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From day one coverage to transferable waiting period — here’s how maternity health insurance is evolving

The newly-introduced maternity insurance plans are reshaping the way individuals approach family planning and financial security. Traditionally, maternity coverage comes with substantial waiting periods, often spanning across two years.

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However, with the advent of innovative insurance schemes, these barriers are rapidly diminishing.

The latest offerings in maternity insurance not only slash the waiting period to nine months but also introduce a revolutionary concept — the transferability of waiting periods to spouses.

This means that individuals who have fulfilled their waiting period can pass on this benefit to their partners, allowing for immediate coverage from day one of maternity insurance inclusion.

Siddharth Singhal, Business Head, Health Insurance at Policybazaar.com, pointed out that while conventional coverage was limited to childbirth expenses, the new-age plans provide comprehensive coverage encompassing prenatal and postnatal consultations, assisted reproductive treatments, infertility procedures, surrogacy arrangements, adoption expenses, and even vaccination costs for newborns.

One of the key features of these revamped plans is their adaptability to the evolving dynamics of modern relationships.

For first-time health insurance buyers, the reduced waiting period for maternity benefits offers a practical solution.

Moreover, individuals planning to marry soon can leverage these plans to streamline their future family planning efforts.

Singhal also highlighted the long-term benefits of early investment in these insurance plans.

With a progressive increase in maternity coverage for each claim-free year, individuals stand to accumulate a substantial sum insured over time.

Here’s a look at some of the maternity insurance policies available in India:

Plan Name Premium New born baby coverage (Age: 0-90 days) Additional Notes
Aspire ₹ 19,370 1. All complications related to maternity will be paid from M-iracle sum insured only.2. Vaccines that will be covered are TDAP (Tetanus, Diphtheria, Pertussis), TD (Tetanus, Diphtheria), Flu Shot, Hepatitis A,Hepatitis B
Joy Tomorrow ₹29,132 (for ₹5 lakh sum insured) 1. New born baby is covered up to additional ₹50,000 in this policy from the date of delivery until day 90 without paying any additional premium.2. Baby Addition to Policy: Baby can be added to policy on 91st day by paying additional premium, Coverage for baby now becomes the same as policy sum insured – ie ₹5 lakh Max sum insured option in the plan is ₹5 lakh, hence the premium is for ₹5 lakh sum insured.
Star Women Care ₹18,012 1. New born baby hospitalization is covered at no extra cost from day 1 for additional sum insured for new born equal to 25% of base SI (in this case 2.5 lacs, since policy sum insured is ₹10 lakh).2. Vaccination cover of ₹5000 available over and above.3. Baby addition to policy: Baby can be added to policy on 91st day by paying additional premium, Coverage for baby now becomes the same as policy sum insured – ie ₹10 lakh.
Prohealth Prime Advantage ₹ 24,458 1. New born baby hospitalization is covered as a part of Prime Enhance Rider from day 1 for up to ₹1 lakh (not additional, within maternity limit of ₹1 lakh).2. First year vaccination is additionally covered as mentioned in policy terms and conditions.3. Baby addition to policy: Baby can be added to policy on 91st day by paying additional premium, Coverage for baby now becomes the same as policy sum insured – ie ₹10 lakh. Premium includes prime enhance rider.
Activ Fit preferred ₹16,766 1. New born baby is covered from the date of delivery until day 90 for the sum insured of ₹40,000. (No additional sum insured for new born).2. Baby Addition to Policy: Baby can be added to policy on 91st day by paying additional premium, coverage for baby now becomes the same as policy sum insured – ie ₹10 lakh.
Zuno Health Insurance- Gold (Health 241 Add-on) ₹ 18,195 1. Medical treatment expenses traceable to childbirth (including complicated deliveries and caesarean sections incurred during hospitalization).2. Expenses towards legal medical termination of pregnancy during the policy period.3. Medical expenses for newborn babies are not covered

(Source: Policybazaar)

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