Best Cheap Maternity Insurance 2019

Maternity insurance helps protect yourself and their newest family member. Read our guide to compare and find the best maternity insurance plan for your needs.

Table of Contents

Standalone Maternity Insurance Plans

Great Eastern and NTUC Income are standalone maternity insurance plans, meaning they don't come bundled with other insurance policies. However, they still give you the option to apply for an eligible policy via a simplified application after your child is born.

Great Eastern Flexi Maternity

Great Eastern's Flexi Maternity is a standalone maternity plan that provides death and total and permanent disability (TPD) coverage from 8 types of pregnancy complications and 18 congenital diseases. You can purchase this plan from the 13th week of pregnancy up until the 40th week, the longest eligibility period on the market. With this plan you will be covered for 30 days after giving birth and your infant will be covered until the end of the third policy year. Flexi Maternity also offers a daily hospital care benefit if you or your infant are hospitalised from any of the covered conditions or six additional conditions like premature birth, bronchitis and pneumonia.

However, it is important to note that that in-vitro fertilisation (IVF) pregnancy is not covered; and while women who are expecting twins are eligible for this policy, women pregnant with triplets or more are not. Nonetheless, this standalone plan doesn't require the purchase of any additional policies, which is a rare feature.

Premiums & BenefitsFlexi Maternity EssentialFlexi Maternity Enhanced
18-30 Yr-Old PremiumS$542S$869
31-39 Yr-Old PremiumS$660S$1,104
40-45 Yr-Old PremiumS$866S$1,516
Purchase Eligibility13-40 weeks of pregnancy13-40 weeks of pregnancy
Mother TPD & DeathS$5,000S$10,000
Child DeathS$5,000S$10,000
Pregnancy ComplicationsS$5,000S$10,000
Congenital IllnessS$5,000S$10,000
Hospital Care Benefits (30 Days)S$100/dayS$200/day
Premiums & BenefitsFlexi Maternity EssentialFlexi Maternity Enhanced
18-30 Yr-Old PremiumS$542S$869
31-39 Yr-Old PremiumS$660S$1,104
40-45 Yr-Old PremiumS$866S$1,516
Purchase Eligibility13-40 weeks of pregnancy13-40 weeks of pregnancy
Mother TPD & DeathS$5,000S$10,000
Child DeathS$5,000S$10,000
Pregnancy ComplicationsS$5,000S$10,000
Congenital IllnessS$5,000S$10,000
Hospital Care Benefits (30 Days)S$100/dayS$200/day

NTUC Income Maternity 360

NTUC Income's maternity plan is a standalone maternity plan that also gives you the option to add an additional life insurance policy for your child. You will be covered for death, 10 pregnancy complications and 23 congenital illnesses. There is also a daily hospital care benefit of 1% of your sum assured to help you pay for treating illnesses including postnatal anaemia, puerperal pyrexia and uterine infection (due to retained placenta) among others. Lastly, Income's Maternity 360 plan also covers outpatient phototherapy if your child develops severe neonatal jaundice. Unlike typical maternity policies that cover the mother only 30 days after the child is born, Income extends the mother's coverage for the full 3 policy years. Income's maternity plan does not come with a life insurance policy already attached, but comes with the option of purchasing a life insurance plan for your newborn 60 days after she/he is born.

Premiums & BenefitsMaternity 360 (S$5K)Maternity 360 (S$10K)
Premium (25-Year-Old)S$370.95S$741.90
Premium (30-Year-Old)S$387.70S$775.35
Premium (35-Year-Old)S$458.05S$916.10
Purchase Eligibility13-35 weeks of pregnancy
Mother/Child Death100% of sum assured
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care Benefits1% of sum assured/day
Outpatient Phototherapy Benefit (10 Days)1% of sum assured/day
Premiums & BenefitsMaternity 360 (S$5K)Maternity 360 (S$10K)
Premium (25-Year-Old)S$370.95S$741.90
Premium (30-Year-Old)S$387.70S$775.35
Premium (35-Year-Old)S$458.05S$916.10
Purchase Eligibility13-35 weeks of pregnancy
Mother/Child Death100% of sum assured
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care Benefits1% of sum assured/day
Outpatient Phototherapy Benefit (10 Days)1% of sum assured/day

Insurance-Linked Maternity Insurance Plans

Insurers like Prudential AIA and AXA bundle maternity insurance with an participating whole-life or investment-linked insurance policy. In other cases, like with Aviva, you can only buy maternity insurance if you are already insured under another qualifying plan.

