Pregnancy brings with it immense joy but also many responsibilities. And, one needs to be prepared for all aspects of parenthood, including those related to financial management. This is where maternity insurance comes into picture. It covers all of your maternity-related expenses pre and post-delivery, including any medical complications of the infant. But with a multitude to maternity insurance Singapore has to offer, how do you really choose one?
Well, you can begin with the services that the insurance provides. The best maternity insurance services in Singapore cover all maternity-related expenses–from hospital stay to delivery cost to even medical infant care.
The good news is that there are a host of options for maternity insurance in Singapore. So let’s take you through the dos and don’ts of maternity insurance.
How To Choose The Best Maternity Insurance Singapore Has To Offer
Not all maternity insurances offer the same benefits. You’ll need to consider specific criteria before you buy one.
The best insurance with maternity coverage is one that covers the mother and child, pre and post-natal expenses, baby’s vaccination charges, major pregnancy complications, and early coverage and lifelong protection for your baby.
Additionally, you need to check on the policy’s exclusions, the premium charged, and lifelong plan options.
6 Best Maternity Insurance Singapore Has To Offer
Some maternity insurance services have a short waiting period while some others have a 3-4 years long waiting period. Therefore, it’s good to finalise on a suitable policy and buy one well ahead of time.
This hallmark list of the best maternity insurance Singapore has to offer will help you zero in the most suitable one.
1. AIA’s Mum2Baby Choices
One of the best maternity insurance Singapore has to offer is the AIA’s Mum2Baby Choices. It provides extensive protection to the mother and child, right from the 13th week of pregnancy.
Along with coverage on hospitalisation bills, congenital diseases, medical negligence, death, accident, pregnancy complications and others, it offers lifelong protection for your precious baby.
However, it excludes coverage for abortion, pregnancies with triplets, pre-existing illnesses, intake of non-prescribed drugs, and some other conditions.
Eligibility for purchase: within 13-32 weeks of pregnancy
Covers hospitalisation, IVF/ICI/IUI/ICS pregnancies, congenital diseases, medical negligence and more
2. Great Eastern’s Flexi Maternity Cover
Offering one of the longest purchase eligibility periods, this maternity insurance is an affordable, yet highly beneficial cover for you.
With optimum benefits like coverage on 18 congenital illnesses, 8 pregnancy complications, hospitalisation, 30 days daily hospital care, accident and more, you can have a worry-free maternity experience.
However, it excludes coverage for IVF pregnancies and pregnancies with triplets.
Eligibility for purchase: within 13-40 weeks of pregnancy
Covers 8 pregnancy complications, 18 congenital illnesses, $200/day hospital care for 30 days, death, permanent disability and more
Mother’s coverage up to 30 days after childbirth, baby’s coverage up to the end of the third policy year
Affordable and short-term
Option to buy a lifelong plan
3. Aviva MyMaternityPlan
If you’re looking for a maternity insurance that covers up to four babies in one pregnancy, then this is the one for you.
One of the best maternity insurance Singapore has to offer, Aviva provides coverage for a wide range of illnesses and complications. These include developmental delay of the baby and stem cell transplant surgery.
However, your spouse or you’ll have to register for one of Aviva’s other plans (like critical illness, life, savings, health, retirement or protection plans) to buy this policy.
Eligibility for purchase: within 13-36 weeks of pregnancy
Covers hospitalisation, IVF/ICSI/ICI/IUI pregnancies, 23 congenital illnesses, 10 pregnancy complications, 30 days daily hospital care, death, stem cell transplant surgery and more
Offers more than one payout
Option to buy a lifelong plan
4. Manulife ReadyMummy
With emphasis to mental health, Manulife provides coverage on the mother’s psychotherapy treatment along with other health issues.
With this insurance, you can be rest assured that mental health will take centerstage. The premise of the policy is that mental health is a fragile issue and any mental illness shouldn’t be ignored. With this unique focus, Manulife is definitely qualifies as one of the best insurances.
However, it does not cover more than two babies in a single pregnancy.
Eligibility for purchase: from 13 weeks of pregnancy
Covers ICI/IVF/IUI pregnancies (at a small additional charge), psychotherapy treatment, 24 congenital diseases, 14 pregnancy complications, 30 days daily hospital care, death, accidental miscarriage and more
Baby’s coverage up to the end of the third policy year
Purchase additional eligible Manulife plans within 90 days of delivery (zero health questions asked)
5. Income’s Maternity 360
If you’re looking for a standalone maternity insurance plan with a hassle-free application process, then this is a good choice.
In case of pregnancy complications or congenital illnesses in your newborn baby, you’ll receive 100 percent of the assured amount, so that you can have a worry-free maternity experience.
With additional coverage on hospitalisation, death and baby’s phototherapy treatment, it guarantees complete protection for you and your little bundle of joy. However, it doesn’t cover IVF pregnancies.
Eligibility for purchase: within 13-35 weeks of pregnancy
Easy application, affordable premiums
Covers 23 congenital diseases, hospitalisation, 10 pregnancy complications, baby’s phototherapy treatment, death, and mother and baby’s protection up to full 3 years of policy
3 years maternity insurance with a single premium
6. Pacific Prime Singapore
This is one of the best insurance with maternity coverage in Singapore, offering immense benefits for expecting mothers.
In addition to coverage on pregnancy/delivery complications, congenital illnesses and delivery centre costs, Pacific Prime covers doctor consultations, caesarean/normal delivery, newborn child care, and pre and post-natal treatments.
Its 24-hour protection, short waiting period and customisable plans make it one of the top maternity insurance in Singapore.
Short waiting period
Convenient claims process
Covers pregnancy/childbirth complications, congenital birth defects, hospital/home/birthing centre delivery costs, normal/caesarean delivery, pre- and post-natal examinations/treatments, and more
A variety of insurance plans, customisable plans
Maternity is the most beautiful, yet fragile period in a woman’s life. While you take care of your physical and mental health during this time, it’s also important to plan for your medical expenses well in advance.
And with the help of this list of maternity insurance Singapore has to offer, you’ll surely to have a stress-free journey.