5 Wonderful ways maternity insurance covers mums-to-be

5 Wonderful ways maternity insurance covers mums-to-be

If you are about to welcome a little one, you need a special kind of insurance to protect yourself and your unborn baby and have greater peace of mind to fully enjoy your pregnancy journey. This insurance is known as a maternity term plan. A maternity term plan is a single-premium plan that offers extensive protection for the mum and her baby.

Maternity insurance has many benefits for both the mum-to-be and her baby. These benefits provide coverage during the pregnancy and also extend towards the newborn after delivery. If you are hearing about maternity insurance for the first time, you may not be fully aware of the benefits that the coverage holds for you. To help you gain insight, we have listed down 5 wonderful ways in which maternity insurance covers an expectant mother and her baby.

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Coverage for pregnancy complications

Leading insurance companies cover a range of pregnancy complications such as uterine rupture, miscarriage due to an accident, disseminated intravascular coagulation, amniotic fluid embolism, severe acute fatty liver of pregnancy, and stillbirth in their maternity insurance plans. The coverage begins as early as 13 weeks into the pregnancy.

A maternity term plan also generally extends coverage to assisted pregnancies such as IVF (in vitro fertilisation). Moreover, leading insurance companies also cover multiple births for both assisted and natural pregnancies.

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Hospital care benefits for the expectant mother and newborn baby

The mother usually gets a hospital care benefit payout which is around 2% of the sum assured per day for a certain number of days of hospitalisation for conditions like lactation mastitis. The mother can also claim 1% of sum assured per day for the baby if the baby suffers from certain illnesses (such as hand, foot, and mouth disease - HFMD) after birth. You may also get the option to add an early critical illness supplementary benefit for your baby without any underwriting.

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Coverage for congenital illnesses

A maternity term plan will also usually cover congenital illnesses such as cerebral palsy, cleft palate / cleft lip, down’s syndrome, infantile hydrocephalus, club foot, congenital deafness, and congenital blindness, among others.

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Inclusion of mental health costs

The mental health needs of expectant mothers are rarely addressed or taken care of. In order to ensure that a mum-to-be gets access to the mental health care that she needs, leading insurers cover the costs of psychological consultation as well as postpartum depression in a maternity term plan.

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Bundled insurance for mother and baby

These days, an expectant mother can also opt to buy a bundled maternity insurance plan through which the baby gets whole life insurance from the moment of birth. The mother stays covered against any pregnancy complications, terminal illness, and death. After childbirth, the plan transfers to the baby without any underwriting.

Do bear in mind that the exact specifications of coverage can vary slightly between insurance providers. You are advised to speak to your insurer and ask them for the specific details of policy inclusions when you buy maternity insurance.

We hope that this article has helped provide insight into the many wonderful benefits that a maternity term protection plan holds for you. Do consider speaking with a financial consultant for help in selecting a maternity term plan that suits your budget.

All the best.

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