Guide to Buying Newborn Baby Health Insurance Policy

Becoming a parent is, indeed, one of the most beautiful feelings. But this new phase also signals that it is time to be more responsible. From focusing on the health of a newborn baby to modifying our work life, a lot of things need to be done from our end from day one of the child’s birth. In recent years, preserving the stem cells of a newborn is also a significant step taken by various families to ensure they remain shielded from many diseases in the future. Buying a newborn baby’s health insurance policy is another vital step that parents can take to handle the medical expenses easily and at the same time secure the health of the newborn. Though there are rarely any policies available specifically for newborn babies, the parents can take advantage of various family floater policies or maternity plans to ensure the healthcare needs of the infant.

What to Check before Choosing a Plan?

It is vital to analyze these factors before finalizing the health care plan that matches your needs:

Premium: Some insurance companies offer cover for newborn babies as a part of family health cover, without additional charges. Others may levy an additional premium for covering the medical expenses for the newborn and insuring the infant under the existing health insurance plan.

Coverage: The coverage may vary from insurer to insurer. Some companies may cover only vaccination-related expenses, whereas the others include cover related to illnesses or congenital disorders.

Upgrades after 90 Days: Most companies allow individuals to include their children in the floater policy after they attain an age of 90 days. Make sure to choose a company that offers the newborn to be included at the earliest as insured under the health plan.

Customization: If you are planning to include multiple family members for a health insurance cover, it is advisable to select a company that allows you to customize the plan as per your budget and needs.

Other Terms and Conditions: Some companies ask individuals to inform about the birth of their child immediately for availing of the benefits. It, therefore, becomes necessary to go through the terms like these in a detailed manner.

Benefits of Choosing Health Insurance for NewBorns

• Overall medical expenses are minimized
• The health of the newborn child remains secure
• Premiums, if applicable, are reasonable
• The parents can celebrate the birth of their child without any worries

Companies offering Best Health Insurance Plans for NewBorns

A lot of companies provide insurance packages that also cover newborn babies. Features of some popular health insurance plans include:

Bajaj Allianz Health Care Supreme

This plan offers coverage of Rs. 5 lakhs – Rs. 50 lakhs. As a part of its maternity section, a newborn Child’s Plans are covered with a sum of up to Rs. 1 lakh, up to 90 days of his age. Though there are no restrictions to entering into the plan on a floater basis, the minimum age of entry is three months.

Niva Bupa Heartbeat Family First Health Insurance

This plan provides coverage for a maximum of 14 family members. This plan covers newborn babies as insured individuals from birth without any extra premium. This facility is applicable till the next policy year, in case the maternity claim is part of the policy. The company covers vaccination expenses of the newborns for the first year if the individual includes the baby in the plan for the next year of the policy.

HDFC ERGO General Health Easy Health Insurance

In general, the family floater policy includes up to 2 adults and 5 children in a single policy. The children should be aged 91 days to 25 years for being eligible for the policy. Children between 1 to days of age can also be covered if the individual adds Newborn Baby Benefit by paying an extra premium.

ICICI Lombard Newborn Baby Health Insurance

There are multiple plans under ICICI Lombard Health Insurance that include maternity and newborn expenses, namely Health Protect Plus, Health Smart, and Health Smart Plus. The newborns are covered during hospitalization from day one of birth till 91 days.

Care Health Insurance

Care offers two plans under its maternity and newborn cover, namely Joy Today and Joy tomorrow. In both of these plans, a maximum of Rs. 30,000 and Rs. 50,000 is covered for an insured sum of 3 lac and 5 lakhs, respectively. Through the Joy Tomorrow plan, a lump sum of Rs. 50,000 is covered for newborn birth defects.

Conclusion

Let’s hope the companies soon start offering healthcare plans that are tailor-made for children covering all the minor ailments and major disorders—till then, relying on family floater plans and maternity plans is the wisest option. It is vital to read all the terms and conditions before finalizing the newborn baby’s health insurance. By selecting the appropriate plan, you can get rid of the worries related to the health of your child. This will help you enhance the focus on the betterment of their future.