Welcoming a baby is an exhausting yet amazing experience. As a parent, you want to do absolutely everything in your power to protect your little one and keep them safe from harm. While there’s no way for you to completely baby-proof your life, a good health insurance policy is essential in helping your child recover from illness without breaking the bank.
When Can I Get Insurance for My Baby?
In most cases, it will not be possible for you to get your baby covered under their own policy right from the day they are born. Instead, if you have a group or family floater policy, or maternity cover that also looks after early vaccinations and postnatal care, you can get your baby covered under that initially. Typically, once your baby is 90 days old, they become eligible for an individual health insurance policy.
Getting the Baby Covered Under an Existing Policy
If your little one is eligible to be added to an existing policy, then you need to ensure that you make your insurance provider aware of the birth within 7 days. Once you do this, your provider will help you find an eligible plan for your baby.
If your baby can get cover from the very first day as part of the newborn add-on under the maternity benefit, the process of getting the cover is slightly different. You need to fill out the requisite application form to let your provider know you’d like to add your child to the policy. You will also need to submit certain relevant documents, such as the birth certificate, maternity discharge card and medical reports, along with your policy application.
Once you submit all the documents, your selected insurance provider will calculate the new premium. Once this amount is paid, your child will enjoy cover under the plan.
Selecting the Right Plan
Before you select a plan, you need to understand the cover your child will enjoy, the premium you will be expected to pay and the kind of additional covers you can opt for. Ideally, you should look for a policy that covers everything from basic illnesses to congenital disorders. If more than one provider offers the health insurance benefits you’re looking for, you can compare the premiums to understand who is giving you better value for your money. Finally, pick the optional add-on covers you like to ensure that your little one has the cover they need.
The Importance of Insurance for Babies
If you’re wondering why you’re little one needs insurance, here’s a look at the Bajaj Allianz health insurance benefits you and your newborn baby can enjoy:
- You don’t have to worry about paying for all the expensive medical treatment by yourself.
- The additional premium amount for babies is typically quite affordable.
- If your baby faces a medical emergency, you don’t have to worry about organizing money for the treatment immediately.
Becoming a parent is a marvellous experience. Once you secure your baby’s health with comprehensive cover, you can rest assured that your little one will always be taken care of.