Child health insurance is a type of insurance coverage designed to protect the health and well-being of children. It provides financial support for medical expenses related to preventive care, routine check-ups, vaccinations, hospitalizations, surgeries, and other healthcare needs specific to children. Health insurance for infants aims to ensure that children have access to quality healthcare services, enabling parents and guardians to provide the necessary medical care and support for their child's optimal growth, development, and overall health.
Parenthood comes with a lot of new things which makes a couple happy and nervous at the same time. We know that the anxiety related to parenthood will take many days to settle, but you don't have to worry about the associated hospitalization expenses if you have an adequate insurance coverage for your newborn.
One cannot overlook the cost involved during maternity along with several factors that a couple should keep in mind to make sure about a healthy pregnancy. The sky-touching expense only suggest a need for proper planning of finances towards the expenses that will be incurred. Therefore, health insurance for the newborn offered by several health insurance companies is the best solution to deal with the same.
As we already said, along with the fact that parenthood is the time to experience a whole new world, parenthood is also the time to be extra responsible and careful about your newborn child. From attending to the newborn's needs and making adjustments in the work-life, to taking care of its health, there is nothing that is as fulfilling as the role of a parent.
When it comes to the well being of a newborn, health insurance should be at the top of the list. The reason for this is the rising medical issues that can easily drain off one's funds, leaving him/her in a debt. Hence, to make sure the baby is protected during any medical emergency, purchasing comprehensive health insurance for kids is the right way to go, for the health of your newborn baby. One can always benefit from multiple family floater policies or maternity insurance coverages to get your newborn insured, even though there are only a handful of health insurance policies created specifically for newborn babies.
New Born Baby health insurance is designed to look after the healthcare needs of the mother and their newborn babies. These plans offer complete financial safety to the newborn baby by covering their pre & post-natal needs related to hospitalisation and other expenses including pre-hospitalisation, post-hospitalisation, modern daycare procedures, ambulance charges, etc.
Many Health Insurance companies provide newborn baby coverage either as an optional cover or as an inbuilt cover with maternity.
Below mentioned are some of the health insurance plans that provide coverage for your newborn baby. Check them out to find your best insurance policy for newborn baby in India.
A comprehensive health insurance plan that offers comprehensive coverage against medical bills & comes with access to Chronic Management Program.
A plan with 3 variants offering up to 1 Cr SI. It covers expenses incurred during hospitalization resulting from serious illness or accident.
A maternity health insurance plan with child cover. This plan protects individuals and families during medical emergencies.
An ideal option if you are looking for coverage for yourself, your spouse, and your children. The plan offers four smart health insurance solutions.
Provides comprehensive medical coverage to individuals and families with different budgets by offering SI options ranging from 5 Lakhs to 50 Lakhs.
A comprehensive health insurance plan that provides coverage against medical expenses. Moreover, the plan also looks after your overall well-being.
A comprehensive health insurance policy that covers you and your family with SI of up to 50 lakhs. Provides additional benefits as well.
Kotak Health Care protects you and your family financially against medical emergencies. The plan comes in three variants- Excel, Platinum and Prime.
A comprehensive plan with SI up to 1Cr and 3 different variants. It is a versatile health insurance plan for your medical needs.
An affordable health plan, that offers 140+ day care procedures and covers pre-existing conditions like diabetes and hypertension.
Available in Individual as well as Family Floater Plans, the plan offers comprehensive coverage with in-patient treatment, and several add-on features.
A comprehensive health insurance plan that offers a 15% increase in cumulative bonus for every claim-free year and comes with 8 optional coverage options.
This policy is designed to provide complete protection against all health care eventualities to you and your family.
A comprehensive plan which comes in 3 variants and is light on the pocket with SI ranging from 3 lakhs to 20 lakhs.
A family floater health insurance plan that offers up to 25 Lacs coverage to you, your spouse and 2 dependent children on the Sum Insured.
1 Comprehensive Coverage
It covers pre and post hospitalization, ambulance services, medicines, hospital room rent and doctor's consultation fees.
2 Pre and Post-Natal Care for The Newborn
Most maternity health insurance financially protects the newborn, along with the new mommy, in case she is diagnosed with critical illnesses.
3 Hospitalization Coverage
As mentioned in the maternity health insurance policy document, pre and post hospitalization expenses related to pregnancy will get the required cover.
4 Cashless Facility
At the cashless facility at the network of authorized hospitals across India, maternity health insurance plans of leading insurance companies offer the cashless facility.
5 Claim-free Bonus
The maternity insurance plan comes out with no claim bonus as well on completion of every claimless year.
6 Fast and Systematic, Streamlined Online Application
Just at the click of a few buttons, maternity health insurance plans offer individuals the convenience of online application.
7 Tax Savings
As per section 80(d) of the Income Tax Act, 1961, tax benefits apply to maternity health insurance policies.
