Complications and other unexpected circumstances should never interfere with the joy of pregnancy. The possibility of such complications should encourage you to protect your baby and yourself during the gestation period. This article samples some of the best pregnancy insurance Singapore; you can take advantage of to remain safe.
Do you really need pregnancy insurance?
Perhaps the best place to start answering this question is by understanding what pregnancy insurance means and what it entails. Pregnancy/maternity insurance is the cover you get for the period that you are expectant. Usually, the insurance covers the period between signup and delivery. However, some providers offer bundles that offer post-natal protection.
Oftentimes, insurers in Singapore accept applications for pregnancy insurance when the mother-to-be is between 13 and 36 weeks pregnant. Primarily, pregnancy insurance protects policyholders against complications that might arise during the term. Common complications that providers address include amniotic fluid embolism, stillbirth, ectopic pregnancy, acute fatty liver of pregnancy, placenta increta, and eclampsia, among many other complications.
In addition, the policies cover hospital care for the mother and the baby and congenital illnesses that might afflict the newborn. Some of the best pregnancy insurance Singapore offers hospital benefits for mothers that include post-natal anemia, pulmonary embolism, puerperal pyrexia, inpatient psychiatric treatment, Septic pelvic thrombophlebitis, and uterine infection, among others.
The policies offer specialized cover for the infants for various congenital issues that might arise after birth. For instance, NTUC Maternity 360 covers 23 congenital illnesses. Some of the illnesses covered include the absence of two limbs, anal atresia, cerebral palsy, congenital blindness, and congenital cataract. In addition, the policy offers death benefits for the infant as well as outpatient phototherapy benefits.
What should you look out for in pregnancy insurance?
The best pregnancy insurance Singapore offers comprehensive cover for you and the baby. You should be able to achieve maximum peace with such policies under any circumstance that befalls your gestation period. Let us see the critical items that make up an awesome policy.
1.Look out for the conditions the policy covers.
Different providers offer bundles that cover a range of conditions and complications. Depending on your situation, you should look around for policies that best suit you. For example, NTUC Maternity 360 covers four major items; pregnancy complications during the term of gestation, hospital benefit for mother and child, the death benefit for mother and child, and congenital illness for the child.
On the other hand, AIA Mum2Baby medical protection offers many more benefits. In addition to covering pregnancy complications, hospital and death benefits for mother and child, and congenital illnesses, this bundle provides lifelong protection for the baby. The policy comes with a pre-natal rider called AIA Baby Protector. This rider upgrades the AIA Mum2Baby base plan to AIA Pro Lifetime Protector (PLP). Interestingly, PLP comes with an investment-linked plan designed to bolster the investments of the mother.
In a nutshell, the best pregnancy insurance Singapore should cover four things; outpatient services like prenatal and post-natal hospital visits, inpatient services like hospitalization for the mother and child, newborn infant care, and lactation counseling.
2.How much does the policy cost?
It is never a waste of time to try to compare policies. Oftentimes, providers cost their bundles differently depending on the benefits they offer. You might not be surprised to get a comprehensive cover that is cheaper than some incomprehensive bundles.
To determine the cost of the policy, consider four aspects of the bundle’s cost. First, check out the premiums payable. A good policy does not have expensive premiums. Secondly, look out for deductibles, if any. Normally, policies that demand deductibles cannot be active until the amount is paid in full. Note that the deductible is not part of the premiums.
Third, find out if the bundle includes co-pay. This differs across providers, and it affects the cost of the cover significantly. Fourth, find out the maximum expense or out-of-pocket cost you might incur whenever you pay for your medication. Similarly, this item significantly affects the ultimate cost of healthcare.
3.Does the policy cover prescriptions?
During and after the pregnancy, you might need to take in many tablets of prescription drugs. Given the cost of medication in Singapore, you might want to ascertain the possibility of the policy helping to shoulder some amount.
Here are some of the best pregnancy insurance Singapore you might want to check out
- AIA Mum2Baby Choices
This is one of the cheapest policies available in Singapore based on the premiums payable. Policyholders have to pay only $325 for moms under 30 years old. This policy covers ten pregnancy complications and 23 congenital illnesses. In addition, this policy is one of the very few that offer IVF coverage as well as coverage for twins. Another advantage of the policy is that a mom can transfer the ILP to the child in 60 days after birth.
- AXA Mum’s Advantage
This policy comes with two unique plans, one for medical protection and another one that is investment-linked. Particularly, policyholders can use the policy to bolster their investments, and they can transfer the policy to their children easily. Mum’s Care is one plan focused on protecting the mum and the child in the hospital. On the other hand, INSPIRE FlexiProtector is another plan which is an ILP transferable to from the mom to the child.
- Aviva MyMaternityPlan
This is one of the best policies available to mothers in Singapore. Aviva’s policy offers coverage for ten pregnancy complications, death coverage for mother and child, and 23 congenital illnesses that might afflict the baby. A crucial advantage of the policy is that policyholders can make more than one claim. In addition, Aviva MyMaternityPlan is one of the very few policies that offer outpatient phototherapy benefits, stem cell treatment, and developmental delay benefits.
- NTUC Maternity 360
Just like Aviva MyMaternityPlan, NTUC Maternity 360 offers outpatient phototherapy benefits. In addition, the policy covers both mother and child comprehensively. Other advantages of the policy include simplified underwriting in cases where the mother or child has critical illnesses.
- PruLady (Maternity Cover Plus)
PruLady is the only policy that covers 15 pregnancy complication conditions. The policy offers comprehensive hospital benefits for mother and child even when the pregnancy yields twins. In terms of hospital care benefits for the mother, the policy offers 1% of sum assured per day and capped at 30 days if awarded for 13 insured events.
Conclusion
Every Singaporean would like to enjoy motherhood. As such, many expectant mothers are looking for the best pregnancy insurance Singapore to assure safety for them and the newborn baby. However, it is prudent that you get to know the critical issues to look out for to identify the most desired policy. This article outlined these items and followed that up with a list of policies that will not disappoint you.
