Maternity Insurance

Maternity insurance is not as popular as general medical insurance. Due to the availability of maternity benefits and compensation from the employer people generally refrain from opting maternity insurance. Though family practitioners have their own clinics they do not practice obstetrics like olden days.

Pregnant women should select proper and skilled obstetrician and gynecologists. Maternal care and services are available in plenty. Family physicians do not practice obstetrics because they are not furnished with proper reimbursements or insurance.

Raising cost of expenditure in lower and middle income groups focus many problems during maternity period. Under some group covers that are specified insurance benefits during maternity is provided. Around 450 maternity insurance policies were sold out last year.

Pregnancy related hospitalization like surgery expenses that crop up due to complications pre and post natal hospitalization for a period of 60 days are taken care by the maternity insurance under specified group coverage. Maternity insurance does not come under all general insurance. Monthly checkups and termination of pregnancy if any during first 12 weeks will not be covered under maternity insurance.

The waiting period of nine months must be completed according to the conditions of the coverage to avail subsequent maternity insurance. According to the new sources expenses related to hospitalization during maternity can be sanctioned up to maximum amount of Rs 50000/-. Monthly medical expenses and cost of medicines should be borne only by the pregnant woman.

The sum assured in case of maternity insurance will be Rs 1 lakh. Location of the organization industry to which the woman is attached past medical leave records will be taken in to consideration. Claims extended by the insurance company vary from one industry to the other industry. IT companies expects a higher claim than the manufacturing sector. Location will be given importance. Medical expenses in Mumbai are rated to be high when compared with other cities.

Group Mediclaim insurance policy covers maternity insurance also. Under this specified group cover medical expenses and hospitalization related to pregnancy is met up to the maximum amount of Rs 50000/-. Thus maternity insurance will be useful certain people according to the payment of the premium amount.

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