Maternity insurance provides cover for hospitalisation expenses of the expectant mother and the cost of delivery, both normal and Caesarean. The policy also covers costs relating to pre- and post-hospitalisation as also costs of pre- and post-natal care. The policy also covers the new-born baby up to a specified time limit. If there are any complications during delivery, the policy will provide cover for the expenses incurred for treatment of any complications. The insurance policy also provides the ambulance charges for carrying the expectant mother to the nearest network hospital.
It is necessary to remember that the maternity cover under the policy comes with a long waiting period of 36 to 72 months, so it is necessary to buy the policy well in advance. However, Religare Health Insurance has drastically reduced the waiting period to just nine months.
The policy also specifies the maximum that will be paid towards maternity cover, which may range from Rs 50,000 to Rs 1 lakh. All expenses beyond the maximum amount has to be borne by the insured and/or by her family. Hence, one needs to read the policy document carefully to ascertain the maximum maternity cover provided by the policy.