Are you not sure of how to get your maternity expenses covered in Health Insurance plan? Do you already have an Individual Health Insurance plan? Or do you have a Group Health Insurance plan? What about your newborn, is it covered in your plan? Learn more:
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Generally, individual Health Insurance plans do not cover maternity costs. But some Health Insurance plans offer maternity coverage as a sub-limit. For example, a Health Insurance plan with a sum insured of Rs 3-5 Lakhs, maternity benefits are only covered up to a sub-limit of
You can also avail a Maternity Health Insurance Plan. This covers all maternity related expenses, pre-natal and post-natal charges, delivery, pre and post-hospitalization expenses, newborn baby cover, etc. which again come at higher premiums.
Corporate Group Health Insurance policies also offer maternity benefit. The advantage of this option is that there is no waiting period.
Therefore, you can:
and not avail an individual Health Insurance plan exclusively for pregnancy purposes.
Even though a basic health plan like family floater covers hospitalization bills it will not be enough if you are diagnosed with a critical illness. Moreover, critical illness may also affect your ability to earn and you will have to spend out of pocket. In such cases, critical illness plan comes to your rescue. The plan pays you a lump sum amount on being diagnosed with the specified critical illnesses. In this way, these work as income supplements.
Points to keep in mind before availing a critical illness plan:
Therefore, it is advisable to avail a critical illness plan in addition to the family floater if you feel you have a family history of certain illness or if you may be exposed to health hazards and don’t have enough money at your disposal.
Mostly, no individual Health Insurance plans cover newborns as the risk associated with them are usually high. Still, there are certain options:
Read the fine print of a policy document as they have certain conditions:
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