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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 well...

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 accordi...