Motherhood is one of the most beautiful experiences a woman goes through in her life. However, it comes with a slew of health conditions that might put a strain on your finances, leading to hospitalisation expenditures around the time of birth. In this circumstance, pregnancy insurance can protect you.
What is Pregnancy Insurance?
Pregnancy insurance is a category of insurance that provides financial security during your maternity period. It covers the costs of hospitalisation following a normal or surgical birth and safeguards you financially in the case of a miscarriage.
The insurance provides the coverage for the new-born infant for a specified number of days after delivery, rather than just on the day of birth. This policy is affordable when bought as an add-on to your present health insurance policy and offers enough financial coverage for hospitalisation and delivery costs. Although the benefits may differ, a general pregnancy insurance can provide the following benefits.
Coverage before and after the birth
Pregnant women frequently require medical treatment on a regular basis. Even before she goes into labour, she will need a series of health check-ups and medicines. Additionally, these medical exams and treatments are usually continued after she has given delivery. Pregnancy insurance covers all healthcare expenses for both the mother and infant from thirty days before the due date to 30 to 60 days after the delivery.
The cost of having a healthy baby delivered with the help of qualified specialists can be quite expensive. This amount will be covered by pregnancy insurance, subject to particular sub-limits that may differ based on whether the childbirth is natural or via c-section.
A surgical delivery is performed when the natural method of childbirth is not advisable for the mother or the newborn. In this scenario, medical intervention is required, and the baby is delivered by major abdominal surgery. Although the cost of a c- section is significantly more than the cost of a regular birth, pregnancy insurance coverage may be able to pay these costs.
Infant’s vaccination coverage
Based on the health plan, your pregnancy insurance coverage might even include the baby's mandatory vaccinations. Vaccinations for polio, diphtheria, tetanus, whooping cough, hepatitis and measles are frequently covered during the first year following birth under the maternity insurance blanket. Pregnancy insurance compensates for a variety of expenditures related to childbirth, pre- and post-natal services, and health costs for the new-born throughout the first year of a child's life.
Maternity costs in some states of India may vary between Rs. 50,000 and Rs. 1 lakh. These fees are typically determined by the healthcare facilities provided, the hospital's brand name, the medical staff's expertise, and other factors. Hence, purchasing pregnancy insurance ahead of time is considered a good option as it ensures that the mother will have access to better health care.