What you need to know about pregnancy insurance coverage in Singapore

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As a mother, one thing you should purchase amongst the many things you’ll need to have during pregnancy is your pregnancy Insurance. Many people know they need it and they hop into it without fully understanding what it entails or how much coverage they’ll be able to secure. If you made it to this website, it means that you are wise and you want to know what you are getting into before you do. In this blog post, you’ll discover all you need to know about pregnancy insurance coverage. This article is specifically tailored for people living in Singapore but if you live outside Singapore, you can still learn a thing or two because the variation in policies doesn’t differ much.

If you are in search of the best critical illness insurance Singapore has got you covered and if you are also in search for the best pregnancy insurance you can also find it in Singapore – in general, Singapore has one of the best healthcare systems in the world. This means that, if you are about to be a mom and you are also resident in Singapore then you are in luck because there is no better place to be.

You must have heard of the saying that “the best thing in life don’t come easy”, this saying is particularly true about maternity care in Singapore. Because they have one of the best healthcare systems in the world, hiring the services of maternity care experts is on the high side that’s why obtaining pregnancy insurance is crucial if you want to avoid the high cost of pregnancy care.

Without further ado, let’s take a lot look at what pregnancy insurance is and what Singapore has to offer.

What is pregnancy insurance and what does it cover?

Pregnancy insurance is also known as maternal or prenatal insurance is a single-premium insurance that offers coverage for both the baby and the mother during pregnancy and sometimes shortly after birth. The coverage may come as daily hospital cash or lump sum payout which can be used to offset additional medical costs.

Pregnancy insurance may not be able to cover all your hospitalization bills or the total cost of your delivery but it’ll be able to cover for congenital illnesses in the newborn or any pregnancy complication. Pregnancy insurance usually lasts throughout your pregnancy period and continues for 30 days after you have given birth. It could last longer though but that solely depends on the plan you purchased. 

The pregnancy insurance in Singapore is not included in the normal health insurance coverage, rather, it’s purchased as an add-on benefit on top of your health insurance plan. Every pregnancy plan is unique and as such, you’ll have to familiarize yourself with what is covered in the plan before you purchase it. 

Most of the plans you’ll find in Singapore covers prenatal expenses which include your blood tests, consultations, ultrasound, etc., medically necessary C-sections, and normal delivery. Some pregnancy insurance plans in Singapore also covers delivery with complications and congenital birth defects.

When to purchase pregnancy insurance 

What time is best to purchase a pregnancy insurance plan? As soon as possible. Purchasing your pregnancy insurance plan early helps in protecting against complications that may arise during the pregnancy. 

Many people purchase pregnancy insurance in the 13th week of their pregnancy. Why? The 13th week of your pregnancy marks the first trimester which is the period when the pregnancy is more stable that’s because 80% of miscarriages occur during the first trimester. It is also a period when couples start telling their friends and family about their bundle of joy that’s about to enter the world.

In Singapore, after purchasing pregnancy insurance you’ll have to go through something known as the Waiting Period. Many people only pick up pregnancy insurance plans when they are planning to conceive and immediately drop them after childbirth and because of that, insurers often face high payout costs due to that benefit that’s why they introduced something known as the waiting period to help fight the cost.

The waiting period is the time you must pass after you have purchased your pregnancy insurance plan before you’ll be able to make a claim. The waiting period is usually long, it takes about 10 to 12 months. Now you know about the waiting period, in order to properly factor in the waiting period, it means that you’ll have to plan ahead and possibly purchase the plan before time knowing that a normal pregnancy lasts 9 months.

If you didn’t find the information on time, you are living in Singapore and you are already pregnant, even though it’s now late to go get pregnancy insurance there is still something you can do. You can still protect your newborn. You should know that the cost of your delivery or pregnancy won’t be covered but you will be able to obtain newborn health insurance which will cover your baby’s medical care expenses. 

There you have it! If you know all these and you reside in Singapore then nothing can possibly go wrong. Plan ahead of time and purchase a pregnancy insurance plan that suits your needs.

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