Pregnancy is the most beautiful time in a woman’s life.
It’s also stressful. This is especially true for the first pregnancy. A child gives meaning and purpose to the parents as well as the family. A fair percentage of people begin to plan their pregnancy early on in their marriage.
Experts suggest that the age of the person has a direct implication to this factor. People who marry young have ample time to relish before venturing into parenthood.
However, this might not be the case for everyone.
Despite consistent planning, most pregnancies occur as a pleasant surprise. This is the primary reason why people consider them as a divine blessing. Parenthood is not just a new phase; it is the period when couples embrace responsibility.
Though people are responding to a certain extent, they do love the occasional spontaneity. They love taking risks and having new adventures.
The child becomes the top priority, and everything else takes a back seat. Parents begin to overthink every choice to warrant the best of everything for their children.
One way to ensure you bring a child into the world without any worry is by purchasing health insurance that covers pregnancy.
It is imperative to check for these factors while choosing the best policy.
1. Coverage plan
Most people tend to confuse hospitalization charges with medical expenses. However, these are two different concepts that can make a massive difference while making a claim.
Therefore, always choose a health insurance policy that would cover medical expenses. This would help the couple to avail the benefits for a certain period before and after the delivery.
2. Premium value
It is an undeniable fact that health insurance that covers pregnancy can be slightly expensive. Most insurance companies have a relatively high premium for maternity care.
However, leading companies such as Care Health Insurance do offer discounts for multi-year policies. Since maternity insurance would cover more than one pregnancy, this is an essential factor to consider.
3. Cashless Hospitalisation
Always choose an insurer that has multiple impaneled hospitals. This would help the policyholders with health insurance that covers pregnancy to select the hospital of their choice and convenience. It saves them from the hassle of arranging the funds and later applying for reimbursement.
4. Inclusions & Exclusions
Though IRDAI (Insurance Regulatory and Development Authority of India) has listed certain conditions, every insurance company has its unique set of inclusions and exclusions for its health insurance that covers pregnancy. Consumers should read the policy document clearly before signing the dotted line.
5. Newborn Cover
Always choose the health insurance that covers pregnancy, which would offer newborn cover. It might not be feasible to source a new policy for your child immediately.
However, some policies do provide general coverage for a specific period.
6. Claim procedure
It would be prudent to understand the claim procedure for an insurance policy. This would help new parents to handle it in a stress-free manner. You can also talk to other policyholders to get a realistic picture.
These are some of the factors to consider while choosing health insurance that covers pregnancy. It is imperative to understand that all health insurance packages might not offer maternity cover.
Always look for policies that provide the maximum benefit. The waiting period for these policies is considerably long. Some policies might even take nine months to almost two years.
It is advisable to invest in health insurance that covers pregnancy immediately after the wedding or when the couple decides to have a baby. There is no warranty or defined guidelines for the approval period.
Hence, it is advisable to be prepared as complications in pregnancy cannot be predicted. This insurance would be the first responsible decision for all parents to be.
About The Author:
Vaidik Sachdeva, Postgraduate in Literature from the University Of Delhi. He is the creative content pen at a famed digital marketing agency. He’s devoted to writing on different digital marketing strategies and their significance in business growth.