Planning a Family Soon? Here's a Financial Tip You Can't Miss!
Starting a family is a beautiful journey, but it also comes with significant financial responsibilities.
One smart way to prepare is by adding a maternity cover to your health insurance. Here's why it's a game-changer:
1 Pregnancy & Delivery Costs:
Expecting a baby? Be prepared for medical expenses ranging from ₹1-1.5 lakhs for pregnancy and delivery. However, here's the catch:
- Most insurance policies only cover these costs if you've added a maternity rider 1-1.5 years before pregnancy. - - Without this, you'll need to bear these expenses out of pocket. - Adoption Fee Coverage
If adoption is part of your plan, there's good news! Many insurance policies now cover adoption-related fees, which can amount to ₹50,000 or more in India. This financial support can ease your journey to parenthood.
3 Planning a Baby After 30?
With changing lifestyles, many couples plan children later in life. But as age increases, natural conception rates may decrease. In such cases:
- Procedures like IVF (In Vitro Fertilisation), which can cost 1-2 lakhs or more, might be necessary. - - The good news? Many modern maternity add-ons now cover IVF-related costs as well.
Maternity covers typically come with a waiting period of 1-2 years. This means you need to plan ahead to avail of these benefits when you need them most.
Tag a friend or share this with someone who's about to tie the knot - they'll thank you later!
