Preparing for parenthood? If yes, then you are in the right place. It is important to embrace parenthood by choosing a smart way of undertaking responsibilities. Mediclaim for pregnancy is a financial product that is specifically designed to help couples deal with the financial responsibilities of becoming a parent.
However, it might be confusing to choose a relevant plan when there are so many options available in the market. To make the process easier for you, we will provide you with some easy steps to choose the right mediclaim for pregnancy.
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Here are some things you need to remember to shortlist the plans according to your requirement:
Get a plan with a low waiting period
In general, the waiting period is in between 2-6 years before you can claim the benefits of any mediclaim for pregnancy in India. However, plans vary with different service providers, therefore, if you wish to start a family in the near future then we may recommend you plan with shorter waiting periods.
Sing-up before pregnancy
Most of the pregnancy plans are singed-up after pregnancy. This can mean larger premiums for the policy. Insurance firms have the provision for women to sign-up for maternity plans before they get pregnant.
Coverage Details
While you consider buying a mediclaim for pregnancy, it is crucial to understand the coverage included within the plan. In doing so, you need to consider the expenses related to in-patient hospitalization, which may also include expenses related to post and pre-hospitalization.
Premiums
Prior to choosing any maternity plans to cover the expenses related to pregnancy, it is important to understand the premiums that go with it. Premiums in maternity plans are higher in comparison to normal health insurance plans. Moreover, while estimating the premium, parents’ health is taken into consideration. In general, it is best to opt for the policy early in life so that you do not have to pay hefty premiums later.
Plan Ahead
Many couples would have the question of when to buy mediclaim for pregnancy. It is a significant concern; therefore, experts usually recommend planning and signing up for maternity plans before conceiving a baby. The main benefit of planning is that the waiting period can be served without any issues.
Coverage for newborn
Yes, maternity plans are not only limited to the expenses related to the cost involved in hospitalisation or room rent and doctor’s fees. It also covers expenses of the newborn for a minimum period of 90 days post-birth, which includes vaccination fees and other significant care expenses. Therefore, mediclaim for pregnancy is beneficial for both mother and child.
Comprehensive Benefits
A mediclaim for pregnancy should provide you with the maximum benefits, thus, any insurance expert will advise going for a plan that offers optimum benefit in terms of expenses covered. The objective of the plan is to ensure that it can provide financial security adequately to meet future financial needs.
Get expert help
The insurance market is huge and finding the relevant mediclaim for pregnancy can be confusing. The different features of policies and eligibility criteria can make the process even more complex. Therefore, seek expert help and do not stick to one service provider. We recommend you research the different schemes and choose the one that fits your requirement and budget.
Go cashless
Your journey towards parenthood should be a happy one without any stress, hence, you may choose for maternity plan that covers most of the expenses related to pregnancy. This way, you do not have to worry about cash arrangements or settling expenditures.
Mediclaim for pregnancy is a crucial step in family planning, therefore, choosing the right plan will help you eliminate the financial stress and anxiety while preparing for parenthood. Maternity plans are to protect and care for your family, hence, in the new phase of your life start planning smartly.