8 Waiting Period
After nine months to six consecutive policy years, expenses related to maternity will be liable to get the required cover.
9 Flexibility to Select The Insured Sum
The applicants can choose the adequate sum assured as per his/her needs.
As we already discussed, becoming parents is, indeed, one of the most wonderful feelings, but that signals towards the time to be more responsible. And to help with this, in recent years one more step that is taken by various families to ensure they remain shielded from a lot of diseases in the future, is by preserving the stem cells of a newborn. Another vital step that the parents can take to easily handle the medical expenses and at the same time secure the health insurance for infants is taking health insurance cover for him/her. The new parents can take advantage of various family floater policies or maternity plans to ensure the healthcare needs of the newborn.
Here are a few factors that are vital to consider before finalizing the health care plan that matches your needs:
Health insurance for kids as a part of family health cover, without any additional charges, are some of the top beneficial offers by insurance companies. However, an additional premium for covering the medical expenses for the newborn and insuring the infant under the existing health insurance plan may be levied by others.
The coverage is a feature that varies from insurer to insurer. Some companies may include cover related to illnesses or congenital disorders, whereas others may cover only vaccination-related expenses.
Upgrades After 90 Days
This is a basic feature of a health cover that most of the companies allow the individuals to include their children into floater policy after they attain the age of 90 days. It is advised to make sure that to choose a company that offers the newborn to be included at the earliest as insured under the health plan.
It is advisable to select a company that allows a policyholder to customize the plan as per his/her budget and needs, in case anyone is planning to include multiple members of the family for a health insurance cover.
The Terms And Conditions
Under some health insurance policies by several insurance companies, it is a compulsion to inform the insurer about the birth of their child immediately for availing the benefits. Hence, it is necessary to go through terms like these in a detailed manner.
There are several health plans launched by health insurance companies for newly born babies. A newly born baby can easily be added into a family floater health insurance plan or group health insurance plan. The policyholder can add the baby when the annual renewal of the policy is initiated. The insurance company should be informed as early as possible if you want to get your baby included in the plan. Generally, the minimum age bar set by the insurance companies is 91 days, however, there are insurance companies that provide coverage from day one of the birth of the child.
The following documents are to be attached with the application form:
The medical coverage provided by the health insurance company may include all the routined vaccination for the baby subjected to the terms and conditions.
Some of us may wonder why it is so important to buy a health insurance plan for a newborn. Listed below are some points that can clear this confusion:
To Sum Up
Every parent wishes to provide the best care, which also includes health insurance to their new born baby. However there are not any health plans specially designed for newborn babies, hence the best way to protect the healthcare needs of your child is to rely on family floater plans and maternity plans. One can get rid of the worries related to the health of his/her child, by selecting the appropriate plan. By following this, a policyholder enhances the focus on the betterment of his/her newborn's future.
The premium payable solely depends on your insurance provider. To get an insight into the amount payable, you can also use the company premium calculator tool to get an idea of the same.
Most of the health insurance companies available offer coverage to a newborn baby after 3 months. However, there are some health insurance providers that offer coverage for newborn babies from the 1st day of their birth.
Buying a health insurance policy for a newborn baby can become complicated if you do not know what you are looking for. Do thorough research, compare all the available options and then choose the best insurance for your new born baby.
Yes, the health insurance plan for newborn babies offers tax benefits.
The documents required are listed: birth certificate, maternity discharge card, photograph for a cashless health card, health reports stating the medical condition of the newborn (if any), and any other documents as asked by your respective health insurance provider.
It depends upon the plan you opted for, although newborn babies' cover is generally family floater plans along with their parent(s). You may also include other members of the family's health insurance plan. It is best if you select an insurance company that allows the parents to include the newborn at the earliest under the existing plan.
When the baby is born, the child is covered for the first 30 days of life. It is an extension of the mother, and the other family members, under your policy and deductible, but as the 31-day starts, this extension of coverage ends. Some insurance companies provide coverage for newborn children as an extension of the family health insurance coverage, without any costs whereas others may levy an additional cost.
Copayment clause varies from plan to plan, many companies provide a copay option while some do not. Please check the terms and conditions before buying the plan.
Child health insurance policies usually cover hospitalization expenses, doctor consultations, vaccinations, surgeries, diagnostic tests, and other medical treatments specific to children.
Yes, many health insurance policies allow you to add your child as a dependent under your existing family health insurance plan.
Pre-existing conditions may have certain waiting periods before coverage starts, so it is important to check the policy terms and conditions.
This health insurance varies depending on factors such as the child's age, coverage amount, policy type, and insurer. It's important to compare different plans to find one that suits your needs and budget.
Yes, these insurance plans can be purchased independently without a parent's policy, but it's advisable to explore all available options and choose a plan that provides comprehensive coverage.
The documents typically required include the child's birth certificate, identity proof, address proof, and any other documents requested by the insurance provider.
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