Best Maternity Insurance Policy in India 2022 – Need and Benefits of Maternity Health Insurance Cover

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Need of Maternity Insurance Policy in India?

Parenthood is one of the most important phases in the life of every couple, and it is important that you prepare well for this phase by investing in the best maternity plans. A maternity insurance plan will not just cover your monetary needs during pregnancy, but will also allow to enjoy the phase without any worries of delivery expenses, hospitalization costs, tests and all.

Let us analyze the various maternity plans in this blog along with understanding the importance of having such a plan.

What is a Maternity Health Insurance?

A maternity insurance is a policy that offer coverage for every expense related to pregnancy as per the set policy limit during the tenure of the plan. Depending on the insurance provider, some companies cover expenses for both pre and post natal treatment, as well as the expenses of the newly born child in pregnancy insurances.

Corporate insurance plans also offer maternity benefits to the female employees together with normal health insurance plans. In certain cases, the maternity benefit is added as a rider with a sub-limit.

The maternity plans offer coverage for hospital room rent, nursing expenses, consultation fee, surgeon charges, and charges incurred on anesthetist, among others.

However, it is very crucial to have a careful understanding of the plan before purchasing so that you can make decisions accordingly and to use the plan in the best possible way.

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Different Maternity Insurance Plans from Top Health Insurers of India

Now, let us take a look at the different kinds of maternity insurance plans or different health plans offering maternity coverage.

1. Aditya Birla Activ Health Platinum – Enhanced Plan with Maternity Cover

As per the maternity benefits of this health plan, you get coverage for the medical expenses incurred for the new born baby, including expenses on any treatment after birth, immunizations, or any pregnancy complications leading to abortion of the fetus etc. Insured sum for this plan starts from 2 lakh rupees and goes up to 2 crore rupees with a dedicated sum allocated for pregnancy related as well as related to newly born child expenses.

2. Bajaj Allianz Health Guard Family Floater Health Insurance Plan with Maternity Cover

This is an insurance plan for family offering coverage for maternity along with newly born child benefits as part of the Gold Health-Guard Plan. For this plan you can get sum assured between the range of 3 lakhs to 50 lakhs. The age of entry into this plan is within 18 to 65 years in case of elders, while it is counted from three months till the age of 30 years for children.

3. Bharti AXA Smart Super Health Insurance Plan with Maternity Cover

This policy is available in 3 variants namely:

  • Value plan
  • Classic plan
  • Uber plan

Value plan offers Rs. 35,000 maternity cover and Rs.25,000 new born baby cover, which is available till the baby is 90 days old. This policy comes with a waiting time of 9 months and the benefits can be availed by opting for a plan that extending for 3 years.

Classic Plan offers Rupees 50,000 protection on maternity and new born baby expenses.

Uber plan offers higher maternity and new born coverage of up to Rs. 75,000 in case of plans with sum assured ranging between Rs. 20 to Rs. 30 lakhs. If your plan ranges above that amount, the maternity benefit can be further high.

4. Care Health Joy Health Insurance Plan with Maternity Cover

This is another health insurance that covers pregnancy, and works best for couples willing to embrace parenthood soon. The waiting period for the policy is 9 months and the maternity benefits are available with the plan named ‘Joy Today’. For another plan named ‘Joy Tomorrow’, the waiting period is 2 years.

5. Chola MS Family Healthline Insurance Plan with Maternity Cover

This is a floater plan offering maternity health insurance benefits. However, the waiting time here is 5 years. The coverage limit in the ‘Superior Variant’ of this plan is fixed at 15,000 rupees for normal delivery and 25,000 rupees for operation. In the ‘Advance Variant’, 25,000 rupees coverage is offered for normal delivery and for caesarean this amount is fixed at Rupees 40,000. You also get No-Bonus advantage with this plan of maximum 50 percent of the assured sum.

6. Digit Health Insurance with Maternity Cover

This plan offers add on benefit of maternity coverage. The expenses provided under maternity add-on include delivery charges, new born child cover, infertility cover, cover of missed abortion etc. Also, you get a 200% sum insured with this plan for the second child.

7. Edelweiss Health Insurance Gold and Platinum Plan with Maternity Cover

Maternity cover in this plan is available under two options:

  • Gold plan
  • Platinum Plan

The plan has a waiting time that is 4 years. Thus, this plan suits couples who are not planning to have a child so soon.  Here, you get coverage for up to 50,000 rupees and 2 lakh rupees for gold and platinum plan respectively.

8. Future Generali Health Total Mediclaim Insurance with Maternity Cover

This comprehensive medical plan covers for maternity, which can be availed after 2 years waiting time. The condition is that both the expecting mother and father has to be insured under this plan. The plan offer two options: 1) Superior 2) Premier under this plan. This plan offers coverage for as many as 15 members of a family. Sum assured varies between Rupees 15 lakh to 25 lakhs for the superior option, and from rupees Rs. 50 lakhs to rupees 1 crore for premier plan.

9. Kotak Mahindra Premier Plan with Maternity Cover

This is another comprehensive plan that covers for delivery and missed abortion expenses for first two children of the insured that are born during the term of the policy period. It cover pre-natal as well as post-natal costs, new born child’s expenses and vaccination charges of the child till 2 years of age.

10. Niva Bupa (Earlier called as Max Bupa) – Heartbeat Family Floater with Maternity Cover

This floater plan, available in three type, offer coverage for pregnancy and new born baby expenses including vaccination. The three variants are namely:

  • Silver
  • Gold and
  • Platinum

All 3 types of pregnancy health insurance variants offer maternity benefits for first two children of the insured couple, if they are insured for two consecutive years.

Also Read: Maternity Insurance Features Which You Get with Health Insurance

In addition to the above policies, there are other health insurance plans available with maternity cover benefits. Here are some names for your information:

  • ManipalCigna Health Insurance – ProHealth Plus Plan
  • National Insurance Parivar Mediclaim Policy
  • New India Assurance Mediclaim Policy
  • Oriental Happy Family Floater Insurance
  • Royal Sundaram Master Product – Total Health Plus
  • Star Health Wedding Gift Pregnancy Cover
  • SBI Arogya Premier Plan
  • Tata AIG Medicare Premier Plan
  • Universal Sompo Complete Healthcare Insurance
  • Future Generali Comprehensive Health Insurance Plan
  • Royal Sundaram Lifeline Elite Plan
  • Star Comprehensive Health Insurance etc.

To Conclude

Most insurance companies do not entertain your insurance application if you are already pregnant. Moreover, maternity insurance plans come with different waiting periods. So, it is important to consider all such possible aspects before purchasing a maternity plan. Further, it is also important to compare plans to check the ones that suit your needs accordingly.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

Feb 20, 2022
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