Are you planning for a baby? Then you must sign up for maternity insurance for a hassle-free pre- and post-natal experience.
What you can read in this article:
- How to Choose the Best Maternity Insurance in the Philippines
- 6 best maternity insurance in the Philippines
It is that time in your life when you’re all excited to bring a new soul into this world. That tingling sensation you get when you anticipate the birth of your child and hear the first heartbeat inside you is an incomparable emotion.
However, amidst all the joy and excitement, you may tend to forget about your hospital expenses and overall pregnancy costs. If you don’t plan in advance, you may end up spending most of your savings on delivery costs and any sudden health-related issues.
If you want the best facilities for you and your baby, you should get a maternity insurance policy. Maternity insurance covers most of your pre- and post-natal expenses, including any sudden accidents, baby’s illness, unforeseen childbirth complications and other related issues.
You can find plenty of maternity insurance policies in the market but how do you choose the best one from the rest?
How to Choose the Best Maternity Insurance in the Philippines
When you’re buying something, you don’t go with the first product that you see in the market. Similarly, you must consider certain things before finalising on one maternity insurance plan.
You should go for a maternity insurance that covers the mother and child, pregnancy complications, baby’s illnesses, vaccination charges, lifelong child protection, and pre- and post-natal expenses.
It’s also important to check for the premium charged, early coverage options and policy exclusions.
Best maternity insurance in the Philippines to prepare for unforeseen costs
Most maternity insurance plans come with a long waiting period, which means you’ll have to plan and buy a suitable policy well in advance. To help you find the best policy, here’s a list of the top maternity insurance services in the Philippines shortlisted based on the services offered:
Best maternity insurance in the Philippines | Image from Shutterstock
1. Pacific Prime
Why it’s Great?
Pacific Prime offers a host of maternity insurance plans and also lets you customise your plan based on your needs.
It provides 24-hour coverage on pre- and post-natal treatments, delivery complications, normal/caesarean delivery, delivery post-fertility treatment, newborn childcare, congenital birth defects, doctor consultations and other healthcare services.
Additionally, it has a shorter waiting period, so you can take your time to plan and buy your insurance.
Features we love
Highlights:
- 24-hour coverage
- Shorter waiting period
- A host of insurance plans, personalised plans
- Covers delivery complications, pre- and post-natal treatments, normal/caesarean delivery, delivery post-fertility treatment, congenital birth defects, newborn childcare and more
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Why it’s Great?
Manulife’s special health insurance for women provides complete protection for pregnant women pre- and post delivery, starting from the 13th week of pregnancy.
You get daily cash benefits for 1 week stay at the hospital and coverage on pregnancy complications, 35 critical illnesses, congenital diseases, major surgery and more. You’ll receive 95% of the face amount in case you’re diagnosed with the listed 35 major illnesses and 20% of the face amount for female-specific cancer treatment.
Features we love
Highlights:
- Eligibility for purchase: 13th week of pregnancy onward
- Covers congenital illnesses, pregnancy complications, 7 days hospital stay, 35 critical illnesses, major surgery, accidents, psychotherapy treatment and more
Best maternity insurance in the Philippines | Image from Unsplash
Why it’s Great
Sit back and relax while Aviva MyMaternity Plan takes care of your pre- and post-natal expenses, covering stem cell transplant surgery and up to four babies in one pregnancy.
It’s one of the best maternity insurance plans in the Philippines, offering coverage from the 13th week of pregnancy, with an option to purchase a lifelong protection. However, to buy this policy, you or your spouse will have to sign up for Aviva’s savings, retirement, life or other available policies.
Features we love
Highlights
- Eligibility for purchase: within 13-36 weeks of pregnancy
- Covers IVF/ICSI/ICI/IUI pregnancies, 30 days daily hospital care, 23 congenital illnesses, hospitalisation, stem cell transplant surgery, 10 pregnancy complications and more
- Option to purchase lifelong protection, offers more than one payout
4. Great Eastern’s Flexi Maternity Cover
Why it’s great?
What you’ll love most about this policy is its affordability, shorter term and longer purchase eligibility period. While it excludes protection on pregnancies with triplets and IVF pregnancies, it offers great benefits on other healthcare expenses.
With Great Eastern’s Flexi Maternity Cover, get protection on 18 congenital illnesses, 8 pregnancy complications, permanent disability, 30 days hospital care, death and other health related issues.
Features we love
Highlights:
- Eligibility for purchase: within 13-40 weeks of pregnancy
- Covers permanent disability, $200/day hospital care for 30 days, 18 congenital illnesses, death, 8 pregnancy complications and more
- Baby’s protection up to the end of the third policy year, mother’s protection up to 30 days post childbirth
- Option to purchase lifelong protection
- Short-term and affordable
Best maternity insurance in the Philippines | Image from Shutterstock
Why it’s Great?
Income’s Maternity 360 is an ideal standalone maternity insurance policy for you, with its affordable premiums and easy application procedure.
It covers a wide range of healthcare expenses for the mother and baby, and gives 100% of the assured amount for congenital diseases and pregnancy complications. Although there’s no coverage on IVF pregnancies, you can be rest assured that most of your pre- and post-natal expenses are taken care of by the policy.
Features we love
Highlights:
- Eligibility for purchase: within 13-35 weeks of pregnancy
- 3 years maternity insurance with a single premium
- Covers mother and baby up to 3 years of policy, 23 congenital diseases, 10 pregnancy complications, death, hospitalisation and baby’s phototherapy treatment
- Affordable premiums, easy to apply
6. AIA’s Mum2Baby Choices
Why it’s Great
With AIA’s Mum2Baby Choices maternity insurance, the mother and baby can enjoy immense benefits on most hospital expenses. It covers IVF/ICI/IUI/ICS pregnancies, congenital diseases, medical negligence, hospitalisation, pregnancy complications and more, while providing lifelong protection for your baby.
However, note that the policy doesn’t include pregnancies with triplets, intake of non-prescribed drugs, abortion, pre-existing illnesses and a few other conditions.
Features We Love
Highlights:
- Eligibility for purchase: within 13-32 weeks of pregnancy
- Lifelong protection for your baby
- Covers congenital diseases, pregnancy complications, IVF/ICI/IUI/ICS pregnancies, hospitalisation, medical negligence, death and more
Inquire for an AIA’s maternity insurance today!
Have you made your choice yet? These are the best maternity insurance plans available to you in the Philippines so opt for the best suitable plan from this list and have a worry-free maternity experience.
