Insurance

Best Maternity Insurance Singapore 2021

Are you looking for a standalone maternity insurance plan? In this article, we highlight the pros and cons of maternity plans to help you decide which plan is right for you.

  • Phuan Wei Ning
  • |
  • Published on 04 Aug 2021

In our previous article "Is maternity insurance a must-have for all expecting mothers?", we explained what a maternity insurance encompasses and when to consider getting a maternity plan for coverage. If you are interested in getting a maternity plan, this is what you need to know about the plans offered.


#1 ReadyMummy

Underwritten by Manulife, ReadyMummy is a maternity plan that offers coverage for expecting mothers from as early as 13 weeks into your pregnancy. This plan includes coverage for 14 specified pregnancy complications for the mother and 24 specified congenital illnesses for the child. Hospital care benefits are also given to both the mother and child. In the event that the mother or child is hospitalised, a daily hospital cash benefit will be given. This benefit will be 1% of the sum insured and is payable for up to 30 days of hospital stay.

ReadyMummy is suitable to be used by mothers who are expecting through assisted conception procedures. This is because ReadyMummy will cover pregnancy by In Vitro Fertilisation (IVF), Intrauterine Insemination (IUI) and Intracervical Insemination (ICI) for an additional premium. This is something that not all maternity plans has coverage for.

Additionally, this policy also covers the mother for psychotherapy treatment if she is diagnosed with Major Depressive Disorder (MDD) or Generalized Anxiety Disorders (GAD). A payment of 30% of your sum assured will be given thus supporting your mental health and wellness.

A one-off single premium payment is necessary for this plan for a policy term of 3 years. This plan also guarantees the child insurability and gives the option to buy a whole life plan from Manulife, for up to $200,000 sum assured and without the need for any medical underwriting. This can be done within 90 days from the birth of the child. You may also opt to add-on critical illness riders to the whole life plan.

ReadyMummy by Manulife
Pros
Cons
  • Suitable for mothers who are expecting through assisted conception procedures
  • Supports mothers’ mental health and wellness with coverage for psychotherapy treatment
  • Covers for 14 specified pregnancy complications for the mother and 24 specified congenital illnesses for the child
  • Hospital care benefit for both mother and child
  • Available for expecting mothers from 13 to 36 weeks of pregnancy
  • Child is guaranteed insurability and an eligible plan may be purchased within 90 days from birth
  • Up to $20,000 sum assured available if you would like a higher coverage for your maternity plan
  • Only one option for eligible plan under the guaranteed insurability option.
  • *Annual premiums: $798

    (See "Disappointed with the new integrated shield riders? This is what we think")


    #2 Maternity 360

    Maternity 360 is a maternity plan underwritten by NTUC Income. This plan includes coverage for 10 specified pregnancy complications for the mother and 23 specified congenital illnesses for the child. Similar to ReadyMummy, Maternity 360 also has hospital care benefits for both the mother and child with a daily cash benefit given in the event of a hospital stay from a specified condition. This benefit will be 1% of the sum insured and is payable for up to 30 days of hospital stay.

    Maternity 360 also requires a one-off single premium for 3 years of policy coverage. This plan is available for expecting mothers from 13 weeks up to 35 weeks of pregnancy. The child is also guaranteed insurability with the option to purchase eligible plans from NTUC Income. However, what makes Maternity 360 different is that parents can choose to buy multiple plans for their child. This can be done as long as the total sum assured of all plans does not exceed the combined limit of $150,000 sum assured. Application may be made within 60 days from birth and only requires a simplified health declaration to purchase.

    Maternity360 by Ntuc Income
    Pros
    Cons
  • Available for expecting mothers from 13 to 35 weeks of pregnancy
  • Child is guaranteed insurability and an eligible plan may be purchased within 60 days from birth
  • Parents can buy multiple guaranteed insurable plans for their child, as long as it does not exceed the combined limit
  • Covers for 10 specified pregnancy complications for the mother and 23 specified congenital illnesses for the child
  • Hospital care benefit for both mother and child
  • Not suitable for mothers who are expecting via assisted conception procedures
  • *Annual premiums: $781

    (See "How much should I be spending on insurance for my child?")


