Best Insurance Policy for New Born Baby in India: Factors to Consider and Claim Process
There are several insurance policies that cover the medical expenses of a newborn child from the day of delivery till they are 90 days old. These newborn baby health insurance policies cover neonatal complications, infant care costs and sometimes, medical check-ups and vaccinations. Newborn babies are more prone to being sick as their immune system is initially weak. With a newborn health insurance cover, parents can focus on providing them extra care and attention without being worried about the costs of medical care. So, if you’re looking for the best insurance policy for a newborn baby, this blog could help you.
There are a handful of newborn baby health plans in India besides some maternity insurance and family floater plans that cover newborns. In the following sections, we will look at the best insurance policies for newborn babies in India and their features.
Let’s dive in!
| Name of Plan | Newborn Baby Cover | Policy Coverage |
| Max Bupa Heartbeat Platinum | Up to Rs. 100,000 | Day 1 to policy year-end |
| Bajaj Allianz Health Guard Insurance Policy | Rs. 25,000 to Rs. 35,000 as maternity cover | Day 1 to 90 days old |
| HDFC Ergo Health Easy Health Insurance Policy | Additional benefit on payment of extra premium | Day 1 to 90 days old |
| Royal Sundaram Lifeline Policy | 25% of the sum insured | One year from Day 1 |
| ICICI Lombard Complete Health Insurance Policy | Up to Rs. 10,000 | Day 1 to 91 days old |
| Digit Health Insurance with Maternity Cover | Sum insured | Day 1 to 90 days |
| Tata AIG Medicare Premier Plan | Up to Rs. 10,000 | Up to 90 days |
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Other insurance plans that provide adequate cover for newborn babies are as follows.
List of Best Insurance Policy For Newborn Baby in India
1. Max Bupa Heartbeat Platinum
Its coverage lasts from the delivery date to the end of the policy year and covers two deliveries in this period. Unlike other policies, it provides separate coverage for the newborn up to the insured sum. In addition, it covers maternity benefits and vaccinations till the baby is one year old.
2. Bajaj Allianz Health Guard Insurance Policy
This provides newborn baby cover as a part of maternity coverage. It has a waiting period of 72 months and provides maternity coverage of up to Rs. 35,000 for caesarean deliveries. It covers post-birth complications and expenses for mandatory vaccines.
3. HDFC Ergo Easy Health Insurance Policy
It offers newborn baby cover under its premium policy variant, with an insured sum of Rs. 3 lakh to Rs. 50 lakh. It provides delivery coverage of up to Rs. 25,000 and newborn baby coverage of up to Rs. 5000 for necessary treatment.
4. Royal Sundaram Lifeline Policy
Its Elite plan is a comprehensive policy with many features, including newborn baby coverage. It provides 25% of the total sum insured for newborn baby cover in addition to maternity cover. The policy covers vaccination charges of up to Rs. 10,000 and newborn baby cover till the expiry date.
5. ICICI Lombard Complete Health Insurance Policy
The newborn baby cover for this general medical insurance scheme covers a child from the delivery date to 91 days. This is applicable only if one takes the optional maternity coverage. The policy covers delivery charges and pre and postnatal care.
6. Digit Health Insurance with Maternity Cover
The maternity policy of this health plan covers medical expenses for delivery, caesarean section, room rent, pregnancy complications and newborn cover. It covers any medical complications of the baby for up to 90 days from delivery.
7. Tata AIG Medicare Premier Plan
This all-around health insurance plan provides a number of benefits, including a newborn baby cover. It covers up to Rs. 10,000 for necessary treatment of a newborn arising out of delivery complications.
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What are the Benefits of Buying Newborn Baby Health Insurance Plans?
Here are some of the benefits of buying a newborn baby health insurance plan:
- Medical bills related to maternity care in private hospitals can cost between Rs.60,000 to Rs.120,000 in the country. Newborn health plans cover such high bills and lower the parents’ financial stress.
- These health insurance policies or add-on benefits come with a low premium.
- Buying a newborn plan ensures complete financial safety as it covers all sorts of healthcare needs. This includes hospital-related expenses, daycare procedures, ambulance charges, etc.
- Many of these plans cover vaccination charges and prenatal and postnatal expenses.
- It provides much-needed peace of mind for parents, knowing that they will never run out of funds when seeking treatment for their child.
