Can i buy maternity insurance if i am already pregnant?
Technically, maternity insurance only covers pregnant women who have not yet given birth. So
if you are already pregnant, you would not be eligible to purchase maternity insurance.
In Singapore, it is not possible to buy insurance once you are already pregnant. This is because
insurance companies consider pregnancy to be a pre-existing medical condition. As a result, they
are not required to provide coverage for maternity care. However, there are some alternatives
that expectant mothers can explore. In addition, most employers in Singapore provide some form of maternity leave, which
can help offset the financial burden of taking time off work during pregnancy.
Ultimately, the situation is different for every expectant mother, and it is necessary to look for all available options in order. to find the best solution for your individual needs.
Should you consider buying it?
While many health insurance plans offer some coverage for pregnancy and childbirth, the costs
associated with these services can still be high. Maternity insurance can help offset some of these
costs, making it easier to afford the care you need during and after your pregnancy. Additionally,
some such insurance plans offer additional benefits like fertility treatments and well-woman
care, which may not be covered by your regular health insurance plan.
Different kinds of maternity
insurance
There are a few different such insurance plans available in Singapore, but some of the top ones
include the GREAT Maternity Care, the NTUC Income Maternity Plan, and the AXA
Insurance of Mandatorily Convertible.
For example, offers a scope of inpatient and outpatient
care, while the NTUC Income Maternity Plan offers a higher coverage limit for hospitals.
Meanwhile, the AXA Mandatorily Convertible Insurance plan gives you the option to convert
your policy into a permanent life insurance policy once your child is born.
How to know whether you need
maternity insurance or not?
With the baby insurance, when you purchase maternity protection there are interesting points
before really making a buy. Here we have discussed every such thing.
Can you bear the cost of medical bills?
It’s important to consider whether you can afford potential medical bills before buying maternity
insurance. Maternity insurance is designed to help you pay for medical costs associated with
childbirth, but it doesn’t cover all costs. So, it’s important to make sure you have enough savings
to cover the costs that your insurance policy doesn’t cover.
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In addition, it’s important to remember that not all pregnancies are complication-free. So, even if
you have maternity insurance, there’s a chance that you could still end up owing a lot of money
to medical fees.
Can you bear the number of premiums?
There are a few important reasons to consider whether you can afford a premium for maternity
insurance before you buy it. One reason is to have high
premiums, and many people cannot afford to pay for them. In addition, most maternity policies
do not cover the full cost of pregnancy and childbirth. This means that if you have a policy and
need to use it, you may end up paying a lot of money out-of-pocket.
Another reason to consider whether you can afford a policy’s premium is that some policies only
cover pregnancies that occur within a certain time frame or during specific years.
What are you normally stressed over?
Since the primary concern of insurance is to get yourself extra inner harmony, conclude what
you are generally stressed over and gauge the possible expenses of treatment for the condition or
occasion against the expense of the maternity plan charge to check whether everything will work
out for the best to take up.
Certain plans have extraordinary features that might take care of your particular requirements. A
few plans likewise give a payout to short term phototherapy treatment for serious neonatal
jaundice, or for mental well-being care for the mum.
Other unique features incorporate inclusion for formative delays of the child or passing of the
mother or child because of clinical carelessness. One more highlight note is that maternity plans
are either independent plans or packaged with other insurance items, for example, life insurance.
Aviva, Great Eastern, and Manulife offer the choice to buy specific designs for the child within
something like 90 days of birth without the requirement for a clinical claim. (buy maternity insurance)
