Thread by @BimaPeBharosa

Let’s talk about Maternity #Insurance

Bringing a child into the world is a magical experience. But it's also very expensive. And unfortunately, your regular #HealthInsurance policy may not cover pregnancy and childbirth expenses.

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The reason is that Health Insurance covers unforeseen medical expenses, and getting pregnant is a very real possibility for most couples.

But don't fret- you can opt for maternity insurance as an add-on. This usually covers:

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1) Hospitalisation, as well as pre and post-hospitalization expense
2) Delivery expenses
3) Pre and post-natal expenses
4) Treatment expenses for children born with congenital conditions

Keep in mind:
1) Maternity Insurance is expensive as there is a very high claim ratio

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2) You can't get it if you're already pregnant- it's treated similar to a pre-existing condition

When should you get Maternity Insurance?

There's a long waiting period for this- usually 3-4 years. So if you want children, you should get this policy as soon as possible

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However, some insurers are now offering shorter waiting period if you’re willing to pay a higher premium

Find out exactly what your Health Insurance policy covers and what it does not cover with Know Your Health Insurance by BimaPe: bit.ly/3udMs6x

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#BimaPeBharosa