Important Terms in Maternity Health Insurance Plans you Must Know About

The ‘Good News’ about the arrival of a newborn baby is an exciting and joyful moment for the married couples. The celebration comes along with the responsibility of parenthood, that starts with the planning for care during the pregnancy period and successful delivery of the baby.

The happiness can, however, be marred by the ever-increasing costs of deliveries which can turn out to be in excess of Rs. 50000. It is thus more than essential to opt for a health insurance plan who covers the cost of maternity to the greatest possible extent. Some of the key terms and aspects which you must consider in maternity health insurance are as follows -

Waiting Period

Simply put, refers to the period for which the insured needs to wait before the benefits of the insurance plan kick-in. A majority of the health insurance policies have a waiting period of nine months to two years before you can claim the maternity expenses. Thus, you should make your plans of expanding your family accordingly.

Coverage

It refers to hospitalization expenses which are included as part of your maternity health insurance plan if the stay in the hospital exceeds more than 24 hours. Some of the most commonly included expenses are doctor’s consultation fees, room charges, cost of medicines, pre and post-natal expenses and regular investigations. Charges incurred up to a period of 90 days from the date of delivery are also included as part of the health insurance.

Read Also: Maternity Health Insurance and its Important Terms

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