Child health insurance plans are offered in India including individual child health plans, family floater plans, etc. Some of these plans come with lower premiums, tax benefits, added perks, discounts, add-on covers, etc.
Children are the apple of their parent's eyes and as a parent, you would move heaven and earth to make sure your children have the best of everything. Making sure they have everything they need for a happy, healthy childhood is what every parent aspires for, from a good education to the best money can buy. Besides taking care of your children's material comforts, ensuring they are healthy is integral to their wellbeing. Children have a lower immunity compared to adults and are more susceptible to diseases, with some illnesses targeting children exclusively.
Inoculations and regular check-ups are also vital as children are growing up, as these protect them from infectious diseases like diphtheria, mumps, measles and a host of other infections. Making frequent trips to doctors, while necessary, is also very expensive. With a number of children now being born with fatal allergies, parents have to pay for expensive treatment and medication right from childhood. To ensure you don't spend all you earn inn keeping your children healthy, investing in a health insurance plan for them is a wise choice.
Health insurance companies offer a number of plan for children, covering every stage of their growth, with the plans tailor-made for a particular stage. Child health insurance plans generally cover a broad range of illnesses, with some also including annual check-ups as part of the plan.
Depending on the type of cover you are looking for, there are a variety of child health insurance plans on the market.
Individual child health plans provide health coverage for your child with a slew of benefits such as cashless hospitalisations and comprehensive coverage. Besides hospitalisation, these plans cover medical check-ups, ambulance charges, specialist costs etc.
Individual child health plans offer the following benefits:
A family floater health plan is a health insurance plan that covers the entire family. These plans can cover the primary holder, spouse as well as up to 4 children in the case of most plans. These plans are generally long-term plans and new members can be added as early as birth. The advantage of such plans is your children are covered right from birth, with everything from hospital stay to infant vaccinations being covered.
As the children grow, they will be included as separate entities under the plan and they will receive the benefits enjoyed by the parents. In some cases, family floater plans cover children 90 days after birth only, with the infant's cover renewable annually after payment of a separate premium.
While family floater plans cover your children as infants and teenagers, they have an upper limit of 25 years, after which they are not included under the policy.
Family health plans offer the following benefits:
Buying health insurance for your children is the best way to achieve peace of mind and also ensure your bank balance isn't depleted courtesy doctor's appointments. Buying a health insurance plan for your children at a young age also comes with the added incentive of lower premiums, allowing you to safeguard your children's health without burning a hole in your savings.
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