What to know before purchasing newborn insurance


The fragile health of their babies is a constant concern of new parents. Newborns are most vulnerable to infections as their bodies slowly build up the immunity needed to fight disease. In addition, childbirth complications and neonatal congenital disabilities are becoming common factors these days, and you cannot ignore them. Before you know it, you may unexpectedly use up your financial savings if and when the baby gets sick.

Aftab Chaz, Associate Director – Digital Sales, Elephant.in, an insurance company, said: “Childcare costs are among the highest in the country, and medical costs for treating a child are not. generally not covered by regular health insurance plans. Thus, insurers offer health care for infants specially designed to treat the ailments children face at their naive age. However, you need to be careful when purchasing a health insurance policy. “

Therefore, to help save such costs, you must have a comprehensive health insurance policy. Nayan Goswami, General Insurance Manager at Sana Insurance Brokers, said that covering your newborn baby with a health insurance plan will help ease the financial burden on hospital costs when the need will arise. “The main reason you purchase adequate health insurance coverage for your newborn baby is so that you can make sure the baby receives the right treatment on time without having to worry about organizing emergency funds in the event. of medical necessity, ”Goswami said.

Many health insurance policies in India cover newborns through basic health policies and optional add-on features. Before finalizing a policy that best suits your family’s needs, it is crucial to be aware of some critical points such as:

Newborn blanket: Some health insurance companies that offer newborn coverage do so as an extension of the maternity coverage chosen in the policy. However, the newborn will only be included in health insurance coverage if the mother is covered by maternity benefits in the same policy.

Waiting time: Maternity and pregnancy are labeled as “pre-existing conditions” in Medicare terminology. As such, they involve a waiting period to be served before the mother and baby become eligible for maternity and newborn coverage, respectively. In such a case, you should select a health insurance policy that allows you either to waive the waiting period when paying an additional premium, or to have a shorter waiting period in order to obtain a cover earlier.

Newborn baby blanket: There is a distinct distinction between the terms “justborn baby blanket” and “newborn baby blanket”. If offered by the health insurance policy, coverage for the newborn (i.e. 0 to 90 days at birth) would generally be part of the maternity benefit. The insurer cannot extend this guarantee to the baby by default in all cases.

“Some insurers specify that the coverage would only be taken into account at the time of the intimation. Coverage could be under-limited to a specified amount or a percentage of the sum insured (either the basic health insurance policy or the amount of maternity benefits), ”Goswami said.

Newborn blanket: Infants 91 days of age and older (say up to 120 or 180 days depending on the insurer’s specifications) must be added as insured members while the health insurance policy is in effect. Some insurers allow mid-term inclusion subject to certain conditions, such as an additional pro-rated premium to be paid for the newborn and upon indication within the specified period. Some insurance companies allow you to add your newborn only to the renewal of the contract and not during the year.

Cover aspects: “A good health insurance policy for newborns would cover the costs of prenatal and postnatal hospitalization, the costs of childbirth, the treatment of certain childbirth complications and infant vaccinations, to name a few crucial aspects. . Natal vaccination is recommended for babies to help them develop strong immunization against preventable diseases, ”said Goswami.

Exclusions: The policy may not cover congenital external diseases. However, internal congenital complications and genetic disorders are covered. However, even a policy covering newborns might mention certain coverage eliminations in the exclusion list, which every parent should pay attention to.

Mint to go

Choosing an optimal health insurance policy for your newborn baby can become a challenge with many options. When doing your research, it would be best to compare several health insurance policies based on the features and benefits of the coverage in order to select the policy that best suits the health needs of your family unit and infant. Prospective parents should be aware that there are no default inclusions in health insurance, especially for their newborns. Goswami said: “Before focusing on your selection, it is advisable to scan and thoroughly understand all the terms and conditions mentioned in the terms of the policy or the customer information sheet attached to the selected policy.”

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