BEST MATERNITY INSURANCE POLICIES

What is maternity insurance?

Maternity insurance is a prenatal insurance policy plan that can be purchased when one is pregnant. It covers unexpected pregnancy complications that could affect either the mother or the child.

Claims are usually disbursed through one-time payouts. This helps to mitigate further medical expenses that might arise in the event of pregnancy complications.
Maternity insurance comes either as a standalone plan or part of a package. A standalone policy only covers pregnancy-related complications, while a package bundles other coverage with the maternity policy.

What does maternity insurance cover?

Maternity insurance usually covers a wide range of pregnancy complications, including common problems such as high blood pressure, gestational diabetes, premature pregnancies, and miscarriages.

It may also include mental health and hospitalisation benefits, where payouts are given if the mother is hospitalised for complications related to the pregnancy.
Maternity insurance also covers birth defects. Some of the most common and serious birth defects include congenital heart diseases, cleft lip or palate, clubfoot, missing or undeveloped limbs, and Down syndrome. A maternity insurance plan should cover 17 to 26 types of birth defects.

Premiums are not returned and there are no payouts if the pregnancy is successful.

What is maternity insurance?

Maternity insurance is a prenatal insurance policy plan that can be purchased when one is pregnant. It covers unexpected pregnancy complications that could affect either the mother or the child.Claims are usually disbursed through one-time payouts. This helps to mitigate further medical expenses that might arise in the event of pregnancy complications.Maternity insurance comes either as a standalone plan or part of a package. A standalone policy only covers pregnancy-related complications, while a package bundles other coverage with the maternity policy.

What does maternity insurance cover?

Maternity insurance usually covers a wide range of pregnancy complications, including common problems such as high blood pressure, gestational diabetes, premature pregnancies, and miscarriages.It may also include mental health and hospitalisation benefits, where payouts are given if the mother is hospitalised for complications related to the pregnancy.Maternity insurance also covers birth defects. Some of the most common and serious birth defects include congenital heart diseases, cleft lip or palate, clubfoot, missing or undeveloped limbs, and Down syndrome. A maternity insurance plan should cover 17 to 26 types of birth defects.Premiums are not returned and there are no payouts if the pregnancy is successful.

There were 32,844 Singaporeans born in 2019

That is 8.8 births per thousand people

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Situations to explain how maternity insurance works:

Situations
Premature birthDaily hospital care payout benefit can help to pay for Neonatal Intensive Care Unit (NICU) fees.Payout may not cover NICU costs fully.

Apart from AXA, medical insurance is generally declined by insurers until the baby reaches 12 months old.

Congenital illnessCongenital benefit payout benefit pays out between $5,000 and $30,000.

Some policies will provide guaranteed critical illness and medical coverage for baby for life.

$30,000 may not be sufficient.

Congenital illness may be excluded.

MiscarriageCovers only after first trimester.First trimester miscarriages not covered.

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Who is eligible for maternity insurance?

Expectant mothers who are between 13 to 36 weeks pregnant can purchase maternity insurance. You pay the same premium whether you purchase the policy at the 13-week or 36-week mark.
If you are thinking of getting maternity insurance, we recommend you buy it as soon as possible so you benefit from a longer period of coverage, since you pay the same premium.

Widest list pregnancy conditions covered: Great Eastern
Widest list of congenital illnesses covered: AXA and Great Eastern
Guaranteed medical coverage for child: AXA
Guaranteed life insurance coverage for child: All except NTUC Income
Best standalone maternity cover: Great Eastern

Comparison of maternity insurance policies

CompanyGreat EasternPrudentialManulifeNTUCAIAAvivaAXA
Plan nameGreat Maternity CarePRUMumReadymummyMaternity 3601. AIA Mum2Baby Protect (AIA GPP(II))

2. AIA Mum2Baby(IFP)

3. Prenatal Rider: AIA Baby Protect Plus (II)

MyMaternityPlan1. AXA HappyMum

2. AXA HappyFamily

3. AXA EmpoweredMum

Total permanent disability benefit100% of sum assuredNA
Pregnancy complication benefit100% of sum assured
Number of pregnancy complications covered19131410141015
Daily Hospital care benefit for mother2% of sum assured up to 30 days1% of sum assured up to 50 day, For ICU & HDU1% of sum assured up to 30 day1% of sum assured up to 30 day2% of sum assured up to 30 days1% of sum assured up to 30 days2% of sum assured up to 30 days
Number of hospital conditions*
covered
9989 + 14189 + 15

*Hospital conditions refer to those which are not specific to pregnancy and delivery, such as appendicitis during pregnancy and cardiomyopathy suffered after delivery.

