Hi can i get a run down of plans that cover pregnancy. From 1st term to life of the child.?

Hi anon,

I would generally say that there are two types of plans that cover pregnancy, those that are stand alone, and those that are bundled.

For plans that are stand alone, they will solely be focused on the maternity coverage aspect, such as pregnancy complications, congential illnesses, etc. Such plans are single premium and don't come with any requirement that you purchase another plan along with it. For example, Manulife has ReadyMummy, and NTUC has Maternity 360. After the baby is born, there may be an option to buy other plans relevant for the child (e.g. critical illness plan) without medical underwriting.

For plans that are bundled, there is a requirement that you purchase something else along with the maternity cover. This is the more common option as many insurers have such choices available. Generally, the maternity coverage is still single premium but you are usually required to buy a regular premium plan along with it.

This is not necessarily a bad thing, I have clients who bundle a maternity plan with a term plan to cover death/TPD since they will have dependents once the child is born and a term plan is something that is important in such situations. Other parents who have a term plan already, opt to buy a maternity plan bundled with a whole life early CI plan, whereby the coverage of the plan can be transferred from mother to child after the child is born, without medical underwriting. This is more of a gift of love for their child. So it really depends on what type of coverage is lacking in your portfolio, and you might consider bundling if it suits you.

You can get an idea of the various types of maternity coverage available from most companies by speaking to an independent financial advisor.

Hey there!

You have quite a few options. There are plans that bundle a whole life plan with a maternity rider Eg. AIA Mum2Baby. The maternity rider in general covers congenital illnesses for babies and pregnancy complication for the mother during pregnancy.

Once the baby is delivered, the option is given to transfer the whole life plan to the baby and the child will be covered for life (age 100). This may be an option for you if you want the baby to receive whole life coverage without the need for underwriting.

Do seek a licensed financial advisor to explore your options. You can reach me here to find out more or email me @ [email protected]​​​