What is Maternity Insurance?
Maternity insurance is a type of health insurance that is designed to cover the medical expenses related to pregnancy and childbirth. It typically covers the costs of prenatal care, delivery, postnatal care, and other related medical services.
Why is Maternity Insurance Plan?
Maternity insurance is a type of insurance that pays for insured members' medical expenses due to accident, illness, or injury. It is an indemnity-based agreement under which the insurer promises to bear the hospitalisation costs, OPD charges, doctor’s fees, medications, and other medical bills concerning the insured. The importance of Maternity insurance has shot up in the last few years due to the alarming spread of lifestyle diseases among people at all stages of life.
- the maximum amount the insurer would pay to the policyholder during a medical emergency.
- the maximum amount the insurer would pay to the policyholder during a medical emergency.