Are you cov­ered?

Learn all about ma­ter­nity cov­er­age and health in­sur­ance for preg­nancy, labour, de­liv­ery, and new­born baby care

Mother & Baby - - CON­TENTS - Rahul Agar­wal is the CEO of Ideal In­sur­ance. He has launched the only health in­sur­ance con­sult­ing web­site, 121 pol­icy. He is also ac­tively as­so­ci­ated with many so­cial or­gan­i­sa­tions like CII Young In­di­ans and Round Ta­ble In­dia.

ARE YOU COV­ERED?

Your guide to ma­ter­nity inusurance plans

The happy news of the preg­nancy and im­mi­nent par­ent­hood brings along with it the up­com­ing fi­nan­cial plan­ning and ex­pen­di­ture dur­ing the en­tire pe­riod of preg­nancy and be­yond. These in­clude ma­ter­nity health­care, hos­pi­tal­i­sa­tion, child de­liv­ery, pre and post-na­tal care and in some un­for­tu­nate sit­u­a­tions med­i­cal ter­mi­na­tion of preg­nancy if re­quired. The high cost of ma­ter­nity care and hos­pi­tal­sa­tion trig­gered the need for cou­ples look­ing out for ma­ter­nity plans.

WHAT IS MA­TER­NITY HEALTH BEN­E­FIT PLAN?

A ma­ter­nity plan is usu­ally an add-on or ad­di­tional rider to the ex­ist­ing health in­sur­ance pol­icy. Based on the in­surer, the fea­tures vary to some ex­tent. A ma­jor­ity of cor­po­rates in­clude the ma­ter­nity ben­e­fit of their em­ploy­ees and/ or their spouses as a part of their health in­sur­ance group cov­er­age with a spec­i­fied sub-limit. A proper un­der­stand­ing of the ma­ter­nity plan is im­per­a­tive for un­der­stand­ing the in­clu­sions and ex­clu­sions of the plan so that you can use the cov­er­age ef­fi­ciently. As we all know, hos­pi­tal­i­sa­tion costs have sky­rock­eted in the last few years and health­care is some­thing we do not want to com­pro­mise on. A hos­pi­tal­i­sa­tion ex­pense which is un­avoid­able

for every­one is the ma­ter­nity ex­pense. Nor­mally, in a city, ma­ter­nity ex­penses may range from ` 40,000 to ` 50,000, de­pend­ing on the type of hos­pi­tal and doc­tor cho­sen. In some cases, be­cause of lack of avail­abil­ity of lower cat­e­gory rooms, pa­tients have to opt for ex­pen­sive op­tions, even if they can­not af­ford. As such, ma­ter­nity In­sur­ance is a boon for young cou­ples. More­over, women to­day cover more than 25 per cent of the work­force in In­dia and are be­com­ing very am­bi­tious and ca­reer ori­ented. Due to this chang­ing at­ti­tude, women are choos­ing to be­come moth­ers late. Ac­cord­ing to health in­sur­ance com­pa­nies, over the last one year, the av­er­age ma­ter­nity age has in­creased from 26-27 years to 32-33 years. In­creased age has also given rise to com­pli­ca­tions dur­ing preg­nan­cies and higher cost. To ad­dress ma­ter­nity-re­lated health con­cerns, a grow­ing num­ber of women are opt­ing for health in­sur­ance plans that also cover ma­ter­nity ex­penses.

MA­TER­NITY COVER DE­TAILS

Hos­pi­tal­i­sa­tion charges Op­er­a­tion charges be it nor­mal or ce­sarean Pre­na­tal OPD ex­penses Ex­penses for com­pli­ca­tions due to pre­ma­ture birth Other emer­gency ex­pense Ac­tual am­bu­lance charges in­clud­ing air am­bu­lance A ma­ter­nity in­sur­ance en­sures that rou­tine health­care and com­pli­ca­tions that may arise dur­ing preg­nancy are taken care of, al­low­ing a mother to bring a healthy baby into the world. With ma­ter­nity in­sur­ance, women can go for the best treat­ment which will in turn aid in speedy re­cov­ery too. Most of the well-known in­sur­ers pro­vide ma­ter­nity plans that are cus­tomised to ad­dress the needs of work­ing women. The av­er­age age of ma­ter­nity has in­creased to 32-33 years. Thus the risk fac­tor has in­creased with in­creas­ing age.

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