What is a Maternity Health Insurance Plan?

Maternity Expenses on the Rise in India

An increase in the risk of infections to a newborn baby increases, the expense of maternity is also increasing. You can feel stressed about the expenses if you haven't taken maternity insurance plans. Individual health insurance with maternity coverage helps you to cover most of your expenses during delivery. Under health insurance with maternity cover, you get many benefits like early expenditure on children's medications and well being.

• The average cost to deliver a baby in India lies at least Rs 50,000 to Rs. 70,000.
• The cost of C-section deliveries is rising in India, rising to 2 lakhs in many urban cities.
• Most of the couples in India are fearful about parenthood due to the financial responsibilities that come with it.

What's excellent about Square Maternity health insurance?

Square life insurance provides some of the best maternity health insurance policies that easily fit your budget and cover most of your expenses.

What's Covered in Health Insurance with maternity cover by Square insurance?

What didn't you get Under the Maternity insurance plan?

Here is the list of expenses not covered under the maternity insurance plan. You can consider these terms and conditions before applying for maternity insurance.

• Expenses that arise due to storage of stem cells and harvesting when carried out as a preventive measure against the possible future illness.
• Medical expenses will be covered outside of the maternity benefits cover for ectopic pregnancy. You can claim them under hospitalisation expenses of your health insurance with maternity coverage.
• Pre and postnatal medical expenses come under the maternity insurance plan unless hospitalisation. Under the health insurance with maternity cover, you get all medical expenses covered.

How to file a claim?

Documents required to claim Pregnancy Insurance Policy

To claim the cover of your maternity insurance you need to have the following details.

• Proof of pregnancy.
• Original document of maternity health insurance.
• KYC documents for Pregnancy Insurance.
• Cashless Health Card

Who can benefit from a Maternity Cover?

If they meet the following criteria, you can benefit from the maternity add-on cover in their health insurance plan.

• If you have selected the cover option while buying the health insurance or have included it later.
• If you have completed a waiting period of two years, you can then claim and benefit from this cover.
• If you are married and are under the age of 40 years.
• If you have not used the cover for two children already.
• If you're planning to have a baby in the coming years and want stress free early parenthood. You should definitely apply for a maternity health insurance plan.

Please note that this list is not exhaustive and is only indicative. Different critical illness insurance policies cover different critical illnesses.

Documents Required to Apply for Pregnancy Insurance

Here are some of the documents which are required for Maternity insurance.

• Proof of Age- Passport, Passing certificates, Adhaar card, Birth certificate.
• Proof of Address (PoA)
• Proof of Identity (PoI)
• Electricity Bill, Ration Card, Driving Licence, etc.
• Medical check-up for policyholders above the age of 45 years.
• Passport size.

Maternity Insurance is best for people.

Health insurance plans with maternity benefits benefit the people who fit into the following criteria.

• It is beneficial for married couples who plan to have babies for at least the next two to three years.
• It is beneficial for couples planning to get married soon and have a baby in the next three to two years.
• It is beneficial for people who have one kid but plan for the next child for at least two to three years.
• It is beneficial for the people who aren't planning for a child anytime soon but would like to be safe.

If you are following the given category you can take maximum advantages of the maternity health insurance policy. Maternity health insurance is best for people who are newly married and planning for babies. The couple can consider this insurance to be mentally free at the time of their early parenthood. You should take this insurance as early as possible to get the maximum coverage during your early pregnancy stages.

What makes maternity benefits so crucial for young couples?

Maternity insurance helps couples save a lot of money during their early parenthood stage. It provides benefits of covering financial expenditure during pregnancy and the birth process of a child. Here are some of the benefits which make maternity health insurance so beneficial for young couples.

Features and benefits of a Maternity health insurance plan?

Maternity health insurance has many benefits and features that inclines you towards buying an insurance policy. Some of its benefits are.

How is maternity health insurance different from other insurance policies?

Maternity health insurance plans cover most of the expenditures during the pregnancy of a woman. In some of the health insurance policies you get the leverage of maternity health insurance along with your normal health insurance. It is hard to find maternity health insurance without a waiting period so you need to apply for the insurance before planning for a baby. The one unique thing about maternity health insurance is that you cannot apply for the health insurance once you are pregnant. So, if you are a newly married couple and looking for stress free parenthood, you should apply for maternity health insurance.

Maternity health insurance covers all the expenses related to delivery of the child and their conditioning for the first three months. This cover is available for C-section as well as normal deliveries.

Individual health insurance with maternity coverage has unlimited benefits and covers most of your early parenthood expenses. The premium of maternity health insurance increases as you grow older, also, pregnancy related costs are increasing everyday.

Among many maternity health insurance plans you should choose the one which takes minimum waiting time and provides you maximum cover. Square insurance provides some of the most attractive insurance plans which you can easily apply.

Why should I opt for maternity insurance cover?

With the rise in healthcare costs, the medical costs of delivering a newborn baby are increasing day by day. When there is a C-section, complications in delivery are involved. However, opting for a maternity benefit in your health insurance plan would make things easier for you and your spouse by decreasing your financial burden and ensuring that everything from birth to the first three months of your child is unique. You can start your early parenthood in a stress-free environment without the stress of financial expenditure.

The health of a child is the priority of any parent. Maternity insurance provides you with the leverage of being free when being a parent. It is a special moment for every couple, and you don't want to waste this crucial time by thinking about money and financial expenditure. Under health insurance with maternity cover most of the health expenditures, you get added benefits of hospitalisation.

What's the Right time to seek?

Maternity is a life-changing journey for a woman in many ways. With rising medical inflation and overall expenditure, childbirth-related expenses are becoming expensive. Lack of proper planning in this crucial phase can destroy your mental peace and override the happiness of being blessed with a child. You should plan well in advance, given that maternity health insurance policies generally have a long waiting period, which may prove to be tricky for most consumers. Maternity health insurance plans cover most of the expenditure that can cost you a lot during the pregnancy stages and delivery of a child.

Most of the insurance companies do not offer maternity health insurance to pregnant women already. Thinking of it as a pre-existing condition, you can take all the necessary precautions beforehand. You need to understand that most maternity health insurance policies have a waiting period of at least three to four years. Maintaining maternity health is a critical aspect of a planned pregnancy.

Conclusion

A maternity health insurance is like a friend in your early stages of parenthood. It helps you to become financially free at this crucial stage of life. Maternity health insurance covers the expenditure of regular and c-section deliveries. It also takes care of a child's expenditure in its early stage of up to three months. Comprehensive maternity insurance allows you to access the best health care facilities without facing any financial burden. You can easily apply for Maternity insurance by simply visiting the square insurance website. The second option you have is adding the cover to your existing health insurance plan. You can easily claim your benefits at the time of requirement by simply visiting the policy provider's website and submitting a few documents to get the credit benefits.

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