Maternity Insurance

HSBC Life EmpoweredMum: Comprehensive Protection for Expectant Mothers and Newborns

Becoming a parent is one of life's most joyous experiences, but it also comes with its share of concerns and challenges. Did you know that pregnancy complications affect up to 20% of pregnancies worldwide? Or that approximately 1 in 33 babies is born with a birth defect? These statistics highlight the importance of having comprehensive prenatal and postnatal coverage. If you're an expectant mother or planning to start a family, HSBC Life EmpoweredMum might be the solution you're looking for.

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What is HSBC Life EmpoweredMum?

HSBC Life EmpoweredMum is a robust prenatal plan designed to empower expecting mothers from pregnancy to parenthood . It provides comprehensive coverage against pregnancy complications and hospital care for both mother and child. This plan is available as part of two bundled options:

  1. HSBC Life HappyMummy : Focuses on protection for the mother and baby
  1. HSBC Life HappyFamily : Extends coverage to the entire family

Key Features That Set HSBC Life EmpoweredMum Apart

Comprehensive Coverage

Protects both mother and child from pregnancy complications to postnatal care . Covers 15 pregnancy complications for the mother and 26 congenital illnesses for the newborn.

Early Delivery Benefit

Provides 15% of sum assured for medically necessary caesarean delivery before 36 weeks.

Hospital Care Benefits

Offers 2% of sum assured per day of hospitalization for up to 30 days for both mother and child.

Developmental Delay Benefit

Provides 15% of sum assured (up to S$3,000) if the child is diagnosed with developmental delay.

Flexible Bundled Options

Choose between HSBC Life HappyMummy for focused protection on mother and baby, or HSBC Life HappyFamily for extended coverage to the whole family.

Why compare HSBC Life HappyMummy with other Maternity options through Whatins?

Traditional Approach

  • Limited pregnancy complication coverage
  • Single view of maternity benefits
  • May miss important protection features

Whatins Advantage

  • Compare maternity coverage periods across insurers
  • See how pregnancy complications are covered
  • Understand both mother and child protection
  • Compare different waiting periods

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

What Does HSBC Life EmpoweredMum Cover?

For Mothers

  • Death Benefit: 100% of sum assured

  • Pregnancy Complications: 100% of sum assured for 15 covered conditions

  • Hospital Care: 2% of sum assured per day, up to 30 days

  • Early Delivery by Caesarean Section: 15% of sum assured

For Babies

  • Death Benefit: 100% of sum assured

  • Congenital Illnesses: 100% of sum assured for 26 covered conditions

  • Hospital Care: 2% of sum assured per day, up to 30 days

  • Developmental Delay: 15% of sum assured (up to S$3,000)

Additional Benefits with Bundled Plans

HSBC Life HappyMummy

  • Free 1st year HSBC Life Shield plan B cover for your newborn

  • Option to transfer HSBC Life Flexi Protector or HSBC Life - Life Treasure (II) from mother to child without underwriting

HSBC Life HappyFamily

  • Free 1st year HSBC Life Shield plan B cover for your newborn

  • Option to purchase HSBC Life Flexi Protector or HSBC Life - Life Treasure (II) for your newborn without underwriting

How Does It Work?

HSBC Life EmpoweredMum is a 3-year single premium plan that starts coverage from the 13th week of pregnancy . Here's a timeline of how it works:

  • From 13th Week of Pregnancy: Mother is covered for death, pregnancy complications, hospitalization, and early delivery

  • Birth of Newborn: Child is covered for death, congenital illnesses, hospitalization, and developmental delay

  • Within 60 Days of Child's Birth: Option to transfer or purchase additional coverage for the child. Free 1st year HSBC Life Shield plan B for the child (if eligible)

  • End of 3rd Policy Year: Coverage under HSBC Life EmpoweredMum ends for both mother and child. Continued protection under transferred or purchased policies

Covered Conditions

For Mothers

  • 15 pregnancy complications including abruptio placentae, amniotic fluid embolism, and pre-eclampsia

  • 10 hospital care events including complications of lactational mastitis and puerperal pyrexia

For Babies

  • 26 congenital illnesses including Down's syndrome, cerebral palsy, and congenital heart defects

  • 17 hospital care events including admission to ICU/HDU and severe neonatal jaundice

Real-Life Scenarios

Pregnancy Complication

If you're diagnosed with pre-eclampsia during pregnancy: You'd receive 100% of the sum assured . If hospitalized, you'd get 2% of sum assured per day, up to 30 days.

Congenital Illness

If your newborn is diagnosed with Down's syndrome: You'd receive 100% of the sum assured for the child . Any hospitalization would be covered at 2% of sum assured per day, up to 30 days.

Early Delivery

If you need a medically necessary caesarean section at 34 weeks: You'd receive 15% of the sum assured . Hospital care benefits would apply for both you and your baby.

Pros and Cons

Pros

  • Comprehensive coverage for both mother and child

  • Covers a wide range of pregnancy complications and congenital illnesses

  • Flexible bundled options for extended family coverage

  • Free 1st year HSBC Life Shield plan B for newborn (if eligible)

  • Option to transfer or purchase additional coverage without underwriting

Cons

  • Limited to a 3-year term

  • Single premium payment might be a large upfront cost

  • Some conditions and benefits have specific limitations or exclusions

Frequently Asked Questions

When does coverage start?

Coverage starts from the 13th week of pregnancy.

Can I get this plan if I have pre-existing conditions?

You should discuss any pre-existing conditions with an HSBC Life advisor to understand how they might affect your coverage.

Is the plan renewable after 3 years?

No, this is a 3-year single premium plan. However, you have options to continue coverage through other HSBC Life products.

What happens if I have twins or multiples?

The early delivery benefit only covers singleton pregnancies. You should discuss coverage for multiple births with your advisor.

How do I make a claim?

Contact HSBC Life as soon as possible after the event. They will guide you through the claim process.

Conclusion

HSBC Life EmpoweredMum offers a comprehensive solution for expectant mothers, providing peace of mind from pregnancy through the early years of parenthood . With its wide-ranging coverage for both mother and child, flexible bundled options, and additional benefits, it addresses many of the concerns that come with starting or expanding a family.

However, as with any insurance decision, it's important to carefully consider your personal needs, financial situation, and long-term family planning goals. The single premium payment and 3-year term might not suit everyone's financial planning, and the specific conditions covered should be carefully reviewed.

Remember, the best insurance is the one that gives you peace of mind and fits your specific circumstances. If you're considering HSBC Life EmpoweredMum or any other prenatal insurance plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on prenatal and family insurance. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible for you and your growing family.

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By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your family's future. Don't leave your family's protection to chance – get the expert advice you deserve today.