Maternity insurance is a crucial financial safeguard for expecting mothers and their newborns, providing comprehensive coverage that ensures their well-being throughout pregnancy and beyond. This insurance is designed to address the unique healthcare needs of both mothers and infants, offering peace of mind and financial security during this significant life phase. Whether you are an expectant mother or planning to start a family, understanding the value of maternity insurance is essential for making informed decisions about your family’s well-being.
Join us as we delve into the world of maternity insurance and discover how it can be your trusted companion on this beautiful journey of motherhood.
Prudential: PRUFirst Promise
PRUFirst Promise is a bundled maternity insurance plan that combines the strengths of PRUMum and PRUActive Life III to provide comprehensive protection for both expectant mothers and their babies during pregnancy and beyond. This innovative plan is tailored for expecting mothers in the 13 to 36 weeks of pregnancy range and even covers assisted pregnancies like In Vitro Fertilisation (IVF).
What PRUFirst Promise Offers
- Coverage for Expecting Mothers: PRUMum takes care of pregnancy complications, congenital illnesses, mental wellness care, gestational diabetes mellitus, and hospital care benefits, ensuring the well-being of mothers during this crucial phase.
- Seamless Transition to Baby: PRUActive Life III can be seamlessly transferred from the mother to the baby without the need for medical underwriting. This provides comprehensive protection for the baby against Death, Terminal Illness, and Total and Permanent Disability from the very beginning.
- Health Cover for Child: PRUFirst Promise offers hassle-free protection for your baby’s healthcare needs, without the need for medical underwriting. Secure their well-being from the start.
Key Benefits for Mothers
- Early and Comprehensive Coverage: PRUFirst Promise allows mothers to initiate coverage as early as 13 weeks into pregnancy, extending until the end of the fourth policy year. You can enjoy protection against up to 17 pregnancy complications.
- Mental Wellness Care: Cover the costs of Psychological Consultations (up to $100/session) and Postpartum Depression diagnosis (up to $1,000).
- Gestational Diabetes Mellitus (GDM): Protect yourself against GDM, its resulting conditions, and complications (up to $2,000).
- Hospital Care Benefit: Receive up to S$400/day as hospital cash payout for up to 50 days, helping defray medical expenses during an unprepared hospitalization stay for 26 conditions, including complications of Lactation Mastitis. With the Hospital Care Accelerator, receive payouts for any hospitalization lasting 30 days or Intensive Care Unit admission.
Key Benefits for Children
- Congenital Illnesses: PRUFirst Promise covers the baby against 25 Congenital Illnesses, including conditions like Down’s Syndrome.
- Hospital Care Benefit: In cases of hospitalization for any of the 8 covered conditions, such as Hand, Foot, and Mouth Disease or treatment for severe Neonatal Jaundice and Premature Birth, you will receive a daily payout equivalent to 2% of the sum assured. For more serious hospitalizations, the Hospital Care Accelerator Benefit provides additional financial support.
- PRUActive Life III from Mum to Baby: This plan covers Mum for Death and Terminal Illness, with 50% of the chosen sum assured for the Baby, including the Multiplier Benefit (if added). Upon the birth of the baby, the PRUActive Life III policy is seamlessly transferred from Mum to Baby without medical underwriting. Additionally, mothers have the option to add supplementary benefits to cover Early Critical Illnesses and Critical Illnesses for the baby without medical underwriting.
- Health Cover for Child: Secure your baby’s healthcare needs by signing up with a PRUShield Plus or PRUShield Standard plan within 14 to 90 days from birth without the need for medical underwriting.
Extra Features
- Early Crisis Care (PRUActive Life III): Enhance coverage up to 5 times the initial amount, providing coverage for a wide range of early and intermediate-stage medical conditions. Receive up to $350,000 in claims and additional coverage for special benefits like the Benign Tumour Benefit for the baby. This coverage also protects against various Juvenile Medical Conditions such as ADHD, Dyslexia, and Autism, and can be added if Crisis Care is included.
- Crisis Care (PRUActive Life III): Enhance coverage up to 5 times the initial amount, covering a broad range of late-stage medical conditions. Receive payouts for serious illnesses or accidents affecting major organs that result in ICU admission.
PRUFirst Promise ensures that both mothers and babies receive comprehensive financial protection tailored to various medical conditions and situations. Here are some additional tips for choosing a maternity insurance plan:
- Start shopping for a plan early, ideally at least 10 to 24 months before conception. This will give you more time to compare plans and find the best one for you.
- Consider your budget and coverage needs carefully. Make sure to choose a plan that will cover all of your expected expenses.
- Read the fine print carefully. Make sure you understand all of the terms and conditions of the plan before you sign up.
- Speak to a financial advisor. A financial advisor can help you compare plans and find the best one for you.
I hope this helps!
