Maternity insurance plans with no waiting period mean that the policyholder can claim medical coverage for maternity from the date of inception of the policy without having to wait for a waiting period to get over. Where waiting period is the duration of the policy term in which the policyholder cannot claim any benefit which is related to maternity expenses, having no waiting period means that you do not have to wait to get medical assistance against your maternity-related bills. Maternity insurance coverage with waiting period is tailored specially to prevent last-minute buying of the policy, instead, it encourages the policyholder to buy the policy way in advance, which will ensure proper coverage throughout the pregnancy period.
Well, the answer to this question is ‘No’. At present, every maternity insurance plan has a waiting time. Maternity coverage under standard health insurance policies too, does not consist of a zero waiting period. So, if you intend to build a family soon, plan it ahead by buying a maternity plan. This will help you as well as your family to bear the heavy expenses. You will get all the benefits of the plan such as pre and postnatal care, c-section surgery, medication, doctor consultations and many more covered. And in some cases, companies also provide coverage for the newborn.
But, there might be a little relief hearing that the waiting period for maternity insurance can sometimes be reduced. Some insurance providers offer a reduced waiting period as a benefit, while others allow policyholders to choose a reduced waiting period for an additional premium. It is important to carefully review the terms and conditions of a policy before purchasing to understand the waiting period and any options for reducing it.
Out of all health insurance coverages, maternity insurance always comes with a waiting period. Following are the reasons why: