Why Should I Buy Children Health Insurance?
As kids are incapable of making decisions about their health, as a parent, you must get them covered under a comprehensive health insurance plan. Dependent children are covered along with either of their parents on a family floater basis.
Children have a weak immune system in comparison to adults. So, it is important to get them covered under a health insurance plan so that they can avail of the best treatment during the time of need.
Health insurance plans for kids generally cover a wide range of illnesses and offer the following benefits.
1. Lower Premium
Children can be covered along with their parents at a lower cost.
2. Comprehensive Coverage
Usually, there is no restriction in the coverage features for children as they are offered comprehensive coverage.
3. Additional Perks
Children are offered added perks like a consultation with experts, information on nutrition and diet, etc.
4. No Claim Bonus
Some health insurance plans for children offer No Claim Bonus. This bonus increases the sum insured amount for greater coverage or gives concession on health insurance premium if no claim is made during the policy period.
How Many Members Can Be Covered Under Health Insurance Plans For Children?
Children can be covered on a family floater basis along with either of their parents. Usually, these plans cover Self, Spouse, and up to 4 children. But the number of members who can be included under the health insurance plan may vary from insurer to insurer and from plan to plan.
How To Buy the Best Insurance Plan For Children?
To make an informed choice while buying a health insurance plan for children, you must consider the following parameters:
Check the coverage and make sure you choose a plan that offers cover for OPD treatment, in-patient hospitalization expenses, pre & post-hospitalization expenses.
2. Additional Benefits
Choose a plan that offers added benefits like cover for consultation with experts, no co-payment clause, and no limit on room rent.
3. Insurer’s Network of Hospitals
The hospitals which are a part of the insurer’s network offer cashless claim facilities.
4. Critical Illness Cover
Do check which all critical illnesses are covered under the plan.
5. Sum Insured Options
Choose the sum insured amount from the range of available options which best suits your requirements.