Benefits of Opting Child Health Insurance Plans in 2022

Getting special health plans for children is something not many people think about. But do you know the benefits of opting for a child health insurance plans? Read on to know more.

Children need a lot of care and attention throughout the period from the time they are born till they are adults.  Further, with pandemics like the Covid-19 and other diseases rising at a fast pace, it becomes imperative for parents to opt for special child health insurance plans to keep them safe. Also, due to unhealthy eating habits of children, poor lifestyle as well as the adulteration of provisions, small kids are becoming prone to diseases. On top of that, the ever rising cost of healthcare further aggravates the situation. Thus, having  good health insurance plans for your little ones with enough coverage is the best thing in the current situation.

So, in this blog we will talk about the child health insurance plans to allow you a better insight on the same.

What are Child Health Insurance Plans?

These are insurance policies that are crafted to meet the needs of your children’s health requirements by protecting and covering them against numerous ailments. So, with children’s health insurance, parents can get compensation for costs incurred due to various children’s healthcare needs like vaccination, regular check-ups, hospitalization, and so on. So, with the help of a health plan for kids, parents can easily secure the healthcare needs of their children by securing their health financially.

Children insurance policies are available for kids as young as new born as well as for pre-teens and teens. These policies support parents in availing quality health care for their children whenever required.

So, if you are willing to invest in securing the health of your kids, the next question you would ask will be, how much is health insurance for a child? To answer this question, let us see and understand some of the best children insurance policies below.

Best 4 Health Insurance Plans for Children in India

1) Plan Name – Aditya Birla Activ Assure Diamond Plan

Insurer: Aditya Birla Health Insurance Company

Sum insured  – 2 Lakh  to 2 Crore rupees

Benefits –

• Vaccination cover
• Day care treatment
• In-patient hospitalization
• Domiciliary hospitalization

2) Plan Name – Bajaj Allianz Health Guard Plan

Insurer: Bajaj Allianz Health Insurance Company

Sum insured  – 1.5 Lakh  to 1 Crore rupees

Benefits –

• Newborn baby cover
• Road ambulance charges
• Day care procedures
• Pre-post hospitalization

3) Plan Name – Bharti AXA Health AdvantEDGE Plan

Insurer: Bharti AXA Health Insurance Company

Sum insured  – 2 Lakh  to 3 Crore rupees

Benefits –

• OPD for medical and dental
• Newborn baby cover
• Vaccination for newborn baby
• Personal accident cover

4) Plan Name – Care Plus Health Insurance Plan

Insurer: Care Health Insurance Company

Sum insured  – 3 Lakh  to 25 lakh rupees

Benefits –

• Hospitalization expenses
• Newborn baby cover
• Outpatient consultations
• Unlimited e-consultations

Various Types of Children Health Insurance Plans in India 

Child health insurance plans are divided into two categories, namely;

• Family Floater Health Insurance, and
• Individual Health Insurance for Kids

The Family Floater plans cover a child as well as 4-7 members of a family on the basis of the family floater sum insured.  Such plans are feasible as they offer extensive coverage at a reasonable premium.

On the other hand, the Individual Health plans for children allow a child to have personalized coverage. These plans are available on an individual sum insured basis and will only suffice for the healthcare needs of the child alone. In most cases, child health plans are available at low premiums.

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Benefits of opting for Children Health Insurance Plans

Below are some of the benefits that can be availed by children health insurance plans:

1. Comprehensive Coverage of your child’s health:

The key benefit of child health insurance plans is that they allow protection to the insured – that is the child – from a range of healthcare costs. These include cost of hospitalization, cost incurred in the treatment of injury caused due to accidents, costs of vaccination, consultation fee (OPD), and so on. Further, some policies might allow free health check-ups as a value-added service.

2. Monetary Security:

With a child health insurance plan, you can protect your child and secure him/her financially against any unexpected health emergencies.

3. Get the best treatment:

With a child health insurance plan, you don’t have to compromise on availing the best treatment for your child. So, even if you are facing financial constraints, you can still get the best treatment for your kid.

4. Cashless Hospitalization:

Like the regular health plans, you can avail cashless hospitalization facility even in the case of child health insurance plans. So, you can admit your kid to a network hospital for treatment to avail this facility.

5. Discounts:

If you buy health insurance on the basis of an individual sum insured for your child, you might also receive a family discount on the premium.

6. Tax deductions/Benefits:

You can also enjoy the benefit of tax deductions under Section 80D on the premium that you pay on a child health insurance plan.

Eligibility Criteria of Children Health Insurance in India

Min. age of Entry – 91 days (in case of infants 1 day)

Max. age of Entry – up to 25 years

Now, many parents want to know, how long can my child stay on my health insurance. Actually, a child can stay protected until he/she becomes financially Independent.

Tips to Choose the Best Child Insurance Policy in India

Here are some tips to choose affordable health insurance for children only:

• Check the coverage offered under the policy
• Check the SI or sum insured
• Buy a policy with new born baby coverage
• Go through the policy exclusions
• Go for appropriate add-ons
• Compare plans for child health insurance

Popular Health Insurance Companies India, 2023

To Conclude 

So, now you know the various benefits of availing child health insurance plans. However, you must pick a plan very cautiously so that you can avail maximum coverage for your child along with other benefits.

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