Compare Maternity Insurance Singapore

There’s only single premium option to protect the mother and child for a minimum period of 3 years.

It is not compulsory to get a maternity insurance plan, but it may be necessary if you’re concerned with the cost of pregnancy complication, the pay outs from maternity insurance during such scenario will provide a much-needed financial relief from an emotionally devastating situation.

A bundled maternity insurance plan requires the insured to purchase additional life insurance plan from the suite of products by the same company they wish to buy the maternity insurance plan from

A single maternity plan will provide coverage for both the mother and the unborn child so you only need 1 plan.

With a bundled maternity with a life insurance on the mother, the child may get insured for critical illness not related or in some case related to the congenital condition they were born with by transferring the life plan from the mother to the child. Certain congenital illnesses once diagnose can bar the child to be insured for life if the parents do not buy any maternity insurance coverage. Hence, if you have half the intention to get your child insured for life regardless of whether they are born healthy or not, it may be a sound decision to buy a maternity insurance plan with bundling.

Most claims on maternity insurance revolve around hospital care benefit such as neonatal phototherapy care due to jaundice or neonatal ICU admission due to minor birth complications. Example, it is common to claim for NICU stay/treatment for the baby (which can cost up to $3,000 per day for severe cases in a private hospital). In such a case, the daily hospital cash pay-out may elevate some cost for the parents. Major complications which may lead to the disability or death of the mother/baby are rare and the sum assured paid out provides a short-term solution to a lifetime financial and emotional burden.

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