Health Insurance for children is Important

Health Insurance for children is Important

Nowadays everyone has realised the importance of health insurance. Awareness about mediclaim, critical illness, and personal accident is increasing. Every individual makes it mandatory to have a health insurance cover not only for self but also for their family. Insurance companies are coming up with family floater policies which cover not only man and spouse but also children.

Though most of the times children are covered with their parents under health insurance, a separate policy is not taken for them. There is a certain mindset that health insurance for children is not as important as for adults. However with the current lifestyle of the children, there are chances of them having more health issues than their parents.

Parents keep their children as their highest priority. They dedicate their entire life for them however when it comes to taking up a health insurance policy their thinking goes haywire.  Either the child is covered under a family floater with a very low cover or they don’t have a health insurance policy. Parents feel completely helpless when their child is ill that they go to any extent to cure them. The treatment cost for them can also be very high. Thus every parent should understand that health insurance is equally essential for the child as it is for them.

Health expenses are now touching the sky. A simple surgery for sinus or any injury caused due to sports, etc, may cost anywhere between rs 20,000- rs. 50,000. Treatment for children leads to financial breakdown and stress if not covered well. Thus to control such situations in life one should buy sufficient health insurance cover for their kids. Many companies provide health insurance for children only. Also the family floater plan covers the child well if the policy cover is good for them.

A minor can be provided health insurance from the 91st day along with his/her parents. A child of age 5 and above can be provided health insurance separately. When one decides to buy health insurance for their children it is necessary to provide all medical history of the child,  as a few months old child may have health issues like juvenile diabetics, bronchitis etc. If one decides to purchase health insurance at a later stage when the child is in his teens it is very essential to produce facts whether the teenager is smoking, any pre-existing disease since birth etc. Once the needful information is provided only then the policy is given to the costumer.
It is suggested that you to purchase a health cover not only for yourself or spouse but also for your child/children. Also it is importance to take an optimum cover for your child as well. Premiumsfor health insurance policies are not too high & also have tax benefits, thus a good cover for your child is a must.

It is also essential to understand the policy, and become familiar with common health insurance provisions, including limitations, exclusions, and riders only then purchase it for your child. One should carefully read the documentsbefore buying a policy. Some might be having a time limitation of claim while others might be unsupportive of a particular required ailment in case of children. The policy terms and conditions document gives a list of covered ailments and the extent of coverage. Most of health insurance companies in india cover hospitalization, surgery, medicine, surgeon and other equipment charges. However it depends fromcompany to company.

With these points in mind, do adequately cover yourself, spouse & children medically!!