Factors to Consider Before Buying Newborn Baby Health Insurance Policies
Before signing up for any policy, it’s important to consider several factors.
1. Waiting Period
Most insurers will have a certain waiting period during which you cannot avail the benefits of the health insurance policy. Having a shorter waiting period will allow your newborn baby to qualify for protection as soon as possible.
2. Plan Coverage
Some of these policies only cover expenses for necessary treatment, while others cover expenses for vaccines and other medical expenses.
3. Co-payment Clause
With a co-payment clause, parents have to pay part of the medical bills out of their own pocket before the insurance covers the rest. Having this will allow you to pay a lower premium, while its exclusion may reduce potential medical expenses.
4. Minimum Age
Some insurers cover the newborn baby from the first day of its birth. Others have a minimum threshold age as the initial days are considered risky.
5. Option to Upgrade
Many insurers allow you to upgrade to a child plan once the newborn baby’s cover is over.
Risks Associated with Not Buying a Health Insurance with New Born Baby Cover
It is absolutely recommended that you get a health insurance policy with newborn baby cover. You will be able to avoid the following risks with the same:
- High-cost medical expenses and cost of surgery for your newborn
- Protection of your newborn with the health insurance policy in any and every circumstance
- Not getting proper and prompt supervision from the doctor
What Documents are Required to Purchase a Newborn Health Insurance Plan?
One needs to have the following documents in place for a newborn baby’s health policy:
- Birth certificate
- Child’s medical reports (if applicable)
- Maternity discharge card
- Cashless health card
- Other policy documents
Coverage of Newborn Baby Health Insurance
Buying a health insurance policy with newborn baby cover will be certainly beneficial for the whole family. A health insurance policy with newborn cover will have benefits, such as pre-hospitalisation and post-hospitalisation expense coverage, ambulance charges, daycare charges, and doctor visits. However, please note that the coverage amount will vary from one insurance provider to another, depending on the policy.
How Can You File a Claim for a Newborn Health Insurance?
There are two ways to claim a medical insurance policy:
1. Cashless Claims
- Step 1: Choose one of the network hospitals covered by your insurer/TPA (Third Party Administrator) for admission.
- Step 2: At the time of admission, fill out and submit a pre-authorisation form at the TPA counter.
- Step 3: Next, submit all the documents asked by the TPA agent, including policy and KYC documents.
- Step 4: The insurer will receive all the documents and approve the cashless treatment.
2. Medical Reimbursement
- Step 1: First, inform your insurer or TPA that you will get admitted to a hospital for treatment.
- Step 2: After getting discharged, have the hospital sign and attest all the medical bills and prescriptions.
- Step 3: Also, remember to collect the discharge certificate/summary.
- Step 4: Fill out the claim form and get it signed by your consulting doctor.
- Step 5: Submit all the original copies of hospital bills, pharmacy bills, medical reports, etc.
Final Word
The best insurance policies for newborn babies in India cover everything from hospital bills and pre and postnatal care to vaccination charges. With medical expenses rising day by day, you may want to get one of these to minimise the expenses of availing of the best treatment for your baby.
With Navi Health Insurance, you can get complete coverage, including hospitalisation expenses, daycare procedures, ambulance cover, and more. Download the Navi app and sign up for an insurance plan that’s designed to secure your future.
FAQs
Ans: Yes. Always remember to check the terms and conditions of the plan to make sure it covers all your requirements.
Ans: Yes. Newborn babies can be covered under a family floater policy having maternity cover.
Ans: Depending on the insurer, this type of policy usually covers necessary medical treatment of the baby, vaccination charges, congenital disorders, etc.
Ans: Yes. One can apply for the addition of newborn baby cover at the time of the annual renewal of the existing policy. They will need to notify the insurer to cover the baby within one week of its birth.
Ans: Newborn health insurance plans generally come with a waiting period. However, this varies from one plan to another. During this waiting period, no claims raised are acceptable. That’s why you need to add a baby cover to your existing health insurance plan to make sure the baby’s basic treatments and facilities are provided when needed.
Ans: Most insurance providers do not have plans for newborn coverage from the first day. The basic criterion for newborn baby health cover is 90 days since the baby is born. As an alternative, you can add a baby cover to your existing family floater health insurance plan.
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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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