Health Insurance For Infants: Check Benefits, And Coverages

Insurance for newborn children is a very essential health investment since it provides them with the necessary coverage against illnesses, medical emergencies, and certain health conditions. Irrespective of the economic conditions of the parents, an infant’s comprehensive, well strategized health claim package ensures that all essential medical care expenses are well compensated for.

Importance of Health Insurance For Newborn

Health insurance is a necessary investment for the human population regardless of their age. Specifically in case of newborns, who are far more prone to weak immunity, accidents, high risk of infection and medical sickness; a complete health insurance coverage plan helps to slash down the ever increasing, costly medical expenses. Therefore, purchasing a comprehensive health insurance plan for newborns provides prompt and affordable medical coverage to them. Apart from this, dependent children can be covered under the Family floater health plan.

Benefits of Health Insurance Plans For Newborns

Here are multiple benefits of infants' health insurance which you can check below:

1. Early Prevention – Timely provision of medical care to newborns and infants helps in preventive care against any illness during the initial treatment stages.
2. Financial Support– Ever rising cost of medical bills can burn a huge hole in the finances of a family. However, with a complete and well supported health coverage plan, the medical expenses on the newborn’s healthcare can be reduced.
3. Immunisation and Vaccination Coverage – Since vaccinations are an integral part of immunisation plans for newborns and infants, a well covered insurance plan cushions vaccination costs too.
4. Hospitalisation Bills – In the event of a newborn who is hospitalised due to any unforeseen medical condition, a healthcare insurance plan covers the cost of room, expenses incurred on the tests , doctors’ fees , pre-hospitalisation, in-hospitalisation, post-hospitalisation etc.
5. Intensive or Specialised Newborn /Infant Care – Healthcare insurance plan for infants who may require specialised type of care helps parents to avail the best healthcare at an affordable price.

Types of Health Insurance Plans for Infants

In India, there aren’t many health insurance plans specifically offered for newborn babies alone however, the following types of comprehensive health plans provide suitable coverage to newborns :

1. Family Floater Health Insurance Plan– This plan intends to cover the newborns and their families under a single insured amount

2. Individual Health Health Insurance– Usually, the newborn’s health insurance plan takes a minimum 90 days to be activated but, there are few insurance providers who offer coverage from day one to the newborn

Factors To Consider While Buying Health Insurance Plans for Newborns

Below are some points to be observed by the parents before choosing a suitable health insurance plan for their newborn’s healthcare coverage:

• Premiums: Choosing a plan that is well contained in the family’s budget

• Coverage: Opting for a plan that provides suitable coverage for illnesses, medical emergencies, and specific health conditions

• Network Hospitals: Looking for local area hospital facilities offering the families, services close to their residence

• Insured Sum: Choosing an insurance plan that offers an adequate sum for the insurance cover

• Waiting Period: Picking a health insurance plan with a shorter waiting period to receive coverage sooner or one that permits you to waive off the waiting period by paying an additional fee

Coverages Under Newborns Health Insurance Plans

Newborns Health Insurance covers multiple things, you can check them below:

• Early Coverage: Getting the newborn child insured at the early stages ensures that their medical history is registered with an insurance company. It comes in handy in the later stages of life during health screening
• Comprehensive Coverage: Health insurance plans cover many expenses such as hospitalisation for illnesses/injuries, pre and post-natal care, immunisation and even some post birth health conditions
• Life Long Insurance Coverage: As the name indicates, this coverage type facilitates the coverage plan to be renewed anytime till the end of life 
• Additional Coverage: Some cover plans offer riders or add-on benefits to provide for critical conditions and illnesses

Infant Health Insurance Exclusions

Exclusions are certain riders, clauses or conditions that are part of the insurance claim under which it will be rejected or restricted to reduce insurance cost borne by the insurance providing company. Some of the important exclusions in infant insurance coverage are :

Specific post birth illnesses being excluded from coverage under the insurance claims. 

Best Health Insurance Plans for Infants

You can check the best health insurance for infants provided by the health insurance companies in India in the given list:

• Aditya Birla Health Insurance- Activ Health Platinum Enhanced Plan

• Bajaj Allianz Health Insurance- Bajaj Allianz Health Guard Gold Family Floater Plan

• Kotak Mahindra Health Insurance- Kotak Mahindra Premier Health Insurance

• Digit Health Insurance- Digit Health Insurance With Maternity Cover

• Care Health Insurance- Care Health Joy Insurance

• Niva Bupa Health Insurance- Niva Bupa Family Floater Plan

• National Health Insurance- National Parivar Mediclaim Plan

Government Insurance Plans for Infants

• Ayushman Bharat Scheme (PM-JAY) under a health insurance cover of Rs 5 lakhs

• PM CARES for Children scheme