Should I take a Mediclaim policy for a newborn?

After the birth of a child, parents start making financial plans for him. Some parents also consider it necessary to take a Mediclaim policy for the child. Let us know the important things about this.

Can a newborn get a separate health policy?

It is not possible to get personal health cover for a newborn. But the child can be added along with your existing family floater or group health insurance policy.

What is the minimum age?

The child cannot be added to the health cover immediately after birth, as the initial days after birth are considered very risky. Insurance companies usually allow this after 90 days. The age limit may be different for different insurance companies.

Take cover from the start

Some companies insure maternity and newborn from day one under benefits or additional cover.

How to apply?

You need to apply to add the child to your existing health policy. It can be given in the form prescribed by the insurance company along with the necessary documents at the time of renewal every year. If the insurer agrees to cover the child from day one, the company must be informed within a week of the birth of the child.

Which documents are required?

Documents related to birth such as copies of birth certificates, maternity discharge cards, and reports of any medical conditions the child may have had at the time of birth should be provided. A photo of the newborn may also be required for cashless cards issued by the insurer.

Premium will increase

When you add your newborn to the existing health policy, you have to be ready for the revised premium as well. The insurance company will calculate the revised premium.

Things to note

1. The medical cover given to the newborn by different companies may be different. Some cover vaccination fees, while others also cover congenital disorders.

2. It is important to consider the charges, terms, and conditions of cover offered while deciding on a health cover.