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Health Insurance for Minors Research Team | Posted On Saturday, July 20,2019, 03:12 PM

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Health Insurance for Minors



A healthy and happy child is all that a parent seeks. Besides taking care of the material aspects, ensuring your child’s physical well being is a major responsibility. Therefore, availing a health insurance plan for your child; is the best way to ensure your child receives quality medical attention whenever required.

Children have less immunity compared to adults and are more susceptible to ailments like viral fever, seasonal illnesses, chickenpox, jaundice, malaria, mumps and measles. Bringing your child under a health insurance plan is the best way to achieve peace of mind, as well as ensure finances are not depleted, when your children are growing up.

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Health Insurance for Minors

Advantages of Availing Child Health Plans:

Offers Customized Benefits:

The child health insurance plans cover your child from the age of 5 years. These plans help take care of the specific health care needs of your child. It helps children enjoy quality medical attention, without any compromise. A child health insurance plan saves you from spiraling medical costs.

See Also: History of Health Insurance in India

Offers Rider Benefit:

A good child health insurance plan comes with built-in as well as add-on riders, at a nominal premium. They can be availed to provide extra cover for child’s health.

Securing your Child:

These customized child insurance plans are specifically designed to insure your child and cater to the specific health needs of your child.

See Also: Health Insurance For Smokers

Types of Child Health Plans:

There are health insurance plans for minors available in the market, which offer attractive features and benefits. However, health insurance for children can be categorized into two types:

Individual Child Health Plans:

As the name suggests, these are individual plans that can be availed to mitigate risk associated with your child’s health. These plans come with added features and benefits like cashless hospitalization and comprehensive health cover. Other than hospitalization, these plans also cover ambulance charges, cost of medical check-up and specialized consultation fees.

Coverage Offered by Individual Child Health Plans:

  • Routine health check-ups
  • Immunization
  • Doctor’s consultation fees
  • Dental and vision care
  • Inpatient and outpatient care
  • Lab test and emergency services

See Also: Get Health Insurance for Your Parents Today

Benefits of Individual Child Health Plans:

  • Lower Premium Rate: The child health insurance comes with minimum premium as the risk associated with insuring the child is low.
  • Added Perks: The health insurance plans are offered with added benefits like cashless hospitalization, helping the insured avail best medical care at network hospitals. This helps save on out-of-pocket expenses and remain stress-free during emergency hospitalization.
  • No Claim Bonus: Some insurers offer the no-claim bonus. These plans get the NCB in the form of a reduced premium or a rise in the sum assured.

Family Floater Health Insurance Plans:

A family floater health insurance plan offers health insurance cover to the entire family. The primary holder, spouse along with children, are covered under family floater health insurance.

Some of the best health insurance plans offer added benefits like health risk assessment, primary consultation with experts, health information on nutrition and diet and so on. These are long-term health insurance plans and the key benefit is it covers your child from birth.

Some policies have a waiting period of 90 days after which the new member can be added to the existing family health insurance plan. These health insurance plans take care of the hospitalization expenses along with other necessary expenditure like vaccination of the infant and so on.

See Also: 10 Mistakes to Avoid While Buying Health Insurance

Benefits of Family Floater Health Insurance Plan for Your Child:

  • High Insurance Coverage: The sum assured on family floater health insurance plan is huge. It helps the child enjoy high insurance cover.
  • Special Discounts: The primary policyholder gets an additional discount on adding new members to the existing health insurance policy. The discounts are higher when a younger member is added.
  • Tenure: As these are long-term health insurance plans, they cover your child till the age of 21 years. So, you can save on hospitalization and medical expenses which otherwise you have to bear while your child is growing up.
  • Additional Covers: The insurers extend several beneficial riders on the family floater health insurance plans. You can avail a rider which suits your child’s medical requirements by paying nominal amounts.

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