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Maternity Health Insurance and its Important Terms

The ‘Good News’ about the arrival of a newborn baby is an exciting and joyful moment for the married couples. The celebration comes along with the responsibility of parenthood, that starts with the planning for care during the pregnancy period and successful delivery of the baby.

The ‘Good News’ about the arrival of a newborn baby is an exciting and joyful moment for the married couples. The celebration comes along with the responsibility of parenthood, that starts with the planning for care during the pregnancy period and successful delivery of the baby. The cost of delivery could go as high as Rs. 50000 in case of complications. Hence it is wise decision to avail the health insurance plan that covers the maternity expenses fully. Below are the key points to consider regarding maternity health insurance.

The Waiting Period

You cannot get the benefit of maternity health insurance if the insured is already pregnant. The most health insurance policy applies the waiting period of Nine months to two years before you can claim maternity expenses. It is advisable to avail the maternity health insurance as soon as you get married, so you can utilize it when you actually need it.

The Coverage

The usual coverage under maternity health insurance includes the hospitalization expenses if the stay in hospital is more than 24 hours. The approved expenses are room charges, doctors’ consultation fees, medicines supplied during delivery and other maternity-related expenses. Pre and post-natal expenses like ultra-sound, consultation fees, medicines, regular investigation charges are also payable. The expenses incurred up to 90 days from the date of birth of the baby are also part of approved expenses in maternity health insurance. This feature helps to cover the healthcare of the newborn baby. Most policies cover regular delivery as well as the delivery involving C-section surgery.

Sub Limits

Almost every health insurance companies apply the limit for the sum payable as a percentage of the total sum assured. For example, if the sub-limit for the maternity-related expense is mentioned as 10% for Rs. 5 lacs health insurance, the maximum amount payable for maternity expense is Rs.50000. Some companies put a cap of fixed amount irrespective of the sum assured in the main policy. If you are young couple planning for the family in the coming years, you should examine the sub-limit for the maternity cover carefully in your health insurance.


There are several exclusions related to maternity health insurance policy. The maximum eligible age is 45 years, that should be sufficient for most applicants. The ectopic pregnancy is not covered entirely. The expenses incurred during the first 12 months of pregnancy are not covered if the pregnancy is terminated prematurely by the woman through her wish. If the insured is already pregnant at the time of availing the health insurance policy, the expenses related to maternity are not eligible for the benefit. Any congenital disease is also excluded from the maternity health benefits.

How to Avail Maternity Health Insurance?

If your employer gives you group health insurance policy, you can check whether maternity benefit is the part of policy coverage or not. Most employers nowadays prefer to include this benefit for women employees. You can also check your regular health insurance policy, or if you have still not availed health insurance policy, you can buy the same with add-on rider for maternity benefits. The companies like Bajaj Finserv also offer standalone maternity health insurance to cover you exclusively for the maternity expenses. You can explore more details on the website of Bajaj Finserv.

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Accidents are a part of life, but more often than not, you don’t prepare for them as well as you should. Instead of scrambling at the last moment, it is important to consider buying a personal accident insurance policy. This provides monetary cover to ensure you and your family members can take care of medical expenses during such accidents without feeling a strain on your finances. In the event of an unfortunate demise, this insurance cover secures your family's future as well.

Once you have decided to take steps to protect yourself and your family by opting for personal accident insurance cover, consider buying the Personal Accident Insurance provided by Bajaj Finserv. With it you can enjoy reimbursement of up to 40% when you make a valid claim, along with several other benefits such as a hospitalisation allowance or a 10% premium discount if your policy covers two or more members, as well as a child education bonus.

Take a closer look at why investing in a personal accident insurance is a smart move.


Protect yourself from disability

In the unfortunate situation that you meet with an accident and face total permanent disability, you can get up to 125% compensation of the sum insured when you buy personal accident insurance. This is offered to you as a substitute to your income in case your disability renders you incapable of pursuing a job. Similarly, if you’re confined to a hospital owing to an accident and this is affecting your income, you can claim Rs.1,000 per day for up to 30 days when you choose Bajaj Finserv.

Enjoy a low premium and easy claim process

A primary benefit of personal accident insurance is that its premiums are extremely affordable. Typically, you can get an insurance cover of Rs.10 lakh at less than Rs.1,000 per year based on the issuer, plan and number of add-ons that you select. You can claim the amount by providing evidence of your injuries without any hassles. When you buy this policy from Bajaj Finserv, you also get a bonus of 10–50% for every claim-free year, along with easy settlement within 7 days of submitting your claim.

Get accidental death cover

If you sustain injuries that result in your untimely demise, the nominee receives the insured amount as compensation. These funds can help pay utility bills, fund your child’s education, cover unforeseen costs and provide financial security to your family.

Get child education cover

In addition to medical compensation, in the event of death or permanent disability, your children’s education costs are taken care of as well. When you take personal accident insurance from Bajaj Finserv, your family can claim 10% of capital sum insured for this purpose or get Rs.5,000 per child under the age of 19 years, whichever is lesser.

Now that you know how health insurance and personal accident insurance policies protect you, invest in it without any delay. Research the issuer and check the exclusions of the policy to know exactly what’s covered and what isn’t. To simplify and speed up buying insurance, check your pre-approved offer from Bajaj Finserv and use it to apply fast and hassle-free. Apart from this, also consider adding child personal accident insurance to strengthen the protection you offer your family. 

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