We took a life insurance policy last year and now im pregnant, so just wondering how all this works. Not sure if pregnancy related stuff comes under it or its something separate. Has anyone here actually claimed or checked this?
Quick clarity, life insurance is not the one for pregnancy expenses. For delivery u need a health insurance with maternity cover. And most maternity covers have a waiting period of 2 to 4 years, so if u are planning, get it well in advance. Check the policy doc or call the insurer to confirm the exact terms.
Just to add, these are two separate products. Life insurance is for protecting your family financially, pregnancy and delivery fall under health insurance. If u dont have maternity cover yet, start looking now since the waiting periods are long. Compare a few plans and read what tests and delivery type they actually cover.
No, life insurance wont cover your delivery. Thats what health insurance with a maternity benefit is for. Read the fine print though, waiting periods, room rent limits and sub limits vary a lot between policies. Better to ask the insurer directly for your specific plan.
Life insurance and pregnancy are kind of different things yaar. Life insurance pays out on death, it doesnt cover delivery costs. What u want for delivery and hospital bills is a health or maternity insurance policy. We took a health plan with maternity benefit, but note those usually have a waiting period before u can claim, so plan early.
