It is said that there’s no greater miracle on earth than to bring a new life on the planet. While that may be true, trying to grasp the concept of parenting can often be bittersweet for new parents as they attempt to navigate their way through these brand new challenges and responsibilities. There’s a constant frenzy of tending to all the feeding, bizarre sleep cycles, safekeeping, and did we mention crying?
In this scenario, financial planning for the young one can often take the backseat as most young parents adapt to this new day-to-day lifestyle. However, getting a sound healthcare plan for your infant should be one of your top priorities.
Continue readīng to understand how you can protect yourself and your child against any medical expenses and how this form of coverage is acquiring monumental importance with each passing day.
Does your Insurance cover your newborn?
It definitely can! Usually insurance companies provide coverage to newborn babies after they have attained the age of 90 days. However, that is subjective to the plan that you choose for yourself and your child. In order to protect both of you against any unforeseen medical complications, you must ensure that the insurance company you have chosen offers coverage for your newborn at the earliest.
Can baby Insurance start protecting me even before birth?
Absolutely! Ask for a maternity insurance plan that can seep into baby healthcare. It would provide complete all round financial protection from your pregnancy to the arrival of your little one. By issuing a policy covering a person before they are born, Unborn child insurance can start as early as the beginning of the pregnancy and insures a pregnant mother until right after her child is born, offering cover against severe and specific pregnancy complications, hospitalization due to premature birth or death of the mother.
Why do I need a healthcare plan for my newborn?
Purchasing healthcare insurance for your newborn comes with plenty of benefits as in the unfortunate event of an unforeseeable medical emergency, financial constraints should be the least of your concerns.
Health insurance plans for newborn babies have become a necessity as they cover the complexities arising from childbirth. Such policies relieve stress for parents and ensure their overall well being.
Some reasons to purchase a Health insurance plans for a newborn baby are –
- Available at reasonable premiums
- Overall medical expenses are reduced
- Security of newborn child’s health is ensured
- Financial burden is likely to be slightly relieved after the arrival of the new-born
What does it cover?
An infant insurance plan would typically bring to you a comprehensive package which provides protection from high risk and high cost situations for both mother and baby.
Some instances include –
- Child care benefit if the baby is admitted to the Neonatal Intensive Care Unit (NICU) or High Dependency Unit (HDU)
- Incubation of new born babies
- Newborn jaundice requiring phototherapy treatment (a common scenario) The claim amount would vary as per your choice of policy.
Another key feature of this plan is that in the unfortunate event of some critical illnesses or complications that your infant might be experiencing in early stages of their life, this plan is likely to cover you against a range of diseases that might affect different organs. A typical coverage plan is likely to help you remain financially secure against the following complications-
- Heart – Ventricular Septal Defect (VSD)
- Heart – Atrial Septal Defect (ASD)
- Heart – Tetralogy of Fallot
- Heart – Transposition of Great Vessels
- Main Blood Vessel from Heart – Coarctation of the Aorta (CoA or CoAo)
- Brain – Cerebral Palsy
- Brain – Infantile Hydrocephalus
- Spine and Spinal Cord – Spina Bifuda
- Mouth and Face – Cleft Lift with or without Cleft Palate
- Eyes – Congenital Cataract
- Ears – Congenital Deafness
- Anus – Anal Atresia
- Eating – Oesophageal Atresia
- Breathing – Congenital Diaphragmatic Hernia
Eating & Breathing – Tracheo-oesophageal Fistula
That definitely sounds like something I might need for my child. How do I purchase baby insurance?
www.policystreet.com is a one-stop insuretech platform for all your insurance needs. Trusted by thousands of individuals and organisations across Malaysia, we aim to make insurance purchasing a simple, easy and affordable experience for you. With a range of insurance providers you can browse, choose and purchase the insurance best suited for your needs.
Our AXA emedic healthcare plan provides complete coverage to you and your entire family against any financial damages involved in medical expenses. Check our page out to know how you can get secured.Do get in touch with our customer service team to learn more about how you can get your baby’s healthcare insured today and live a stress-free life as you enter this rollercoaster journey of parenthood!