Maternity Insurance Plan Features Checklist
The journey from the pregnancy stage to finally welcoming the new-born, motherhood brings a wave of emotions for a woman. From being joyful and proud to be anxious and irritable, she undergoes a lot of physical and emotional changes. That is the time when she needs constant care and support from her family.
However, the challenge is not only limited to being mentally prepared for parenthood but also being financially ready to handle the rise in expenses owing to the frequent visits to the doctor, medical tests, medicines, etc. Getting a maternity insurance cover is extremely important, given the high costs of prenatal care and those incurred after childbirth.
Reading about all the exclusions and inclusions of a maternity insurance policy is highly essential so that you can plan your finances and get the most out of your insurance plan.
Here are some of the major features of a good health insurance policy for maternity.
Complete Cover Before, during and after Hospitalization
Maternity care begins much before the actual childbirth phase and it would involve frequent visits to the doctor, physical examinations and medication. After childbirth too, the woman is required to undertake follow-up visits to doctor and lab tests. A sound health insurance with maternity cover ensures you are covered for all these expenses. In addition, it also covers costs incurred for the in-patient services and medical procedures during hospitalization. Often, such plans provide coverage for both normal as well as cesarean delivery.
Cover for the New-born Baby
Just like the mother, the new-born baby too requires dedicated medical care involving screening tests, physical examinations, and vaccinations. A good insurance plan for maternity will cover all of these expenses. Some maternity insurance plans like the one offered by Care Health Insurance (Formerly Religare Health Insurance) offers coverage for the new-born baby for a maximum period of 90 days starting from birth.
You will be required to adhere to a waiting period as mentioned in the policy document. That is, before completion of that period you cannot make an insurance claim. It usually varies from a minimum of 9 months to a longer period of 2 years, subject to policy terms and conditions.
Mediclaim in Network Hospitals
Thinking about securing money to pay for the hospital bills, while you are going through the anxious moments of childbirth, only raises the anxiety levels. A cashless mediclaim policy helps one manage the payment of medical bills. All you need to do is present your health card at any of the network hospitals of your insurer. In case, you decide to get admitted in a non-network hospital, then your insurer will reimburse the medical bills.
Hence, you must check if your maternity cover guarantees cashless health insurance to avoid last-minute hassles.
Apart from the waiting period, you also must check for the exclusions in your policy. Remember to do so as soon as you buy the policy in order to ensure you have sufficient time to arrange finances for the expenses you might not be covered for. Some exclusions you would see include pre-existing ailment during the waiting period, alternative treatment, dental treatment, congenital disease, and treatment for infertility and in-vitro fertilisation.
When opting for health insurance plans in India for family, there may be a cap on the coverage amount, say Rs. 50,000 for delivery related expenses. You can also choose an exclusively-designed maternity insurance policy that works to ensure you get quality treatment for the mother and baby without any hindrance. Care Health Insurance (Formerly Religare Health Insurance) brings a special product named ‘Joy’ for maternity and new-born cover where you get the advantages of complete maternity care.