Maternity Health Insurance

By Author: Andy Smith
Total Articles: 13
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Maternity health insurance is an insurance by which maternity expenses are compensated by the insurance company. Few years back, there was no maternity cover in India available. Today, thanks to the fierce competition among insurance companies, they have introduced them. Some health insurance companies do not have a separate insurance product for compensating for maternity expenses. In such companies, the are offered under riders or add-ons. Under the add-ons or riders, the customer will have to pay extra premium to include maternity expenses as well.

The importance of maternity health insurance

• Maternity health insurance is an important scheme because of the fact that there has been a steep rise in the maternity expenses today which can range between Rs.25,000 to Rs.100,000 or more in small, medium to corporate hospitals.
• The increase in maternity costs can have major financial impact on middle income people. Which is why, taking maternity medical insurance makes sense.
• One of the first and foremost things to take care for maternity health insurance in India include to look out for such ...
... kind of health insurance policies in India where there is a scope for maternity expenses.
• Alternatively, you can also look for policies of health insurance in India where maternity compensation can be added as extension or add-on. Such an addition can be important. After maternity compensation made, the extra premium payment can be stopped.
Features of maternity insurance:
• The waiting for maternity compensation under individual policies can range from 3 years to 6 years depending upon various companies. But under group policies, the waiting may not be more than 1 year.
• The maximum amount of coverage under maternity expenses range from Rs.50,000 to Rs.100,000 depending upon companies providing health insurance in India. Compensation may also differ based on the type of delivery, whether normal delivery or c-section.
• Taking health insurance policy during pregnancy for meeting maternity expenses would be futile as insurance companies would recognize it as a pre-existing condition. So, it is a good idea to start early, if you are not covered under group medical insurance policies.

These are some of the features of insurance policy related to maternity. This feature of medical insurance has been picking up demand in the recent years. The demand for maternity insurance has been increasing due to the increased health care expenses for pregnant women and increase in delivery expenses over the years. Apart from the cost, rise in the number of birth complications is also concerned reason for most people nowadays.

Maternity compensatory insurance has also to be developed as it is still in its initial stages of development. As more and more people are becoming aware of the many complications and the rise of competition among the insurance companies, it is only a matter of time before a full-fledged maternity insurance is introduced today.

Policybazaar health insurance offers plans from leading health insurers that will help you to choose the best health insurance plan.