Health Insurance Policies for Newborn Babies in India

Bringing a child into the world is a great responsibility taken equally by two people. Parents are responsible for loving, caring, raising and protecting their child from any harm. Not only do they plan to shower all the love to their kids, but also to do every bit to make life less difficult for them.

Speaking about ensuring a child to have everything essential, most of us forget the most basic requirement – the best health insurance plans for a newborn baby. Yes, one of the few major steps in making the path of life easier for babies is 'timely insuring them under the most suitable and comprehensive health insurance plan'.

This is crucial because medical emergencies can arise anytime anywhere and can drain you off all your past savings, hence, leaving you in a financial distress. In case, you are looking forward towards safeguarding the health of your newborn baby, then first begin by ensuring that he/she is protected at the time of any medical emergency, buying a comprehensive health plan with a newborn cover is the correct way to move forward. Although, there are just a few health insurance plans that are designed specially for newborn babies, in order to get your newborn baby insured, you can always go for maternity insurance coverage or multiple family floater plans.

Why is it Important to get Health Insurance with a Newborn Cover?

A new addition in the family is like a bundle of joy bringing lots of happiness with itself along with the new added responsibilities. Buying a health insurance with a newborn cover will help you out financially at the times of need, however, in case you don’t have it, you might have to face financial stress due to following reasons:

As lots of complications arise at the time of delivery which may require immediate hospitalisation. In case, you do not own a health cover for your newborn, then in order to arrange for money on an urgent basis may leave you under financial debt.

In the absence of an appropriate insurance cover for your newborn, you may end up paying hefty medical bills that can create an added pressure on your growing family financially.

A financial burden gets created upon the individual because of post natal expenses, and in case they are not getting covered under the health insurance plan, then getting proper healthcare for newborn and the mother becomes a bit difficult.

The newborn would not get supervision from the doctor, which is important in order to recover quickly post the complications of delivery.

Things to Remember when Choosing Health Insurance with Newborn Baby Cover

In case you are keen on finding the best child plan for your newborn baby, then choosing a family floater plan is not just a perfect idea but also an economical option. Given below are some important points to consider while choosing a health cover for newborn:

• Make sure you are having complete policy details and necessary documents like a birth certificate.
• It is strongly recommended to carefully go through the policy documents and read the entire terms and conditions for a hassle-free claim settlement process under the health insurance cover.
• Consider an upgrade of your current health insurance policy with a high sum insured that will offer you with the appropriate protection against the healthcare expenditure.
• With an addition of a newborn to your existing health insurance cover, remember that there can be an increase in the premium amount slightly. However, if we consider the coverage aspect, then family floater plans have a nominal premium as compared to the individual health plans.

Types of Health Insurance Policies that Cover Newborn Babies

There are rarely any health insurance plans specifically to cover newborn babies. So, it is advisable to go for a family floater health insurance plans or maternity health insurance plans. These are the two types of plans that can fulfill the health care requirements of the infant.

Why buy health insurance plans for a newborn baby?

Health insurance plans for newborn babies have become a necessity as they meet the complexities arising from childbirth. Such policies break the bubble of stress for the parents and allow them to enjoy the most delightful phase of their lives. Health insurance plans for a newborn baby are beneficial in many ways.

Some of them have been listed below-

• Available at reasonable premiums
• Overall medical expenses are reduced
• Security of newborn child’s health is secured
• You can avoid complexities arising from childbirth without any worries
• No worry of finance and security during the arrival of a new member

What to check before purchasing health insurance plans for a newborn baby in India?

While your child cannot be covered from Day 1, what you can look for is health insurance plans, which cover his/her vaccinations and other post-natal care. Under most health insurance plans, the baby is eligible for cover after 90 days of birth.

