Are there any plans in India that provide Maternity and New Born covers?

Cost of maternity treatment is rising but until now very few policies provided benefits either for maternity treatment, or complications arising out of maternity, or even cover for the new born baby.

Consider these facts:

1.      Pregnancy related claims have the highest claims frequency (0.726%) of all diseases among females.  

2.      This is particularly high for Females in age group of 26-35 years accounting for about 2% of all claims.

3.      Most of the pregnancy related claims fall in the Rs. 25000- 50000 bracket.

These don’t include out of pocket costs that families have themselves paid. Insurers have now started offering maternity benefits as part of the policy or as an add-on.  Another important thing to note is that is if you don’t have maternity cover, you may be denied treatment for any condition that may arise due to complications during child birth. Hence the cover goes beyond the immediate child birth.

Below is a comparison of polices that offer Maternity and New Born covers. The premiums and benefits shown is for a family of three with the eldest member being 30 years of age opting for five lakhs cover.

Most Maternity covers have a waiting period, so it is better to have this cover well before you plan to start your family.

You can get a complete comparison of Health Insurance polices with Maternity and New Born cover at www.policylitmus.com.