Maternity insurance provides thorough coverage for medical costs incurred throughout pregnancy, including the price of delivery, hospitalization, pre-and postnatal care, diagnostic tests, medications, and newborn baby expenses. Given that pregnancy is an expensive endeavor, maternity insurance policies assist women in planning ahead for the financial needs of raising a child. The financial difficulty may result from maternity-related expenses, especially if there are difficulties with the pregnancy. In such cases, selecting the optimal course of action is crucial without considering costs. A person can receive compensation for costs incurred during these times with the proper maternity coverage.
Health-Guard -Maternity Cover
Health-Guard -Maternity Cover from Bajaj Health Insurance Co. Ltd. is offered by Bajaj Finance and covers treatment costs for women between the ages of 18 and 35 who experience problems during childbirth in life-threatening circumstances. A decent insurance plan is Health-Guard Gold. The most ground is covered. It excludes absurd circumstances. It provides a wide range of advantages, including maternity coverage (after 6 years of buying the policy, of course). Furthermore, it is not expensive. Overall, considering Bajaj Allianz Health Guard Policy for Pregnancy wise choice.
Bajaj Allianz Health Guard Policy for Pregnancy
The costs associated with pregnancy and childbirth are covered by Bajaj Allianz’s Family Floater Health Guard plan. It provides extensive coverage with choices for long policy terms. Every parent cherishes the time during their pregnancy; thus nobody wants to experience any difficulties brought on by the financial crisis at this time. The delivery process can often end up being highly expensive, especially when a caesarean section is required. As a result, purchasing a Family Floater Health Guard Policy can bring you both financial rewards and peace of mind.
Maternity Insurance: What Is It?
Health insurance that covers all costs associated with pregnancy, including those associated with normal and C-section deliveries is known as maternity insurance. Some insurance providers offer maternity insurance policies that cover pregnancies along with pre and postnatal costs as well as newborn baby costs. Additionally, some businesses give their female employees the option of adding maternity insurance as a rider or in addition to the finest health insurance plan.
In India, there is a waiting period that ranges from 9 months to 6 years for all maternity insurance policies. The insured women are not permitted to submit any claims for pregnancy-related costs during this time. As a result, it is advisable that women choose maternity insurance coverage for at least a few years before they intend to have children. Additionally, the waiting period for maternity insurance differs from plan to plan, so people must check it before choosing a maternity cover. affair. Bajaj Allianz Health Guard Policy for Pregnancy is one of the best policy available in India.
Eligibility for Bajaj Allianz Health Guard Policy for Pregnancy
Entry Age: Entry age for Bajaj Allianz Health Guard Policy for Pregnancy is 18-65 years.
Waiting Period: The waiting period for Bajaj Allianz Health Guard Policy for Pregnancy is 72 months.
Insured amount: The sum insured for Bajaj Allianz Health Guard Policy for Pregnancy is 3 lakhs to 1 crore.
Plan Validity: The plan is valid for a tenor of one year.
What is the inclusion of the Bajaj Allianz Health Guard Policy for Pregnancy?
The following benefits are included in Bajaj Allianz Health Guard Policy for Pregnancy:
- Hospitalization Coverage: Under life-threatening circumstances, hospitalization coverage provides compensation for any pregnancy-related complications.
- Accommodation coverage: Rent for the Room Regular and ICU single private rooms are reimbursed at actual costs. All additional fees are capped by the room rent. After a 4-year waiting period, disorders that potentially cause pregnancy difficulties are covered.
- Delivery & labour expenses: Vaginal delivery and related expenses are covered.
- C-section delivery: C-section deliveries often cost between Rs 40, 000- Rs 8000 which is more than vaginal deliveries. And this amount varies from hospital to hospital. Due to the fact that a C-section is a major procedure that necessitates anesthesia, prolonged hospital stays, and greater rates of morbidity and mortality. These charges are covered.
- In-patient hospitalization expenses: This insurance plan covers hospitalization costs (such as nursing costs, doctor’s fees, room rent, ICU costs, OT costs, oxygen, blood, etc.) if the patient is admitted for an injury or disease that requires more than 24 straight hours in the hospital.
- Pre or post-natal care expenses: Expenses occurring for new-born are covered.
- Newborn baby expenses: The newborn baby is also covered for up to the first 90 days under this health insurance plan. Your baby will be protected under the normal coverage after 90 days if you pay an additional premium.
- New-born defect coverages: If your child is found to have down syndrome or cerebral palsy, this policy will pay you a lump payment.
- Medically necessary termination expenses: If in any case, the pregnancy is lethal to the mother or the kid, the doctors recommend doing a termination. In such cases, the charge associated with the termination is covered under the plan.
- Baby’s vaccination expenses: The vaccination charges for the child are covered.
- Pregnancy complications: Every complication related to the entire pregnancy and the treatment expenses under this session is completely covered by the Bajaj Allianz Health Guard Policy for Pregnancy.
