Check the Top Maternity Insurance in India
Updated On Dec 21, 2023
Table of Contents
Parenthood is a beautiful phase in every couple's life. While celebrating a new beginning in life, a lot of financial responsibilities, such as paying hospital bills, regular medical check-ups, and many more, join us during the journey. Agreed? Therefore, during this phase, a maternity insurance plan offered by prominent health insurance companies can help you and your spouse both financially and emotionally.
Read on to learn about the best maternity insurance policies in India along with their key features. However, before that, let’s understand the meaning of maternity insurance.
What Is Maternity Insurance?
A maternity insurance policy is coverage provided to parents during their maternity period. Generally, it is provided as an additional rider or add-on cover with a regular health insurance policy. It covers all expenses in both types of delivery, that is, cesarean and normal Besides this, other additional costs, including prenatal costs, hospitalization costs, medication, and many others, are also included.
Top 5 Maternity Insurance Plans
The best maternity insurance Plans are mentioned below:
|
Plan Name |
Claim Settlement Ratio |
Hospital Network List |
|
Care Health Joy Health Insurance Policy |
95.2% |
19,000+ |
|
Activ Health Platinum Enhanced Insurance Plan |
94% |
6,000+ |
|
Future Generali Health Total Mediclaim Insurance |
94% |
6,000+ |
|
Niva Bupa Heartbeat Family Floater Plan |
86.91% |
7,600+ |
|
Chola MS Family Healthline Insurance |
56.19% |
9500+ |
-
Care Health Joy Health Insurance Policy:
With the Joy maternity insurance policy offered by Care Health Insurance, you can enjoy premium-quality healthcare facilities without stressing about finances. It comes with a waiting period of nine months. Besides this, it provides newborn baby coverage for up to 90 days.
Key Features
- It provides coverage for both mother and child.
- Enjoy the benefits of the policy for 3-years without any yearly renewals.
- Avail tax benefits on the premium you pay as per the Income Tax Act 1961. (Terms & Conditions apply)
- Get a single private AC room and maintain your privacy.
- All pre-hospitalization and post-hospitalization expenses along with day-care treatment, in-patient care, cashless hospitalization, and many more benefits are provided.
-
Activ Health Platinum Enhanced Insurance Plan:
This health insurance policy is provided by the Aditya Birla Health Insurance Company with unique benefits such as chronic management programs, modern treatments, and much more. It covers all the expenses related to the newborn baby.
Key Features
- Provides coverage for modern treatment methods such as chemotherapies, surgeries, and more.
- Avail 100% of the sum insured if no illness relates during the policy period.
- Get a 50% no-claim bonus for not making any claims within a year.
- Emergency services in both domestic and international conditions.
-
Future Generali Health Total Mediclaim Insurance:
Future Generali Health Total Mediclaim Insurance is a complete package of protection for you and your loved ones. Discounts, tax benefits, coverage for medical expenses, premium payment flexibility, and much more can be availed of under this policy.
Key Features
- Get a newborn baby cover for up to 91 days after birth.
- Up to a year after the child's birth, all vaccine costs are covered.
- Provide coverage for all pre-hospitalization and post-hospitalization charges.
- Consultation charges of doctors are covered.
- Patient care, ambulance charges, day-care treatment, and many other benefits are included.
-
Niva Bupa Heartbeat Family Floater Plan:
The Heartbeat Family Floater Plan by Niva Bupa offers comprehensive coverage for you and your loved ones. Under this policy, you can avail of maternity benefits up to Rs. 1,00,000 and a cover for regular health check-ups.
Key Features
- Get maternity and newborn baby benefits from day 1 of the policy.
- Provides coverage for health checkups and other diagnoses starting from the second year of the policy.
- Get coverage for specific critical illnesses.
- International treatment facilities are provided.
-
Chola MS Family Healthline Insurance:
Under this Chola MS health insurance family floater plan, maternity coverage is provided to the policyholder. However, the waiting period is five years. This plan is available in 4 variants- Value plan, Freedom plan, Enrich plan, and Privilege plan.
Key Features
- Coverage for all pre-hospitalization and post-hospitalization expenses.
- The cost of the ambulance incurred is covered.
- Free health screening and check-ups.
- AYUSH treatment, domiciliary treatment, daycare treatment, and many other benefits are covered.
Conclusion
If you are planning a baby, you should consider purchasing a maternity health insurance plan to safeguard yourself financially. Each policy comes with different benefits, so it is wise to compare the plans thoroughly based on factors such as claim settlement ratio, network coverage, waiting period, newborn expenses, and sum assured.
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