Top 3 Best Health Insurance Plans with Maternity Coverage

Top 3 Best Health Insurance Plans with Maternity Coverage

Planning a new baby can be an expensive affair as well. Not only do you have to take into consideration the expenses for the new baby, but you have to plan well in advance for the deliver charges of the baby. A package for the delivery of your baby can cost you anything between Rs 50,000- Rs 1 lakh. In order to be prepared to take on such expenses, you can opt for a health insurance for pregnant women and thus lessen your burden. To help you choose a suitable coverage to cover child birth and pregnancy-related expenses, we discuss three best maternity insurance plans presently available in the market along with their features to help you make a comparison.

Star Wedding Gift Health Insurance Plan
This plan is one of the most comprehensive coverages available in the market to provide health insurance for pregnant women and cater to child-birth related expenses and provide maternity benefits.

Major Attractions
Covers expenses for both Normal and Caesarean delivery
Provides coverage for the new born baby
Provides cover for non-allopathic treatment, up to a certain limit
Covers regular hospitalization
This policy is available for a one year and a two-year term
Key Features
This policy can be taken by any couple in the age group of 18-40 years
The pregnancy insurance policy will cover one insured member along with the spouse and dependent children
The policy is renewable up to 45 years
Offers a minimum sum assured of Rs 3 lakhs and a maximum sum assured of Rs 5 lakhs
It will cover up to a maximum of two deliveries
Eligibility to avail tax benefits under Section 80D of the Income Tax Act
It offers a free look-up period of 15 days during which you can review the policy and return it if it doesn’t suit you
No medical screening required for pre-acceptance
Benefits
Covers Delivery Expenses

This cover includes expenses covering delivery of the baby, whether it is Caesarean or a Normal delivery
Will cover pre and post-natal expenses
Will cover any complications post-delivery, if it arises
Cover for Hospitalisation

Will cater to nursing, boarding and room charges, upto a maximum of Rs 4,000 each day
Will bear hospitalisation expenses, provided patient has been admitted for a minimum time of 24 hours
Will cover surgeon, doctor, specialist charges
Will cover expenses for drugs and medicines related to childbirth
Emergency ambulance charges also included
Care for the New Born Baby

This will include care for the new born baby in case of any congenital disorders.
Offers Free Benefits

It will offer a maximum of Rs 1000 towards tests related to the detection of defects in the Foetus.
Covers Pre-existing Diseases

Pre-existing diseases will be covered after the completion of four years with the company
Covers Pre and Post-Hospitalisation Charges

Pre hospitalisation expenses will be taken care of up to 30 days before the date of admission
A maximum of Rs 5000 is payable towards post hospitalisation charges
This cannot be claimed as child delivery charges
A Few Exclusions
Any disease contracted within 30 days of the initiation of the policy
Any disease or injury caused directly or indirectly by war, acts of terrorism, act of foreign enemy etc.
Expenses related to contact lens, spectacles, crutches, wheel chairs, hearing aids
Cosmetic treatments of any kind
Any diagnostic expenses
The Plan Offers Portability
This health insurance with maternity coverage is portable and you can port it to another insurer. However, for this an application has to be made at least 45 days prior to the renewal date.

You may also like to read: Maternity Insurance: All You Need To Know

Royal Sundaram Health Insurance Plan
Royal Sundaram’s Total Health Plus plan is a good policy that covers health insurance for pregnant women. The maternity benefit provided by the plan ranges from Rs 30,000 to Rs 50,000. Royal Sundaram is the first private sector insurance company in India and hence it can be a trustworthy option for you. You can consider this plan if you are planning a child going forward and need pregnancy insurance.

Major Attractions
Good health insurance with maternity coverage
Provides pre and post hospitalisation cover
There is no co-pay clause
Comes with lifelong renewability
Key Features
Minimum age is 18 years and there is no maximum age as it comes with lifetime renewability
Comes in two variants, individual and floater
The policy tenure comes with three options, one, two and three years, which you choose as per your convenience. You can avail a discount of 7.5% on the two year term and a discount of 12% on the three year tenure.
Comes with a grace period of 30 days for renewal.
Offers a free look up period of 15 days within which you can return the policy
Maximum family members that can be included is two adults and up to four children
Benefits
Covers pre and post-hospitalisation charges
All day procedures are covered
Includes inpatient hospitalisation charges including room charges, doctor, surgeon, nurse fees, cost of equipment etc.
Will reimburse medical expenses when you cannot be moved to the hospital due to health conditions or the unavailability of a bed for a period of over three days
For pregnancy insurance, it covers maternity expenses for up to a maximum of two deliveries, provided both husband and wife are covered under the same family floater plan
The plan covers expenses for the new born baby as wel as vaccination expenses for the new born child
There is a waiting period of 36 months in order to avail maternity benefits
A Few Exclusions
Disorders or conditions related to addiction of various kinds
Dental and oral conditions and their treatment
Hereditary conditions not included
Any disease or injury caused directly or indirectly by war, acts of terrorism, act of foreign enemy etc.
Diagnostic tests, X-rays and laboratory examinations
Cosmetic surgeries
Cigna TTK Insurance ProHealth Plus Plan
Cigna TTK ProHealth Plus Plan is one of the best health insurance plans available in the Indian market presently that will provide pregnancy insurance along with value for money. Let us take a look at this plan to understand it better.

Major Attractions
Gives out an additional cumulative bonus as a perk
Offers various discounts on the premium upto a maximum of 30%
Has features like Protectiv Healing and ProActiv Living
Provides maternity benefit by covering pre and post hospitalisation cover
Mandatory co-pay has been waived off
Comes with the flexibility to port the insurance policy
Key Features
The minimum entry age is 18 years for adults, while there is no maximum age for entry
There is no renewal age limit
There are three options for sum assured to choose from: Rs 4.5 lakhs, Rs 7 lakhs and Rs 10 lakhs
The age and the sum assured determines if a medical examination will be required
You can choose between a policy term of 1, 2 or 3 years
Benefits
Covers pre and post-hospitalisation charges
All day procedures are covered
Under maternity benefits the policy provides coverage for upto Rs 15,000 for a normal delivery and coverage of Rs 25,00 for a Caesarean delivery. There is a waiting period of 48 months in order to avail maternity benefits
Covers expenses for complications in new born babies along with hospitalisation expenses
Covers expenses for the new born baby’s vaccinations for up to a year
Includes inpatient hospitalisation charges including room charges, doctor, surgeon, nurse fees, cost of equipment etc.
A Few Exclusions
Complications related to HIV/AIDS
Suicide or self-afflicted injuries
Mental disorders
Drug problems
Losses related to child birth or pregnancy
Over to You!
Once you have taken a look at the best health insurance plans available in the market for pregnancy insurance, you can go ahead and choose one that is suited to cater to your family needs, or the one that is ideal when you are planning to start a family. Taking up a health insurance with maternity coverage will not only bring you peace of mind but will help you enjoy this experience without any worries!

Source:www.policybazaar