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By Okbima 17 May 2024 158

Health Insurance For New Born Baby: Benefits, Types & Required Documents

 

Health insurance for newborn baby is essential for ensuring their well-being & providing financial security for future medical needs. There are many benefits of health insurance like coverage for doctor visits, immunizations, and hospital stays. Let’s know how it works, types & required documents.

 

What Is The Need For Health Insurance For Newborn Baby?

Newborn babies can get sick easily, and the cost of medical care can get high. That's why having health insurance for your baby is important.

  • Medical care: Even healthy babies need checkups, vaccinations, and sometimes unexpected medical attention. Insurance can help cover these costs.

  • Hospitalization: If your newborn needs hospitalization, insurance can help cover room charges, doctor's fees, and other expenses.

  • Peace of mind: Knowing your newborn is covered by health insurance can give you peace of mind and allow you to focus on their well-being.

 

Best Insurance Policy For New Born Baby In India 2024: Based On Sum Insured

Here are the best health insurance plans for newborn babies in 2024 based on sum insurance & coverage for your newborn baby

 

Health Insurance Plan

Sum Insured (Rs.)

Coverage for Newborn

View Plans

Future Generali Comprehensive Health Insurance (Superior & Premier)

  • Superior: Rs. 15 lakhs, Rs. 20 lakhs, & Rs. 25 lakhs

 
  • Premier: Rs. 50 lakhs - Rs. 1 crores

Included

Get A Quote

Manipal Cigna ProHealth Preferred Plan

Rs. 15 lakhs - Rs. 50 lakhs

Included

Get A Quote

New India Assurance Mediclaim Policy

Up to Rs. 15 lakhs

Included

Get A Quote

Cholamandalam Privilege Healthline Insurance Plan

Rs. 5 lakhs - Rs. 25 lakhs

Included

Get A Quote

Niva Bupa Heartbeat Family Floater Plan

Rs. 5 lakhs - Rs. 1 crores

From Day 1

Get A Quote

Bajaj Allianz Health Guard Gold Family Floater Health Insurance Policy

Rs. 3 lakhs - Rs. 50 lakhs

Up to 90 days

Get A Quote

Care Health Joy Health Insurance Plan

Rs. 3 lakhs - Rs. 5 lakhs

Day 1 - 90 days

Get A Quote

Digit Health Insurance with Maternity Cover

Rs. 2 lakhs - Rs. 25 lakhs

Day 1 - 90 days

Get A Quote

Activ Health Platinum- Enhanced Plan

Rs. 2 lakhs - Rs. 2 crores

Included

Get A Quote

National Parivar Mediclaim Policy

Rs. 1 lakhs - Rs. 10 lakhs

Included

Get A Quote

 

Disclaimer: We have taken the data from the internet, so it can vary based on your newborn baby's conditions & circumstances.

 

Benefits Of Health Insurance For Newborn Baby

Health insurance plans offer many benefits for your newborn baby like financial protection, early coverage, comprehensive coverage, lifelong security & peace of mind.

  • Financial Protection: Medical costs are rising, and even minor illnesses or injuries can be expensive. Insurance helps cover hospitalization expenses, doctor visits, medications & other treatments.

  • Early Coverage: Getting your baby covered early ensures they have a medical history with an insurance company. This can be beneficial when applying for plans later in life, especially for pre-existing conditions.

  • Comprehensive Coverage: Health insurance plans cover many expenses, including hospitalization for illness or injury, pre and post-natal care, vaccinations, and even congenital conditions (depending on the plan).

  • Lifelong Security: Many newborn plans offer lifelong renewability, meaning your child can keep the same plan throughout their life, regardless of any future health issues.

  • Peace of Mind: Knowing your baby is insured allows you to focus on their care and well-being without worrying about the financial burden of unexpected medical needs.

  • Additional Coverage Options: Some plans offer riders or add-on benefits for critical illnesses or broader coverage, allowing you to choose the best plan for your specific needs.

 

Take Control Of Your Health: Compare Health Insurance Now!

 

How Does New Born Baby Insurance Work?

In India, you can buy health insurance for your newborn baby but other things you can do is include your newborn baby in the existing plan you have, get comprehensive coverage, etc.

  • Including in the existing plan: Parents can include their newborn baby in their existing family health insurance policy by informing the insurer within a certain time frame after the baby's birth. The baby will be covered under the same policy as the parents, with specific benefits and coverage as per the insurance plan.

  • Standalone health insurance plan: If the parents do not have health insurance, they can buy a standalone health insurance plan for the baby. The premium for the policy will be determined based on factors such as the age of the baby, medical history, coverage amount, etc

  • Comprehensive coverage: Newborn baby health insurance covers hospitalization expenses, medical treatments, vaccinations, doctor consultations, and other healthcare-related costs. The coverage may vary depending on the insurance provider and the type of policy chosen.

 

Get Covered & Stay Protected: View Health Insurance Plans!

 

Types Of Health Insurance Plan For Newborn Baby

In India, there aren't standalone health insurance policies specifically designed just for newborn babies. However, two main types of health insurance plans can provide coverage for your newborn.

1. Family Floater Health Insurance with Maternity Cover

This is the most common option for covering newborn babies in India. These plans cover the entire family under a single sum insured amount, including your spouse, children, and sometimes even dependent parents (depending on the plan).

  • Maternity Cover: This covers expenses related to childbirth for the mother, including pre and post-natal hospitalization, doctor consultations, and medications.

  • Newborn Cover: After a waiting period of 30-90 days, your newborn can be included in the family floater plan. They'll then share the sum insured amount with other family members for coverage of hospitalization charges, doctor visits, medications, and other medical needs.

 

2. Standalone Maternity Cover

This type of plan focuses solely on pregnancy and childbirth-related expenses. It covers the mother and the newborn for a limited period after birth of 60 days. While it can provide some initial coverage for your newborn, it's not a long-term solution for their healthcare needs.

 

Don't Wait, Get The Coverage You Deserve: Get A Free Quote!

 

Documents Required To Get Health Insurance For Newborn Baby

When adding your newborn baby to your existing health insurance plan in India, you'll need to submit a few documents to the insurance company. 

  • Baby's Birth Certificate: This is the primary document proving your baby's identity and eligibility to be added to your plan.

  • Maternity Discharge Card: This hospital document provides details about your delivery and the baby's initial health status.

  • Photograph: Some insurers may require a photograph of your baby for identification purposes, especially for cashless health cards.

  • Health Reports: If your newborn has any pre-existing medical conditions, the insurer might request relevant medical reports.

 

Read More:

Grace Period In Health Insurance: Meaning, Benefits

Pre-Existing Disease In Health Insurance: List Of Covered Diseases

Top 10 Health Insurance Companies in India 2024: Ranked by IRDAI

Preventive Health Check-up and Its Benefits

Waiting Period in Health Insurance - Complete Guide 2024

 

Conclusion

In conclusion, getting health insurance for newborn baby is crucial to ensure their well-being and provide financial security for unexpected medical expenses. There are many types of health insurance plans available, such as individual plans, family plans, and employer-sponsored plans. Getting health insurance for a newborn baby offers peace of mind and ensures they receive quality medical care. For better guidance, you can contact “Our Experts”.

 

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