Expecting a child is a significant and thrilling experience for parents. It can evoke feelings of happiness, anticipation, and nervousness simultaneously. While preparing for the arrival of their little one, parents may feel overwhelmed with emotions and may have concerns about upcoming changes. To prepare for this, having a maternity insurance policy is crucial to cover pregnancy-related expenses. With various options available, selecting the right plan can be daunting. It is essential to compare and comprehend different plans’ features, benefits, and costs to make an informed decision.
This article explores an overview of India’s top maternity insurance plans, their key features, benefits, and costs to help you make an informed decision.
Table of Contents
What is a Maternity Health Plan?
Maternity health insurance is a specialised type of health insurance that covers pregnancy-related expenses, including normal and C-section delivery costs. Many maternity coverage plans also include pre and post-natal expenses and expenses related to newborn babies.
In India, maternity health insurance plans have a waiting period ranging from 9 months to 6 years. During this period, policyholders cannot claim any expenses related to pregnancy. Therefore, choosing insurance maternity coverage a few years before starting a family is recommended. Additionally, the waiting period for maternity insurance varies among plans, so it’s important to check it before selecting a plan.
Top 5 Maternity Insurance Plans
Here are the top companies that give the best health insurance pregnancy coverage.
1. Niva Bupa – Heartbeat Insurance Plan
The Niva Bupa Heartbeat Insurance plan is a maternity insurance policy that offers maternity benefits for up to two pregnancies, but it’s only accessible under the family floater and family first plans.
Features
- The cover range for each delivery is between Rs ₹35,000 to ₹ 2 lakh.
- Newborn baby cover
- Lawful termination of pregnancy
- Pregnancy complications
Benefits
- Delivery expenses
- Vaccination expenses for the newborn baby
- Ambulance charges
- Delivery expenses
Cost
Premium starts at ₹10,980 annually.
2. Aditya Birla – Activ Health Platinum Enhanced Plan
The Aditya Birla Activ Health Platinum Enhanced plan is a health insurance policy that gives optional insurance maternity coverage as an add-on. This plan covers up to two maternity events, such as delivery or lawful medical termination of pregnancy.
Features
- Lawful medical termination of the pregnancy
- Stem cell preservation
- Newborn baby’s medical expenses
- Hospitalisation expenses
Benefits
- Vaccination charges
- Pre or post-natal maternity expenses
- Ambulance charges
- Renewal Bonus
Cost
Premium starting at ₹7,937 annually
3. Bajaj Allianz – Health Guard Policy
The Bajaj Allianz Health Guard plan includes maternity cover as part of its Gold variant. This policy provides coverage for a maximum of two deliveries or pregnancy terminations.
Features
- Daycare Procedure
- Newborn baby cover
- Pregnancy complications
- Mandatory vaccinations for the newborn baby
Benefits
- Preventive health checkup
- Pre-natal and post-natal hospitalisation expenses
- Ambulance charges
- Bariatric Surgery Cover
Cost
Premium starting at ₹6,568 annually
4. Bharti AXA- Smart Super Health Insurance Plan
The Bharti AXA health insurance plan offers maternity expenses as an add-on benefit, but it’s only available under the family floater plan. Additionally, the maternity benefit is only accessible if the policyholder selects a 3-year policy tenure.
Features
- The coverage amount for delivery can vary from ₹ 25,000 to ₹ 1 lakh, depending on the plan and delivery.
- Newborn baby cover
- Lawful termination of pregnancy
- No cap on room rent
Benefits
- Delivery expenses
- earn a no-claims bonus of up to 100% of the Sum Insured.
- Ambulance charges
- Daycare medical
5. Care Joy – Maternity Insurance Plan
The Care Joy Maternity Insurance is a personalised plan that covers pregnancy-related medical expenses. However, this plan is only available with a 3-year policy tenure.
Features
- In-patient care
- Newborn baby cover
- Pre & post-hospitalisation cover
- Daycare Procedure
Benefits
- Delivery expenses
- Pre-natal & post-natal expenses
- Ambulance charges
- Single private AC room available
Cost
Premium starts at ₹25,740 annually.
Conclusion
Maternity health insurance plans provide a much-needed financial safety net for expecting mothers. Health Insurance pregnancy coverage can help alleviate the financial burden of starting a family. With the rising cost of medical care, having a comprehensive maternity insurance policy can offer peace of mind. Moreover, with different insurance providers offering maternity coverage, it’s important to compare each plan’s features and benefits before deciding.
Moreover, if you’re looking for a maternity insurance plan, you can consider Niva Bupa Health Insurance. They offer a wide range of comprehensive health insurance at a suitable price. They also offer individual and health insurance plans for family with great coverage. You can check out their website to learn more.
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