Parenthood brings a lot of excitement, happiness and yes a bundle of responsibilities. However, you can’t ignore the fact that raising a child is certainly an expensive affair when the expenses start from the moment someone conceives. If you too are planning a family and are aware of the steep rise in the maternity expenses, it’ll take less time to convince you to understand about maternity insurance.
In this regard, to ensure the right maternity insurance, you should know certain things about maternity insurance. Here we go!
Maternity insurance is designed to provide a financial shield towards the expenses incurred during your pregnancy. No doubt pregnancy is a wonderful feeling for every woman. Hence, you shouldn’t let anything to dampen the excitement. Maternity insurance is there to cover you for any emergency related to your pregnancy, starting from pre and post hospitalisation expenses to postnatal care. However, the coverage may differ from insurer to insurer. The hospitalisation expenses mainly cover-
Maternity Insurance Premium: The only disadvantage of maternity insurance is it comes with a high premium. The reason behind is you may not need the cover, and it covers almost a certain event and can help lessen its financial impact.
It always comes with a Waiting Period: Maternity insurance policies come with a defined waiting period, during which you can’t claim the policy. Usually, it is 2 to 4 years. However, there are very few who serve the policy with less waiting period. Hence, the insurance experts advise buying the policy as early as possible.
Apart from the aforementioned information, here are some tips to make the buying process easier:
Without a doubt, maternity is the best phase of your life. Do prepare for it with maternity insurance in place, so that your savings are untouched!
Women Take Heed – Reasons a Working Woman Needs an Insurance Policy
Maternity Health Insurance - Planning to start a family and are aware of the steep rise in the maternity expenses, here are few things to know about maternity insurance plans.
Health Insurance vs Critical Illness - Know the difference between Critical Illnes and Health Insurance. Read more about the features and benefits of Health Insurance and Critical Insurance.
Types of Health Insurance Policy in India - There are an array of health insurance plans in India. Here are different types of health insurance plans & policies in India.
Health Insurance Frauds in India - Health Insurance Scams are increasing in India and can be of many types including claim, application fraud, eligibility fraud, etc. Read more!
Cancer Health Insurance Policy - Know the benefits, factors to consider before buying a Cancer Insurance Policy in India and Inclusion and Exclusion in Cancer Care Policy.