Becoming a parent is akin to starting a new chapter of life. Although it is a beautiful feeling, welcoming a child is not a low-cost affair. Everyone knows about the rising medical costs and inflation and how they impact many lives. But few know how to tackle this situation. If you’re someone planning your pregnancy, we’d suggest starting with creating a fund that supports you financially during your delivery time.
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And the best fund to build for maternity-related expenses is a maternity health insurance plan. This insurance covers the insured against the medical costs related to maternity care and treatment, ensuring the covered has nothing but peace of mind. If you’re skeptical about investing in maternity health insurance, the following reasons to invest in it might change your view and decision.
- It Acts as a Financial Backup with Premium Benefits
You’re securing your maternity period when you invest in good maternity health insurance. Whether you go ahead with normal delivery or C-section delivery, your insurer will cover the expenses related to either of them. Moreover, it’s not just the delivery expenses that are covered by maternity insurance.
Expenses arising from delivery and labor pain, hospital and room rent, infertility treatment, pregnancy complications, medically necessary terminations, etc., are some more aspects covered by a maternity plan. It gives you comprehensive coverage, ensuring you pass the maternity phase with utmost ease and peace of mind.
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- Delivery in Private Hospitals is Very Expensive
Whether your doctor advises you to proceed with normal or C-section delivery, the associated costs will disrupt your budget if you don’t take them seriously. Most people prefer to receive their maternity treatment in a private hospital due to the good service and quality of treatment. But getting treated in private hospitals is very expensive. The cost of normal delivery in private hospitals is anywhere between Rs. 40,000 to Rs.1,00,000, depending on the city you live in and the hospital you choose.
And C-section costs require an additional amount of Rs. 40,000 to Rs. 60,000. This range can increase or decrease depending on the private hospital you visit for delivery, so check the hospital costs before getting admitted for delivery. But when you have maternity insurance, you just have to focus on getting the best treatment from a reputable hospital as the insurer will bear the delivery-related costs. It alone relieves many parents from the substantial financial burden they’re subjected to at once.
- It Covers the Newborn from Day One
Generally, health insurance plans don’t cover newborn babies till they’re 90 days of age. But if you have health insurance with maternity benefits included, the coverage will protect your newborn from day one. Some policies even cover the vaccination and complication costs the newborn is subjected to for the first 90 days of his life. Not every maternity insurance plan will have the same terms and conditions and coverage, so always double-check the list of inclusions and exclusions to clearly understand what all is covered regarding your newborn baby and for how long.
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- It prepares the Couple for Any Huge Cost Related to Complications:
In case of complications and unforeseen scenarios like premature birth, the newborn is placed in an incubator in a neonatal intensive care unit. Prematurely delivered babies are kept in the neonatal care unit for at least 20 days, and the cost of each day is approximately Rs.10,000. The entire situation can become more stressful because of the associated costs.
But if you have invested in a good maternity health insurance plan, you won’t have to worry about arranging all this money at once. The insurer will bear the expenses related to neonatal unit charges and other expenses arising from complications, so parents can have a sigh of relief. If you want to protect yourself and your partner from the financial stress arising from any critical illness of the newborn baby, you should start investing in good maternity insurance at the earliest.
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- Helps a Couple Start a Family without Financial Burden
Nowadays, many couples are taking time to plan their baby because of the increased financial expenses related to maternity care and treatment. With inflation and medical costs rising significantly, getting a child delivered is no longer an affordable feat. Keeping this in mind, insurance companies are offering maternity insurance to people with numerous benefits.
Maternity insurance aims to help couples start a family without facing the heat of increased maternity costs. It looks after the expenses related to delivery, newborn vaccinations, involved complications, etc. All this relieves the couple from the intense financial burden they face during the maternity and post-delivery periods.
Secure Your Maternity Phase with a Reliable Maternity Insurance
The maternity stage is a beautiful phase to experience in life, so don’t let the stress of financial expenses disrupt it. If you want to keep stress out of your maternity journey, invest in a good maternity insurance plan today. Various reliable insurance companies offer maternity insurance as an add-on with individual health insurance or family floater plans, so you just have to look around for the one that best matches your requirement.
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