7 Mistakes to Avoid While Buying a Maternity Insurance.

Not all health insurance policies cover maternity-related expenses under the base plan. So, if your health insurance plan doesn't cover maternity-related costs, you can opt for maternity cover as a rider for a little extra premium. Hence, it is important to first check if your health insurance covers maternity expenses and then choose to buy a rider accordingly. You can find the inclusions of a health plan by reading through its policy wordings. Read the policy terms carefully to avoid surprises
later on.

We all love to save our hard-earned money. But, choosing a low-cost maternity cover will only decrease the scope of coverage you receive under the plan. The cost of the plan is usually proportional to the extent of coverage. Meaning, that the lower the price you pay, the lower the sum insured and the resulting coverage. The costs associated with maternity are unpredictable. In the unfortunate event of complications during pregnancy or delivery, you may require specialized procedures. These may be expensive, but crucial. That is why we recommend that you choose a plan that has a reasonable sum insured, according to your budget and requirements.

Infant ka baat karna uncomfortable at the moment.. but it is important to address the significant issue. While looking for maternity insurance, you may overlook coverage for your baby. It is important to make sure that your baby also receives coverage under the plan, not just you. Because not all insurance plans offer newborn baby coverage. So, you have to check with the insurer or read the policy wording of a plan to find out if this is an inclusion. For example whether the day one cover of the baby is included.

Sub-limit usually refers to a fixed monetary limit you will be subject to while availing of a claim for a particular condition. This fixed limit may be a specified amount or a percentage of the sum insured. For eg . There could be a sub-limit of Rs 2,500 per day on room rent, or there could be one percent of the sum insured per day for room rent. Usually, lower the sub-limit, lower the premium charged, and vice versa. However, if you choose a plan with a low sub-limit, you will have to pay for most of the expenses from your pocket. That is why it is better to choose a maternity insurance plan with a high or no sublimit. That way, you don’t need to worry about managing funds during
pregnancy.

One of the biggest mistakes people often make when purchasing any type of insurance is not reading all of the fine print in order to ensure they understand what exactly their policy covers. With maternity plans there may be hidden exclusions or limits which could restrict your access to certain benefits or treatments - always read through everything to get an idea of what's covered before signing on the dotted line! Check what's covered and not covered in the plan, such as specific procedures like a cesarean section. Compare multiple plans before making a decision and ask questions about anything you're unsure about.

Some policies may restrict coverage for certain pre-existing conditions such as high blood pressure, diabetes or advanced age (i.e., over 35). If the policy has restrictions on these types of situations it may not provide adequate coverage if needed during delivery or postpartum care. Therefore, it is important to read all terms carefully before signing up so there are no surprises later on down the road!