With time, Westernization has successfully managed to tighten its grip over the Indian culture. On one hand, it seems to have a good impact with better spreading importance of gender equality, however it has a flip side to it which has caused a drastic shift in the average age of women becoming pregnant.
Ever since women have started giving priority to their careers, they tend to plan their family in the early 30s as motherhood in their mid-career stage could jeopardize their growth. For the most apparent reasons, this has given a tremendous rise in women undergoing caesarean deliveries in comparison to normal deliveries which is why women have started opting for a health cover that offers maternity benefits.
Maternity plans are considered to have long waiting period, sometimes it go up to 3 to 6 years. Hence, it is recommended to opt for a Maternity Insurance that will not just help in easing off the process of mother and child care, but also lets you embrace your parenthood entirely.
What is covered under Maternity Plan?
The coverage for Maternity related expenses varies from one insurer to another, however there are some general expenses covered under all the pans –
- Hospitalization expenses
- Pre Hospitalization expenses of up to 30 days
- Post Hospitalization expenses of up to 60 days
- Delivery expenses
- Ambulance cost
- Vaccination
- Baby cover in case the new born is diagnosed with congenial disorders
- Pre and Post natal expenses which varies depending upon the type of delivery (C-section or normal)
- Any other emergencies (coverage up to Rs. 50000)
Premium charged for Maternity Insurance Policy
A typical Health Insurance plan that offers maternity benefits proves to be an expensive affair, and is also thought out to be a high risk product owing to almost 100% claim ratio, unlike other insurance policies. The premium charged for such exclusive policies are high in comparison to other basic policies, and the reason why high premiums are charged is because, in case of a regular health insurance policy, you may not necessarily need the cover, but a maternity plan covers almost certain event and can prominently contribute in lessening the financial burden.
Conclusion
It is probably a great idea to have a complete family floater health plan covering maternity benefits. This way a single plan would suffice to cover health care expenses for the family and also maternity expenses with just an additional premium payment. However, if you wish to invest in an exclusive maternity insurance plan, it would help you in keeping away from the stress of paying huge medical bills in the hospital and pre and post natal medical checkups.
Thus, we can state that an exclusively designed maternity plan can easily support the beautiful moments before and after pregnancy without the need of having any financial stress.