Maternity Health Insurance Coverage

Welcoming a new member into a family and caring for the baby can be an overwhelming experience for parents. Each pregnancy is different and can pose a challenge for family members. Looking after the baby after delivery is a full-time job however, this is one aspect of pregnancy and childbirth. Another is the financial aspect. In today’s time, where the costs of healthcare are increasing with each passing day, one may feel a dire need for a financial backup. This is where maternity health insurance coverage can provide solid support. 

The following article gives a deep insight into how one should create a financial safety net with Maternity Health Insurance. Additionally, its features, add-ons, and benefits are also discussed. Take a look

Maternity health insurance, is an insurance coverage that provides a financial back up related to childbirth. It covers the cost of hospitalization related to normal or cesarean delivery. The insurance coverage is not limited to childbirth but extends to the newborn baby up to certain days after being born.

One should buy health insurance coverage as early as possible. The earlier you buy health insurance the cheaper it will be. Remember that you are the oldest today yet younger than tomorrow. Now is the best time to get a health insurance policy. Maternity plan is an add-on that you can buy either upon getting married i.e. in the middle of a policy period or upon renewal of the health insurance plan. 

Maternity cover comes with a waiting period. The waiting period can vary from insurer to insurer. Some insurance companies have a waiting period of 9 months after buying the maternity add-on while some have a waiting period of a few years. You need to get in touch with your insurer to get clarity about the waiting period. Maternity insurance policy or maternity benefits are also available with Group Health insurance plans. For example, Employee health insurance schemes. These plans usually do not come with the waiting period clause. A permanent employee of a company can raise a claim for maternity benefits without waiting for a specific time period.

The eligibility criteria are not extensive when it comes to buying a maternity insurance plan. Insurance companies may only require the insured to be of a certain age to avail the benefit. The entry age is 18 years and some insurers have set the exit age at 45 years. 

Some insurance companies have a cap on the number of maternity claims at 2 living children. This means that a person can get maternity benefit for 2 deliveries only. There could be exceptions in case of loss.

One may need the following documents to raise a claim against maternity benefits:

One of the major downsides of buying traditional insurance is that the process requires a lot of your time and manual research. You need to get in touch with insurance agents or insurers to understand the existing insurance plans. This alone could take days. Next, you would go through insurance brochures, read the details and manually compare policies from various insurance companies. Then comes the process of applying for a policy. After the purchase is over, you would have to wait for the physical copy of the insurance policy to arrive by post. 

On the other hand, buying a maternity insurance policy online provides the following benefits:

Coverages are situations when the claim for maternity benefit will be payable. The coverages are not only limited to the delivery and childbirth, and related expenses for the mother but also for the newborn baby. Here are the general inclusions of a Maternity health insurance plan:

The cost of maternity benefit or pregnancy cover depends upon the coverage offered by the insurance companies. Since the coverage may vary, the cost of this add-on is also different at different insurers. The premium depends upon the following factors:

Acko is an InsurTech company that is gaining popularity rapidly in today’s time. Being digital-first allows the company to provide online support and policies at the best price in the market.

The no-commission model together with an excellent team of dedicated people ensures that your health insurance experience is flawless in every manner possible. Acko has proven its mettle not only via providing quick and quality services to its customers but it is also one of the top-rated insurance companies in the online space. 

Since there are no insurance agents involved, the company can get in touch with the policyholder directly and solve their issues on a one on one basis. These are the reasons that make Acko the ultimate choice for millions in the country.

Buying health insurance from Acko is a matter of a few minutes. All you need is an internet-enabled device, an internet connection, and personal details related to you and/or your family members. Here is how you can buy a health insurance policy from Acko:

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