Welcoming a child into the family brings immense joy for everyone, but this little bundle of joy comes with great responsibilities. The primary one is their healthcare, which is why it is crucial to get them insured with children’s health insurance as soon as possible.
In today’s world of rapidly increasing diseases, having child health insurance becomes necessary for any child. The policy provides them with medical protection and financial support in the event that the child faces any health issues. The article explains the importance of child insurance and its benefits to children.
What is Child Health Insurance?
Child health insurance is a policy specifically designed to provide financial support for a child’s medical needs. This cover can be purchased with family health insurance, allowing you to include your child in coverage against medical emergencies and provide them with access to better healthcare services.
Importance of Having Child Health Insurance
Buying a health insurance plan for your children is crucial for several reasons, such as:
Low Immunity Levels
Children are more susceptible to diseases due to their lower immunity compared to adults. With the rising number of diseases and infections, they can fall ill more easily; thus, having a health insurance plan is necessary for their medical coverage.
Poor Lifestyle
The lifestyle of today’s kids has changed from what it was a decade ago. Today, children spend more time on screen than playing outside, and consume more junk food than green vegetables. These lifestyle habits contribute to poor health; having medical insurance will cover the treatment cost in case they fall ill due to lifestyle diseases.
Medical Inflation
Medical inflation is on the rise; in such situations, even your child’s routine check-up can affect your savings. Thus, having a health insurance plan is a wise decision to safeguard your savings without compromising your child’s well-being.
Inclusions of Child Health Insurance Plan
Maternity Cover
The children’s health insurance also includes maternity coverage. It covers expenses related to maternity treatment and childbirth. It also includes cover for the lawful termination of pregnancy during the policy year.
Hospitalisation Cover
Hospitalisation cover is one of the crucial inclusions of a child health insurance plan. Under this cover, all the hospitalisation expenses will be covered by the insurer in case of the child’s hospitalisation.
Daycare Treatment
The health insurance plan also includes coverage for your child’s daycare procedures. These are treatment procedures that require your child to stay at the hospital for no more than 24 hours.
AYUSH Benefit
The children’s health insurance plan also provides AYUSH cover benefits. It means that if you want to get your child treated through Unani, Siddha, Naturopathy, Ayurveda, or homoeopathy, then the policy will cover the cost of treatment.
COVID-19 Cover
COVID-19 is a communicable disease, and children have lower immunity, making them more susceptible to it. If your child contracts it, the policy will cover the cost of COVID-19 treatment, from diagnosis to medication.
Ambulance Cover
Ambulance cover is another inclusion in a children’s health insurance plan. It provides for the cost of taking ambulance services to transport a child in an emergency or transfer them from one hospital to another for better treatment.
How to Choose the Right Child Health Insurance Policy?
Here are some tips to choose the right health insurance plan for your child’s protection.
Check Sum Insured
Sum insured is the limit amount up to which the insurer will cover your child’s medical expenses. While buying children’s health insurance, compare the sum insured by multiple insurers and buy the one that best meets your child’s medical expenses to the best.
Coverage Options
Another factor to consider when selecting a health insurance plan for your child is the coverage options. Select the plan that offers the most comprehensive coverage options, including inpatient treatment, COVID-19 coverage, vaccination coverage, maternity coverage, and more.
Check Network Hospitals
A wide number of network hospitals means you have multiple options to get your child treated at the best hospital as per their medical requirement. It also helps in the swift handling of medical bills so that your child does not have to wait for treatment due to any delay.
Waiting Period on Covers
Children health insurance also comes with a waiting period for different covers to get activated. You must choose the plan that has the shortest waiting period for early coverage protection.
Health Insurance for Children With TATA AIG
Parenthood is one of the happiest phases of a parent’s life. While you’re enjoying this time with your child, make sure to also protect their well-being. With children’s health insurance, you can provide financial protection to your child in case of any medical emergency. The best part is you can buy this health insurance for a dependent child as young as three months old to 25 years old. Moreover, when you choose an insurer like TATA AIG, you also benefit from first-year vaccination cover, pre- and post-natal cover, maternity cover and newborn care coverage.