Coverage for child

CompanyGreat EasternPrudential ManulifeNTUCAIAAvivaAXA
Death benefit100% of sum assured100% of sum assured100% of sum assured100% of sum assuredBefore 14 days: 20% After 14 days: 100%100% of sum assured100% of sum assured
Congenital illnesses benefit100% of sum assured
Number of birth defects covered2625
(up to 3y.o)
2423252326
Daily Hospital care benefit for child2% of sum assured up to 30 days1% of sum assured up to 50 day, For ICU & HDU1% of sum assured up to 30 day1% of sum assured up to 30 day2% of sum assured up to 30 days1% of sum assured up to 30 days2% of sum assured up to 30 days
Number of hospital conditions covered6876 (Including infectious disease/admit to HDU/ICU)8 (Including admission to NICU/HDU)17 (Including admission to ICU/HDU)

Daily charges for premature babies are more than S$1,000

Private hospitals in Singapore

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Additional benefits

CompanyGreat EasternPrudentialManulifeNTUCAIAAvivaAXA
AvailabilityStandalone + Guaranteed option to purchase life insurance for newbornStandalone

or

Bundle with guaranteed option to transfer life insurance to newborn

Standalone + Guaranteed option to purchase life insurance for newbornStandalone

No GIO, require simplified underwriting within 60days, sum assured maximum of $150,000

Bundle with guaranteed option to transfer life insurance to newbornBundle with option to purchase additional life plan can only cover up to $150,000Bundle with guaranteed option to transfer life insurance to newborn
Guaranteed coverage for newborn without medical underwritingLife / TPD / CI / ECI (ECI coverage transfer below age 6 of max $30K for congenital illnesses)Life / TPD / CI / ECI with possible exclusion clausesLife / TPD / CI / ECI (ECI coverage transfer below age 6 of max $30K for congenital illnesses)Life / TPDLife / TPD / CI / ECI (ECI coverage transfer below age 6 of max $30K for congenital illnesses)
Sum assured$5,000 to $10,000$5,000 to $20,000$5,000 to $20,000$5,000 to
$10,000
$5,000 to $25,000TBA$5,000 to $30,000
Mother entry age18-45TBA18-4517-4418-4518-4518-45
Covers pregnancy from13 to 40 weeks13 to 35 weeks/
Assisted pregnancies 18 to 35 weeks
13 to 36 weeks13 to 35 weeks13 to 36 weeks13 to 36 Weeks13 to 36 Weeks
Policy term3 policy years4 policy years3 policy years3 policy years3 policy years3 Policy Years3 Policy Years
Assisted pregnanciesYesYes from 28 weeksYesTBAYesYes (Cover IVF, ICSI, IUI + ICI – Depends on UW)Yes
Others
Psychological benefitsUp to 3 sessionsPayout for psychological consultations is up to S$200. The Insured can receive up to 5% sum assured with postpartum depression diagnosisPsychotherapy treatment – 10% of sum assured    
Developmental delays     Covers developmental delay of child (10% of SA)Developmental Delay Benefit for Child: 15% SA (Cap at $3,000)
Jaundice related benefitsGDM complications and resulting conditions – 10% of sum assured1% of sum insured/ day of rental of a phototherapy machine for the child (up to 10 days)1% of sum insured/ day of rental of a phototherapy machine for the child (up to 10 days) Outpatient treatment for jaundice (1% of SA, up to 10 days) 
Early delivery benefitsEarly Delivery by Caesarean Section Benefit for Mother: 15% SA
Hospitalisation benefit for newbornFree guaranteed issuance for Shield Plan B first year
More than 1 fetus benefitCovered for twins (50% SA each)Covered for twinsCover up to 4 babies in 1 pregnancyTwins need to buy 2 ALT/AFPs

The list is not exhaustive. For more details, please consult your financial advisor, or write to us at ask@plannerbee.co.

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Is it worth buying maternity insurance?

With so many maternity insurance plans out there, it might be confusing to shortlist the best option as you contemplate whether it is even worth investing in maternity insurance. Let’s delve into some commonly asked questions so you can make a well-informed decision.

Question #1: I already have MediShield and IP. Why do I still need to purchase maternity insurance?

At the moment, MediShield Life provides coverage for 24 pregnancy complications, including gestational diabetes and preeclampsia. The full list of complications can be found on MOH’s website here.

