Many insurance providers usually exclude the option to cover maternity in their policy. Some insurance policies have maternity cover as additional riders where an extra premium is charged for maternity cover. Maternity insurance covers expenditure related to normal delivery and caesarean.
For working individuals, it is better to check with the company whether it offers maternity in the group policy or not. Usually, for working professionals it will be an add-on benefit from the company. However, it all depends on the company you work for.
It is ideal to buy maternity cover before planning for it as many insurance companies may reject stating it as pre-existing.
What does the policy cover?
Here are some common things which most of the insurance companies cover. However, it may vary depending on the age and premium.
- Expenses 30 days prior to hospitalization and 60 days post hospitalization
- Pre and post natal expenses
- Delivery expenses
- Coverage for the new born baby up to the expiry of the current policy
The policy excludes things like a visit to the doctor for regular check- up. The follow-ups, diagnostic tests and doctor's consultation during nine months of pregnancy are not covered.
Here are insurance companies which are offering maternity cover:
It covers delivery expenses both Normal and Caesarean. The policy is available for 1 and 2-year terms. Post delivery complication covers mother after delivery. Also, automatic coverage for the new born up to the expiry of the current policy.
It is an additional cover, offers coverage for medical expenses incurred at the time of pregnancy and delivery. It also covers expenses such as day care coverage, expenses met before and after hospitalization, etc.
Chola MS Family Healthline Insurance
It is a comprehensive Health insurance suitable for Families covering both Allopathy and Ayurvedic treatments. The Policy covers Maternity Expenses. Cashless hospitalization can be availed at over 2,600 hospitals. There is a direct claims settlement through Chola MS Help means there is no involvement of third party administrator.
Max Bupa Heartbeat
You can protect the your new-born baby from birth without any additional premium. You can get insurance for two deliveries. However, for this you and your wife have to be covered for two continuous years.
The health advantage plus from ICICI Lombard covers the charges related to maternity OPD. Note that the OPD claims can be made only on a reimbursement basis.
One can lodge a claim only once during the Period of Insurance, i.e. 90 days after commencement of policy and up to 30 days after the expiry of the Period of Insurance.