A couple’s excitement knows no bounds upon finding out they’re expecting a child. Hearing the baby’s fast heartbeat at each doctor’s appointment amps up the pleasure of waiting for that momentous day when the baby is finally born. But it’s just as exciting as a ride on a roller coaster. Because of this, she requires top-notch medical care. However, the rising cost of healthcare and the subsequent increase in the price of giving birth can dampen your excitement. Thus, having maternity insurance is crucial.
Newborn Baby Health Insurance
It’s a form of health insurance that helps pay for the costs of having a baby. Costs associated with both planned and unplanned caesarean sections are covered. Here are some important considerations as you shop for maternity insurance:
First and foremost, you should investigate the plan’s complete coverage. An insured woman needs to be able to afford the prenatal and postnatal care she needs, as well as the doctor visits, daycare, and other medical services she needs. Thus she should be covered for all of these costs.
With cashless hospitalisation, couples don’t have to worry about saving money for the trip. The delivery costs can be covered without entering into a cash agreement. Almost all of the expenses associated with the pregnancy were covered in full by the insurer. To prepare for your new child without financial strain, choose the policy that allows you to get cashless treatment. * ##
Pregnant women frequently experience difficulties, which can be treated at work. Some of them may qualify for daycare treatment. Look for a plan that includes daycare treatments so expectant mothers can get timely care without spending the night in the hospital.
New technological procedures take the anxiety out of the delivery room. Technology has come a long way, baby! Maternity insurance will allow you to give birth at a top-tier hospital with state-of-the-art medical equipment, reducing the likelihood of difficulties. Go with the plan that gives you peace of mind throughout labour by covering modern medical technology.
Choose the Newborn Baby Health Insurance policy that includes coverage for a newborn baby. Don’t stress about the cost of your newborn’s checkups, shots, or anything else. Your newborn is covered for the first ninety days.
Pre and After-Hospitalisation charges, apart from the cost of giving birth
Various pre and post-hospitalisation expenses weigh heavily on the couple’s budget. Medical bills incurred 30 days before and 60 days following a hospital stay are covered by maternity health insurance. Choose a plan that includes pre- and post-hospitalisation care so you can focus on your other financial commitments. *
There is often a 9- to 24-month waiting time before maternity benefits begin to be paid out by health insurance. This is the time frame during which pregnant women will not be eligible to file a claim. Get a plan with the shortest waiting period possible.
Sub-limits or co-payments: Pregnancy insurance may have these features. Consider the percentage and choose the coverage with the lowest co-pay or sub-limits. *
The best approach to reduce your premium cost is to qualify for concessions. You can lessen the financial impact of having a baby by searching online for deals on maternity health insurance. Check the policy’s duration before committing to it. If you have just started thinking about family planning, you should prioritise a plan with long-term permanence. That way, you won’t have to stress out about your insurance policies’ upcoming renewal dates.
Therefore, if you intend to start a family, investing in maternity medical coverage will greatly ease the financial burden of bringing your new child into the world.
* Standard T&C Apply
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
‘Insurance is the subject matter of solicitation.’ For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘
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