Maternity insurance is a prenatal insurance policy that parents-to-be should consider even before pregnancy. It can be a single-premium standalone or a bundled plan with a life insurance component. The main reason most took up this insurance is for its coverage of unexpected pregnancy complications affecting either the mother or the child. However, there are many new parents-to-be who debate over getting this insurance as it does not cover the cost of your delivery or hospitalisation bills. In a nutshell, maternity insurance provides coverage for 10 – 19 pregnancy complications and a list of 18 – 26 congenital illnesses the newborn could have. These illnesses include cleft lip, Cerebral Palsy, Down’s Syndrome, and more. And if you do not know it yet, maternity insurance benefits go beyond childbirth. Guaranteed Option for Child’s Life Insurance Perhaps one of the most essential components of maternity insurance is the guaranteed option to convert it into or buy a life insurance policy for the insured child....