    A comparison of maternity plans

    Name of plan
    Insurer
    Manulife
    NTUC Income
    Premium payment term
    Single premium
    Single premium
    Policy term
    3 years
    3 years
    Eligibility
    Expecting mothers between 13 to 36 weeks of pregnancy
    Expecting mothers between 13 to 35 weeks of pregnancy
    Maximum sum assured
    $20,000
    $10,000
    List of specified pregnancy complications covered for mother
    14 conditions covered:
    1. Abruptio Placentae
    2. Amniotic fluid embolism
    3. Choriocarcinoma and malignant hydatidiform mole
    4. Disseminated intravascular coagulation
    5. Ectopic pregnancy
    6. Fatty liver of Pregnancy
    7. Gestational Diabetes Mellitus Resulting in Foetal Macrosomia and Neonatal Hypoglycaemia
    8. HELLP Syndrome (Haemolysis, elevated liver enzymes, low platelet count)
    9. Miscarriage due to Accident
    10. Placenta increta or percreta
    11. Postpartum haemorrhage requiring Hysterectomy
    12. Pre-eclampsia with severe features of Eclampsis
    13. Still birth
    14. Uterine Rupture
    10 conditions covered:
    1. Abruptio placentae
    2. Acute fatty liver of pregnancy
    3. Amniotic fluid embolism
    4. Choriocarcinoma and malignant hydatidiform mole
    5. Disseminated intravascular coagulation
    6. Ectopic pregnancy
    7. Placenta increta or percreta
    8. Postpartum haemorrhage requiring hysterectomy
    9. Pre-eclampsia or eclampsia
    10. Still birth
    Hospital care benefit coverage for mother
    8 conditions covered:
    1. Inpatient psychiatric treatment
    2. Post-natal anaemia
    3. Puerperal pyrexia
    4. Pulmonary embolism
    5. Repair of 4th degree perineal tear
    6. Septic pelvic thrombophlebitis
    7. Surgical site infection following Caesarean section
    8. Uterine infection or transfusion due to retained placenta following birth
    8 conditions covered:
    1. Inpatient psychiatric treatment
    2. Post-natal anaemia
    3. Puerperal pyrexia
    4. Pulmonary embolism
    5. Repair of 4th degree perineal tear
    6. Septic pelvic thrombophlebitis
    7. Surgical site infection following caesarian section
    8. Uterine infection or transfusion due to retained placenta following childbirth
    List of specified congenital illnesses covered for child
    24 conditions covered:
    1. Absence of two limbs
    2. Anal atresia
    3. Atrial septal defect
    4. Biliary atresia
    5. Cerebral palsy
    6. Cleft lip and cleft palate
    7. Club foot
    8. Congenital blindness
    9. Congenital cataract
    10. Congenital deafness
    11. Congenital diaphragmatic hernia
    12. Congenital dislocation of hip
    13. Congenital hypertrophic pyloric stenosis
    14. Development dysplasia of the hip
    15. Down's syndrome
    16. Infantile hydrocephalus
    17. Patent ductus arteriosus
    18. Retinopathy of prematurity
    19. Spina bifida
    20. Tetralogy fallot
    21. Trancheo-esophageal fistula or esophageal atresia
    22. Transposition of the great vessels
    23. Truncus arteriosus
    24. Ventricular septal defect
    23 conditions covered:
    1. Absence of two limbs
    2. Anal atresia
    3. Atrial septal defect
    4. Biliary atresia
    5. Cerebral palsy
    6. Cleft lip and cleft palate
    7. Club foot
    8. Congenital blindness
    9. Congenital cataract
    10. Congenital deafness
    11. Congenital diaphragmatic hernia
    12. Congenital hypertrophic pyloric stenosis
    13. Development dysplasia of the hip
    14. Down’s syndrome
    15. Infantile hydrocephalus
    16. Patent ductus arteriosus
    17. Retinopathy of prematurity
    18. Spina bifida
    19. Tetralogy of fallot
    20. Trancheo-esophageal fistula or esophageal atresia
    21. Transposition of the great vessels
    22. Truncus arteriosus
    23. Ventricular septal defect
    Hospital care benefit coverage for child
    5 conditions covered:
    1. Admission into ICU/HDU
    2. Hospitalisation due to Hand, Foot, and Mouth Disease (HFMD)
    3. Incubation of the newborn child
    4. Phototherapy or blood transfusion for severe neonatal jaundice
    5. Premature birth requiring care in a neonatal ICU/HDU
    7 conditions covered:
    1. Bronchitis (including other lower respiratory tract infection)
  • Dengue haemorrhagic fever
  • Hand, foot and mouth disease (HFMD)
  • Incubation immediately after birth for more than 3 consecutive days
  • Phototherapy or blood transfusion for severe neonatal jaundice
  • Pneumonia
  • Premature birth
  • Guaranteed Insurability for child
    Yes. There is an option to buy any eligible plan(s) offered by Manulife within 90 days from the birth of the child with no health questions asked (Guaranteed insurability basis). Maximum sum assured of policy for child is $200,000.
    Yes. There is an option to buy any eligible plan(s) offered by NTUC Income within 60 days from the birth of the child based on a simplified health declaration. Maximum sum assured of policy for child is $150,000.
    Daily hospital care benefit
    Daily cash benefit at 1% of the sum insured for both the mother and child for each day of hospital stay (up to 30 days).
    Daily cash benefit at 1% of the sum insured for both the mother and child for each day of hospital stay (up to 30 days).
    Outpatient phototherapy benefit
    Yes, 1% of sum assured for up to 10 days.
    Yes, 1% of sum assured for up to 10 days.
    Coverage for pregnancy by Assisted Conception Procedures
    Yes
    No
    Single premium for an age 30, non-smoker female^
    $798
    $781

    ^A single premium refers to plan with just a one-off payment required. Premiums shown are for a Singaporean citizen for $10,000 sum assured and are before any subsidies. Accurate as of 2 August 2021.


    Maternity insurance is suitable if you are...

  • An expecting mother looking to secure coverage for your child before birth
  • Worried about pregnancy complications and would like coverage
  • Worried about your child having congenital conditions or post-pregnancy complications
  • Want to get guaranteed insurability for your child in the event that your child is born with any conditions

  • Maternity insurance is suitable if you are...

  • Wealth accumulation
  • Coverage against normal pregnancy expenses such as pre and post-natal check-ups, normal delivery, vaccinations, and ultrasounds
  • If you are before 13 weeks or after 36 weeks pregnant

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    Interested to learn more? Check out these articles:

    All you need to know about the new integrated shield riders

    How Much Can I Receive From An Annuity?

    Should I switch from Eldershield to CareShield Life?

    When is a renewable term insurance the better option?

    Don't Need A Full Critical Illness Plan? Here's Your Alternative


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    1Source: https://www.moh.gov.sg/home/our-healthcare-system/medishield-life/what-is-medishield-life/what-medishield-life-benefits/serious-pregnancy-complications

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