. Expenses that are related to the treatment of your congenital diseases are also removed from your plans.
- Infertility Treatment Expenses
Most maternity insurance does not cover treatments that are related to infertility. So, your maternity insurance plan does not include processes like IVF or other ART.
However, with a policy like FG Health Absolute, you get maternity and infertility coverage as well. Hence, it is comprehensive Women Insurance.
How to Buy the Right Health Insurance with Maternity Cover?
To buy the right health insurance with maternity coverage, you should follow these simple steps:
- Search for credible insurance companies online, like Generali Central.
- Browse the available plans and check the inclusions, exclusions and other important clauses.
- Now, choose the best health insurance for maternity according to your requirements. For instance, if you also want to cover infertility expenses, Health Absolute is the best plan, and if not, you can choose Health Elite.
- Lastly, buy the plan and that's it.
In conclusion, this is what pregnancy insurance means. It is an important part of health insurance, so you should always choose a policy that comprehensively covers pregnancy expenses, like FG Health Absolute and FG Health Elite. However, if you missed it by mistake, a policy like FG DIY Health allows you to add the pregnancy cover through an add-on.
