- Date : 07/09/2023
- Read: 3 mins
With inflation on the rise daily, every couple having a baby should focus on financial planning for a baby in order to avoid trouble in the future!
With rising maternity costs in India, parents now need to resort to budget planning to avoid excessive maternity costs. The costs incurred before pregnancy include health checkups, medical tests, medical treatments, and insurance, which can be between Rs 7500 to Rs 15000 per month. The cost of childbirth in India can vary on the hospital, government hospitals (Rs 2000 – 4000), and private hospitals (Rs 10,000 – Rs 2.5 lakh).
Highlights:
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Pre-natal costs in India range between Rs 7500 to Rs 15000 per month.
-
Childbirth costs can depend on the type of hospital and delivery.
-
Savings for a baby’s future and investments for exigency are a necessary part of finance planning for a baby.
Financial maternity cost: Before the baby’s arrival
Finance planning for a baby is crucial to ensure that the following maternity cost expenditure does not have a drastic impact on your finances.
-
Prenatal health check-up
Prenatal health check-ups in India can cost between Rs 500 and Rs 2000 per visit. Each visit may also require tests such as ultrasounds, which can add up to Rs 1000-2000 per visit.
-
Medicines and supplements
The mother will require certain medicines such as vitamins, supplements, etc. which can cost around Rs 2500-3500 per month.
-
Medical treatments (if any)
The costs associated with fertility treatments can be extremely high and can impact budget planning adversely.
-
Cost of Medical Insurance
Medical insurance can take care of the costs incurred during childbirth and may also cover health check-ups and tests before childbirth. The average cost of insurance is Rs 2000 to Rs 5000 per month.
Also Read: Making investments for the baby's future
Financial maternity cost: Delivery of the baby
The biggest cost during pregnancy is the delivery of the baby. The cost of childbirth in India can vary depending on whether the hospital is private or government-funded. In a government-funded hospital, the price range is Rs 2000 to Rs 4000, and for a private hospital Rs 10,000 to Rs 2.5 Lakh, depending on the type of pregnancy.
Also, Read Finance planning for the baby's future!
Financial maternity cost: Budget planning for the baby’s future
Understanding your income & expenses to start managing finances before the baby arrives is the key to budget planning. Also, investments can be made by the parents for unseen expenses during and after the pregnancy. Additionally, long-term goals such as the baby’s education and needs as he/she grows should be considered while finance planning for a baby.
Click here for the latest articles
Conclusion
Finance planning for a baby is essential for parents to secure the family’s future. With rising costs in India, maternity costs are on the rise too, and budget planning can help parents make the right choices along the way.
With rising maternity costs in India, parents now need to resort to budget planning to avoid excessive maternity costs. The costs incurred before pregnancy include health checkups, medical tests, medical treatments, and insurance, which can be between Rs 7500 to Rs 15000 per month. The cost of childbirth in India can vary on the hospital, government hospitals (Rs 2000 – 4000), and private hospitals (Rs 10,000 – Rs 2.5 lakh).
Highlights:
-
Pre-natal costs in India range between Rs 7500 to Rs 15000 per month.
-
Childbirth costs can depend on the type of hospital and delivery.
-
Savings for a baby’s future and investments for exigency are a necessary part of finance planning for a baby.
Financial maternity cost: Before the baby’s arrival
Finance planning for a baby is crucial to ensure that the following maternity cost expenditure does not have a drastic impact on your finances.
-
Prenatal health check-up
Prenatal health check-ups in India can cost between Rs 500 and Rs 2000 per visit. Each visit may also require tests such as ultrasounds, which can add up to Rs 1000-2000 per visit.
-
Medicines and supplements
The mother will require certain medicines such as vitamins, supplements, etc. which can cost around Rs 2500-3500 per month.
-
Medical treatments (if any)
The costs associated with fertility treatments can be extremely high and can impact budget planning adversely.
-
Cost of Medical Insurance
Medical insurance can take care of the costs incurred during childbirth and may also cover health check-ups and tests before childbirth. The average cost of insurance is Rs 2000 to Rs 5000 per month.
Also Read: Making investments for the baby's future
Financial maternity cost: Delivery of the baby
The biggest cost during pregnancy is the delivery of the baby. The cost of childbirth in India can vary depending on whether the hospital is private or government-funded. In a government-funded hospital, the price range is Rs 2000 to Rs 4000, and for a private hospital Rs 10,000 to Rs 2.5 Lakh, depending on the type of pregnancy.
Also, Read Finance planning for the baby's future!
Financial maternity cost: Budget planning for the baby’s future
Understanding your income & expenses to start managing finances before the baby arrives is the key to budget planning. Also, investments can be made by the parents for unseen expenses during and after the pregnancy. Additionally, long-term goals such as the baby’s education and needs as he/she grows should be considered while finance planning for a baby.
Click here for the latest articles
Conclusion
Finance planning for a baby is essential for parents to secure the family’s future. With rising costs in India, maternity costs are on the rise too, and budget planning can help parents make the right choices along the way.
