How To Buy The Best Maternity Insurance Plans In India

When a woman is expecting her child, she is at the happiest and most sensitive stage of her life. As she is getting ready to bring the joy of her life into this world, she should be free from all the worries. This is why purchasing a health insurance plan is very important. Managing the hospital and nursing care at the last minute can be stressful for the pregnant woman; therefore, having a maternity insurance plan can be no less than a savior.

Nevertheless, when you are going to buy maternity insurance plans in India, you must consider some of the factors. The points include:

Premium And Coverage:

The premiums for the maternity insurance plans are usually higher since these plans come with a claim settlement ratio of almost 100%. This happens because whoever buys this plan is going to claim it at some point. The premiums that have to be paid vary on the basis of whether the policyholders have a base health policy or not. The factors that are taken into consideration while calculating the amount and number of premiums include the age of the mother, any genetic disorders, the background of critical illness, nutrition levels, the risk profile of her occupation, etc. The coverage in one such health insurance plan includes the pre-and post-hospitalization, consultation fees, ambulance charges, room rent as well as stretches till vaccination, and the total inoculation schedule of the newborn for a few initial years. If the woman has a cesarean section delivery, it will also be reimbursable since it is covered under the maternity insurance plan.

Waiting Period

The trickiest part of a maternity insurance plan is the waiting period. As you buy a maternity plan, you would be required to serve a waiting period of at least 9 months. You cannot just file a claim right after purchasing a maternity policy. Also, the waiting period for the maternity plans may vary from one individual to the other, based on the health condition of the policyholder. If the policyholder mentions having some pre-existing health issues, the premium payable for the policy mat increase.

Coverage For Newborn

As babies are born, they need constant care for which they have prescribed a comprehensive vaccination schedule. Buying a maternity insurance plan will cover the cost of vaccinations and charges for all the other important care that is needed. After the babies are born, they will receive at least 90 days of coverage. However, to find the actual coverage, you must take a look at the maternity plan that you intend to buy.

Exclusions On The Policies

When you buy a maternity insurance plan, certain costs are not covered. Some of the things are costs of several tonics and vitamins that are prescribed by the medical practitioner, daily check-ups by the doctor, consultation fees of the doctor during all the 9 months, treatment of infertility, etc. Apart from this, if you are a policyholder and you conceive while serving the waiting period, you will not be able to claim the coverage. The insurance company can pay for the coverage only if the waiting period has been served properly by the policyholder.

These are just some of the factors that you must consider while buying a maternity insurance plan in the country. There are several maternity insurance plans to choose from. However, if you feel confused, you can visit the website of IIFL and take a look at the several options that you will get there. You can compare each of them and choose the one that you think is right for you. While you are doing so, do not forget to get a clear idea of the terms and conditions of your preferred plan.