A child brings happiness to our lives that is immeasurable. From the moment the little one is born, parents only think about him/her. However, with the arrival of the little human, a heap of responsibilities also come. Therefore, you better be prepared for welcoming the baby, with financial stability. Truth be told, finances need to be managed even before the child is born. During your pregnancy, you need to undergo several ultrasounds, health checkups, and even hospital bills. This is why it is very important to buy a maternity health insurance policy at the right time.
What is a Maternity Insurance Plan?
A maternity insurance plan aims at covering all expenses that are related to the delivery of the baby, which include both natural birth and cesarean. It also includes the additional expenses. This kind of plan covers hospitalization costs, prenatal costs, medication, and many more so that you can bring your child to this beautiful world without worrying about your finances. A maternity insurance plan comes as an additional rider or even an add-on cover with the regular health insurance plans.
Some of the Best Maternity Insurance Plans in India
Choosing the best maternity insurance plan from the long list of plans is not easy. Therefore, we have shortlisted some of the best maternity insurance plans for you to choose from.
SBI Arogya Premier
SBI is one of the most trusted as well as reliable sources when it comes to insurance plans. One of the best things about the maternity insurance plan provided by them is the waiting period, which is just for 9 months. You will also get restoration benefits with this plan. This means the money you put under this plan will automatically be returned if it is exhausted within one year of buying the policy. A Premium amount is not required for this.
Features of this plan:
- After 4 years of the policy every time, you will be able to avail of free health checkups
- For individuals under the age of 55 years, there are no pre-entrance health check-ups required
- If there is no claim on the previous policy year, a 10% increase will be there on the sum insured.
Bharti AXA Smart Super Health Insurance
Bharti AXA Smart Super Health Insurance plan comes as a great help and saves your money if there is a mishap. In addition to this, the maternity plan is also highly beneficial for all mothers. Under this plan, the maternity benefits package is totally optional and ranges from INR 3 lakhs to INR 7.5 lakhs.
Features of this plan:
- You can use the plan to cover up 2 deliveries or termination of pregnancy lawfully
- The plan comes with lifetime validity and you can avail of it at any point in your life
- From the date of the birth of the child, all expenses related to the newborn are covered for up to 90 days.
Apollo Munich Health Insurance Easy Health Family Floater
The Apollo Munich Health Insurance Easy Health Family Floater offers is one of the most trusted maternity insurance plans available in India. The plan is available in its exclusive and premium versions. Nevertheless, the waiting period of this plan is 3 years. Therefore, to avail of all its benefits, you must buy the plan sooner.
Features of this plan:
- The maternity costs that are the results of the pre and postnatal procedures, as well as care for the baby, are covered
- The validity starts from the date of the birth of the baby till the baby completes 90 days.
Apart from these, there are many other maternity health insurance plans available in the market. To take a look at them, you can visit the website of IIFL. You can also use the health insurance premium calculator to check the premiums that you would be paying to avail of all the benefits of the health insurance plans.
