For parents, the health of their children is always a priority. Hence, you must secure their well-being. One such way to do this is by investing in a Health Insurance Policy for your child. However, if you are unsure why, the following guide can prove helpful.
Reasons children need Health Insurance
Some people believe that Medical Insurance is necessary only for older people. However, that is not true. Your children also require Health Insurance due to the following reasons:
- The immunity levels in children are pretty low. Their immune system keeps developing until they reach their mid-teens. Also, when young, children are more prone to illnesses than middle-aged adults. Since healthcare costs can burden many, choosing Health Insurance for kids from a reputable provider can be beneficial.
- Your child is exposed to multiple environmental risks. For example, they may suffer from allergies due to dust, pollen, etc. This could lead to skin problems and asthma. With Insurance, you can provide your kid with all the help they require to recover.
- Getting a Health Insurance Policy early for your child usually means that your kid will enjoy continuous coverage while growing up.
- Children generally have slow reflexes. Hence, they are also more likely to get injured. If an accident requires a hospital stay, you do not have to worry about the costs. Instead, the policy will help you cover the bills.
Eligibility Requirements for Child Health Insurance
Today, you can go through several Medical Insurance Plans offered by a General Insurance company when buying a policy for your child. However, to be eligible under the policy, they must be between 91 days and 25 years old. This requirement may vary for different policies and providers. Apart from this, your child must also be an Indian resident.
For detailed requirements, you must go through the policy thoroughly and choose one that ensures adequate coverage for your child.
Steps to choose the right Child Health Insurance
When selecting Child Health Insurance, consider the following factors:
- You must first understand your child’s needs. Factor in their age, specific medical conditions, and potential risks when buying a plan.
- Ensure the policy covers a wide network of cashless hospitals.
- Compare various plans, including their premium amount, coverage, and benefits.
- Understand the waiting period, if any.
- Read the policy document to understand the limitations and exclusions.
Inclusions under a Child Health Insurance Plan
Look for the following coverage when buying Health Insurance for kids:
- Daycare procedures
- Pre- and post-hospitalisation costs
- AYUSH treatments
- Advanced procedures like immunotherapy
- Cost of hospitalisations, like doctor’s fees and room rent
Conclusion
A Child Health Insurance Policy equips you to better deal with the costs of getting your little one treated when they fall ill without warning. However, while choosing a policy, consider the premium amount, your child’s needs, and other factors. You must also ensure such an Insurance Policy offers adequate coverage for your child.