Prudential PruFirst Gift

Prudential's PruFirst Gift Maternity insurance plan is a combined maternity coverage (PRUMum2Be) and Investment-Linked life insurance plan (PRULink Enhanced Protector). Death and pregnancy complications coverage spans between the time when you purchase the policy to the third year you have the policy. The congenital illness and hospital care benefit for your child will be valid up to their second birthday. Beyond the maternity benefits, you have the option of choosing 3 coverage amounts for the investment-linked portion. Prudential also includes the Crisis Cover Provider III, a critical illness plan that covers 36 critical illnesses.

BenefitsPruFirst Gift
Purchase Eligibility18-32 weeks of pregnancy
Mother/Child DeathS$5,000
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care BenefitS$2,500
BenefitsPruFirst Gift
Purchase Eligibility18-32 weeks of pregnancy
Mother/Child DeathS$5,000
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care BenefitS$2,500

Aviva MyMaternityPlan

Aviva's MyMaternityPlan is a supplemental maternity insurance plan that covers death, pregnancy complications and congenital illnesses. This means you or your spouse have to purchase one of Aviva's other health, critical illness or life insurance plans in order to be able to purchase MyMaternityPlan. The plans features include a one-time payout for stem cell transplant surgery and childhood developmental delays. Furthermore, Aviva's MyMaternityPlan covers up to 4 babies in a single pregnancy, regardless of the type of pregnancy (IVF, Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination (IUI) and Intracervical Insemination (ICI)).

BenefitsMyMaternityPlan
Purchase Eligibility13-36 weeks of pregnancy
Mother/Child Death100% of sum assured
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care Benefits1% of sum assured per day
Stem Cell Treatment (transplant surgery only)50% sum assured
Developmental Delay10% of sum assured
BenefitsMyMaternityPlan
Purchase Eligibility13-36 weeks of pregnancy
Mother/Child Death100% of sum assured
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care Benefits1% of sum assured per day
Stem Cell Treatment (transplant surgery only)50% sum assured
Developmental Delay10% of sum assured

AIA Mum2Baby & Mum2Baby Protect

AIA offers two maternity plan bundles, AIA Mum2Baby Protect and AIA Mum2Baby, which consist of maternity coverage for you and your newborn and a life insurance plan for your child. The AIA Mum2Baby Protect option offers a participating whole life plan, while the AIA Mum2Baby that offers an investment-linked life insurance plan. For the maternity portion, you will be covered from 10 pregnancy complications and death and have a hospital care benefit. Your child will be covered from 23 congenital illnesses and will receive a hospital care benefit as well. You will be covered even if your child is conceived via IVF, IUI, ICI and ICS.

BenefitsMum2Baby (Protect)
Purchase Eligibility13-32 weeks of pregnancy
Mother/Child Death100% of sum assured
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care BenefitS$100-S$200/day (30 days)
BenefitsMum2Baby (Protect)
Purchase Eligibility13-32 weeks of pregnancy
Mother/Child Death100% of sum assured
Pregnancy Complications100% of sum assured
Congenital Illness100% of sum assured
Hospital Care BenefitS$100-S$200/day (30 days)

AXA Mum's Advantage

AXA
AXA

AXA's Mum's Advantage is a combination of a maternity insurance plan (MumCare or MumCare Plus) and an investment-linked whole life insurance plan (INSPIRE FlexiProtector). It offers a death benefit for the mother, as well as coverage for 10 pregnancy complications and 18 congenital illnesses. There is also an additional hospital care benefit if you or your child are hospitalised from one of the covered conditions. Unlike other maternity plans on the market, you can choose to be covered for 3 or 6 years. However, it is important to note that this policy does not cover the death of the child and women who got pregnant via IVF will have to pay a higher premium.

BenefitsMumCareMumCare Plus
Purchase Eligibility16-36 weeks of pregnancy16-36 weeks of pregnancy
Death (Mother)S$5,000S$15,000
Pregnancy ComplicationsS$5,000S$12,000
Congenital IllnessS$5,000S$12,000
Hospital CareS$100/dayS$200/day
BenefitsMumCareMumCare Plus
Purchase Eligibility16-36 weeks of pregnancy16-36 weeks of pregnancy
Death (Mother Only)S$5,000S$15,000
Pregnancy ComplicationsS$5,000S$12,000
Congenital IllnessS$5,000S$12,000
Hospital CareS$100/dayS$200/day

How to Choose the Best Maternity Insurance

Maternity insurance is an optional policy, meaning you don't need to purchase it unless you are absolutely sure you will benefit from its coverage. If you are definitely interested, then it is important to consider your current insurance needs. Since most maternity plans come with a life insurance component, you may have to be prepared to also get a life insurance policy. This means that a combination maternity and life insurance plan may be suitable if you are already in the market for a whole life or investment-linked policy. However, if you are not looking for a new life insurance policy, then you may find a standalone maternity policy more suitable. If you are thinking of getting a policy that has a life insurance component, it's important to talk to a financial adviser to ensure the product will be suitable for you and your child's future needs.

