Maternity Insurance in Singapore: Protecting Your Journey to Motherhood

Maternity insurance is a specialized form of health coverage designed to support expectant mothers throughout pregnancy, childbirth, and the immediate postnatal period. In Singapore's context, where healthcare costs are rising and the desire for quality maternal care is high, maternity insurance plays a crucial role in providing financial security and peace of mind for growing families.

How Maternity Insurance Works in Singapore

Maternity insurance in Singapore typically operates as a rider or add-on to existing health insurance policies. It covers expenses related to pregnancy complications, hospitalization during childbirth, and sometimes newborn care. Policyholders pay premiums, usually starting before conception, to activate coverage that lasts throughout the pregnancy and for a specified period after delivery.
Most plans in Singapore have a waiting period of 10-12 months before coverage begins, encouraging early planning. Once active, the insurance covers a range of pregnancy-related medical expenses, subject to policy terms and limits.

Benefits of Maternity Insurance in Singapore

• Financial Protection: Covers high costs associated with pregnancy complications and childbirth.
• Comprehensive Coverage: Includes pre and post-natal care, hospitalization, and sometimes fertility treatments.
• Access to Quality Healthcare: Enables choice of private hospitals and specialists.
• Newborn Coverage: Often includes insurance for the baby from birth.
• Peace of Mind: Reduces stress related to unexpected medical expenses during pregnancy.
• Customizable Plans: Options to tailor coverage to individual needs and budgets.
• Tax Benefits: Premiums may be eligible for tax relief under certain conditions.

12 Best Maternity Insurance Policies in Singapore 2024

Following is a list of the 12 best maternity insurance in Singapore 2024 offered by top maternity life insurance companies.

• Great Maternity Care 2

  • Comprehensive coverage for mother and child, including pregnancy complications, congenital illnesses, and hospitalization.
  • Guaranteed Insurability Benefit allows purchase of additional coverage without medical underwriting within 90 days of birth.
  • Unique Mum Again Benefit for purchasing another policy for subsequent pregnancy without medical underwriting.

• AIA Mum2Baby Choices

  • Protection from 13th week of pregnancy with guaranteed lifelong protection for the child.
  • Flexibility to transfer base plan and riders to child within 60 days from birth without medical questions.
  • Covers pregnancy complications, congenital illnesses, and hospital care benefits for both mother and baby.

• Singlife Maternity Care

  • Covers 10 types of pregnancy complications, 23 congenital illnesses, and loss of life for both mother and child.
  • Financial assistance for hospitalization due to illnesses and pregnancy complications with multiple claims allowed.
  • Coverage for up to four babies in a single pregnancy, including IVF conceptions.

• Maternity 360

  • Comprehensive 360° protection for mother and baby for up to 3 years.
  • Simplified application benefit for purchasing new insurance for newborn with simple health declaration.
  • Continuous coverage even with multiple insured event claims.

• PRUFirst Gift II

  • Coverage from 13 weeks of pregnancy, protecting against 17 pregnancy complications.
  • Seamless transfer of lifelong protection from mother to baby at birth without underwriting.
  • Combines protection with investment opportunities through PRUActive LinkGuard.

• PRUMom

  • Coverage for 13 pregnancy complications and 25 congenital illnesses.
  • Includes mental wellness care, covering psychological consultations and postpartum depression diagnosis.
  • Flexible hospital care benefits with Hospital Care Accelerator for extended or ICU stays.

• PRUFirst Promise

  • Comprehensive coverage for pregnancy complications, congenital illnesses, and lifetime protection for the child.
  • Mental wellness care coverage for the mother, including postpartum depression diagnosis.
  • Hospital care benefit for both mother and baby with daily payouts for various conditions.

How to Choose the Best Maternity Insurance Plan in Singapore

• Assess Coverage Limits: Ensure the plan covers expected costs of your preferred hospital and delivery method.
• Check Waiting Periods: Understand when coverage begins and plan accordingly.
• Review Exclusions: Be aware of what's not covered, especially regarding pre-existing conditions.
• Compare Premiums: Balance cost with coverage to find the best value.
• Evaluate Newborn Benefits: Look for plans that offer immediate coverage for your baby.
• Consider Your Health History: Choose plans that accommodate any pre-existing conditions.
• Read Customer Reviews: Gauge insurer reputation and claim settlement efficiency.
• Consult a Financial Advisor: Get professional advice tailored to your specific situation.

Types of Maternity Insurance Available in Singapore

• Standalone Maternity Plans: Dedicated policies covering pregnancy and childbirth.
• Health Insurance Riders: Add-ons to existing health insurance policies.
• Integrated Shield Plans: Comprehensive health plans with maternity coverage options.
• Group Insurance Plans: Employer-provided plans that may include maternity benefits.
• International Health Insurance: Global coverage plans that include maternity benefits.

Maternity Insurance for Different Life Stages in Singapore

Remember, maternity insurance needs vary based on individual circumstances. It's advisable to consult with a licensed financial advisor to find the best plan for your specific situation in Singapore's healthcare landscape.