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When starting a family, securing your financial future is perhaps the single most crucial commitment you need to make. Every expecting mother deserves special care, and having a good maternity insurance plan is the first step. A vital factor to consider in every health insurance policy is the waiting period. A waiting period in health insurance is defined as the time that must pass before one can avail of the full benefits of the coverage.
With parenthood come many responsibilities, including financial planning, which is crucial at this stage. To access the best medical care, one should opt for adequate maternity cover, considering the high cost of maternity care in India. Opting for a health policy will ensure a safe pregnancy by covering a range of expenses such as delivery costs, pre and post-hospitalization medical costs, ambulance charges, and the new-born cover.
Unfortunately, there are no policies that offer health insurance with maternity coverage having no waiting period. Usually, the waiting period ranges from nine months to two years when it comes to maternity insurance. Hence, it is crucial to strike a balance between your budget and the maximum period for which you can wait before it becomes necessary to claim the insured amount for pregnancy-related expenses.
Now that we know it is impossible to get maternity insurance in India that has no waiting period. Hence, it means that planning much ahead for pregnancy is not only hugely beneficial but also necessary when signing up for a maternity policy.
Choose ‘Joy’, a maternity-based health policy by Care Health Insurance that will give you the right start to the journey of parenthood. It will provide you with financial protection against the rise in medical expenses during this phase of life. Besides providing comprehensive coverage for hospitalization, prenatal and postnatal care, day care treatments, and ambulance cover, the plan also covers new-born baby till 90 days from birth. A minimum waiting period of 9 months with our plan ‘Joy’ today is an advantage. So, you can avail coverage for various maternity-related expenses without any delay.
Moreover, with a cashless hospitalization facility at 8350+ network hospitals, you can access medical care without worry about paying hospital bills. We will settle your expenses directly with the hospital. Experience a hassle-free claims procedure. Further, stay worry-free about renewals by opting for a multi-year policy.
There are mainly four major types of waiting periods:
While looking for maternity insurance, already pregnant Indian women in India may find it difficult to get coverage with no waiting period as many insurers do not offer this option. The reason is that an insurer considers pregnancy as a pre-existing condition and beyond coverage. So, it means maternity insurance plans do come with a waiting period..
Pregnancy is a crucial phase in a woman’s life, and prior planning is the best way to safe motherhood. Since finding pregnancy health insurance with no waiting period policy may not be possible, it is necessary to plan much ahead as there is a waiting period clause.
Yes, the waiting period for pre-existing diseases can be cut short by paying a higher premium. in your individual health insurance or family floater plan. However, it is better to invest much early to avoid any hassle when it comes to maternity policies.
Since getting maternity insurance for already pregnant Indian women is difficult, early financial planning is the only way to prevent any financial crisis during parenthood. It is a crucial step everyone should take for their family’s well-being. The maternity health policy will enable the insured to get quality maternity care with benefits like cashless hospitalization, new-born baby cover, and Section 80D tax benefits.