Once you have narrowed down your search to the type of policy you want, you can compare the benefits of different plans. For instance, while some insurers offer coverage for 18 congenital illnesses, other insurers cover 23. While some insurers cover any type of pregnancy, others will refuse coverage or will charge you more if you have gotten pregnant via IVF. Furthermore, insurers have different eligibility periods, giving you more or less time to sign up for the policy. For example, some insurers let you buy the policy as late as your 40th week of pregnancy, while others have an eligibility cut off at 32 weeks . Lastly, price is another important factor to consider. Because you can only pay premiums once, you will have to make sure you have enough cash available. This is especially important if you are an older woman, since maternity plans can cost over S$1,000 for women over 40.

Frequently Asked Questions

Want to learn more about this product? Read our answers to some commonly asked questions about maternity insurance.

Maternity insurance is a term insurance product that provides coverage for pregnant women and their newborn child. Typically, the coverage spans from 13 weeks of pregnancy to the 3rd year of the child's life. It covers pregnancy complications, congenital illnesses and death due to these conditions. Maternity insurance policies also have a hospital care benefit that provides coverage for additional illnesses such as bronchitis, premature birth, uterine rupture and more. Unlike most critical illness and health insurance products, insurers typically package maternity insurance with a life insurance product. This means that consumers interested in maternity insurance have to be prepared and comfortable with buying a life insurance product as well.

Mothers will receive coverage for 8-10 different types of pregnancy complications and around 18 post-childbirth conditions. Please see the table below for examples of covered conditions. Because each insurer provides their own level of coverage, you should always make sure you read the policy wording to see which conditions are covered. Maternity insurance does not cover typical pregnancy costs like normal childbirth, prenatal and postnatal check ups or vaccinations.

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

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

Newborns will receive coverage for 18-23 congenital illnesses. They will also be covered for 5-7 illnesses under the hospital care benefit if the condition requires Intensive Care Unit (ICU) or High Dependency Unit (HDU) admission. As with the mother's coverage, you should read the policy wording for the exact conditions your insurer covers. Below, we provide an example of covered conditions.

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

Covered Conditions Under Hospital Care Benefit

  • Hand, Foot & Mouth Disease
  • Incubation of Newborn (3 Days +)
  • Pneumonia
  • Bronchitis
  • Premature Birth
  • Dengue Fever
  • Severe Neonatal Jaundice

Maternity insurance could benefit expecting mothers who want extra coverage against serious pregnancy-related medical conditions. Thus, while it is not necessary, some families may find it useful. For instance, while Integrated Shield Plans offer coverage for basic pregnancy complications like ectopic pregnancy or eclampsia, they do not cover a myriad of other conditions maternity insurance covers. Not every integrated shield plan has a newborn benefit that covers congenital illnesses and ICU admissions. Furthermore, while Medishield Life is expanding their coverage to 24 pregnancy complications, the covered conditions do not completely overlap with the ones covered by maternity insurance plans.

However, maternity insurance does come with its own set of potential concerns. For instance, besides Great Eastern's maternity insurance plan, you may be obligated to purchase a protection insurance policy (typically life insurance) as well. Life insurance is a long-term commitment and cancelling a policy early may result in financial losses (low surrender value) and termination fees. Because of this, it is recommended that you speak with a financial adviser if you believe maternity insurance is necessary for your pregnancy.

Disclaimer

Purchasing a life insurance policy is a long-term commitment and requires consultation with a financial adviser. We do not claim to endorse or promote any particular product and all information shown here is for general education purposes only. Please speak to a financial adviser if you are interested in purchasing any of these products.

Anastassia Evlanova

Anastassia is a Research Analyst at ValueChampion Singapore, focusing on insurance. She graduated with Honors from Mohawk College with a postgraduate diploma in International Business Management and holds a B.A. in Economics from New York University. Her prior working experience includes work in the capital markets sector.

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