Children’s health insurance
Children insurance plans are proportionate combination of two-fold safety features, one is investment and the second one is coverage by life insurance. A portion of the premium goes in account of life insurance coverage of the parent or guardian and the major portion of premium goes for investment. By sheer bad luck if within the policy period, the parent or the guardian dies, the policy gets auto-continued, premiums being waived, and the beneficiary, that means the child, receives the sum assured, other policy related benefits like bonus, gratuity etc at the end of the term. Most of the insurance plans provide coverage for children health related issues within policy period after the policy comes into action.
Once a child health insurance plan is selected, the child is covered by some health program services like, well baby check up, expenses against medicines, hearing and visionary care and monitoring, sick visit at doctors chamber, dental care, pathological tests, medical counseling if required, shots of immunizations, cost for hospitalization if require, cost of therapies, and cost of surgery if ever prescribed and required by doctor for improvement of health. These basic check ups are included in health insurance plan to monitor general childrens health under the policy coverage.
Children health and well being of the children are the main concern for the parents. However, in medical emergency the parents hardly can do anything except arranging best possible medical care for their child. Health insurance plans for children ensure best possible treatment arrangement for the protection of the health of children.
Before purchasing an insurance policy, one especially the parents should understand the policy and its related provisions, limitations, as well as exclusions. In fact policy coverage is a big factor here. Children health insurance plan generally covers nursing, boarding, and diagnostic tastes added with hospital room rent, fees of surgeon, and other doctors in case of operation.
However, all health insurance plans are not alike. Some insurance policies have provision for fixed cash amount against hospitalization per day basis. If the insured child has pre-existed disease before taking the health insurance plan, the existing disease treatment option may not be covered by the policy of health insurance.
The parents have to go through some formalities while purchasing an insurance policy. They have to fill a form with all the necessary details of the child health. This form contains medical and social history of the to-be-insured child; once the facts concerning children health are verified by insurance company they issue the policy certificate for the customers.