The birth of your child should be a momentous time of joy and celebration. And while, as new parents, it is fairly normal to fret about the health of your newborn, having good health insurance that takes the financial burden off your shoulders gives you just one less thing to worry about.
If you are planning a family, your spouse too can be at a risk of maternal complications that may put the life of your newly born infant at risk. You can insure the health of your newborn as soon as 90 days after birth till 30 years of age with the family health mediclaim policy available on Finserv MARKETS It also comes with an easy online claim filing procedure for your convenience. Here are a few reasons why you should consider health insurance for your infant:
1. Rising incidence of disease: 2018 saw 2.5 million infants die in the first month of being born worldwide. The number of deaths during the neonatal period per 1000 live births during a year is termed as the Neonatal Mortality Rate (NNMR).(1) For 2018, the global NNMR rate stood at 18.
Low birthweight followed by infections such as sepsis or pneumonia, tetanus and diarrhoea are the leading cause of death in newborn babies. Birth asphyxia and non- communicable diseases come a close second. India’s NNMR is more than double the global average at 39, even after a significant decrease in the last 10 years.
Maternal mortality that is women dying due to childbirth has come down by 77% in India. However, it is a far cry from the Sustainable Development Goal (SDG) of a Maternal Mortality Rate ( MMR) below 70 by 2030. Childbirth in India poses a risk to both newborn babies and pregnant mothers, if the numbers above are anything to go by. It becomes imperative then to protect the health of both mother and child by ensuring proper maternity care and a safe delivery and opting for a plan that includes infant health insurance to be on the safer side.
2. Rising incidence of C-sections: Niharika was ecstatic to learn that she was pregnant. Her pregnancy was a breeze up till her third trimester, when she slipped on the bathroom floor, while taking a shower. She had to be immediately rushed to the hospital. Her gynaecologist informed her that the baby is now in breach condition and she will need to go in for a caesarean section if it didn’t correct course in the coming days. Niharika was stressed. This wasn’t how she had planned things out. As per National Family Health Survey (NFHS) 2015-16 women who opt for delivery in private hospitals are upto 14 % more likely to undergo an unplanned C-section. As many as 9 lakh such unplanned operations were conducted in 7 million private hospitals in a year alone. All of these were preventable.
3. It is getting expensive to give birth: When Niharika’s baby failed to shift to a normal position, fearing a complication, her husband got her admitted in a private room in the hospital. He did not want his wife to suffer just because he had not opted for health insurance earlier. He wanted her to get quality medical care. Since he hadn’t opted for a health plan with maternity and other health insurance benefits, it cost him close to a lakh for the delivery, all of which he paid out of his pocket. While normal delivery costs Rs 60,000 to 80,000, a C section can go upto Rs 2 lakhs depending on the hospital. It helps to insure the health of your newborn as well as your spouse early on to avoid such a situation.
4. Health burden to the newborn: A planned C section can help prevent health complications to both the mother and the child. However, the risk of infant mortality and disease is high when it is unplanned. Babies born from Caesarean birth experience delayed breastfeeding, lower birth-weight and respiratory problems and might need to be hospitalised. Premature babies are kept in an incubator in a NICU, that costs upwards of Rs 10,000 a day. If you insure the health of your newborn, you can do away with the stress of arranging finances in an emergency and rather focus on getting medical attention.
The Bajaj Allianz health insurance plans available on Finserv MARKETS can help you tide over such unforeseen circumstances. It not only protects your wife during her maternity period but also provides infant health insurance to up to 4 children as soon they’re 3 months old till the age of 30 years. Starting a family can be a wonderful experience. Make sure that you are doing your best and have a contingency plan in place. And get ready to welcome your bundle of joy!
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