Not only grown-ups fall ill, but kids do also fall ill. In fact, the immunity levels are quite low in children as compared to that in adults and so, children are more prone to diseases.
To ensure that children stay healthy, as a parent one should create a financial backup for them by opting for a children's health insurance plan. These plans offer a plethora of benefits for children. Let's take a look at some of the benefits of health insurance for kids:
- Children need more medical attention in their growing years. Having a health insurance plan will reduce your expenses of regular doctor visits and medication. Most of the health insurance plans provide free health check-ups and physician visits with their children health insurance policies
- Lower premium rates for children. The premium amount of the insurance policy is directly proportional to the age of the policyholder, which means with the increase in the age of the policyholder the amount of premium also increases. That's why people enjoy high coverage with low premium rates in the case of children's health insurance.
- Tax benefits - You may be eligible for up to Rs. 25,000 of tax benefit for buying a family floater plan.
- Long-term security for your children. Health insurance policies act as a shield from future medical expenses. With adequate health insurance in place, you can monitor the overall development of your children.