Why Health Insurance is Important for Children
Updated On Oct 20, 2020
The increasing cost of healthcare treatments is taking a toll on lower and middle-class families. Amid the crisis, there is a massive cash crunch. The economy is sinking every other day. Ensuring a healthy childhood and disease-free life for their children is the aspiration of every parent.
They are future generations. Apart from the necessary expenses of raising a child that include education, parents should also invest in their child's health care. Right from birth to teenage children need special attention. Those are the years that build up strong immunity and would help them fight the harmful diseases.
Being that COVID-19 is a very harmful disease and increasing progressively, it becomes crucial to invest in a child's healthcare and be the best way to ensure a healthy future.
Health facilities like regular checkups and treatments for a particular disease have become so expensive that it'll take a toll on your budget and drain you financially. It becomes imperative to opt for a Child Health Insurance policy and invest smartly to avoid future hassle.
What All is Covered Under a Child Health Insurance Plan?
When it comes to your child's safe future, it is always advised to go for the best plan to cover all the benefits with maximum coverage. Some insurance companies provide life insurance policies and products for children but are not explicitly focused on the future's health care expenses. These are the two modes of coverage which insurance companies offer for your children:
1-Individual Child Health Plan
It covers every medical expense and comes with benefits like cashless hospitalization and comprehensive cover for all diseases. Being that it is a standalone policy, the entire sum assured is available for your child's treatment. Regular checkups, ambulance charges with absolutely low premiums are some of the best features of the plan.
2-Family Health Insurance Plan
For a more comprehensive solution for your child, a Family health insurance plan is a good-to-go option. The sum assured for each family member ranges between Rs 2-10 lakh that is far better than an individual child health plan. The maximum coverage in the personal plan is Rs 1 lakh. Anything above it has to be paid out of your pocket.
Why A Family Health Insurance Plan The Best Choice For Your Child?
A family health insurance plan has all the benefits and is the safest policy to choose for your child. There are more add on benefits like medical counseling and free consultations from qualified experts. Also, this plan covers the critical illness that is the primary criteria to look for. There are few considerable points before opting for a health insurance policy:
Choose a policy offering coverage for your child aged 5 years and above.
A policy that is giving the maximum renewal ceasing age.
Know about the details of the policy and make sure it is covering all your health expenses.
Benefits of Child Health Policy
It is always advisable to be proactive, especially when health is the concern. Health Insurance policy comes with many benefits. Some of them are:
1-Avoid Financial Instability: Getting an insurance policy ensures that your child has a healthy future. At the same time, medical expenses don't take a toll on your pocket.
2-Increase In Learning Ability Of Child: A child's overall development is necessary, and parents don't want health issues to be the reason hindering the child's learning skills. Good health will always contribute to the learning ability of an individual.
HEALTH IS WEALTH! Investing in child health insurance can be the top decision for the parents and, at the same time, the best way to secure their child's future.
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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.