A2V INSURANCE BROKERS PVT. LTD.
Oocyte (egg) donation in India is a key aspect of Assisted Reproductive Technologies (ART) and is regulated under the Assisted Reproductive Technology (Regulation) Act, 2021.
Surrogacy insurance in India has become an essential component of the surrogacy journey, ensuring financial security and compliance with legal requirements under the Surrogacy (Regulations) Act, 2021. This insurance provides comprehensive coverage to address medical, and risks associated with the surrogacy process, safeguarding the interests of both the surrogate mother and the intended parents.
Infertility affects millions of couples globally, with 28 million couples in India suffering from the issue. Since not being able to conceive can be one of the most difficult events in a couple’s life, research shows that couples dealing with reproductive issues experience significant anguish and worry.
Safetree has co-developed a number of cutting-edge insurance products in the travel, healthcare, and auto insurance sectors that were first offered in the Indian market.
Surrogacy is an arrangement where a woman (the surrogate) agrees to carry and give birth to a child for another person or couple (the intended parents).
“It’s not you or me; It’s us” Infertility significantly impacts emotional well-being, often leading to a complex display of emotions for both individuals and couples.
Infertility is growing across the globe including India. WHO estimates that infertility impacts a staggering 1 in 6 people worldwide, which is approximately 17% of the global population.
Insurance providers may offer coverage for female donors in ART procedures, such as IVF, for several reasons. The egg donation process can be invasive, requiring medical treatment and monitoring, which can be expensive. Furthermore, there are risks associated with egg donation, such as ovarian hyperstimulation syndrome (OHSS), which can also be costly to treat.
The fertility service sector in India is booming with an estimated 27 million infertile couples. The sector is worth thousands of crores. News reports have raised legal concerns over custody of children born to couples from abroad. Deaths of egg donors and ethical issues have also emerged. Parliament passed the Assisted Reproductive Technology (Regulation) Bill 2021 and Surrogacy (Regulation) Bill 2020.