5 Facts About Health Insurance with Maternity Cover
Five facts which will be helpful for you to know about maternity health insurance in India-
- Maternity health insurance covers the expenses faced by a woman when she is pregnant. These expenses cover pre hospitalization (30 days) and post hospitalization (60 days), delivery expenses, pre and post natal expenses, baby cover.
- Most maternity insurance have a waiting period only after which the insurance comes into effect which can be of 3 to 6 years depending upon the policy taken only after that a policy can claim benefits. People should buy the policy around the time they get married so that the waiting period is over by the time they are ready to conceive a baby.
- The maternity insurance can be taken before you get pregnant not after as it is deemed a pre existing condition, insurance companies don't cover expenses if you have taken policy after. If you are already pregnant then many corporate employers provide maternity benefits to cover expenses ( but with a sub limit up to 50,000) along with maternity leave up to 26 weeks according to Maternity Benefit (Amendment ) Act, 2017.
- An average cost of child birth is around 35,000 which can vary according to the hospital you choose. Most people think they will build a corpus by saving for it and then use it at the time of pregnancy but it's a fund which can be broken at the time of emergency thinking. But the lifestyle of today's youth has changed which results in drastic effect on their health and even leads to complication in the pregnancy and this is when the need of maternity insurance kicks in and the expenses become unaffordable for a middleclass family to bear in lump sum.
- There are two types of insurance you can take for maternity benefits- one when it is already included into your comprehensive health insurance plans or you can include it as a rider. Second you can take a maternity specific health insurance which may be costlier but has lesser waiting period of 9 months to 2 years. This kind of plan also covers new born birth defects.
HDFC Life presents HDFC Life Smart Woman Plan - a woman specific plan that offers extensive benefits for the overall financial inclusion of today's woman. For details, click on the mentioned link: https://www.hdfclife.com/women-insurance-plans/smart-woman-ulip-plan.
Related Article:
- Health Insurance - Meaning & Definition
- 7 Ways to Save on Health Insurance smartly
- Health Insurance for Heart Conditions - Cardiac Care Insurance
- Why do I need a Health Plan?
- How to port health insurance after marriage
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore