Source: Great Eastern
After 12 long years and 1 full zodiac cycle, 2024 welcomes the Year of the Dragon based on the Chinese zodiac. The Dragon symbolises power, nobleness, luck and success in traditional Chinese culture. Therefore, it is generally considered an auspicious year to have babies. I know this from first-hand experience because I was born in the Year of the Dragon, specifically in the year ending with 88 for extra luck. What I do not know is whether I have fulfilled the lofty and noble aspirations that my parents must have harboured back then. Well, whether you believe in this folklore or not, one thing you should consider is to purchase a maternity insurance if you are expecting a child. I have always been a strong advocate of it and here are the reasons why I think it is important to buy maternity insurance during pregnancy.
1) Guaranteed Insurability Benefit
We understand that the purpose of insurance is to provide protection against a possible eventuality. Before your child is born, we cannot be certain that they will have a clean bill of health. Without a clean bill of health, they risk becoming “un-insurable”, i.e. no private insurer is willing to insure the child as it is not viable to do so. For instance, it is not uncommon to learn of newborns with congenital anomalies having to wait out a foreseeable period before becoming eligible for insurance or worst, having coverage declined completely. This is because private insurers tend to exclude pre-existing medical conditions to ensure their insurance schemes remain sustainable.
Image: Childbirth is a big variable
As a very risk-averse person, I don’t like this possibility even if it is remote. When I found out that
