Birth of a child is a joyous occasion for the family. It is
also a time for lots of changes in your personal life. Life can be frantic in
the first few days but you settle down to a new normal. Medical expenses are
usually quite high in the first few years, but fret not. This is a guide to how
you can add your new born child to your health policy.
Intimate the addition of new Member
of your family to the Insurer.
First thing you need to do is to intimate the birth of the
child to the Insurer. Do so within 7 days of the child birth. Most insurers
will start coverage from 90 days after birth but there are cases where the
child is covered from day 1.
Check if your policy already covers
New Born:
There are a number of policies that provide new born cover
from day 1. Before you do anything check if your policy is one of those. In
most cases this cover kicks in after you have had the policy in force for a few
years. If that is the case you probably have to do nothing for the first 90
days. Your existing policy will cover the child for the first 90 days. Also
check if things like cost of vaccination is covered under your policy.
Check cover starting age:
From day 90, most insurers will cover your child as a member
of your family floater plan or Individual plan upon payment of premium. Check
with your insurer on what is the additional premium you need to pay. You will
also need to submit the birth certificate of the child to the insurer. Ensure that
you have all the documentation and submit it to the insurer.
Pay Premium
All that remain now is to pay the additional premium and
your child is covered. For most insurers
you can have the child in your plan until the age of 21. This age varies from
plan to plan and insurer to insurer. So check with your plan.
Important:
If you have forgotten to insure your child you can always
insure him/her at the next renewal. It may also be worthwhile checking if the
insurer would take the child on midway through the policy year.
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