Maternity Health Insurance

Motherhood is one of the most incredible experiences in a woman's life. But it also brings a fair amount of health issues that may create pressure on your finances, building up to the hospitalisation costs at the time of delivery. Comprehensive maternity insurance assists and enables expectant mothers to access the best health care facilities without facing financial burdens. In turn, the entire family can enjoy the time together and get set to welcome the new member with pomp.

A maternity insurance plan covers the expenses for normal and c- section deliveries up to the sum insured under a policy term. This insurance coverage is typically included as a rider or add-on benefit with a standard health insurance policy. Many maternity insurance providers cover up to two pregnancies. It also covers the newborn’s vaccinations as well as any medical costs that may arise. Pre- and post-hospitalisation coverage is also available for up to 30 days before and 60 days following hospitalisation.

Features and Benefits

  • Comprehensive coverage

    Maternity health insurance covers the expenses for delivery, hospital stay, medicines and more.

  • Newborn care

    The policy coverage is extended to the new born if he/she is diagnosed with any kind of critical illness.

  • Easy online application

    Apply for a maternity health insurance online from the comfort of your home or office.

  • Ambulance charges

    Ambulance charges during an emergency are covered under this plan.

  • Hospitalization coverage

    Any pregnancy-related expenses incurred 30 days prior and 60 days post-hospitalisation are covered under the plan.

  • Cashless facility

    Get cashless facility at any of the insurer’s network hospitals.

  • Quick claim settlement

    Get a quick claim settlement with a single point of contact for treatments taken at non-network hospitals.

  • Claim-free bonus

    Get a 10% cumulative bonus benefit for each claim-free year.

  • Tax savings

    Avail tax exemption up to Rs. 60,000 under section 80D of the Income Tax Act, 1961.

Frequently Asked Questions (FAQs) for Maternity Insurance

If you are pregnant, can you get health insurance?

Yes, you can get health insurance when you're pregnant. However, it is always best to get yourself covered well in time to tide over waiting periods, if any. 

Is pregnancy considered a pre-existing condition for health insurance?

Yes, pregnancy is considered a pre-existing condition for health insurance with maternity cover but not for regular health insurance. As a result, it is important to purchase health insurance with maternity coverage as soon as you believe it is necessary; for example, maternity health insurance can be purchased shortly after your marriage.

What all coverages are there in maternity insurance?

Different insurance companies provide different benefits when it comes to health insurance for pregnancy.

Plans usually include complete maternity health insurance coverage, such as maternity-related hospitalisation bills up to 30 days before birth and 60 days after delivery, delivery expenses, including pre-and post-natal fees, hospitalisation charges, and newborn baby coverage. The coverage is available for normal as well as C-section deliveries.

How is maternity insurance premium calculated?

The premiums for maternity health insurance policies are usually relatively high. It is expensive because, unlike other types of health insurance, this policy is guaranteed to payout in the case of a claim. On the other hand, ordinary health insurance policies cover unplanned medical situations.

As a result of the certainty of the event (pregnancy), insurers charge a higher premium for health insurance that includes maternity coverage. However, before purchasing any health insurance coverage, it’s advisable to compare the benefits and the premium you need to pay to avail of the coverage. 

Which health insurance is good to have for pregnancy?

For comprehensive coverage, it is important to have health insurance that includes maternity coverage. Health insurance plans offered by Bajaj Finance provide an add-on feature of maternity benefit that covers up to two deliveries. It also covers the newborn’s vaccination and medical expenses (if any). Additionally, pre-and post-hospitalisation coverage for up to 30 days before and 60 days after hospitalisation is also offered.