A normal health plan may not be enough to meet the cost of medical treatment of your child, in case if he/she falls sick. So, it is important for you to look for a best child health plan in order to make sure that your child will lead a healthy life. When it comes to an ideal child health plan, it offers complete peace of mind for your child's growing needs. When they become ill or require treatment, you don't need to worry about the hospital expenses/costs as a best child health plan will take care of it.
Why Should You Take Child Health Plan?
Every parent wants to give his/her child the best possible protection by securing the future. No parent likes to imagine his/her child falling ill and the treatment gets delayed just because of the expensive treatment cost. But, with the help of a child health plan, you don't need to worry as it will not only give you the peace of mind, but allow you to pay for the medical expenses of your child.
Furthermore, if you are bothering about the high-rise cost of health plan for your child, plans for children needn't be expensive, you can choose a plan that best suits your pocket.
Different Types of Plans
These days, different types of child health plans available in the market to choose from. Some plans only cover the treatment while your child is in hospital, whereas others also include the outpatient help. With the availability of many health plans, you need to pay a monthly premium, and the policy will pay out, up to specified cover limits, in case your child needs the treatment in the future.
Moreover, many health cash plans are also there for your rescue. They will also contribute in your child's routine healthcare costs. This will work by paying out the cash sum whenever your child visits a doctor.
However, to decide the best child health plan, it is important that you should take your time and think about the certain measures before making your final selection. If you buy a health plan for your child, it is going to be a long-term care for him/her, so you need to be careful while choosing a health plan for your child. Don't worry, for your reference, below are some points mentioned, describing what to look before buying a child health plan:
• Daily Benefits
• Coverage Level
• Elimination Period (Waiting Period)
• Benefits Included
• Benefit Period
Well, no matter whichever plan you choose, always remember that your child should be covered with maximum benefits.
Below is the table showing various child plans, offered by different insurers:
|Child Plan||Entry Age||Maximum Maturity Age||Minimum Annual Premium||Minimum Sum Assured|
|Bajaj Allianz Young Assure||18 – 50 years||60 years||N/A||10 times Annualized premium|
|Birla Sun Life Insurance Vision Star Plus||18 – 55 years||75 years||N/A||Rs. 1.00,000|
|Max Life Shiksha Life Super||21 – 50 years||65 years||Rs. 25000||Rs. 50000|
|ICICI Pru Smart kid Assure plan||20 - 60 years||75 years||Rs. 15000||5 times the annual premium|
|Aegon Life EduCare Advantage Insurance Plan||20 – 60 years||75 years||N/A||Rs. 100000|
|MetLife Smart Child Plan||18 – 55 years||N/A||Rs. 18000||10 times annual premium|
|Bharti AXA Life Child Advantage Plan||18 – 55 years||65 years||N/A||Rs. 25000|
|HDFC SL YoungStar Super Premium||30 - 60 years||75 years||Rs. 24000|
|SBI Life Smart champ Insurance Plan||21 – 50 years||70 years||Rs. 6000||Rs. 1 lakhs|