Allianz Life Malaysia launches PreciousCover, BabyCover plans for expectant mothers
It provides coverage for child critical illnesses and development disorders.
Allianz Life Insurance Malaysia has launched PreciousCover and BabyCover plans which provide coverage for expectant mothers and their newborns.
PreciousCover provides comprehensive coverage to mothers during and post-pregnancy whilst BabyCover provides coverage against essential child critical illnesses and child development disorders, the insurer said in a press release.
“With PreciousCover and BabyCover, we put a lot of effort into understanding their challenges and tailored products that were very specific to their needs. It was crucial for the company to do this as pregnant women who contracted COVID-19 were found to have an increased risk of severe pregnancy complications such as preeclampsia,” said Allianz Life CEO Joseph Gross.
The PreciousCover plan covers care benefits for newborns warded into Intensive Care Unit, High-Dependency Unit, and Neonatal Intensive Care Unit, as well as Phototherapy Treatment Benefit without the need for hospitalisation.
PreciousCover also provides coverage against 19 congenital conditions for children up to age five. This benefit pays up to RM20,000 when the child is diagnosed with one of the conditions.
It also gives assistance to mothers for their mental stress due to the pregnancy, providing psychotherapy treatment benefits for mothers for conditions such as Major Depressive Disorder and Generalised Anxiety Disorders.
Unlike the standard prenatal insurance plans, PreciousCover and BabyCover plans also cover singleton pregnancies from assisted reproduction techniques including IntraUterine Insemination, IntraCervical Insemination, and In vitro fertilisation.
Allianz Life is also providing careline support for mothers who avail of either plan in the form of medical advice on maternal and children’s health with medical professionals from Sunway Medical Centre.
PreciousCover is divided into Plan 15,000 and Plan 30,000. Benefits range from RM250 to RM500 per day for hospitalisation benefits, and RM15,000 to RM30,000 for death due to childbirth or pregnancy complications.
For the child, a death benefit of up to RM5,000 is provided.