On hearing the name of health insurance, it becomes synonymous with wasteful expenditure in the minds of some people. But let us tell you that health insurance is full of deals with many benefits. This is the reason why apart from maternity insurance, children’s health insurance should also be taken out.
If you have not yet got health insurance for your children or are planning to start insurance for children, then read here the benefits of health insurance for children in detail.
Why get children’s health insurance?
We are explaining below some of the main factors why children should get health insurance, such as:
1. Weak immune system of children
The immune system of children is weak and it develops slowly with increasing age. In such a situation, the ability of the child’s body to fight diseases may also be limited, due to which the child becomes more sensitive to viral infections. In such a situation, health insurance for children can provide coverage for health treatment.
2. Accidents
Young children are less alert to accidents than adults. In such a situation, the chances of children having an accident can also be high, for the treatment of which health insurance can also provide coverage.
3. Risk of health problems
Not only this, if the child has any congenital disease or if he faces any minor or serious disease in the future, then insurance can also be beneficial for the children in covering the financial expenses incurred in its treatment.
Benefits of getting health insurance for children
Health insurance coverage is beneficial not only in terms of the child’s health care needs but also in helping to raise the child financially. Read below what are the benefits of getting health insurance for children.
1. Financial security
If the parents are financially weak and cannot meet the expenses of the child’s illness, then insurance can be beneficial for the children. Through medical insurance, parents can get treatment for various health-related diseases, in which they can financially avail the benefits of child medical insurance.
2. Encourage the best treatment
It is obvious that any family takes decisions considering its financial condition. In such a situation, if the child needs any treatment, then they can decide the treatment for him only according to their financial capacity. However, this is not the case with child insurance policy. Child insurance policy can provide a general financial help to every child in getting the best treatment.
3. Coverage for serious treatment as well as minor illnesses
Child medical insurance can not only help in the treatment of minor illnesses but can also help in providing coverage for the treatment of serious illnesses. Additionally, if the child has child medical insurance, parents may not need to worry about hospital bills, medicine expenses and doctor visit fees.
Such various expenses can be covered financially under child medical insurance i.e. health insurance plan for children.
4. Remove financial worries
Every parent may be financially worried about better treatment for their child. At the same time, if the parents have taken child medical insurance under the child plan, then they can be free from this worry. When a child falls ill, they can leave aside financial worries and focus more on better treatment of the child.
5. Low premium
The insurance premium for the Child Health Insurance Scheme has been fixed low. Apart from this, different insurance policy companies have issued various schemes for health insurance policies for the child. Among these, parents can choose child health insurance keeping in mind their financial budget.
6. Additional Benefits
Child health insurance plans not only cover accidents but also provide financial coverage for dietary advice, specialist consultation and other health care-related issues for the child.
7. Discounts from time to time
To encourage parents to opt for a child insurance policy, insurance companies keep offering attractive discounts and offers from time to time. In such a situation, parents can choose expensive health insurance for their child with less investment.
8. Ease of Shopping
There are many types of health insurance available to choose which health insurance to buy for children. Which parents can buy keeping in mind the health condition of the child and their financial condition. Apart from this, parents or children do not have to worry about getting health insurance for their children. All the facilities are available online, which can be availed with just one click.
Types of Health Insurance Plans for Children
There are mainly two types of health insurance plans for children, which include:
1. Individual Plans
This type of health insurance and child medical insurance includes only coverage related to the child.
2. Family Floater Plans
This type of health insurance and child medical insurance includes coverage for the health treatment of the child as well as other family members.
How can one avail the benefits of the Child Health Insurance Scheme?
The ways to avail of health insurance or child health insurance schemes are mentioned below:
- The child can go to any hospital associated with the insurer for treatment.
- You can use the cashless claim facility for the treatment expenses or claim the bill amount from the insurance company after paying the bill.
- Under the Child Health Insurance Scheme, one can go to the hospital for both emergency and planned treatment.
- If the plan for treatment of the child is already decided, then the insurer has to be informed about this at least 4 days in advance.
- At the same time, if the child has to be treated for emergency treatment, then the insurer can be informed to get the child admitted.
- Even if the child is not treated in a hospital covered by the insurance policy, parents can claim the entire amount spent on the treatment. For this, they may need documents related to hospital and treatment.
Keep these things in mind before buying health insurance for children
Before buying health insurance for children, parents should keep the following things in mind, such as:
- What is the coverage of the insurance policy for children?
- How much premium will have to be paid to buy a child health insurance policy?
- For how many years will health insurance for children be valid?
- What types of diseases and treatment expenses can be covered under the child insurance policy?
- Whether the child medical insurance plan offers a cashless facility or not.
- What will be the total amount payable for child medical insurance?
Child insurance policy or children’s health insurance can be considered financially helpful for the child and parents in many ways. So if you have not yet taken insurance for your children, then you can consider taking it soon and avail the benefits of the child plan.