The birth of a child is probably the most important event in a parent’s life. In addition to the basic cost of raising children and providing a quality education, parents must provide appropriate health care for their children because children are not only a blessing, but also a responsibility. For example, newborns have low immunity, so health monitoring and timely vaccination are essential for a healthy life. At the same time, it is difficult to provide appropriate healthcare, even for children. This is why insurance experts recommend individuals to buy Mediclaim online that protect children.

An integral part of financial planning for your child’s future is a comprehensive health care plan. These plans should be purchased for the purpose of caring for the mother from the time she conceives the child until the child is mature enough to take care of themselves.

Why is child health insurance important?

Vaccinations and regular checkups are an important part of caring for the child after birth. They protect children from infectious diseases such as diphtheria, mumps, measles and a host of other infections.

Vaccinations along with frequent trips to doctors when needed are also very expensive. With so many children born with deadly allergies, parents have to pay for expensive treatments and medications from childhood. To make sure you don’t spend everything you earn on keeping your kids healthy, it’s a smart choice to invest in a health insurance plan for them.

Health insurance companies offer a range of health insurance for infants and children of other ages that cover every stage of their growth, with plans tailored for a particular stage. Child health insurance plans often cover a wide range of illnesses, and some also include annual checkups as part of the plan.

Types of child health plans

There are a variety of child health insurance plans on the market, depending on the type of coverage you are looking for.

• Individual child health plans

Individual child health plans provide health insurance for your child with a range of benefits such as cashless hospitalizations and comprehensive coverage. Besides hospitalization, these plans include medical examinations, ambulance fees, specialist expenses, etc. covers. Here are a few benefits that individual child health plans:

• Lower premiums – Premiums charged for these plans are lower as the risk associated with the insured is minimal. So parents can save a great dela of money on premium.
• Additional benefits – These plans often include benefits such as cashless hospitalization, which allows the insured to receive treatment at partner hospitals without the need to pay, as the insurer will bear the costs directly.
• No Claim Bonus – Some plans offer a No Claims Bonus in which the premium amount payable for the next period is reduced if no claims are made over the term of the policy. for a certain period of time.

• Family floater health plans

A family floater health plan is a health insurance plan that covers the entire family. These plans can cover the primary policyholder, their spouse, and up to 4 children in the case of most plans. These plans are usually long-term plans and new members can be added in the case of the birth of a new child. The advantage of such plans is that your children are covered from birth and everything from hospital stays to baby immunizations is covered.

As children grow, they will be included in the plan as separate entities and enjoy the benefits that parents enjoy. In some cases, family floater plans cover children only 90 days after birth, and infant insurance can be renewed each year after a separate premium is paid. While family floater plans cover your children during infancy and adolescence, the upper limit is 25 years, and they are not covered by the policy thereafter. Here are a few benefits that family floater plans offer:

• Seamless plan tracking – With the entire family covered in one plan, it is easier for the policyholder to keep track of the plan and the coverage associated with the plan. It is also easier to file a claim as the process can be streamlined. Moreover, you can use a health insurance renewal app to carry out these functions.
• Discounts – There are special discounts for adding members to a plan, and the younger the added member, the lower the premium.
• Fixed premiums – Premiums are fixed for the term of the policy and premium payments are frozen for that period.
• Add-on covers – There are lots of add-on covers that can be linked to your plan as and when needed.

Purchasing health insurance for your children is the best way to provide peace of mind and also ensure that you don’t run out of bank balance thanks to doctor’s appointments. Buying a health insurance plan for your kids at a young age also comes with lower premium incentives, allowing you to protect your kids’ health without burning a hole in your savings.