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From the moment your bundle of joy arrives, you experience unparalleled happiness and, concurrently, an enormous feeling of responsibility. As a parent, you need to provide for everything for your child with exceptional care, at least until they become an adult. The rapidly increasing environmental pollution, contaminated food and today’s prevalent sedentary lifestyle and poor food habits result in children today being increasingly susceptible to health problems. This, compounded by the high cost of healthcare in India, makes an increasingly good case for the purchase of child health insurance.
The high rate of medical inflation in India, at 14 %t in 2022 – 23, is even more reason to purchase health insurance for kids to ensure that all their healthcare needs are adequately addressed.
Health insurance for kids is a policy specially designed to cover their specific healthcare requirements. Like all health insurance policies, it plays a dual role by ensuring your financial well-being and that of your child by monetarily supporting you when your child requires hospitalisation for any reason like illness or injuries. Such policies also pay for your child’s vaccination and clinical check-up expenses.
You may generally purchase health insurance for your child at various stages of life, from medical insurance for newborns to when your child is a teen and until age 25.
Care Health Insurance offers Care Plus Youth with newborn health coverage along with an adult from the age of 91 days for your baby and individual health coverage from the age of 5 to the maximum age of 25 years for your child. This plan offers optional coverage for maternity, wherein newborn health coverage for your baby is included. The sum insured ranges from Rs 3 lacs to Rs 25 lacs.
Purchasing a children's medical services health plan is helpful for your child for the following reasons:
Young children need to be more careful and know how they should take care of themselves. Infants in their stages of learning to move and walk may get hurt easily. Children are thus overall injury-prone. Health insurance for children ensures that the health insurance company covers the cost of treatment for their injuries, and you can get the treatment done at the best facilities.
Your child has weaker immunity than you; they catch infections or get affected by diseases faster than we do. Your child's health insurance covers the often high expenses for the treatment.
Children are unmindful and do not observe precautions to avoid diseases and infections. They often do not follow the best health practices and fall ill more often.
How many of our children go out of the house to play in playgrounds or fields? This is a decreasing number; correspondingly, we see increasing screen time for children. Healthy eating habits are being ditched for junk food over homemade food. All this is directly contributing to an increase in lifestyle diseases. Health insurance for kids covers the treatment of such diseases and conditions.
Policies providing health insurance for kids normally have the following inclusions:
Expenses incurred for treating your child in case of hospitalisation lasting more than 24 hours are covered. This includes room rent, the cost of the ICU, if applicable, nursing charges, cost of medicines.
Medical insurance for newborns includes neonatal care expenses. It is often covered if the maternity benefit is purchased with the mother's health insurance policy.
Daycare treatments for your child, those that do not require a stay in excess of 24 hours, are covered.
You will get reimbursed for related expenses incurred 30 to 90 days before and 60 to 180 days after your child’s hospitalisation. The exact coverage is per the terms and conditions of your child's health insurance policy.
Your newborn health coverage policy pays for all the vaccination expenses for your baby for the first year. This, too, is a part of the maternity benefit if purchased along with the mother’s health insurance policy.
Outpatient treatments, dental treatment expenses and medical diagnostic tests are covered.
Expenses incurred on ambulance charges are reimbursed as per the limits mentioned in your child's health insurance policy.
The same is covered if the attending doctor prescribes treatment at home or if there are other reasons for home treatment.
Medical expenses incurred on the treatment due to the following are usually excluded in a child health insurance policy:
Please read the terms and conditions of your child's health insurance policy in detail to understand the detailed list of inclusions and exclusions.
You should purchase a health insurance policy for your child to enjoy the following benefits:
You may follow the tips below to choose an appropriate health insurance policy for your child:
Care Health Insurance offers Care Joy – a policy designed for young couples starting a family. Care Joy offers newborn baby cover from Day 1 and the option to add your child to the regular policy from Day 1.
Please avoid the following mistakes many people make when purchasing health insurance for children. These seemingly innocuous mistakes make them pay heavily later:
While you enjoy the parenthood experience, keep in mind your responsibilities towards your child. Purchase a health policy for your child as soon as possible to safeguard your child’s health and financial well-being.
>> Also Read: How to Buy the Best Health Insurance for Children?
Disclaimers: All plan features, benefits, coverage, and claims underwriting are subject to policy terms and conditions. Kindly refer to the brochure, sales prospectus, and policy documents carefully.
Published on 13 Dec 2024
Published on 13 Dec 2024
Published on 13 Dec 2024
Published on 12 Dec 2024
Published on 11 Dec 2024
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