POSTED BY November 20, 2019 COMMENTS (6)
ONNewborn baby comes with a bundle of joys. However, after his/her, your life changes a lot like adjusting your schedules, balancing your work life and most importantly managing your finances. One important thing which parents forget after the newborn arrives is to add him/her in the health insurance policy.
In this article, we are going to share what is the process of adding your newborn baby to your existing health insurance policy. Note that it does not matter if the child is biological or adopted, the process is exactly the same for all.
As medical emergencies are uncertain and unforeseen expenses may affect your finances badly. And also, getting health insurance for a newborn or a child below 5 years may not be possible, all health insurance policies have a certain entry age limit.
There are two ways of adding a newborn to health insurance. First at the time of renewal and other is, adding during the year.
There are two modes of doing it at the time of renewal, online and offline.
Adding a child during the year can be done only through offline mode. You need to inform your agent or insurance company, fill a prescribed form and attach the birth certificate of newborn baby, along with NEFT/cheque/DD of the increased premium amount.
Important points
In the case of a newborn health insurance cover, it is very important to know, what is covered, what all are exclusions and whether vaccination is covered or not. So, Make sure you read your policy document.
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It is crucial that your child has a health insurance before he/she enters schooling, as that is the time when exposure to new pathogens is the highest.
I think they should have health insurance at the earliest !
Thanks for this wonderful post. The information in this article is very helpful.
Welcome
this is very good thing that parents have to perceive such kind of thing in there life for their child. because its look like an adjusting thing that we could not able to search which was actually affect to our child but in future its defiantly affects on child future so its a best to admire such things before and secure our child future.
Thanks for your comment jay .. Please keep sharing your views like this..
Vandana