Best Maternity Insurance: Top Insurance Plans In The Philippines To Protect You And Your Family

Are you planning for a baby? Then you must sign up for the best maternity insurance in the Philippines for a hassle-free pre- and post-natal experience.

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.

This is where a maternity insurance policy comes in. 

What is maternity insurance?

Maternity insurance covers most of a mother’s pre-and post-natal expenses. This includes any sudden accidents, unforeseen pregnancy, and childbirth complications, as well as other related issues. Maternity insurance also covers the newborn child.

If there are pregnancy and birth complications, maternity insurance will pay out a lump sum called sum assured. How much is paid out depends on the amount of the policy taken, the kind of complication faced, and the length of hospital stay. 

Why do you need a maternity insurance?

A maternity insurance is a good financial protection for the mother and the baby. This provides you with security when unforeseen events like an emergency caesarean delivery or birth complications happen. When you have maternity insurance, you can be assured that you and your baby will still have the best care whatever happens. 

If you’re just planning to have a baby, consider getting a pregnancy insurance now, as there is usually a waiting period before the benefits can be claimed.    

How to choose the best maternity insurance in the Philippines

You can find plenty of pregnancy insurance policies in the market but how do you choose the best one from the rest? In the Philippines, there are currently no standalone maternity insurance plans, only health insurance policies with included maternity benefits.  

When consulting insurance advisors, it would help if you ask them about the following criteria:

Span of coverage.

Aside from the overall scope of the health insurance policy, zero in on their maternity benefits like pre-and post-natal care, number of pregnancy and birth complications, as well as congenital anomalies covered. 

Sum assured for pregnancy insurance. 

Consider the hospital where you plan on giving birth. Ensure that the sum assured covers any possible type of delivery you will have, and will cover the cost of possible complications. This way, dipping on your savings when the need arises will be one less thing to worry about.  

Assisted pregnancies.

While you may still be in the pink of health today, there is no telling how long it may take for you to conceive. It won’t hurt to ask if the policy covers assisted pregnancy methods such as in vitro fertilization (IVF). 

Additional benefits in insurance for pregnancy.

Make the most out of your insurance policy and check what additional benefits you can claim. Many insurers make their plans stand out by offering extra perks like daily cash incentives during your hospital stay, or allowance for prenatal vitamins and supplements.

Budget.

Set a budget and make a list of priorities on what you want for your plan. This will help you be strategic and practical in choosing a policy you can commit to. Remember that having maternity insurance should provide you with peace of mind, no additional burden.

Exclusions.

We did the research for you and have come up with a shortlist of best  insurance policies with maternity benefits in the Philippines. 

Best Maternity Insurance in the Philippines

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:

SunLife Maiden Plus

Best Maternity Insurance for Large Families

SunLife Maiden Plus, an insurance plan tailor-made for women, includes maternity benefits like financial assistance for up to three children delivered. It also has sum assured for three types of pregnancy complications.   

The policy of this best insurance plan for pregnancy in the Philippines also provides life insurance coverage, benefits for seven kinds of critical illnesses including six types of cancer, plus health, and wellness benefits. 

Maternity benefit highlights:

• Benefit for every child delivered (maximum of three).
• Sum assured for three types of pregnancy complications.
• Policy needs to be in place for one year before availing of benefits.

Get a head start on preparing for your future baby by getting maternity insurance. It is worth a discussion with your significant other if it means you’ll have the peace of mind and comfort that your finances are in order. That way, you can concentrate on taking care of your pregnancy and the arrival of your little one when the time comes. 

Pru Life UK PruShield

Best Maternity Insurance with Hospitalization Benefits

AXA Global Health Access

Best Maternity Insurance for Expats and Globetrotters

AXA’s Global Health Access (GHA) policy, particularly its Gold and Platinum plans, offers comprehensive inpatient and outpatient coverage, together with wellness benefits which includes health screening, optical and dental care, and maternity.

The GHA Gold and Platinum, best insurance plan for pregnancy Philippines has to offer, plans include pregnancy financial benefits, which covers prenatal check-up, consultations, lab tests, and hospitalization costs for delivery.

They also cover pre- and post-natal complications. Should the complication require the newborn to be separated from the mother, the newborn accommodation costs will also be covered by the policy. Cost of prenatal vitamins and other supplements can also be reimbursed. 

As the name suggests, this policy is valid worldwide, and can be used even with doctors and hospitals not affiliated with the insurer. Depending on the plan, the policy may also cover assisted pregnancies, subject to limits and certain conditions.

Maternity benefit highlights:

• Can be used worldwide.
• Financial benefit for prenatal check-up, lab tests, and delivery.
• Coverage for pre- and post-natal complications.
• Coverage for newborn accommodation costs.
• Reimbursable purchase of prenatal vitamins and other supplements. 
• Policy must be in place for one year before you can avail the benefits.

Manulife Eve

Best Maternity Insurance with Complete Coverage

Manulife’s special health insurance for women, Manulife Eve, provides benefits for pregnant women pre- and post-delivery. 

You get daily cash benefits for up to one week stay at the hospital after delivery, for up to two childbirths. This best insurance plan for pregnancy in the Philippines also covers four pregnancy complications and six congenital illnesses. 

Aside from that, the policy has coverage for 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.

Maternity benefit highlights:

• Childbirth Daily Hospital Income Benefit for each day of hospital stay up to 7 days.
• Sum assured for 4 types of pregnancy complications.
• Sum assured for 6 kinds of congenital illnesses. 
• Policy needs to be in place for one year before you can avail its benefits.

Pacific Prime Maternity Insurance

Best International Maternity Insurance

Pacific Prime Maternity Insurance offers a wide range of international maternity health insurance options to expatriates worldwide, including the Philippines. Their policies are renewable for life, can access internationally, and can cater to your health needs, such as medical protection anywhere in the world. 

Maternity benefit highlights:

This Pacific Prime Maternity Insurance that are intended for expats includes:

• Normal delivery costs.
• Complication of delivery.
• Medically necessary cesarian sections.
• Pre and post-natal examinations.
• Home delivery costs.

Aside from maternity insurance, you should also consider getting an educational plan for your child's future. Read: 5 Best Child Educational Savings Plan in the Philippines For Their Future