Best Maternity Plans Singapore 2023
Most Insurers today have Maternity Insurance today in Singapore. While there are so many types of Maternity plans in the market, understanding the details of the insurance product can be crucial.
What is a Maternity Insurance Plans?
They are insurance plans that cover for pregnancy complications (for expecting mother) and congenital illnesses (for baby). Typically taken up at the end of the first trimester, Maternity Insurance covers for pregnant mothers as well as their baby, with some insurers as early as 13th week into the pregnancy. It covers the child up to 3 or 6 years for congenital illnesses and in some cases, whole life coverage with a high death protection and critical illness coverage, including early to advance stages.
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Do You Really Need Maternity Coverage?
Being pregnant is definitely not an easy task. Maternity plan essentially covers for pregnancy complications and congenital illnesses, as well as hospital charges to a certain extent. That being said, usual gynaecology check ups are not covered for.
In these scenarios, Whole Life Insurance plans may be more suitable as it may even be lower in cost than spending the premium on a Stand-alone Early Stage CI coverage.
Pregnancy Complications & Congenital Illnesses
Covering conditions during pregnancy & congenital illnesses upon birth of the child, Maternity plans provides the protection during this period of time.
Option to Tranfer
In the event of pre-existing conditions upon birth, the option to transfer or purchase a new protection with minimal or without medical underwriting is the greatest present you can gift upon your child.
Bundled Protection
Cover for the unborn child for Death & Total Disability, as well as Critical Illnesses – without medical underwriting when they are born, even if they have conditions.
Best Maternity Insurance Plans in Singapore 2023
Not all Maternity plans are suited to every mothers. To help you stay well informed of the best maternity plan for you, have a read at our analysis and review of the maternity plans in the market. We pick the top, competitive and best valued plans for your considerations.
Singlife with Aviva
Singlife Maternity Care
Singlife with Aviva
Singlife Maternity Care
The Singlife Maternity Care covers for Stem Cell treatment and developmental delays. However, to be able to purchase, you or your spouse have to purchase other Aviva policies.
AXA
HappyMummy (Bundled)
AXA HappyMummy (Bundled)
AXA’s HappyMummy is a bundled combination of a 3 year maternity plan with a Whole Life or ILP that comes with the Option to Transfer to baby (even with Early CI) without medical underwriting. Very powerful feature for parents!
NTUC Income
Maternity 360
NTUC Income Maternity 360
NTUC Income’s Maternity 360 is a Stand-alone maternity plan that offers option of Whole Life/Endowment/ILP plan after child is born. It is also lowest in premiums.
And the winner goes to...
And the winner goes to...
WINNER
5/5
AXA
HappyMummy
With the Option to Transfer the Whole Life plan with its attaching riders, this means parents can include Early CI protection even before the child is born and have the assurance that the coverage has the flexibility to keep with Mum (should it be needed), or transfer to the kid, even with pre-existing condtions.
AXA’s Whole Life plan is also one of the more competitive one in the market.
Best Standalone
5/5
NTUC Income Maternity 360
When it comes to Standalone frills-free Maternity plan, NTUC Income’s Maternity 360 provides one of the most comprehensive coverage and competitive premium. It also comes with benefits to option to take up a savings, whole life or ILP upon the birth of your child.
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Frequently Asked Questions
Maternity Insurance plan is a type of term insurance that covers for expecting mothers as well as the baby. It also extends to the first 3 or 6 years of the child after he/she is born and covers for juvenile conditions like ADHD, Wilson’s Disease & Autism Spectrum Disorder. Usually eligible to purchase upon the 13th week of pregnancy, maternity plans insures pregnancy complications, congenital illnesses, financial assistance like hospital benefit and for some insurers, specific treatment like stem cell surgery (for newborns) and psychotherapy (for mothers slipping into depression).
Maternity Insurance plans are also typically bundled with a whole life or Investment-linked policy, or stand-alone ones with the option to add-on a whole life, endowment or investment-linked policy with simplified or no medical underwriting.
Usual Covered Pregnancy Complications
- Abruptio Placentae
- Amniotic Fluid Embolism
- Disseminated Intravascular Coagulation
- Fatty Liver of Pregnancy
- HELLP Syndrome
- PLacenta Increta/Percreta
- Postpartum Haemorrhage requiring Hysterectomy
- Pre-Eclampsia/Eclampsia
- Still Birth
- Uterine Rupture
Usual Covered Conditions for Mother’s Hospital Care Benefit
- Abruptio Placentae
- Amniotic Fluid Embolism
- Fatty Liver of Pregnancy
- Disseminated Intravascular Coagulation
- HELLP Syndrome
- Postnatal Anaemia
- Inpatient Psychiatric Treatment
- Placenta Increta/Percreta
- Postpartum Haemorrhage
- Pre-Eclampsia/Eclampsia
- Puerperal Pyrexia
- Pulmonary Embolism
- Repair of 4th Degree Perineal Tear
- Septic Pelvic Thrombophlebitis
- Still Birth
- C-Section Surgical Site Infection
- Uterine Infection/Transfusion from Retained Placenta
- Uterine Rupture
Usual Covered Congenital Illnesses
- Absence of 2 Limbs
- Anal Atresia
- Atrial Septal Defect
- Biliary Atresia
- Cerebral Palsy
- Cleft Palate/Lip
- Club Foot
- Congenital Cataract
- Congenital Blindness
- Congenital Deafness
- Congenital Diaphragmatic Hernia
- Congenital Diaphragmatic Hernia
- Congenital Hip Dislocation
- Down’s Syndrome
- Infantile Hydrocephalus
- Retinopathy of Prematurity
- Spina Bifida
- Tetralogy Fallot
- Transposition of Great Vessel
- Truncus Arteriosus
- Ventricular Septal Defect
- Patent Ductus Arteriosus
- Congenital Hypertrophic Pyloric Stenosis
Usual Covered Conditions Under Hospital Care Benefit
- Hand, Foot & Mouth Disease
- Incubation of Newborn (3 Days +)
- Pneumonia
- Bronchitis
- Premature Birth
- Dengue Fever
- Severe Neonatal Jaundice
