Parenthood is a fantastic experience; to put it mildly, the joy and fulfilment that one gets upon becoming a parent is astounding. The arrival of a kid fills our lives with great joy and excitement. But parenthood comes with a lot of responsibilities, and the road starts as soon as you conceive. Childbirth has gotten more expensive due to the rising expense of healthcare and rise in pregnancy-related problems. To guarantee that you can enjoy motherhood without worrying about money, it is now crucial to have a good financial plan in place before becoming a parent. Having a decent maternity insurance policy is one of the key components of the aforementioned financial strategy because it will help you lessen the financial strain of giving birth. Here we take a moment to explain what maternity insurance is.
If you plan to have children, then buying a standard health insurance plan won’t be enough. You need to buy health insurance with maternity cover. From clinic appointments to medical procedures, maternity costs can get expensive. A maternity cover will ensure you have sufficient financial assistance as healthcare costs are skyrocketing each day.
In this article, we will look at a few more crucial reasons why you must get health insurance with maternity cover, so let’s get started!
- Coverage for Both Normal and Caesarean Delivery
Maternity health insurance provides coverage for both normal and caesarean delivery. As we know, hospitalization costs a lot of money these days, and this is especially true in the case of private hospitalization. Caesarean delivery can cost up to lakhs of rupees in a good hospital, and it can even increase further, depending on the medical care and attention required. Without a maternity cover, you could end up spending a significant amount of money from your savings. Therefore, it’s wiser to get insured.
- Cashless Hospitalization Across Thousands of Hospitals
at network hospitals in the country is one of the most critical benefits of buying health insurance with maternity cover. Everything is taken care of by the insurance service provider so that you don’t have to dig into your finances to pay off hospital bills. Moreover, with some of the best hospitals on the network, you can expect nothing but the best medical care for you and your newborn.
- Get Coverage for the Newborn
Your existing health policy won’t cover the child as soon as they are born. Most policies require a child to be at least 90 days old before they can be included within the policy. This is not the case with health insurance with maternity cover since the child is covered from day one. So, in case there are any complications, you know that your newborn baby is covered under the policy, and you don’t have to worry about anything as far as medical bills are concerned.
- Direct Claims Settlement
If you opt for a policy from a reputed health insurance provider, you can benefit from direct claim settlement. This would ensure that you get hassle-free claim filing and settlement processes. This saves valuable time since there are no third parties involved in the picture, and your claims are settled in the shortest amount of time possible.
- Save Taxes
You can save taxes by buying health insurance with maternity cover. The premiums that you pay on the insurance are eligible for tax deductions under section 80D, Income Tax Act.
Buy Health Insurance with Maternity Cover Today!
Health insurance with maternity cover is vital in today’s quickly evolving world, where inflation is at an all-time high, and medical care costs are spiraling out of control. So much so that without insurance, it could become impossible to access quality medical care without putting your savings at risk. Therefore, getting insurance is the key to ensuring an inflation-proof plan for your financial well-being.
JOY Maternity Insurance Plan by offers one of the most comprehensive maternity insurance policies in the industry. They have more than 16500+ hospitals on their network. They offer all the benefits we discussed, and much more. Even better, they have a Claims Settlement Ratio (CSR) of 95.2%, which is an added advantage. So, do check out their website and invest in health insurance with maternity cover today!