Health insurance for newborns is crucial for new parents. It ensures that your infant receives the best care without worrying about high medical costs. These policies cover neonatal complications, infant care, medical check-ups, and vaccinations.
Since newborns have weaker immune systems, insurance offers financial protection, allowing parents to focus on providing care. This guide explores the best insurance plans for newborns in India, highlighting their key features. Let’s simplify it for you!
7 Best Health Insurance for Newborn 2023
1.Aditya Birla Activ Assure Diamond Plan
The Aditya Birla Activ Assure Diamond plan stands out as a comprehensive health insurance option offered by Aditya Birla Health Insurance Company. It is tailored for individuals and families, providing extensive coverage with higher sum insured options.
The plan covers medical hospitalization expenses and offers additional benefits, including second opinions on critical illnesses and domestic/international emergency healthcare assistance services. Noteworthy features and benefits include:
- Sum Insured Reload Benefit: This feature allows for a reload of the sum insured if the initial sum insured and No Claim Bonus/Super No Claim Bonus are exhausted due to previous claims. The reload provides up to 150% additional sum insured for hospitalization due to unrelated illnesses.
- Daily Cash Benefit: For each day of hospitalization, the insured is entitled to an extra benefit of Rs. 500 as daily cash for up to 5 days.
- Vaccination Benefit: Coverage for vaccination charges for insured individuals up to 18 years old, available for a sum insured of Rs. 1 Crore or more.
- Medical Check-up Program: The plan offers free routine health check-ups customized based on the insured’s age and opted sum insured.
- Donor Organ Transplant Expenses: Coverage for donor expenses for harvesting organs for transplantation.
- Domiciliary Hospitalization: Expenses covered for domiciliary hospitalization undergone at home due to the insured’s health condition or a lack of available beds in the hospital.
- Day Care Procedures: Coverage for 586 day care procedures where 24-hour hospitalization is not required.
- Hospitalization Expenses: Coverage for various hospitalization expenses, including room rent, boarding expenses, medical consultant fees, surgery-related costs, and more.
- Emergency Ambulance Expenses: Coverage for emergency ambulance expenses for transportation to the nearest hospital.
- Pre-Hospitalization and Post-Hospitalization Coverage: Coverage for expenses incurred 30 days before hospitalization and 60 days after hospitalization.
- AYUSH Treatment (In-patient): Coverage for Ayurveda, Unani, Siddha, and Homeopathy treatment up to pre-decided limits.
- Second Opinion for Critical Illness: Coverage for a second opinion from a doctor at a network-listed hospital for major critical illnesses.
- Domestic and International Emergency Medical Evacuation: Coverage for expenses incurred during the transportation of the insured from one hospital to another and air ambulance services if applicable.
- Health Coach Benefit: Coverage for personalized coaching by a health professional for conditions like hypertension, hyperlipidemia, asthma, diabetes, etc.
- Optional Covers:
- Decrease in Pre-existing Diseases Waiting Period: Reduces the waiting period of pre-existing diseases from 2 years to 1 year for claims related to pre-existing illnesses.
- No Claim Bonus (NCB): Offers a bonus ranging from 10% to 50% of the sum assured after a claim-free year at the time of renewal.
- Unlimited Sum Insured Reload: Reinstates the sum insured amount an unlimited number of times if the base sum insured is exhausted due to earlier claims.
- Super NCB: Increases the sum insured by 50% upon renewal for every claim-free year, acting as an add-on to the No Claim Bonus.
- Accidental Hospitalization Booster: Provides additional insured amount equal to the amount insured for in-patient hospitalization in case of hospitalization due to a road mishap.
- Cancer Hospitalization Booster: Offers additional coverage equal to the sum insured for in-patient hospitalization in case of hospitalization due to cancer.
- Any Room Upgrade: Allows the insured to decide the preferred accommodation, available for a sum insured of Rs. 5 lakh or more.
- Exclusions:
- Initial 30-day waiting period for all treatments and illnesses.
- 2-year waiting period for specific illnesses/treatments, including cataract, glaucoma, sinusitis, joint replacement surgery, and more.
- 4-year waiting period for genetic disorders.
- Exclusions for injuries due to war, intentional exposure to danger, use or abuse of hallucinogenic substances, and more.
- Exclusions for treatments related to pre-existing conditions, HIV AIDS, venereal diseases, and more.
- Exclusions for certain medical treatments taken outside India.
The Aditya Birla Activ Assure Diamond plan offers a comprehensive and customizable coverage package, making it a robust choice for individuals and families seeking extensive health insurance benefits.
2. Niva Bupa Heartbeat Platinum (Max)
- Newborn Baby Cover: Up to ₹2,00,000
- Policy Coverage: Up to ₹1 crore
- Minimum Premium Price: ₹17,234
The Niva Bupa Heartbeat Platinum offers coverage from the delivery date to the end of the policy year, encompassing two deliveries. It stands out by providing separate coverage for the newborn up to the insured sum. The policy includes maternity benefits and vaccinations for the baby up to one year, making it one of the best health insurance options for newborns in India.
