Five Reasons to get Health Insurance for Your Child

child health insurance
Shot of a single father bringing his little boy for a checkup

In a country where around 75% of people pay for medical expenses from their own pockets, health insurance for children is still a distant dream. However, there are many reasons to get health insurance for kids. We will help you understand how such plans provide great financial support in giving your child the best medical care.

Parenting can be an extremely rewarding experience but it entails many responsibilities, which can be exhaustive both financially and emotionally. You must care for your child’s every need, be it physical, emotional, or financial. For instance, a sick child needs your physical presence, and at the same time, you are responsible for meeting all the ensuing medical costs. 

Getting a separate medical insurance policy is a good way to relieve at least some stress associated with your child’s health. Getting health insurance for your child will ensure they are financially covered and guarantee higher quality medical attention. 

What is child health insurance? 

Child health insurance is an exclusive category that provides health coverage for children falling sick, contracting diseases, needing surgery, meeting with accidents, or any other medical emergency. Usually, the tenure of the child insurance policies is until the child attains the age of 25. 

You can buy child health insurance separately or as a top-up to your own or family health insurance plan. 

Why should you get health insurance for your child? 

Higher chance of getting sick 

As we know children are susceptible to various diseases and tend to fall sick more often. This is because their immunity is still underdeveloped. They may contract diseases at school or when they go out. Getting health insurance will take care of their medical requirements at any point. 

Rising lifestyle diseases 

In today’s environment, a growing number of children are getting lifestyle diseases. Having health insurance for them, helps parents be protected from the financial uncertainty stemming from such risks.

Medical inflation 

The cost of medical care is constantly rising. With insurance, you may save money for your child’s medical care. Insurance will ensure your child gets the best medical attention possible and cover your finances.

Expensive dental care 

Children are prone to dental accidents and dental procedures. Dental care is extremely expensive and can cost a sizeable chunk of pie in the purse. Health insurance can play a pivotal role in saving money and getting your child the dental care they deserve. 

Tax benefits 

Another significant advantage of getting health insurance for your children is that you can claim tax deductions for it. 

Child health insurance is a recommended and worthwhile investment and can improve your financial preparedness quite a bit. Additionally, it will ensure that your child gets top-notch healthcare if there is an emergency. You can opt for the best insurance plans for your children on Geojit’s online portal.

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