How to cover a newly born child 2 months old?

POSTED BY Suresh K Perumalla ON April 30, 2014 10:25 am COMMENTS (8)

Dear Sir,

I have 2months old daughter and looking to cover her with proper Insurance and Health Plan. Kindly please guide me in a right way. Me and my spouse has LIC Jeevan Saral Insurance covered and have Mediclaim facility through my working IT company. Ofcourse, now my daughther too has been covered in the mediclaim. But I wonder if they cover her for every illness or frequent doctor consulations. Please suggest me any family Health plan too covering all three of us. Many thanks.

With Warm regards,

Suresh

8 replies on this article “How to cover a newly born child 2 months old?”

  1. ashalanshu says:

    dear Suresh, your answer that you are adequately covered under Jeevan Anand needs to be introspected by yourself. if you feel a 2-3-5L Rs. cover under Jeevan anand policy is sufficient for your family to live a happy life in your absence for next 15-20Y, what can I say to you? Please compare your yly income with your insurance value in existing policy and answer how many years’ income is there as sum assured in your policy?

    Thanks

    Ashal

  2. Suresh K Perumalla says:

    Hi Ashalanshu,
    May be I did not put correct question.. anyway , thanks for your help.

  3. Suresh K Perumalla says:

    Hi Ashalanshu,
    May I did not put correct question.. anyway , thanks for your help.

  4. ashalanshu says:

    Dear Suresh, as you have sufficiently covered your family’s financial future with Jeevan Anand, I rest my case here. Please go ahead and purchase another Jeevan Anand for your d’ter. Then one more for yourself and one more for your wife and one more for your d’ter and keep on doing so.

    Thanks

    Ashal

  5. Suresh K Perumalla says:

    Hi Ashalanshu,
    Your first question really made me think again and again. The only thing I am asking for insurance policy is – apart from death, it covers accident or serious Illness which I may not bare if costs much. Secondly, I heard the premium at very younger age will be very less.

    Answering to your second question, yes there will be some financial loss to my family if I die. So I took Jeevan Anand for my self.

    In case, if it is not advantageous to take Insurance coverage for my child, please suggest me what kind of coverage would be better.

  6. ashalanshu says:

    Dear Suresh, 2 blunt questions to you.

    1. If your d’ter dies tonight, what ‘ll be the financial loss to your family that you want an insurance policy on her life?

    2. On the other hand, what ‘ll be the financial loss to your family if you die tonight in place of your d’ter?

    Thanks

    Ashal

  7. Suresh K Perumalla says:

    Hi Ashalanshu,
    Since me and my wife have Jeevan Anand, shall I take the same for my newly born child? or which one is best interms of life coverage.

    Also, please suggest what Health Plan is good for all 3 of us? I want this Health plan to cover starting from doctor consulations to any surgeries. Please guide.

  8. ashalanshu says:

    Dear Suresh, please purchase personal health plan for all 3 of you. Regarding your life insurance query, I’m unable to understand what do you want to do? Please explain.

    Thanks

    Ashal

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