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Koh Hui Theng
Fri, May 09, 2008
my paper
The men don't get it

LIKE what the credit card ad says, the men don't get it, women do get more options. That extends to their insurance coverage as well.

Besides policies for a host of female-related illnesses, mothers- to-be can also purchase peace of mind against congenital abnormalities that may hit their precious bundle of joy.

These policies are well received abroad. An AFP article reported recently that pregnant women will be able to insure their unborn babies against birth defects and death under a new policy introduced in Australia.

The insurance company ING had devised a baby policy for women aged 16 to 40 which will deliver payouts of up to A$50,000 ($63,515) for babies born with Down's syndrome, spina bifida or a cleft palate.

In Singapore, women are becoming more aware of global trends too and also want to know how they can better provide for their unborn child.

Local insurance providers do provide such options for mothers here, but as "riders", to be bought as a supplement to their main policy.

However, the Australian policy drew criticism from the New South Wales Midwives Association, which said it played on the fears of pregnant women.

Local doctors and professionals my paper spoke to felt that insurance coverage is a personal choice, best left to parents to decide.

Insurance agents say that such coverage was conceived because more women were asking about the maternity options that were available.

Some first-time mothers told my paper they are open to purchasing such coverage for greater peace of mind. They cite the old adage that it is "better to be safe than sorry".


For more my paper stories click here.

 

 
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