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.
One should consider the following factors when buying health insurance for their 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 Health Insurance at Finserv MARKETS, the expenses incurred due to mandatory vaccinations of the newborn from their date of birth are covered as well.
The following is a set of standard documents needed when adding your newborn to any health insurance plan in India.
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. If you are wondering how to determine your health insurance premiums, we can help. Use the health insurance calculator available on Finserv MARKETS so that you choose a health plan that is affordable and fulfils your medical necessities. The tool will calculate the premiums based on your preferred coverage and add-ons.
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:
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 Health Insurance at Finserv MARKETS, today!