- Stem cell preservation: If any claimer wishes to do stem cell preservation related to their pregnancy, the amount can be claimed.
- Ambulance coverage: If the policyholder needs to be hospitalized due to a medical emergency, this plan will cover all related costs (up to Rs. 1000 per hospitalization).
What is the exclusion of the Bajaj Allianz Health Guard Policy for Pregnancy?
The following costs are not covered by Bajaj Allianz Health Guard Policy for Pregnancy:
- IVF for ectopic pregnancy: The major cause of maternal morbidity and mortality during the first trimester is an ectopic pregnancy (EP), and the incidence rises sharply after IVF and embryo transfer (IVF-ET). The charges associated with IVF for ectopic pregnancy are not covered by the plan.
- Stem cell collection: The main cells in your body are stem cells. They are the master cells of the body and serve as the foundation for our tissues and organs. In other words, they are the cells by which all other body cells having specialized functions like brain cells, blood cells, muscle cells, and bone cells are generated. The amount varies from city to city and hospital to hospital. Generally, in India, the cost of Stem Cell collection varies between Rs. 50,000 to Rs. 70, 000. This expense is not covered by the plan.
- Prior-hospitalization costs: The hospitalization charges before the delivery, whether it is normal vaginal delivery or c- section, are not covered under the plan.
- Hospitalisation costs after. The hospitalization charges after the delivery, whether it is normal vaginal delivery or c- section, are not covered under the plan.
- Medical examinations and advice sought before birth: Any medical examinations, techniques, pieces of advice, or counseling attained in any hospital are not covered under the plan.
- Regular examination: Regular check-ups or examination charges are not covered under the plan.
- Hospital financial benefit for surrogacy: Any benefit regarding surrogacy won’t be available.
How to get Bajaj Allianz Health Guard Policy for Pregnancy?
The methods listed below can be used to purchase the Bajaj Allianz Health Guard Policy for Pregnancy on the company website:
- Enter the necessary information, including your name, phone number, and then select “View Plans.”
- Choose a care plan called “ Bajaj Allianz Health Guard Policy for Pregnancy.”
- The member who must be insured, the member’s age, and the position they hold.
- Decide on the coverage amount or sum insured.
- With only a few clicks, you can quickly and easily secure your maternity health.
- Your registered email address will get the policy documents and policy information, such as the e-card and policy number.
Claim procedure of Bajaj Allianz Health Guard Policy for Pregnancy
Simply follow the steps below to submit a claim under the Bajaj Allianz Health Guard Policy for Pregnancy.
- Inform the insurance provider of the medical emergency or claim by calling the company’s 24-hour hotline.
- Provide your policy number and identification.
- Before 24 hours after a planned hospitalization, notify the insurer
- The network hospitals offer cashless hospitalization coverage.
- The insured must pay the costs of treatment at non-network hospitals before requesting reimbursement.
- The submission of the necessary documentation is a condition for claim approval.
- The claim amount will be settled directly with the hospital in the event of a cashless claim.
In a reimbursement claim, the claim sum will be reimbursed to the policyholder upon document submission and verification.
The Bajaj Allianz Health Guard Policy for Pregnancy claim process is comparable to that of the majority of the company’s health insurance plans. The insured may call the business’s 24-hour helpline for any assistance or information. In the hospitals in the company’s network, a cashless option is available. There are no external administrators present. By providing the necessary hospitalization-related papers, policyholders can raise a claim with the company directly. The insurer will validate the claim and issue payment after receiving the necessary papers.
Cancellation of Bajaj Allianz Health Guard Policy for Pregnancy – Policyholders have a 15-day free look period during which they may terminate their insurance. The sum will be refunded by the insurance company less the proportionate risk premium for the term of coverage, the cost of the medical exam, and the stamp duty fees.
Take away
Even while motherhood has many difficulties, it also gives women the most thrilling moments since they get to welcome a new life into the world. An expertly crafted maternity insurance plan for expectant moms and new parents is Bajaj Allianz Health Guard Policy for Pregnancy. This health insurance program offers numerous interesting benefits for new moms and their infants. Whether a woman has a vaginal delivery or a cesarean section, this insurance plan will cover all maternity-related costs. A sum assured of Rs. 3 to 5 lakh is offered by the Bajaj Allianz Health Guard Policy for Pregnancy. Both an individual and a floater version of this plan are offered.
With a robust network of top hospitals for cashless treatment, outstanding customer care, and the ease of hassle-free claim & simple processing, Bajaj Allianz Health Guard Policy for Pregnancy has carved out a niche for itself. Bajaj Allianz Health Guard Policy for Pregnancy should be taken into consideration if you are primarily looking for one because not all health insurance plans cover maternity and new-born care. You can take pleasure in parenting while Bajaj handles the rest of your financial issues with the Bajaj Allianz Health Guard Policy for Pregnancy.