Maternity insurance is often available after a 3-4 year waiting period. For this reason, it is important to purchase insurance as early as is possible. Do not wait until you are pregnant or have decided to start a family to buy insurance, as you will most probably lose out on all the benefits of maternity insurance.
Healthcare costs are soaring and growing at 15% per annum, well above the inflation rate of 8%. You can save money by adopting a healthy lifestyle and remaining fit, certain health conditions and injuries are unforeseeable and cannot be prevented. In such situations you need to be able to depend on insurance. In addition, starting a family requires considerable investment and so does maternity care and hospitalization.
Unfortunately, women are often forced to compromise on the quality of health care they and their infants receive because of financial constraints. No one should have to settle for anything less than the best, especially when it comes to maternity health care. With many health insurance plans now providing cover for these expenses, you don’t have to worry about the costs any longer.
Here are 3 reasons why you should include maternity cover in your health policy:
1. Nursery and Hospital Charges
Being admitted to a specialty maternity nursing home is expensive, but such facilities are equipped with state-of-the-art medical technology and skilled professionals who offer the best possible maternity care. With maternity cover in your health insurance policy, you don’t have to worry about costs when choosing a nursing home or hospital for delivery. This makes a huge difference, especially in case of any unforeseen complications, when you would want the best possible doctors attending to you and your newborn.
2. Doctors’ Fees
Medical professionals like doctors and physicians charge large fees for consultation and surgery. This results in people incurring huge expenses towards doctors’ fees, more so when admitted to a hospital for childbirth. Maternity insurance provides cover for fees paid to the gynecologist, anesthetist, pediatrician, and resident medical officers.
3. Vaccination of The Baby
Maternity cover in your policy also extends cover to vaccination costs incurred for the child during his or her first year. This can be of great help, as vaccinations can be very expensive.
Royal Sundaram’s Lifeline Health insurance plan has provisions for maternity cover. The Supreme plan provides maternity expenses for 2 children, newborn cover, and vaccination costs during the first year.