Picking the right maternity plan: Plans from major insurers

Several major insurers in Singapore have seen growing take-up of their maternity plans.
Several major insurers in Singapore have seen growing take-up of their maternity plans.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Awareness of maternity insurance has grown in recent years with more plans being launched and several major insurers in Singapore have seen growing take-up of their maternity plans. Here is a look at plans from major insurers.


AIA (AIA Mum2Baby Choices)

Type of plan:

Purchase with whole-life plan or investment-linked plan

Eligibility:

- 13 to 36 weeks of pregnancy

- 16 to 45 years old at last birthday

Premium for 30-year-old mother with singleton pregnancy:

- $395 for $5,000 sum assured

- $790 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

$530 for $5,000 sum assured

$1,060 for $10,000 sum assured

Coverage for mum:

- 14 pregnancy complications

- Hospital care benefit for 10 conditions

- Death benefit

- Major hospitalisation care benefit of 100% sum assured after deducting any payout under hospital care benefit for mum

Coverage for baby:

- 25 congenital illnesses

- Hospital care benefit for 5 conditions and 14 infectious diseases

Covers pregnancies through assisted reproductive technology? Yes, no additional premium

Other special features: Additional coverage for death due to medical negligence


Aviva (MyMaternityPlan)

Type of plan: Purchase with qualifying protection or savings plan

Eligibility:

- 13 to 36 weeks of pregnancy

-18 to 45 years old at next birthday

Premium for 30-year-old mother with singleton pregnancy:

- $319 for $5,000 sum assured

- $638 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

- $496 for $5,000 sum assured

- $992 for $10,000 sum assured

Coverage for mum:

- 10 pregnancy complications

- Hospital care benefit for 18 conditions

- Death benefit

Coverage for baby:

-23 congenital illnesses

- Hospital care benefit for 5 conditions

-Death benefit

Covers pregnancies through assisted reproductive technology? Yes, with additional premium

Other special features:

- Coverage for up to four babies in a single pregnancy. The benefits will apply to each baby as an insured child separately.

- One-time payout for stem cell transplant surgery

- Child developmental delay benefit

- Outpatient phototherapy benefit for treatment of severe neonatal
jaundice


AXA (AXA EmpoweredMum)


Some insurers offer the option to purchase certain plans for the baby within 90 days of birth without the need for medical underwriting. PHOTO: ST FILE

Type of plan: Purchase with qualifying life insurance plan

Eligibility:

- 13 to 36 weeks of pregnancy

- 18 years old at last birthday to 45 years old at next birthday

Premium for 30-year-old mother with singleton pregnancy:

- $399 for $5,000 sum assured

- $798 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

- $608 for $5,000 sum assured

- $1,216 for $10,000 sum assured

Coverage for mum:

- 15 pregnancy complications

- Hospital care benefit for 24 conditions

- Death benefit

Coverage for baby:

- 26 congenital illnesses

- Hospital care benefit for 17 conditions

- Death benefit

Covers pregnancies through assisted reproductive technology? Yes, no additional premium

Other special features:

- Early delivery by caesarean section benefit

- Child developmental delay benefit


Great Eastern (Flexi Maternity Cover)

Type of plan: Standalone

Eligibility:

- 13 to 40 weeks of pregnancy

- 18 to 45 years old at next birthday

Premium for 30-year-old mother with singleton pregnancy:

- $660 for $5,000 sum assured

- $1,104 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

- $866 for $5,000 sum assured

- $1,516 for $10,000 sum assured

Coverage for mum:

- 8 pregnancy complications

- Hospital care benefit for 8 conditions

- Death and total permanent disability (due to covered pregnancy complications) benefit

Coverage for baby:

- 18 congenital illnesses

- Hospital care benefit for 24 conditions

- Death (due to covered congenital illnesses) benefit

Covers pregnancies through assisted reproductive technology? No


Income (Maternity 360)

Type of plan: Standalone

Eligibility:

- 13 to 35 weeks of pregnancy

- 17 to 44 years old at last birthday

Premium for 30-year-old mother with singleton pregnancy:

- $390.55 for $5,000 sum assured

- $781.10 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

- $541.70 for $5,000 sum assured

- $1083.40 for $10,000 sum assured

Coverage for mum:

- 10 pregnancy complications

- Hospital care benefit for 8 conditions

- Death benefit

Coverage for baby:

- 23 congenital illnesses

- Hospital care benefit for 7 conditions

- Death benefit

Covers pregnancies through assisted reproductive technology? Yes, with additional premium

Other special features: Outpatient phototherapy benefit for treatment of severe neonatal jaundice


A posed photo of a pregnant woman. ST PHOTO: NEO XIAOBIN


Manulife (ReadyMummy)

Type of plan: Standalone

Eligibility:

- 13 to 36 weeks of pregnancy

- 18 to 46 years old at next birthday

Premium for 30-year-old mother with singleton pregnancy:

- $399 for $5,000 sum assured

- $798 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

- $595 for $5,000 sum assured

- $1,190 for $10,000 sum assured

Coverage for mum:

- 14 pregnancy complications

- Hospital care benefit for 8 conditions

- Death benefit

Coverage for baby:

- 24 congenital illnesses

- Hospital care benefit for 5 conditions

- Death benefit

Covers pregnancies through assisted reproductive technology? Yes, with additional premium

Other special features:

- Outpatient phototherapy benefit for treatment of severe neonatal jaundice

- Mental wellness benefit for psychotherapy treatment


Prudential (PRUMum)

Type of plan: Standalone, can also be purchased as part of bundle with wholelife plan

Eligibility:

- 13 to 36 weeks of pregnancy

- 19 to 46 years old at next birthday

Premium for 30-year-old mother with singleton pregnancy:

- $390 for $5,000 sum assured

- $748.80 for $10,000 sum assured

Premium for 40-year-old mother with singleton pregnancy:

- $580 for $5,000 sum assured

- $1,113.60 for $10,000 sum assured

Coverage for mum:

- 13 pregnancy complications

- Hospital care benefit for 9 conditions

- Death benefit

Coverage for baby:

- 25 congenital illnesses

- Hospital care benefit for 8 conditions

Covers pregnancies through assisted reproductive technology? Yes, from week 28, no additional premium for singleton pregnancy, additional
premium for multiple pregnancy

Other special features:

- Mental wellness benefit for psychological consultations and post-partum depression diagnosis

- Gestational diabetes benefit