When it comes to pregnancy-related coverage, should you encounter complications, MediShield Life helps to defray these unexpected expenses. *Premiums are illustrated based on a 30 year old pregnant mother. You will need to conduct a proper analysis of your current financial portfolio before deciding what is suitable for you. It covers inpatient treatments for serious pregnancy and delivery-related complications, including eclampsia, postpartum haemorrhage and more. For pregnancies, the cost you incur can be significantly higher as there are many factors that might lead to the above issues. This plan covers the mother for eight types of pregnancy complications while the newborn is covered for 18 congenital illnesses. Premium (for 30 year old mother): $638 for $10,000 sum assured. You can purchase maternity insurance up until the 35th to 40th week of pregnancy, depending on the insurer. If you are still unsure of which policies to get, do consult a certified financial advisor. It also provides free first year health insurance cover for the newborn child without medical underwriting. It is important to understand the differences between these plans and to check which policies are best for you. In light of COVID-19, you may opt for online consultations with our partner financial advisors. Again, there are still plans in the market that still provide coverage for these special bundles of joy. 10 popular maternity hospitals in Singapore. Do you want to purchase life insurance for your child? However, you cannot purchase AXA EmpoweredMum on its own. What do MediShield Life and Integrated Shield Plans cover for those expecting? Love it.”, Maybank Horizon Visa Signature Credit Card, Standard Chartered Unlimited Cashback Card, Allianz Global Assistance Travel Insurance. 84074152. Another reason to purchase maternity insurance sooner rather than later: you pay the same premiums whether you apply for the insurance at the 13-week mark or towards the tail end of the pregnancy. The coverage provided for the newborn could last longer, depending on the plan you purchase. UOB Lady’s Savings Account: Free Medical Coverage For All Women, – Covers as many as 4 babies in a single pregnancy, even for IVF cases, – Coverage available for purchase from 13th week to 40th week of pregnancy, – Hospital care benefit based on 1% of Sum Assured, – Coverage for early delivery (less than 36 weeks of gestation) by caesarean section, Coverage for 10 types of pregnancy complications at 100% of the sum insured, Coverage for 23 types of congenital illnesses at 100% of the sum insured, Hospitalisation benefit: 1% of sum assured for each day of hospitalisation, up to 30 days, Outpatient phototherapy benefit: 1% of sum assured for each day of rental of the phototherapy machine, up to 10 days, Stem cell transplant surgery: 50% of sum assured, Coverage for 8 types of pregnancy complications, Coverage for 18 types of congenital illnesses, Hospital care benefit of up to $200 per day, for a maximum of 30 days, $10,000 death or total and permanent disability (TPD) benefit due to pregnancy complications, $10,000 death benefit due to any of the 18 covered congenital illnesses, Coverage for 14 pregnancy complications at 100% of the sum insured, including miscarriage due to accident, Covers the child for 24 congenital illnesses at 100% of the sum insured, Hospitalisation cash benefit at 1% of the sum insured for each day of hospital stay (up to 30 days), Mental wellness: Covers the mother for psychotherapy treatment at 10% of the sum insured, Outpatient phototherapy treatment benefit: 1% of sum assured for each day of rental of a phototherapy machine for the child, up to 10 days, Coverage for 10 pregnancy complications at 100% of the sum insured, Covers the child for 23 congenital illnesses at 100% of the sum insured, Hospitalisation care benefit at 1% of sum assured for each day of hospital stay, up to 30% of sum assured, Outpatient phototherapy treatment benefit: 1% of sum assured for each day the phototherapy machine is rented, up to 10% of sum assured (only valid up to 30 days from birth), 100% of the sum assured if diagnosed with any of the 15 pregnancy complications covered, 100% of the sum assured if diagnosed with any of the 26 congenital illnesses covered, 2% of the sum assured per day of hospitalisation due to any of the 24 covered hospitalisation events, for up to 30 days, 2% of the sum assured per day of hospitalisation due to any of the 17 covered hospitalisation events, for up to 30 days, Receive 15% sum assured if you have undergone a delivery at less than 36 weeks of gestation by caesarean section, 15% of the sum assured (up to $3,000) provided in the event of diagnosis of developmental delay in gross motor or speech development, Pregnancy complications: Complications that arise from the pregnancy, such as pre-eclampsia and eclampsia, Death or total & permanent disability benefit (TPD): Lump sum payout upon death or TPD, Hospitalisation benefit: Daily cash benefit for each day you are hospitalised due to pregnancy complications, Congenital illnesses (the number of congenital illnesses covered differs depending on the insurance plan), Death benefit: Lump sum payout upon death, Hospitalisation benefit: Daily cash benefit for each day the baby is hospitalised due to congenital illnesses, Outpatient phototherapy benefit due to severe neonatal jaundice: Cash benefit for each day the phototherapy machine is rented, A two-plan bundle consisting of AXA EmpoweredMum prenatal plan and AXA Flexi Protector or AXA Life Treasure, A two-plan bundle consisting of AXA EmpoweredMum prenatal plan and an eligible AXA Basic Plan. Not everyone can conceive easily and there are more couples turning to medical help to conceive. If you’re a Mum-to-be (or a concerned, loving husband), here’s what you need to know about maternity insurance. Your coverage can start as early as the 13th week of your pregnancy and continues for 30 days after childbirth. A 3-year single premium plan, it is the first prenatal plan in Singapore that covers early delivery by caesarean section for pregnant mothers. She shares her findings through the Singapore Financial Planners' blog. Aviva MyMaternityPlan covers pregnancies including those that come about as a result of IVF, Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination (IUI) and Intracervical Insemination (ICI). Do you have any other plans that are already providing coverage for these bundled plans? Should you purchase a new whole life plan for your baby within 90 days from birth, a health check-up will not be required. Married couples who purchase comprehensive insurance coverage at the appropriate time have the opportunity to pass the maternity period without hassle and worry. If