Majority of health insurance plans do not allow you to buy maternity health insurance for a pregnancy that has already begun. This is because policies usually have certain eligibility rules for maternity benefits. These rules determine when pregnancy-related expenses are payable under the policy.
Insurance for pregnant women are different across insurers and chosen plans. Reviewing the policy details helps clarify the available benefits and eligibility conditions. Continue reading to learn more about maternity insurance in detail.
Why is Existing Pregnancy Not Covered Under Health Insurance?
Existing pregnancy is typically not covered under a newly purchased medical insurance policy, as the maternity benefits are subject to eligibility conditions and waiting periods. Insurance is intended to cover future medical requirements—whereas what has started is not covered. Thus, an ongoing pregnancy falls outside the scope of the new policy.
The exact terms and conditions of the policy might differ across insurers and plans. Before buying a policy, it is important to be aware of the maternity benefits, waiting periods, exclusions, and eligibility to clarify coverage.
What are the Benefits of Choosing Maternity Health Cover?
Maternity health cover helps manage eligible expenses while you are pregnant and giving birth. The benefits offered differ across policies and their terms.
Cashless Claim Facility
A cashless facility can make hospitalisation expenses easier to manage. At respective network hospitals, the insurer settles approved expenses directly, depending on the terms and conditions in the insurance policy.
Extensive Coverage
For maternity cover, eligible expenses are related to pregnancy, delivery and post-natal care. Specific coverage, limits and waiting periods vary from one policy to another.
Tax Benefits
Health insurance premiums may be eligible for any tax benefits under the Income Tax Act. The available benefits depend on individual eligibility conditions and existing tax rules.
Key Factors to Consider for Maternity Insurance for Pregnant Women
Maternity insurance provides financial support during pregnancy. Here are the key factors to consider to choose the right maternity insurance for pregnant women:
Waiting Period
Go through the waiting period before buying a policy. Maternity benefits may only be applicable after completion of the waiting period.
Complications Coverage
Re-read the policy and determine if pregnancy-related complications are included. This coverage is subject to the terms, limits and exclusions.
Number of Pregnancies Covered
Check if the policy mentions any time limit on the number of pregnancies covered. This may differ depending on the plan and should be outlined in detail.
Terms and Conditions of Policy
Understand the policy wording and check maternity cover, exclusions, sub-limits, eligibility and claim conditions. This clarifies the coverage available.
Explore Maternity Health Cover with IndusInd General Insurance
IndusInd General Insurance provides maternity coverage as an add-on to health insurance plans. The cover might include eligible expenses for pregnancy, childbirth and maternity complications. It may also include pre-natal, post-natal, and newborn baby care, as per policy terms. The Health Infinity plan provides an add-on for Mother and Child Care with benefits for both mother and newborn.
Before purchase, check the applicable waiting period and coverage limit, and choose the appropriate maternity health cover based on your healthcare needs.
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