NTUC Income Maternity Insurance: Is it Worth Considering?
NTUC Income Maternity Insurance: Is it Worth Considering?
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Income's Maternity 360 plan is a standalone maternity insurance option that provides comprehensive coverage for expecting mothers and their newborns. It offers features rarely found among other maternity insurance plans, including coverage for the mother for the full policy term and an outpatient phototherapy benefit for newborns.
Table of Contents
| Summary of NTUC Income Maternity 360 |
|---|
| Covers 10 pregnancy complications and 23 congenital illnesses |
| Standalone Maternity Plan: doesn't require you to purchase a life insurance policy |
| Mother receives coverage for entirety of policy |
| Apply for this plan through our partner PolicyPal by clicking "Get a Quote" |
NTUC Income Maternity 360 Highlights & Benefits
NTUC Income's Maternity 360 is a standalone maternity insurance plan that provides financial protection against death, pregnancy complications and congenital illnesses. Premiums are paid once and coverage lasts for 3 years for both the mother and her newborn. While the plan does not require the purchase of a life insurance policy (unlike the majority of other maternity insurance plans), Income does offer an option to receive a simplified application for customers who want to do so.
In addition to providing death of the mother or newborn coverage, there is coverage for 23 congenital illnesses and 10 pregnancy complications. Mothers and newborns will also receive a daily hospitalisation care benefit. This benefit covers additional conditions such as postnatal anaemia, C-section infection and inpatient psychiatric treatment for the mother and bronchitis, hand, foot and mouth disease and pneumonia for the newborn. There is also an outpatient phototherapy benefit if your child develops severe neonatal jaundice. Lastly, Income's Maternity 360 premiums are also between 10-20% cheaper than the other standalone maternity plan, Great Eastern's Flexi Maternity, making it a potential option for more budget-conscious consumers.
- Abruptio placentae
- Acute fatty liver of pregnancy
- Amniotic fluid embolism
- Choriocarcinoma and malignant hydatidiform mole
- Disseminated intravascular coagulation
- Ectopic pregnancy
- Placenta increta or percreta
- Postpartum haemorrhage requiring hysterectomy
- Pre-eclampsia or eclampsia
- Still birth
- Absence of two limbs
- Anal atresia
- Atrial septal defect
- Biliary atresia
- Cerebral palsy
- Cleft lip and cleft palate
- Club foot
- Congenital blindness
- Congenital cataract
- Congenital deafness
- Congenital diaphragmatic hernia
- Congenital hypertrophic pyloric stenosis
- Development dysplasia of the hip
- Down's syndrome
- Infantile hydrocephalus
- Patent ductus arteriosus
- Retinopathy of prematurity
- Spina bifida
- Tetralogy of fallot
- Trancheo-esophageal fistula/esophageal atresia
- Transposition of the great vessels
- Truncus arteriosus
- Ventricular septal defect
- Abruptio placentae
- Acute fatty liver of pregnancy
- Amniotic fluid embolism
- Choriocarcinoma and malignant hydatidiform mole
- Disseminated intravascular coagulation
- Ectopic pregnancy
- Placenta increta or percreta
- Postpartum haemorrhage requiring hysterectomy
- Pre-eclampsia or eclampsia
- Still birth
- Absence of two limbs
- Anal atresia
- Atrial septal defect
- Biliary atresia
- Cerebral palsy
- Cleft lip and cleft palate
- Club foot
- Congenital blindness
- Congenital cataract
- Congenital deafness
- Congenital diaphragmatic hernia
- Congenital hypertrophic pyloric stenosis
- Development dysplasia of the hip
- Down's syndrome
- Infantile hydrocephalus
- Patent ductus arteriosus
- Retinopathy of prematurity
- Spina bifida
- Tetralogy of fallot
- Trancheo-esophageal fistula/esophageal atresia
- Transposition of the great vessels
- Truncus arteriosus
- Ventricular septal defect
Policy Eligibility & Exclusions
Women who are 13 to 35 weeks pregnant, and are between 17 and 44 years of age are eligible to buy Maternity 360. This means that women who are in their 35th-40th week of pregnancy looking for standalone maternity protection may find Great Eastern's Flex Maternity plan more suitable.
There are several exclusions that will result in claim denials, including suicide within the first policy year, AIDS and overseas treatment. Please see the table below for a comprehensive list of general exclusions.
- Suicide (within 1st year) & deliberate acts of self harm
- Deliberate misuse of drugs & alcohol
- AIDS or HIV
- Unlawful or criminal acts/omissions
- Using unprescribed drugs
- Carrying 3 or more babies in a single pregnancy
- Overseas treatment
- Abortions unless medically necessary (from policy-covered condition)
Claims & Contact Information
Claims must be submitted within 6 months of a claimable event occurring. Since NTUC Income categorises its maternity insurance a term life insurance policy, you can call their life insurance claim hotline (number provided below) or visit the claim servicing branch in Bras Basah. Income also has a claims page that provides all the relevant forms necessary for any type of claim as well as providing information about necessary supplemental documentation.
| Contact Information | |
|---|---|
| Customer Care Hotline | 6788 1777 |
| Life Insurance Claims Hotline | 6788 1122 |
| Claim Servicing Branch | 75 Bras Basah Road, NTUC Income Centre, Singapore 189557 |
| Downloadable Docs | Claim Forms |
NTUC Income Maternity 360 Summary
Income's maternity insurance plan may be a suitable option for consumers looking to protect themselves and their newborns from unexpected medical emergencies. You should always speak to your financial adviser before buying a life or health insurance policy to make sure it will suit your budget and needs. If you are interested in learning about other maternity insurance options, please read our guide of the best maternity insurance plans available in Singapore.
| Premiums & Benefits | Maternity 360 (S$5K) | Maternity 360 (S$10K) |
|---|---|---|
| Premium (25-Year-Old) | S$370.95 | S$741.90 |
| Premium (30-Year-Old) | S$387.70 | S$775.35 |
| Premium (35-Year-Old) | S$458.05 | S$916.10 |
| Purchase Eligibility | 13-35 weeks of pregnancy | |
| Mother/Child Death | 100% of sum assured | |
| Pregnancy Complications | 100% of sum assured | |
| Congenital Illness | 100% of sum assured | |
| Hospital Care Benefits | 1% of sum assured/day | |
| Outpatient Phototherapy Benefit (10 Days) | 1% of sum assured/day | |
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Anastassia is a Senior Research Analyst at ValueChampion Singapore, evaluating insurance products for consumers based on quantitative and qualitative financial analysis. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.