Children health insurance is also known as health insurance plans policy for children or more commonly known as child plans. Due to the rising cost of medical treatment, it is better to equip yourself with a child plan. A child plan will provide health coverage for your dependent children, up to the age of 25 years. In addition to health insurance cover, a child plan can also be utilized to meet the cost of your child’s higher education in a university abroad or for marriage expenses.
If you do not want to cover your children under a family health insurance policy, a child plan is an excellent alternate option for insurance cover. A child policy will protect you from expenses arising out of medical emergency and accidental injury, cost of hospital treatment, especially for your children.
Here is a list of the best child health insurance coverage policies in India for 2023, along with the entry age, maturity age, the sum insured, and premium amount.
| Plan Name | Entry Age | Maturity Age | Annual Premium | Sum Insured |
|---|---|---|---|---|
| Tata AIA Super Insurance Plan | 25-50 years | 70 years | Rs. 24,000 | 10x of the annual premium |
| SUD Life Bright Child Plan | 19-45 years | 69 years | Rs. 5,00,000 | Depends on age, coverage, tenure, PPT, PT |
| Shriram New Shri Vidya Plan | 18-50 years | 70 years | NA | Rs. 1,00,000 |
| Smart Future Income Plan | 18-55 years | 80 years | NA | 100x of chosen monthly income |
| SBI Life Smart Scholar Child Education Plan | 18-57 years | 65 years | Rs. 24,000 | |
| Wealthsurance Future Star Insurance Plan | 18-54 years | 64 years | Rs. 25,000 | Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium |
| SBI Life Smart Champ Insurance Plan | 21-50 years | 70 years | Rs. 6,000 | Rs. 1,00,000 |
| Reliance Life Child Plan | 20-60 years | 70 years | Rs. 25,000 | Equal to Policy |
| Metlife College Plan - Child Education | 20-45 years | 69 years | Rs. 18,000 | Rs. 2,10,040 |
| Max Life Siksha Life Super | 21-50 years | 65 years | Rs. 25,000 | Rs. 2.5 lakhs |
| Kotak Head Start Child Assure Plan | 18-60 years | 70 years | Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium | |
| IndiaFirst Happy India Plan | 18-50 years | 60 years | Rs. 12,000 | Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium |
| ICICI Pru Smart Kid Assure Plan | 20-54 years | 64 years | Rs. 48,000 | Rs. 45,000 |
| HDFC SL YoungStar Super Premium | 18-65 years | 75 years | Rs. 15,000 | 10x annualized premium |
| Future Generali Assured Education Plan | 21-50 years | 67 years | Rs. 20,000 | NA |
| Exide Life Mera Ashirwad Plan | 21-50 years | 65 years | NA | Rs. 3.5 lakhs |
| Edelweiss Tokio Life Edu Save Plan | 18-45 years | 60 years | Rs. 6,968 | Rs. 2.25 lakhs |
| Birla Sun Life Insurancevision Star Plus | 18-55 years | 75 years | NA | Rs. 1,00,000 |
Note: All information has been sourced from the official website of the respective insurers.
Raising a child requires planning and finances. Good education and healthcare is essential for your child’s overall development. Give your children the best of health with a child plan today. Get complete details online on Coverfox.
Now that you know that a health insurance policy is important for yourself and your family, you should opt for a children’s health insurance plan or a family floater healthcare coverage policy. We all know that children are more susceptible to disease and fall sick more often than adults.
If you are living in a city that suffers from seasonal bouts of malaria, jaundice, typhoid, and much more, it is advisable to cover each of your children under a comprehensive child health insurance coverage plan.
Due to the recent COVID-19 pandemic and the rising cost of hospital treatment, you must purchase a child plan today. Many child plans cover COVID-19 related expenses.
Here is a list of the benefits of having a child plan:
Since children are young, the premium charged is less expensive than a standard healthcare policy.
You can buy a child plan at an affordable premium online.
A child plan, by default, provides comprehensive coverage for your children.
You can avail of value-added services such as diet and nutrition counseling, and much more.
A child plan also comes with the benefit of No Claim Bonus that you can avail of during the time of renewal.
You can avail of various rider options and enhance your existing child plan; at the cost of an additional premium.
A child policy helps you manage your children’s finances and lead a stress-free life.
You need not worry about the cost of medical treatment and hospital bills.
Who Can be Covered in Child Health Insurance?
In the case of a family floater, you can cover yourself, your spouse, and up to 4 children. In the case of a child plan, only children up to the age of 25 years can be covered.
The first thing to do is make an online comparison on the basis of the following factors:
The scope of cover and the amount of sum insured should be enough to meet all types of in-patient hospitalization expenses, pre/post-hospitalization expenses, OPD treatment, AYUSH benefit, and much more.
Select a child plan with a wide range of rider options
Go for a child health insurance policy that comes with a cashless and reimbursement facility
Look for an extensive number of cashless network hospital list across India
Opt for a plan with critical illness cover
Choose a high sum insured at an affordable premium
Lifetime Renewal Option is a must
Many child plans offer the dual benefits of savings and health insurance
It will help you meet the future needs and expenses of your children
The newborn baby cover should be applicable from the age of 91 days
Once you have gone through the above list, look for the best child plans online on Coverfox. We have specially created a list for your convenience. Call us on 1800 209 9930 for more details.
Health insurance is very important for children because children are most vulnerable due to high pollution levels, and rising infections. School-going children are much more exposed to all kinds of allergies and hence they require medical attention more than anyone. With the high costs of medical services, it becomes essential to have health insurance for children.
Thus, having health insurance cover for children will ensure that you are able to provide quality medical care to your child irrespective of the high costs.
There are different types of health insurance plans available for children. You can choose one according to your coverage needs.
If you want to give the best medical care to your children, you should invest in a children's health insurance policy. Such a plan offers numerous benefits;
You can purchase a child health insurance plan for a newborn, pre-teen and teenager and ensure quality healthcare for your children. Some of the best health insurance plans for children are;
Yes, if your daughter is below 25 years of age, you can include her in your family floater health insurance. In case your daughter has crossed the age of 25 years but is dependent on you and unmarried, she can continue to get coverage under your family floater plan. However, this option is subjective and some insurance companies may not allow coverage beyond 25 years.
It is better to purchase an individual plan if your child has crossed the threshold age limit. Such a plan offers better coverage but at a higher premium. Whether you should include your child in a family floater plan or buy separate health insurance for children depends on the number of family members covered in the family floater plan and the health condition and medical care needs of each member.
The age eligibility of a child for health insurance coverage depends on the type of health insurance and the insurance company. Some common eligibility criteria for children are;
Yes, it is cheaper to add a child to a family floater health plan if the child is young and does not have any health condition. But adding a child to a family floater plan has certain limitations such as there is no cover for newborns and a child is covered only till the age of 25 years. Also, note that a child is not eligible for critical illness and personal accident riders till he is 18 years.
In order to find the best child health insurance plan, compare plans online on the basis of certain parameters given below;
Finally, choose a plan that is flexible and can be modified as per the changing future needs of your child.
A child health insurance plan is similar to a standard health insurance policy. It covers the medical expenses of children. If you opt for a separate health insurance plan for your child you get additional benefits such as lab tests, critical illness coverage, and free check-ups on claim-free renewals. These plans offer both cashless and reimbursement claim settlements. The process for both types of claims is the same as that of a standard health insurance policy.
Most insurance companies allow children till 25 years of age to be included in a family floater health plan. Beyond that, it is recommended to have separate individual health insurance for the child to have better coverage.
