How to pick the right maternity insurance?

Unexpected pregnancy complications can potentially burn a hole in the pocket. With a maternity insurance plan in place, it can guard both mothers and children against such risk.

Welcoming our bundle of joy into the world is usually a joyous moment for all new parents. However, the cost of unexpected events can be very high. Getting a right maternity insurance plan is important to provide us some peace of mind. However, if you do not make a claim, the policy will expire after a set period, with no payout. So is it worthwhile to purchase? Here are some of the factors to look into.

Are You Able To Afford Additional Medical Bills Without Maternity Insurance?

  • With hospital bills that may go up very high, not many people can stomach the cost without depleting their hard earned savings or retirement funds.
  • Most local mums would have at least the basic MediShield Life protection for hospitalization expenses from pregnancy complications. The importance of maternity insurance is therefore to have coverage for the newborn.
  • This includes a payout if the baby is diagnosed with one of the covered congenital illnesses as well as a daily hospital care payout for certain situations such as admission into the ICU or phototherapy for severe neonatal jaundice, where the baby needs to be placed under a special light from a phototherapy machine.

What are you most worried about?

  • Since the purpose of getting maternity insurance is for peace of mind, decide what are your main concerns and measure the potential costs of treatment for the condition or event against the cost of the maternity plan premium to see if it would be worth it to take up the plan.
  • You might find special features of a plan that caters to your particular needs, such as coverage for a pregnancy by assisted reproductive technology, IVF, or a multiple pregnancy. Some plans may also provide coverage for phototherapy for severe neonatal jaundice, or mental wellness care for mums.
  • You can start buying maternity insurance as soon as week 13and the latest you can buy is between 35 and 40 weeks of pregnancy.

Still Unsure which Insurer Package Best Suit you?

Reach out to Me for a Comprehensive Comparison of Premiums and Benefits!

Drop me a Text to schedule a One-To-One Consultation Session!

 

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek unbiased financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Zephanie Lau 刘晓莹

“𝙱𝚎 𝚝𝚑𝚎 𝚊𝚛𝚌𝚑𝚒𝚝𝚎𝚌𝚝 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚏𝚒𝚗𝚊𝚗𝚌𝚒𝚊𝚕 𝚍𝚎𝚜𝚝𝚒𝚗𝚢!” ✍I am a seasoned Financial Advisory Manager in Singapore, with over a decade of expertise, committed to transforming lives. I stand ready to guide Working Adults in Singapore towards greatness through meticulous Financial Planning and Independent Financial strategies.

As Warren Buffett wisely said, “𝗦𝗼𝗺𝗲𝗼𝗻𝗲 𝗶𝘀 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗵𝗮𝗱𝗲 𝘁𝗼𝗱𝗮𝘆 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝗽𝗹𝗮𝗻𝘁𝗲𝗱 𝗮 𝘁𝗿𝗲𝗲 𝗮 𝗹𝗼𝗻𝗴 𝘁𝗶𝗺𝗲 𝗮𝗴𝗼.” Let me help you plant the seeds of financial success, so you can bask in the shade of abundance in the Singapore Financial Hub.

“I am not a product of my circumstances. I am a product of my decisions.” With your goals in sight, I become your relentless Goal Getter, ensuring nothing holds you back from achieving your dreams.

Remember, “Time is more valuable than money. You can get more money, but you cannot get more time.” Let’s avoid wasted efforts on wrong choices and focus on what truly matters, uncovering the meaning of life and securing your future.

With your vision and my guidance, we shall create a legacy of financial empowerment, proving that success is within reach for every determined soul. Let’s ignite the fire of transformation and begin our journey today! 🌟💼

#efficient #financialhappiness

█▓▒░ 𝐈’𝐦 𝐙𝐞𝐩𝐡𝐚𝐧𝐢𝐞, 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 𝐑𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞 – 𝐑𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞, 𝐅𝐈 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭𝐥𝐲 𝐨𝐰𝐧𝐞𝐝. 𝐈𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐭𝐨 𝐥𝐞𝐯𝐞𝐥 𝐮𝐩 𝐰𝐢𝐭𝐡 𝐚 𝐡𝐨𝐥𝐢𝐬𝐭𝐢𝐜 𝐚𝐧𝐝 𝐮𝐧𝐛𝐢𝐚𝐬𝐞𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨, 𝐥𝐞𝐭’𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭! 𝐓𝐡𝐢𝐬 𝐲𝐞𝐚𝐫, 𝐈 𝐚𝐢𝐦 𝐭𝐨 𝐞𝐧𝐠𝐚𝐠𝐞 𝐢𝐧 𝐝𝐞𝐞𝐩𝐞𝐫 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 60 𝐧𝐞𝐰 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬. 𝐈𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐚𝐥𝐬𝐨 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐲𝐨𝐮𝐫 𝐧𝐞𝐭𝐰𝐨𝐫𝐤, 𝐃𝐌 𝐦𝐞—𝐥𝐞𝐭’𝐬 𝐠𝐫𝐨𝐰 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫! ░▒▓█

Drop me a Text to schedule a One-To-One Consultation Session!

Google Review

CONTACT US