The expenses associated with childbirth and maternity can be hefty. To manage such expenses required during your pregnancy you can avail insurance policies like maternity insurance plans. Before you purchase a policy, it is essential that you keep some factors such as sum assured, premiums, etc. in mind. Given below are some tips that you should consider before applying for an insurance plan.
1. Check the coverage
Such policies cover you financially to bear several expenses such as-
1. Check the coverage
Such policies cover you financially to bear several expenses such as-
- Hospitalisation
- Emergency ambulance facilities
- Pre-hospitalisation (30 days before hospitalisation)
- Post-hospitalisation (60 days after hospitalisation)
Besides, you can also claim financial assistance for the expenses required towards diagnostic test, medicine costs, consultation fees, etc.
2. Know the application process
You can apply for maternity health insurance plans conveniently on the official website of your preferred NBFC. To apply, fill an application form with the required financial and personal details and choose your sum assured. You will be shown the annual premium amount after you select all the required options.
After the approval of your application, you can pay your premium via any of the online payment methods, such as:
2. Know the application process
You can apply for maternity health insurance plans conveniently on the official website of your preferred NBFC. To apply, fill an application form with the required financial and personal details and choose your sum assured. You will be shown the annual premium amount after you select all the required options.
After the approval of your application, you can pay your premium via any of the online payment methods, such as:
- UPI
- Mobile wallets
- Net banking
- Account transfers
- Debit or credit card
3. Check the facilities
You can enjoy several other facilities, including –
- Cashless claim settlement: Under such plans, the amount gets transferred to your hospital directly without you having to pay any cash.
- No claim bonus: For every claim-free year you can enjoy a cumulative bonus of 10%.
4. Inquire on the tax benefits
Policyholders can claim income tax benefits of up to Rs. 60,000 under Section 80D of the Income Tax Act against the premiums paid per year.
Additionally, such maternity insurance plans also provide faster claim settlements for all non-network hospitals. Fill an online claim form and submit the required documents to receive financial assistance. Remember to check the the minimum time required by your NBFC to settle your claim.
Policyholders can claim income tax benefits of up to Rs. 60,000 under Section 80D of the Income Tax Act against the premiums paid per year.
Additionally, such maternity insurance plans also provide faster claim settlements for all non-network hospitals. Fill an online claim form and submit the required documents to receive financial assistance. Remember to check the the minimum time required by your NBFC to settle your claim.
Additional Read: Few Tips Before Buying A Maternity Insurance Policy In India
Comments
Post a Comment