“Do you really need maternity insurance?”

“Do you really need maternity insurance?”
I had Integrated Shield Plan with riders and also there are Medishield Life coverage, “Do you really need maternity insurance?” That is always the first question I am asked.
Indeed, Shield plans do provide coverage related to pregnancy complications as listed within the insurer scope but what next? What will be beyond shield plans? After reading this post, you may have a better understanding on these plans.
What is Maternity Insurance?
It is a standalone plan that provides coverage for expectant mother and the child upon birth. The coverage includes death and pregnancy complication as well as congenital illnesses and hospitalisation for the newborn. The plan generally covers up to the third year after inception.
The listed pregnancy complications and congenital conditions vary among different insurers therefore I will not list them all out as it is not always the insurer with the most covered conditions’ policy will be suitable for you.
What is beyond this standalone Insurance?
Some insurer offers bundled Maternity plan with a participating whole life plan or investment-linked plan. These plans can be your consideration factor if you are intending to provide additional coverage or for potential higher investment returns for your child in the future. Before the child is born, this policy will provide coverage for the mother. After the child was born, the policy can be transfer to the child with or without medical underwriting (depending on the insurer policy). Additionally, some insurers offer a Guaranteed Insurance Option (“GIO”) without medical underwriting for a shield plan for the baby.
Most parents will normally opt for tests like the OSCAR or Harmony to detect syndromes or abnormalities. However, there may still be some conditions that are not detected or develop until after birth.. These conditions may pose challenges for insurance acceptance in the future. When considering these plans, note that entry is generally from week 13 of pregnancy until week 36.
This is a sharing post and does not constitute to any financial advice. Please consult with your trusted financial advisor for more comprehensive planning.

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:

Elvin Huang 黄暐硧

Most people don’t realise they are either under-protected or overpaying—until it’s too late.

Hi, I’m Elvin Huang, a Financial Advisory Manager and Chartered Financial Consultant.

For the past decade, I’ve been helping young professionals and families structure their finances properly—so they can move towards early retirement with clarity, not confusion.

My focus is simple:
Make complex financial decisions easy to understand, and even easier to act on.

I work across protection, wealth accumulation, and retirement planning—ensuring you’re not just covered for the unexpected, but also steadily building towards long-term financial independence.

Beyond that, I place strong emphasis on legacy planning, including Will and Trust structures—because it’s not just about growing your wealth, but making sure it’s protected and passed on efficiently to the people who matter most.

If you’re unsure whether your current financial plan is truly working for you, let’s have a conversation. I’ll help you identify the gaps and opportunities clearly.

And if you’re exploring a career in financial advisory, and want to learn how to build a meaningful and sustainable practice, I’m happy to share my experience with you as well.

Let’s take the next step towards clarity and confidence in your financial journey.

CONTACT US