Health Insurance

The age limit until which a child can be covered under his/her parent’s health insurance policy differs across insurers. While some insurers may offer cover till 25 years of age, for others it can be more or even less. The time until which a child can remain covered is mentioned in the policy document.

Generally, most health insurance companies in India allow parents to enrol their child in their existing plan after 90 days of birth. However, the name of the child comes up in the policy bond only after renewal.

Note that health insurance plans are annual contracts which you need to renew every year. Upon enrolling your child in your existing plan, you may need to shell out a higher premium.

As a parent, before buying a health insurance plan, it’s prudent to ask your insurer if there’s a provision for bearing post-natal expenses even if the child is enrolled in the plan after 90 days. Some insurers have this provision, and this can help take care of post-natal expenses.

As a parent, it’s advisable to avail a plan that provides a cover to your child for the maximum time. It is also desirable to find out if your insurer provides a dedicatedmedical insurance plan for kidswhich offer them a longer coverage.

However, in case you find that your child is not covered under your plan anymore, help him choose an individual cover. Such a plan will provide you and your child a financial cushion in case of a medical contingency.

As a parent before availing a family health insurance plan, apart from factoring in the inclusions, exclusions and network of hospitals, among others, it’s important to find out the extent of coverage for your child. Go for a plan that provides you with a comprehensive coverage to you and your child.

At Aditya Birla Capital, you get a range of health insurance plans to choose from as per your needs. Choose the plan that best fits in your scheme of things.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product.  Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.