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

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