Being a parent is one of the best feelings in the world. However, having a new member of the family also comes with a lot of responsibility. One of the most important is your health. From medical treatments to regular checkups and vaccinations, there is a lot to do to ensure that your child’s first months and years are healthy and happy.
Frequent visits to the doctor can be very expensive. A smart way to protect yourself from costs is to purchase health insurance. But does children’s health insurance cover newborns? Let’s take a look at:
Individual health plans in India generally do not cover newborns from day one. However, you can get health insurance for your newborn through a floating family plan. These plans cover all members of your family under one insured sum.
Recently, the Insurance Development and Regulatory Authority (IRDA) defined a newborn as “a baby that was born during the contract period and is 90 days old.” So if you have a floating family plan, you can add your newborn to the plan as soon as she is 90 days old. Your baby will be able to use the insured sum like any other member of the family.
If you are looking for children’s health insurance to make sure your baby’s health is covered after birth, maternity insurance can help too. Most maternity plans cover newborn expenses, medically necessary treatments, vaccinations, etc.
In addition to covering the expenses of her baby, the maternity allowance also covers the mother’s health care expenses during the pregnancy. Many health insurance companies have maternity insurance as a built-in benefit. However, many insurers offer the same as a supplement with an additional premium.
Here are some of the key benefits of having health insurance for your newborn