How to get health insurance for a newborn baby?
It may not be possible to get a health cover for a newborn, but some companies insure a newborn from day one under the maternity cover as a benefit or additional cover.
Type of policy
It may not be possible to get an individual health cover for a newborn, but he can be included or added to an existing family floater policy or group health insurance policy.
The name of a baby who is just a few days old cannot be added to the health cover as the initial days are considered risky. While insurers typically allow the addition after 90 days, the threshold age may differ for companies.
Cover from start
Some companies insure a newborn from day one under the maternity and newborn cover as a benefit or additional cover.
An application for the addition of a child to the policy can be at the time of annual renewal in the form prescribed by the insurance company, along with supporting documents. In case the insurer is ready to cover the baby from the first day, the company should be intimated within one week of the baby’s birth.
The documents pertaining to birth, such as copies of birth certificate, maternity discharge card, and reports in case of any medical condition suffered by the child at birth, should be provided. A photo may need to be provided for cashless card issued by the insurer.
The insurance company will recalculate the premium on the addition of a child to an existing policy. This revised premium amount needs to be paid to the insurance company in order to renew the policy.
Points to note
1. The medical cover offered to a newborn may differ for various companies. Some cover vaccination charges, while others also cover congenital disorders.
2. It is important to consider charges, conditions, cover offered and exclusions while deciding on the health cover.
(This content is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)