Maternity Insurance: What is Maternity Insurance, how is it a panacea for women?

In the financial year 2023, more than 55 crore people across India had purchased only health insurance plans. Perhaps this is the reason why there are a total of 57 insurance companies in India. There are many types of health insurance, one of them is maternity insurance which is becoming a panacea for women in today's time. Let us know what are its benefits...

With changing times, insurance has become a common need of people. The number of people taking insurance is continuously increasing. The craze for insurance is continuously increasing in India. Whether people do anything else or not, they do not forget to take insurance. In the financial year 2023, more than 55 crore people across India had purchased only health insurance plans. Perhaps this is the reason why there are a total of 57 insurance companies in India. In such a situation, let us know what maternity insurance is. What are its benefits…

What is maternity insurance?

Maternity insurance is a type of health insurance policy. It provides coverage for all pregnancy related expenses. Most insurance companies cover pre- and post-delivery expenses and child's expenses under their maternity insurance policy. Apart from this, most corporates provide maternity benefits to female employees under their health insurance policy. Maternity insurance is an add-on cover that one can opt for in their own or family health insurance, it covers all the expenses related to maternity.

These are the benefits

Apart from taking out maternity insurance, most buyers can also opt for several add-ons to cover their maternity expenses at the hospital. In view of the huge hospital bills, many maternity insurance schemes also cover vaccination, infertility treatment and in some serious cases, adoption. Also covers utility bills. Many schemes also cover expenses related to surrogacy.

This is the top feature

In earlier health insurance schemes, there was a waiting period of 2-4 years to start maternity coverage, but in the new schemes it has reduced to nine months.

cashless hospitalization

In case of emergency, the facility of cashless hospitalization is available in any network hospital. You do not need to wait for this facility, and it is not necessary to complete the formalities of cash deposit. You just have to inform the hospital and your insurer. Later, upon submission of all the required documents, your insurance company directly pays the hospital bills.

Apart from this, in this insurance scheme, newborn baby cover is available from 1st day to 90 days of birth. It covers expenses related to the health care needs of the child up to the limit specified under the policy