Key Things to Keep in Mind While Buying Health Insurance Plans For Children at Different Stages of Life

The birth of a child is probably the most important event in the life of a parent. In addition to the basic cost of raising children and providing a quality education, parents must provide proper health care for their kids. This is because children are not just a blessing but also a responsibility. For example, newborns have low immunity so proper health monitoring and timely vaccinations are essential for a healthy life. At the same time, proper healthcare even for children is difficult to afford. Therefore, insurance experts suggest looking at health insurance plans that protect children.

An integral part of financial planning for your child’s future is a comprehensive healthcare plan. These plans should be purchased with the intention of looking after the mother from the time of conception to the time when the child is mature enough to take care of themselves. The right way to choose the best health insurance policy for children is buy considering the stage of life they are in. * Standard T&C Apply

Here are a few life stages and an overview of health coverage at the time:

• Prenatal coverage

Prospective parents should look for maternity benefits in their health insurance policies that cover hospitalization, diagnosis, and prenatal medical expenses related to pregnancy and delivery for both mother and baby. A shorter waiting period is appropriate to reap these benefits. It is also mandatory to check the policy terms and conditions for a list of congenital diseases that can be excluded. Assisted fertility treatments (such as IVF) are generally not covered under the basic plan, but some insurance companies offer this cover as an add-on rider for an additional premium, often up to a specified sub-limit. It is a good choice for couples who seek medical help during pregnancy. However, you should be careful while purchasing additional covers. You can use the health insurance premium calculator to check how much the entire coverage might cost you. *

• At birth

It is wise to choose health insurance plans that cover newborn children so that the child’s health insurance is covered from birth. Here, too, a number of conditions are added, such as a limit on the amount of coverage from birth to a few daysor any other conditions regarding the coverage. You can also buy an additional newborn cover, which usually provides coverage until 90 days after birth. It is not safe to assume that the newborn is covered automatically covered in the maternity coverage. Make sure the plan takes care of vaccinations and immunizations for newborns to maintain the health of the baby after birth. *

• Childhood & teenage

These are the most uncertain years in a child’s development because they are prone to infections and accidents when they play. Having a health insurance policy that offers coverage worth an entire sum insured for your child’s medical needs can be a relief for parents as it reduces anxiety about money management. Instead, they focus on providing the best possible care for their child and raising them safely. Here, the age is not an issue for admission into a health plan as a dependent. It allows you to quickly add your children to your family floater plan. If you want to take out a personalized individual health insurance policy for your child, doing so at a young age is a good choice. *

• Young adults

As children get older and begin their careers, the best time to give them the benefits of health insurance starts. At this time, you should strongly consider buying them anindividual policy instead of adding them to a family plan. This ensures that they have adequate health insurance coverage for themselves. Look for a plan that allows a maximum age at the exit of the dependents so that your family will have enough time to consider the various plans and choose the best personal choice for the youngsters. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.