It is hard to imagine a child suffering from a life threatening critical illness, but there are children suffering from the same. Large number of people do not care about getting a critical illness cover for their children even if they have insurance for them, like the over-50 life insurance. But they miss the point of having their family secured in the future. Thus it is really necessary to have a medical plan for their children. There are number of advantages of having a medical insurance for the child. Some of them are:

• The premium amount needed for the child’s medical policy is much less than the amount needed for an older man.
• A child is more likely to get passed for a medical insurance, because there is large number of chances that the child will clear the medical test that is needed as a prerequisite to have a critical illness cover.
• These insurance plans come as an add-on with the normal life insurance.
• You can avail the insurance sum insured as a monthly wage or as a lump sum.

So if you do not have the critical illness cover for your child today then you must have one.

Tagged under:critical illness cover Health Flash life insurance life threatening medical insurance medical plan

Share This

Filed under: Health Flash