Policybazaar and Aditya Birla Health Insurance have teamed up to introduce a revolutionary product called the Health Booster Maternity Cover Rider. This new rider is unique because it has the shortest waiting period in the industry—just three months! This means that expectant parents can access maternity insurance coverage quickly and affordably.
What is the Health Booster Maternity Cover Rider?
The Health Booster Maternity Cover Rider is designed to give families a reliable financial cushion during the exciting journey of parenthood. By adding this rider to an existing health insurance policy, individuals can receive a fixed benefit of ₹50,000. This amount is available for all types of deliveries, whether you choose a normal delivery or a cesarean section.
Key Features of the Maternity Cover
Here are some important details about this maternity insurance plan:
- Affordability: The cost of the maternity cover is ₹25,000, which includes GST. This makes it accessible for many customers.
- Entry Age: The rider is available to anyone aged 18 years and older, making it easy for young couples and first-time parents to sign up.
- Comprehensive Coverage: The plan covers both natural and cesarean deliveries, ensuring that you are financially protected no matter how your baby arrives.
- Waiting Period: To activate this coverage, there is a minimum waiting period of three months before you can make a claim.
- Not Standalone: It’s important to note that this maternity rider can only be added to an existing health insurance policy and cannot be purchased separately.
How Does the Pricing Work?
When you opt for this rider, the premium you pay for it is separate from your base health policy premium. For example, if your base health insurance premium is ₹10,000, you will need to pay an additional ₹25,000 for the maternity cover. This makes your total premium ₹35,000.
Why is This Plan Important?
Sarbvir Singh, the Joint Group CEO of PB Fintech, highlighted the growing demand for maternity insurance among people aged 25-35. He mentioned that over 65% of customers seeking this coverage are already expecting when they start their search. This new plan is set to fill an important gap in the maternity insurance market.
Mayank Bathwal, CEO of Aditya Birla Health Insurance, emphasized that this rider is part of their Health-First model. He believes it offers timely protection to young couples and parents-to-be, allowing them to focus on their journey to parenthood with peace of mind.
Conclusion
In summary, the Health Booster Maternity Cover Rider from Policybazaar and Aditya Birla Health Insurance is a fantastic option for expectant parents looking for quick and effective maternity coverage. With a short waiting period, comprehensive benefits, and an affordable price, this rider could be the perfect addition to your health insurance plan. If you’re planning to start a family, consider adding this rider for peace of mind during this exciting time!
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