What does the term “Maternity Benefit” mean?
According to Maternity Benefit Act, 1961, “Every woman shall be entitle to and her employer shall be liable for the payment of maternity benefit at the rate of the average daily wage for the period of her actual absence immediately preceding and including the day of her delivery and for the six weeks immediately after the delivery”.
Maternity insurance is extremely important for the ladies during their maternity time or period as it protects their employment. It also entitles them to ‘maternity benefit’.
Why is Maternity Insurance important?
Because of the following reasons, this medical insurance is extremely important:
- Financial protection and economic benefits during the maternity period
- For Pre and Post hospitalisation expenses
- For Natal care- pre and post
- For expenses of delivery(both for normal and caesarean deliveries)
- Ambulance charges
- Maintain the well being of women and their children
What is all cover in Maternity Insurance?
Refer to the following things that are cover under any maternity insurance.
- Delivery Costs
All the delivery charges and costs are include in this insurance. These also have coverage in cases of post-delivery complications.
- Pre and post natal coverage
This insurance also covers the expenses for the ultrasounds, medical scans, the regular check-ups and all the post-delivery expenses. All the vaccinations for the newborn baby are also include in the maternity insurance cover.
- Newborn coverage
In the cases wherein the newborn baby has any kind of critical illness, then the coverage is provid. But, not all maternity insurances have it.
All of these help to keep the family prepare financially for any kind of medical requirement. For good quality healthcare services, it is better to have maternity insurance that could benefit the health of mother and child both.
What is not cover under the Maternity Insurance?
- Any kind of pre-existing disease
If it is determin that the woman has any kind of pre-existing disease because of which she had to be hospitalized. Because of which there were medical expenses or she had to undergo some kind of treatment for that, then there is no payout for the same.
- Any Congenital Disease
If there is any kind of congenital disease that the pregnant lady has. Then no payout is given.
- Infertility-treatment expenses
If there are costs incurre because of infertility tests and any other medical expenses relate to the same. Then no payout shall be given to the insurance holder or the family.
- Medical and medicine costs out of purview of treatment
If there are costs incurre because of medicines and other medical treatments out of the purview of the main treatment or reason. Then no coverage or no payout shall be provid to the person or the family.
- Consultation fees and other regular/frequent check-ups
In the cases wherein the female is going to the doctor for frequent check-ups and incurs the consultation. fees for the same, then those costs are not include in the Maternity Insurance policy. No payout will be provid in those cases.
What is the waiting period for Maternity health insurance?
The initial waiting period for any health insurance relate to maternity cover is for 30 days. During these 30 days, no claims shall be entertain by the insurance provider.
Most of the companies do not offer health insurance if a woman is already pregnant.
Summing Up
So by now you must have understood the significance of having maternity insurance. It is not just for the benefit of the health of the mother and child, but also for the financial assistance and coverage for the policyholder and the family. But it is very important to know about what all is included in the insurance policy to have a clear picture before going for it. And this article helps you for the same.
