Is the maternity expense/hospital bill payable by the Insurance Company?

It is subject to the policy condition.In most of the individual/ family policies it is not included. In some of the group Mediclaim policies it is covered and is clearly mentioned. Generally where payable this specific claim is payable in second year of the policy. In exceptional cases In-Group Mediclaim it is covered from the beginning as the corporate buyer has negotiated the policy by paying the suitable incremental premium for availing the benefit. You should read the condition in the policy document carefully.