Your IP also covers pregnancy complications, but only if it is a stated pregnancy complication condition, including preeclampsia and eclampsia.

All Singapore Citizen babies are automatically covered by MediShield Life from birth, including those with congenital and neonatal conditions for life. However your IP does not provide coverage for your little one and you can only apply for insurance for your infant when they are at least 15 days old.

A maternity insurance can complement your MediShield Life plan and IP as the payout will be made on top of those coverage.

Question #2: Are the premiums for my maternity insurance one-time or ongoing?

If you choose to buy a standalone maternity insurance, you will only have to make payment for your maternity insurance once.

If you choose to buy a Maternity insurance package that includes the maternity rider and base plan, you will pay the premiums for the maternity rider once and the base plan continues based on the chosen term.

For a one-time premium, your maternity insurance (rider) will provide coverage for 3 to 6 years.

Question #3: I will be undergoing in vitro fertilisation (IVF). Am I still eligible to purchase maternity insurance?

Yes, you can still purchase maternity insurance for peace of mind. However, bear in mind that not all insurers provide coverage for pregnancies through IVF. Compared to naturally conceived pregnancies, some insurers who cover pregnancies through IVF may impose extra premium loading.

If you are undergoing an IVF pregnancy, be sure to look out for a plan that provides you with coverage for the IVF-associated risks. Furthermore, pregnancies following assisted reproductive technology tend to result in more than one baby at the same time.

Aviva MyMaternityPlan provides broad coverage for congenital illnesses, as babies born after IVF have an increased risk for congenital abnormalities. In fact, it provides coverage for up to 4 children in a pregnancy (even if it is via IVF), for 23 congenital disorders. Furthermore, MyMaternityPlan covers your child’s developmental delays and stem cell therapy.

However, this plan only provides coverage for 10 pregnancy complications, so you may wish to consult your doctor prior to purchase, to assess what coverage suits you best.

Question #4: Will my child get lifelong protection from my maternity insurance?

If your base plan is a life insurance, your policy will provide you coverage until your newborn has a birth certification. A transfer of the whole life plan to your child can be made within 60 days of birth without any medical underwriting.

One example would be the AIA Mum2Baby Protect plan. However, this is a rider that customers can only purchase on top of AIA’s whole life policy (AIA Guaranteed Protect Plus) or ILP (AIA Pro Lifetime Protector).

To provide your child with lifelong protection, you have the option of transferring your base policy of AIA Guaranteed Protect Plus or AIA Pro Lifetime Protector to your infant, with the assurance that your little one can get basic life insurance without underwriting.

Additionally, Great Eastern’s Great Maternity Care and AXA’s HappyMum, HappyFamily and EmpoweredMum policies also provide coverage for twins conceived through IVF.

Question #5: What if my pregnancy fails?

In the unfortunate event that you suffer from a failed pregnancy, the maternity insurance you choose will still provide you with coverage until the end of your pregnancy term. If you chose a bundled plan that includes a base plan, this will continue to cover you for life.

Question #6: What if my health deteriorates during my pregnancy?

It is common for a mother’s health to deteriorate during pregnancy, with conditions like gestational diabetes or hypertension arising. In this situation, you may wish to keep the base plan for yourself, since it is difficult to purchase a new plan without exclusion for yourself. As for your infant, you can always purchase a fresh policy to provide coverage.

How does maternity insurance complement my base plan?

If you’re still unsure of how maternity insurance works, the following diagram illustrates what it covers in a nutshell. Additionally, if you opt for a maternity insurance bundle, your maternity rider will complement your base plan:

maternity insurance singapore

To purchase, or not to purchase

In Singapore, health insurance coverage is compulsory. However, MediShield Life and the Integrated Shield plans do not offer any payouts for emergency Caesarean sections, miscarriages, premature births, or birth defect treatments.

These conditions will require you to pay out-of-pocket. Should a baby be delivered prematurely, the Neonatal ICU fees can be as high as $2,000 per day at a private hospital. Unfortunately this cannot be fully covered even with a maternity plan, because the highest daily payout is $600 per day up to 30 days.

Should you decide to purchase one, it is important to note that only listed pregnancy complications or birth defects are covered by your policy. Other conditions falling outside the list will not provide payouts.

Additionally, if your maternity insurance is part of a package, the accompanying whole life or investment-linked insurance policy (ILPs) will still be payable in the event that your child or foetus dies. The maternity policy will continue to cover the mother.

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