Infertility Insurance in India: Insights from Shreyaa Kapoor and Dr. Divya Vora

In the evolving landscape of healthcare and finance, the topic of infertility, a concern affecting millions of couples in India, is gaining much-needed attention. Finance influencer Shreyaa Kapoor in collaboration with renowned gynecologist Dr. Divya Vora, sheds light on the often overlooked subject of infertility insurance. With over 12 to 18 million couples in India facing infertility annually, understanding and addressing this issue is crucial.

Understanding Infertility:

Dr. Divya Vora defines infertility as the inability to conceive a child after at least one year of regular, unprotected intercourse. It's broadly classified into two categories:

• Primary Infertility: The inability to conceive at all.
• Secondary Infertility: Difficulty in conceiving after previously having a child.

Popular Infertility Treatments:

Shreyaa Kapoor highlights IVF (In Vitro Fertilization) as a prevalent infertility treatment. However, these treatments can be costly, ranging from Rs 1 lakh to Rs 4 lakh per cycle, and often, health insurance plans do not cover these expenses. An IVF cycle includes several stages like ovarian stimulation, egg and sperm retrieval, fertilization, and embryo transfer, taking approximately 6-8 weeks.

The Role of Infertility Insurance:

Despite the high costs, most insurance companies in India do not cover infertility treatments, and only a small fraction of corporates include this in their group health insurance. Yet, Shreyaa Kapoor points out a silver lining: these treatments can be added as a rider to maternity insurance policies, allowing couples to claim deductions on the premium paid under Section 80D of the Income Tax Act. These add-ons usually come with a waiting period of 1-3 years.

Top Maternity Insurance Providers in India:

To assist couples in making informed decisions, here is a list of some leading maternity insurance providers in India offering potential infertility treatment coverage:

• Aditya Birla Activ Fit Plan
• Bajaj Allianz Health Guard Policy
• Care Joy Maternity Insurance Plan
• HDFC ERGO my:health Suraksha Plan
• National Parivar Mediclaim Plus Policy
• New India Assurance Yuva Bharat Health Policy
• Niva Bupa Heartbeat Insurance Plan
• Reliance Health Infinity Insurance Plan
• SBI Super Health Insurance Plan
• Tata AIG Medicare Premier Plan

View this post on Instagram

A post shared by Shreyaa Kapoor (@shreyaakapoor_)

Understanding and accessing infertility insurance in India is a complex but vital process for many couples. The insights from Shreyaa Kapoor and Dr. Divya Vora offer a guiding light in navigating these challenges, highlighting the importance of financial planning and awareness in addressing infertility issues.