you’re late to the game, you can still purchase this policy up until the 40th week of pregnancy. Maternity insurance (also known as pregnancy insurance or prenatal insurance) is a single-premium insurance that provides coverage for both the mother and the baby during the course of the pregnancy – and even shortly after birth. Manulife ReadyMummy shines bright with their support for mental wellness. With the purchase of this maternity insurance plan, you also enjoy the option to purchase a regular premium whole life plan, endowment plan or investment-linked plan for either yourself and/or your newborn within 90 days of the child’s birth, without the need for medical underwriting. I am not an expert but insurance products are a numbers game, hedging on the fact that the number of claims is a small percentage of the total pool of insured. This plan can be purchased under two bundled packages: 1) AXA HappyMummy that covers mother and child only, 2) AXA HappyFamily that covers the whole family. The premium is typically a one-off lump sum payment. When can you apply: Expectant mothers who are between 13 to 36 weeks pregnant. You should purchase your maternity insurance as early as possible, so that the plan can help to protect against any complications that might arise throughout the course of the pregnancy. Here are some of the most frequented hospitals for maternity care and deliveries in Singapore. What do these other plans provide coverage for? Examples of congenital illnesses include Cerebral Palsy, Down’s Syndrome and congenital deafness. This article will only look at standalone maternity insurance plans, for pregnancy related complications and congenital illnesses. Maternity insurance in Singapore is a separate type of coverage from what normally comes with health insurance coverage, and is purchased as an add-on benefit on top of your health insurance plan. This plan offers coverage for both expecting mothers as well as their newborn, for three policy years. More than just one payout Your IP also does not cover the newborn and you can only apply for insurance for your baby when they are born. These complications often require greater medical care. It covers pregnancy complications, congenital illnesses and death due to … Here are some of the best maternity insurance plans for your decision-making. In Singapore, maternity cover cannot be purchased as standalone coverage, but rather as an add-on to an existing health insurance policy. Most plans give out lump sum cash payouts if the mother is diagnosed with any of the covered pregnancy complications. I doubt there is a high demand for pregnancy only plans, let alone one with international coverage with hard-to … While maternity insurance will not cover the cost of your delivery or your hospitalisation bills, what it does provide is additional coverage specifically for pregnancy complications or congenital illnesses the newborn might have. There are a few different types of pregnancy insurance plans out there in Singapore offered by various insurance companies. Like what was mentioned earlier, maternity insurance covers you for pregnancy complications or congenital illnesses. Maternity Insurance in Singapore. Newborns who are diagnosed with any of the congenital illness are also liable for a lump sum cash payout by the insurance company. Guide to Maternity Insurance in Singapore. drwealth.com/maternity-insurance-singapore/. Coverage for your Newborn ends … Starting or growing a family is an exciting but nerve-wracking time for many. “ “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. The policy will be terminated at the end of the third policy year. The child is also covered for 18 congenital diseases. Medical expenses for each pregnancy typically range between $10,000-$14,000 for a natural delivery and $12,500-$16,000 for caesarean (c-section). Leveraging our 20+ years of experience, our team of experts at Pacific Prime Singapore has curated this annual guide to shed light on the current state of maternity and maternity insurance in the Lion City. AIA’s Mum2Baby Choices. The earliest you can purchase maternity insurance is typically the 13th week of your pregnancy. Personalised, bite-sized reads, money hacks and product recommendations. The team at UEX offer some suggestions below, plus other considerations such as going public or private, and the nitty-gritty of maternity insurance coverage. Great Eastern Flexi Maternity Cover is a standalone, single premium maternity insurance plan that provides death and total and permanent disability (TPD) coverage, on top of eight types of pregnancy complications and 18 congenital illnesses. This type of insurance addresses the medical costs related to giving birth. We recommend readers to seek financial planning advice from qualified financial advisors. Maternity insurance is a term insurance that can be bought during the pregnancy period. Home » Personal Insurance » Maternity Insurance in Singapore. Here’s a complete guide to Eldershield. I found and applied for a cashback card easily on their website. Both mother and child are covered for $10,000 benefit for pregnancy complications or congenital illnesses respectively. Maternity Insurance in Singapore cannot be purchased on its own, as a separate insurance policy. Offers coverage* for a wide range of maternity and newborn issues As many as 10 pregnancy complications, 23 congenital illnesses and death coverage. Manulife ReadyMummy covers pregnancies by Assisted Conception Procedures such as IVF, Intrauterine Insemination (IUI) and Intracervical Insemination (ICI). Premium (for 30 year old mother): $390.55 for a sum assured of $5,000. Jaslyn Ng is a young executive who's tired of insurance agents & financial advisors in Singapore. What Is Maternity Insurance. The non-exhaustive list below are some common things that are covered in a pregnancy insurance plan for both expectant mothers and their newborns; It can be seen as an additional insurance type that supplements your existing health insurance and life insurance policies. A 3-year single premium plan, it is the first prenatal plan in Singapore that covers early delivery by caesarean section for pregnant mothers. If you’re thinking of having a new baby, you’ll have a lot on your mind, especially if you’re travelling, studying or moving abroad.You’ll want to know all your options, in terms of your general healthcare, and the care you’ll need during and after pregnancy – when it matters most. Keep in mind that age is also an eligibility criteria, with insurers requiring the mother to be between the ages of 18 and 45. Here are some key consideration points you need to know before deciding. PRUFirst Gift Maternity InsuranceBest for a comprehensive maternity insurance and …