Factors to Consider Before Finalising Health Insurance Plans for Your Newborn 

• Premium: Some health insurance plans cover healthcare expenses for a newborn baby as a part of family health cover. Whereas some include it in add-on benefit for which the policyholder has to pay a little extra premium to buy.
• Coverage: Coverage features of a plan differ from insurer to insurer. Some health insurance plans may offer vaccination cover for the child, whereas some may include congenital disorders.
• Plan upgradation after 90 days: Many health insurance plans allow covering children after they complete 90 days. Make sure you choose a plan that allows you to include your child at the earliest.

Read here: Child Health Insurance Plans - All You Need to Know

Top health insurance plans for newborn babies in India

There are many health insurance companies in India that cover newborn babies and provide them with great benefits too. Some of them are listed below along with the main features.

Health Care Supreme

• The minimum age limit is 3 months, no maximum limit
• Sum insured options starting from Rs. 5 Lakh
• Comes in three variants named-Vital, Smart, Ultimo which cover different features
• Benefits include outpatient expenses, maternity and newborn baby treatment expenses, emergency ambulance cover etc.

Max Bupa Heartbeat

• The minimum age limit is 18 years, no maximum age limit
• Sum insured options starting Rs. 1 Lakh
• Benefits include maternity benefit coverage up to 2 pregnancies or terminations, newborn baby cover up till the end of the policy year, add-on benefits etc.

Care Joy

• The minimum age limit is 1 day, the maximum age limit is 65 years
• Sum insured options start from Rs. 3 Lakh
• Available in two variants-Joy Today and Joy Tomorrow with coverage features slightly different from each other
• Benefits include-in-patient hospitalisation expenses, daycare treatment expenses, pre and post hospitalisation expenses cover

ManipalCigna ProHealth Insurance

• People aged at least 91 days can be covered under this policy
• The policy comes with sum insured options ranging between Rs. 2.5 lakh and Rs. 1 crore
• The coverage benefits under the policy include organ donor expenses, worldwide cover, maternity, newborn, first-year vaccinations, and pre-hospitalisation and post-hospitalisation expenses, etc. 

HDFC Ergo Easy Health Premium Policy

• People aged between 91 days and 65 years can be covered under this policy
• The policy can be purchased with sum insured options ranging between Rs. 4 lakh and Rs. 50 lakh which the policyholders can choose as per their requirement
• The coverage benefits under the policy include pre-hospitalisation and post-hospitalisation expenses, newborn baby cover, as an add-on, maternity cover for both normal and cesarean delivery, etc. 

Magma HDI oneHealth Policy

• People aged between 91 days and 65 years can seek cover under this policy
• The policy can be purchased with sum insured options ranging between Rs. 2 lakh and Rs. 50 lakh
• Coverage benefits under the policy include maternity coverage, newborn baby, vaccination, AYUSH treatment, worldwide emergency cover, pre-hospitalisation expenses, post-hospitalisation expenses, homecare treatment with daily cash benefit, etc.

Reliance HealthGain 

• People aged between 91 days and 61 years can be covered under this policy
• The sum insured options available under the policy range between Rs. 3 lakh and Rs. 18 lakh
• Children aged between 91 days and 4 years can be covered under the floater policy if at least one member is aged 21 years or more.
• The policy covers the insured for pre-hospitalisation expenses, post-hospitalisation expenses, in-patient hospitalisation expenses, daycare procedures, domiciliary hospitalisation expenses, and so on. 

Oriental Happy Family Floater Policy

• People aged between 91 days and 65 years can avail of benefits under the policy
• The policy can cover people for sum insured options ranging between Rs. 2 lakh and Rs. 20 lakh
• The policyholders can enjoy several coverage features under the policy including pre-hospitalisation and post-hospitalisation expenses, AYUSH treatment expenses, organ donor expenses, and so on.

Also Read

Health Insurance for Parents - Factors to Consider & Plans Available

Less Health Insurance Premiums for Those Keeping Themselves Fit?

Conclusion

With healthcare expenses rising each day, it is best to timely insure your little one under a suitable newborn health insurance policy and stay away from the burden of heavy medical expenses.