Why Maternity Health Insurance Is So Important For Women In India?

The total fertility rate in India stands at 2.3 as of 2019. This means that approximately two children are born every 1000 women in a year. However, the infant mortality rate of India still stands at 33% as of 2017, as per Census of India. This can be attributed to the high costs of pregnancy and childbirth, which are necessary expenses to ensure proper all-round wellbeing of your baby. Availing maternity insurance is your best bet for smooth financial planning and execution during labour and delivery.

There are several advantages of opting for maternity health insurance during pregnancy:

Reduces burden

Pregnancy can generate financial stress on people as it comes with intricate expenses such as medicines, doctor appointments, pre and post-hospitalisation care. Pregnancy insurance comes in handy during such situations, providing coverage against hospitalisation expenses, expensive medication, etc. This reduces strain on all expecting mothers, thereby ensuring general wellbeing during this time.

Healthcare of the baby

In case the new born child is diagnosed with any critical illness, maternity insurance extends financial assistance to reduce the burden on parents. It allows new parents to provide top-notch health care to their children without worrying about the monetary consequences.

Hospitalisation expenses

The insurance company pays the entire medical bill generated for hospitalisation. Costs incurred 30 days before admission, as well as 60 days later is also included in the coverage policy.

Read Also: Things to Know About Maternity Insurance

Cashless and fast claim policy

A pregnancy insurance scheme generally provides an instant claim procedure to reduce the hassles of the expecting couple. The payment remains cashless for most hospitals, aiding the smooth transfer of funds.

Pregnancy and childbirth pose a physical strain on all expecting mothers and their families. Opting for maternity insurance ensures that couples do not have to bear the financial stress as well.

Read Also: Importance of Maternity Health Insurance for Women in India

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of the

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before you in

Know Detailed Information About Acko Bike Insurance

If you’re a bike enthusiast, you know that it’s important to have the right coverage for your bike. Acko Bike Insurance provides comprehensive coverage for bikes, offering a range of plans to suit different needs. Acko Bike Insurance is an insurance product from Acko General Insurance, a digital-first insurance company based in India. It’s an innovative product that provides comprehensive coverage for two-wheelers, offering a range of plans and features to meet the specific needs of bike owners. Acko Bike Insurance provides coverage for a range of bikes, from standard models to high-end bikes. The coverage includes accidental damage, theft, fire, and natural disasters. It also covers legal liabilities, including for third-party property damage and bodily injury. The main benefits of Acko Bike Insurance are the comprehensive coverage and the flexibility of the plans. You can choose from a range of plans, each with its own set of features and benefits. You can also customize the co

All Insurance News and Plans

Search This Blog