Don’t we all want our children to be safe?
Even before the day your children are born, you start financial planning for them. Purchasing child health insurance is an essential step in safeguarding your children. With rising medical care worldwide, fighting medical inflation is no joke. Affordable health insurance for children will help you cover your children against medical emergencies, planned treatments, and even when they want to travel abroad for higher studies.
In this article, we uncover the best child insurance plans, why you should purchase them, eligibility criteria, and some common mistakes people make when purchasing child health insurance.
Key Takeaways
Let us take a look at some of the affordable health insurance for children:
Child Health Plan | Eligibility | Features |
---|---|---|
Care Joy | Covers newborns from day 1 | Vaccination cover, In-patient hospitalisation, Pre and post-hospitalisation |
Care Classic | Covers newborns from 91 days | Room rent cover, Daycare treatment, Ambulance cover |
Star Special Care | Covers children from 3 years | Nursing expenses, All day care treatments, Modern treatments |
We know that a health insurance plan is a contract between the insurer (insurance company) and the insured (policyholder). As per the contract, the insurer provides coverage for healthcare expenses required by the insured individual. With a child health plan, you can cover your dependent child under your health plan. Child health insurance covers your child’s medical expenses such as OPD care, doctor consultations, vaccinations, accidental cover, and more.
Affordable child health insurance plans can be purchased for children of every age like newborns, teenagers, or pre-teens. Most health insurance plans in India offer coverage for up to 3 dependent children up to a specific age limit (usually 25 years of age) which may vary from insurer to insurer.
Child health plans have specific eligibility criteria which are mentioned below
Minimum Entry Age | Day 1/ 91 Days (Varying from insurer to insurer) |
---|---|
Maximum Entry Age | 25 Years (Upper age limit depends from insurer to insurer) |
Exit Age | Once the dependent child is financially independent |
A common debate among policyholders is whether children should be covered under the health plan, let us find out the answer:
Here are some inclusions and exclusions available under the child health insurance plan:
Inclusions | Exclusions |
---|---|
OPD covers including doctor visits and check-ups | Pre-existing conditions like diabetes, BP, or any others |
Hospitalization expenses include room rent, ICU charges, tests and diagnostics, etc. | Specific treatments |
Surgeries and advanced treatments | Injuries caused due to involvement in illegal activities |
Medicine expenses | Fertility treatments depending on insurer to insurer |
Emergency ambulance services | Dental care |
The many benefits involved with child health insurance plans are:
Follow the following steps to purchase an ideal child health insurance for your medical care needs.
Investing in a child’s health insurance is an essential duty as a parent as it safeguards your child’s future. A health insurance plan will support their medical care expenses at every stage of their life.
To find the best affordable health insurance plans for children you can connect with PolicyX insurance experts at 1800-4200-269.
A child health insurance plan is a contract between an insurer and an insured individual wherein the health insurer will bear all the medical care expenses for the insured individual/children.
Yes, you can cover your children under a health plan to provide them coverage against medical expenses.
You can cover a newborn child from day 1 or cover a newborn as early as 90 days up to 25 years depending on insurer to insurer.
It is best to purchase a child’s health insurance as early as possible. The earlier the purchase the cheaper the premiums.
Yes, there are certain waiting periods applicable under child health plans such as pre-existing diseases for up to 2 to 4 years and an initial waiting period for 30 days.
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Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.
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