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While a maternity insurance may cover a host of pregnancy related expenses, there are few things the policy may not cover. This includes expenses arising due to harvesting and storage of stem cells when carried out as a preventive measure against possible future illnesses. The cover is also often only limited to the birth of two children.
Hospitalisation expenses are skyrocketing and medical inflation in India is in the double digits. The average cost of delivering a baby typically ranges between Rs 50,000-70,000. This could be higher in private hospitals or in the case of complicated deliveries. Taking a health insurance plan that has a maternity cover can take care of these expected expenses instead of paying out-of-pocket during hospitalisation.
What are the inclusions and exclusions of maternity health insurance?
The benefits offered under a maternity cover may vary from insurer to insurer.