3. Royal Sundaram Lifeline Policy – Elite Plan
The Royal Sundaram Lifeline Policy, specifically its Elite plan, is a comprehensive health insurance policy offering various features, including coverage for newborn babies. Here are the key details:
- Newborn Baby Cover:
- The Elite plan provides coverage for newborn babies.
- It offers 25% of the total sum insured for newborn baby cover.
- Policy Coverage:
- The policy provides coverage up to Rs. 1.5 crore, ensuring substantial financial protection.
- Minimum Premium Price:
- The minimum premium price for this plan is Rs. 4284, making it accessible for policyholders.
- Maternity Cover:
- The Elite plan includes maternity cover, addressing the healthcare needs of expectant mothers.
- Vaccination Charges Coverage:
- The policy covers vaccination charges, offering financial support for essential immunizations.
- Coverage extends up to Rs. 10,000 for vaccination expenses.
- Additional Benefits:
- The plan may offer additional benefits beyond newborn baby coverage and maternity cover.
- These benefits contribute to a more comprehensive and well-rounded health insurance offering.
- Coverage Till Expiry Date:
- The coverage for newborn babies extends until the expiry date of the policy.
The Royal Sundaram Lifeline Policy, especially the Elite plan, emerges as a holistic health insurance solution with a focus on comprehensive coverage for policyholders, including newborns. The inclusion of maternity cover and vaccination charges adds further value, making it a well-rounded policy option.
4. Bajaj Allianz Healthcare Supreme
The Bajaj Allianz Healthcare Supreme is a comprehensive health insurance plan with a range of built-in benefits and customizable add-on coverage features. Here are some key features of this plan:
- Physiotherapy Coverage:
- The plan includes coverage for physiotherapy expenses, ensuring support for rehabilitative treatments.
- Inbuilt Maternity Cover:
- The policy comes with an inbuilt maternity cover, addressing the healthcare needs of expectant mothers.
- Newborn Baby Cover:
- The Healthcare Supreme plan provides coverage for newborn babies.
- The coverage includes medical treatments for the newborn and vaccination expenses for the first 90 days of life.
- Customizable Coverage:
- The plan offers the flexibility to customize coverage based on individual requirements.
- Policyholders can tailor the plan to suit their specific health and financial needs.
- Comprehensive Scope:
- The plan offers a comprehensive scope of coverage, encompassing a wide range of medical expenses.
- Add-On Coverage Features:
- In addition to inbuilt benefits, the plan allows for the inclusion of add-on coverage features.
- Policyholders can enhance their coverage by opting for additional benefits as needed.
- Holistic Healthcare Solution:
- Bajaj Allianz Healthcare Supreme aims to provide a holistic healthcare solution, addressing various aspects of medical expenses and wellness.
5. Digit Health Insurance with Maternity Cover
Digit Health Insurance offers a health plan with maternity cover, including coverage for newborns. Here are the key details:
- Newborn Baby Insurance Policy:
- The health plan includes a newborn baby insurance policy that covers medical expenses related to the delivery, cesarean section, room rent, pregnancy complications, and newborn care.
- Coverage extends to any medical complications the baby may experience for up to 90 days from delivery.
- Policy Coverage:
- The policy provides coverage up to ₹1 crore, ensuring a substantial financial safety net for medical expenses.
- Minimum Premium Price:
- The minimum premium for this health insurance plan is ₹276 per month, making it an affordable option for policyholders.
6. Tata AIG Medicare Premier Plan
The Tata AIG Medicare Premier Plan is a comprehensive health insurance option with a focus on providing various benefits, including coverage for newborns. Here are the plan details:
- Newborn Baby Cover:
- The plan includes coverage for newborn babies, addressing necessary treatment expenses arising from delivery complications.
- Policy Coverage:
- The policy offers coverage up to ₹50 lakh, providing a substantial financial cushion for a range of medical expenses.
- Minimum Premium Price:
- The minimum premium for this health insurance plan is ₹15 per day, offering flexibility and affordability for policyholders.
7. Religare Joy
Religare Joy is a specialized maternity-oriented health insurance plan, offering two versions: Today and Tomorrow. Here are the key features:
Today Variant:
- Maternity Waiting Period:
- The Today variant comes with a maternity waiting period of only 9 months, providing relatively quick coverage for maternity-related expenses.
- Newborn Baby Cover:
- The plan includes coverage for newborn babies, offering financial protection for medical expenses related to the baby’s care, with coverage extending up to Rs. 50,000.
- No Limits on Room Rent:
- The Today variant does not impose limits on room rent, providing flexibility in choosing accommodation during hospitalization.
Tomorrow Variant:
- Birth Defects Coverage:
- The Tomorrow variant covers birth defects of the baby, addressing medical expenses associated with congenital conditions.
Conclusion:
In conclusion, opting for the best health insurance for newborn babies in India is a wise financial decision for new parents. These insurance plans provide comprehensive coverage, including hospital bills, pre and postnatal care, and vaccination charges.
As medical expenses continue to rise, having insurance for your newborn can help minimize the financial burden, ensuring that your baby receives the best possible medical treatment. It provides peace of mind and financial security during the crucial early stages of your child’s life, allowing you to focus on their health and well-being without worrying about escalating healthcare costs.
