A health insurance plan is something that will support you financially during times of unanticipated risks. There are several plans and covers that are available under these insurance policies and you can pick the one that most fits your requirements.
While diseases, illnesses and accidents are unanticipated risks that require immediate medical attention, pregnancy is equally one. Be it planned or unplanned, a maternity cover can help you and your family be financially stable during this milestone of your life.
Becoming a parent is a vital decision for every young couple, especially the mother. Not only do they have to be mentally and emotionally prepared to bring up their child, but also financially. The expenses of having a child doesn’t start when the child starts going to school or other lessons, it begins even before they are born. Good quality maternity care is essential not just for safe delivery, but also for the good health of the baby and the mother.
With India’s population and poverty rates high, government hospitals are jam packed. This deteriorates the quality of treatment provided by the doctors and hospitals. On the other hand, private institutes not only have long waiting periods but also high bill values. With the sky-rocketing rate of medical costs, it is almost impossible to keep up with the expenses without feeling a pinch in your pocket. However, every problem has a solution and a good insurance plan is the solution to this one.
Having an insurance that covers pregnancy can ease your financial burden in double folds. A maternity insurance plan not only covers expenses of the delivery, but also takes care of pre-natal health care and post-natal health care up to a certain limit. The limit is usually based on the total sum assured under your plan. You also need to be aware that these policies come with limitations and exclusions as well. While it generally depends on the sum assured, at times, it has to do with the policy itself.
Certain policies might not take into consideration non-traditional methods of pregnancy, complications in pregnancy and defects related to birth. This could be due to the fact that it is a higher risk cost for the insurer. Also, although a general maternity cover usually comes with high premiums, the financial benefits of the maternity cover makes up for more than what you will be paying at that point of time.
To be able to fully enjoy the process of pregnancy and starting a family, you need to make sure your finances are well-planned. Financial burdens can cause a lot of stress and take away your peace of mind, when you most need it. So without doubt, taking a maternity insurance is a wise decision that needs to be a part of your family as well as financial planning. Don’t forget to study all the options available to you and pick the one that best suits your needs. Have a happy pregnancy and parenthood with some of the best plans for family health insurance.