How to get Health Insurance for Newborn Baby?

The thought of holding your baby for the first time is amazing. Also, It is common for new parents to feel overprotective about the baby. Every parent in this world wants the best for their child. But not many consider a health insurance plan to be a necessity.

Having a baby changes the way you have been leading your life. It is not only a blessing but also a huge responsibility. Therefore, buying a health insurance plan for newborns will ensure that the medical expenses related to the birth and care of your child are well taken care of. It is the best way to ensure that your baby is protected.

So, what is it that you should check for when buying health insurance for newborns. Let us take a look at it.

What to Check before Choosing a Plan?

One should consider the following factors when buying health insurance for their newborn.

  1. Premiums: A few insurers offer coverage to the newborn within the existing policy. However, many others would request you to pay additional premiums for the same coverage. Thus, look for a health insurance plan that extends coverage to your newborn baby when the time comes.
  2. Health Coverage: If the insurer is offering coverage to the newborn, seek information on what kind of things are covered under it. Having complete knowledge about what expenses related to the newborn are covered under the plan will help you decide whether you want to increase the sum assured amount or not.
  3. Policy Upgrade After 90 Days: Check whether the health insurance plan that covers your newborn has a waiting period or not. At times, certain insurers offer coverage to the newborn after they attain the age of 90 days. Choose a health insurance plan that covers your newborn beyond this span.
  4. Customisation: Look for an insurer that offers bespoke health insurance plans. That way, you can customise your health plan to fulfill yours and your family’s medical needs when and as they arise.

Minimum Age To Enroll Your Newborn

As mentioned earlier, the age at which a newborn can be enrolled in the health insurance policy depends on your insurer. Usually, it is for 90 days. However, the insurer must be made aware within seven days of the birth of your child.

With Bajaj Allianz Health Insurance at Finserv MARKETS, the expenses incurred due to mandatory vaccinations of the newborn from their date of birth are covered as well.

Documents Required for Medical Insurance for New Born Baby

The following is a set of standard documents needed when adding your newborn to any health insurance plan in India.

  • Birth certificate
  • Maternity discharge card
  • Reports about the medical condition of the baby (if any)
  • A photograph for the cashless health card

What is Family Health Insurance?

Insurers in India offer health insurance for newborns under extensive service of their family health insurance plans. That way, all the members included in the family health insurance plan are protected in case of any medical emergencies.

However, you should note that depending on your insurer, either the coverage is already included in the existing health plan or you might have to pay additional premiums to cover your newborn under the family health insurance. While doing so, consider the premiums charged, term and conditions of the policy, any exclusions, etc. before purchasing the policy.

How To Add A Newborn To Your Family Health Insurance

One cannot buy individual health insurance from day one of their child’s birth as it involves a lot of risks. However, parents can add their newborns to the family health insurance plan to cover the expenses related to early vaccination and postnatal care.

To add your newborn baby to the family health insurance plan, all you have to do is:

  1. Submit the documents mentioned above
  2. The insurer will calculate the new premium charges that include the child as well
  3. Depending on the health of the baby, it is likely that the premiums for the family will remain unchanged (at least in the beginning)

To Sum It Up!

A comprehensive family health insurance plan is the need of the hour, especially if you are planning to start a family any time soon.

You can browse Health Insurance Plans at Finserv MARKETS. It helps protect you and your loved ones from hefty medical expenses, offers cashless claim settlements, has reinstatement benefits in case you exhaust the sum assured amount, and so much more.

So, don’t wait. Insure your family with Bajaj Allianz Health Insurance at Finserv MARKETS, today!

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