In today’s time, health insurance has become almost a necessity even for children, as children can also develop health issues. And ever soaring medical cost makes it a compulsion to have a health insurance for every member of the family.
However, when it comes to buying health insurance for children, you can either cover them under a family floater health insurance or through an individual children health insurance plan.
Under a family floater health insurance policy you can cover your dependent children to a certain age and after that they have to buy new health insurance plan. But children health insurance plan not only covers your child in any eventuality but also provide health coverage all through his life.
And also, after growing up if your child buys a new health insurance plan then he has go through waiting period and in a children health insurance plan this waiting period is exhausted in his childhood itself.
These plans offer attractive returns. The child is paid the sum assured in the event of parent’s death, disability or critical illness. Some plans also provide option of regular income in case of parent’s death.
You need to look out for certain factors while zeroing-in on a children health insurance plan:-
Lifetime coverage: A children health insurance plan should provide health coverage to the kid through his life time.
Inclusions exclusions: Before purchasing any insurance plan do read its inclusions and exclusions thoroughly and choose the plan that best suits your needs.
Benefits: Look out for a plan that offers benefits that match your child’s needs as it will cover him through his lifetime.
It is very important that you ensure your children’s financial security in case of an eventuality. An appropriate children health insurance policy can ensure that your child lead a happy life and have a secure tomorrow.
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