Maternity insurance is a necessity for comprehensive healthcare

In Singapore, where healthcare standards are high and family planning is a significant aspect of life, the need for maternity insurance has gained popularity. Maternity insurance offers comprehensive coverage and peace of mind during the transformative journey of pregnancy and childbirth. This article will explore why maternity insurance is an important component of comprehensive healthcare. 

 

  • Comprehensive coverage:

 

One of the primary reasons to consider maternity insurance is its comprehensive coverage for pregnancy. Maternity insurance makes sure that expectant mothers receive the necessary medical care when needed. The hospital care benefit of maternity insurance offers a daily sum assured for up to 50 days of hospitalisation should the mother experience certain conditions. Depending on the coverage chosen, mothers can also receive a payout on hospitalisation or intensive care unit admission. 

 

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  • Coverage for pregnancy-related complications:

 

Pregnancy, though a joyous occasion, can sometimes be accompanied by unforeseen complications. Maternity insurance provides coverage for such complications, offering comfort in the event of unexpected medical issues. Having maternity insurance makes sure that the family is prepared for any eventuality, reducing stress and allowing the focus to remain on the health and well-being of both the mother and the new-born. 

 

  • High healthcare costs:

 

Singapore is known for its high-quality healthcare system, but it comes with a cost. The expenses associated with maternity care, especially in private hospitals, can be significant. Maternity insurance acts as a buffer, making sure that parents receive the best care possible and allowing parents to focus on their new family member’s well-being. Having maternity insurance offers peace of mind and makes sure that parents can access quality healthcare without compromising their financial stability. 

 

  • Protection for the child

 

While maternity insurance focuses on the health of expectant mothers, it also protects the well-being of the child. It provides coverage for various congenital illnesses such as Down Syndrome. The child will also receive a daily sum assured for up to 25 days of hospitalisation against conditions like Hand, Foot and Mouth Disease, premature birth, etc. Individuals can receive financial support in case of serious cases of hospitalisation. Parents have the option of protecting their baby’s healthcare needs by signing them up for a health insurance plan within 14 to 90 from the birth of the child without medical underwriting. 

 

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  • Family planning and peace of mind:

 

Maternity insurance often includes support for family planning initiatives. It provides coverage for assisted pregnancies, such as In Vitro Fertilisation (IVF). This inclusion of family planning support makes maternity insurance an ideal choice as it addresses the diverse needs of expectant parents. Having maternity insurance offers peace of mind, knowing that you have taken the steps to secure your family’s financial future and well-being. 

 

The need for maternity insurance in Singapore is driven by the desire for comprehensive healthcare, financial security and positive maternity experience. With its coverage of pregnancy, maternity insurance stands as a necessity for expectant parents. As families embrace the importance of healthcare planning, maternity insurance plays a vital role in making sure parenthood is a smooth and secure journey for parents.

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