After giving birth to a baby, I realized that raising a baby was different from what I imagined! In addition to no longer being able to sleep until dawn, it is common for babies to catch colds, fevers, and be hospitalized... If it weren't for insurance, my wallet would have been

After giving birth to a baby, I realized that raising a baby is different from what I imagined!

In addition to being unable to sleep until dawn, it is common for babies to catch colds, fevers, and be hospitalized...

If it were not for insurance, my wallet would have been empty.

However, for many new parents, buying insurance for their babies still requires a lot of homework.

How to buy newborn insurance? Which ones to buy? What precautions? Today’s article solves the confusion of all new parents!

Why is it necessary to buy insurance for your baby?

Before buying insurance, it is recommended that you first find out what problems you want to buy insurance for your baby to solve. Be aware of it before purchasing accordingly.

For newborns, there are mainly two risks that need insurance to protect:

• Disease risks: It is common for babies to have headaches and fever, and hospitalization is common. Minor illnesses and pains are okay, but if you encounter a serious illness like leukemia, it will have a huge impact on the family;
• Accident risks: Babies are naturally lively and active, and they will bump into each other and be bitten by cats and dogs if they are not careful. , burns, burns... This kind of accidental injury may not be serious, but it may be small. If it is serious, it will also cost a lot of money.

After figuring out the common risks of babies, we can configure insurance for babies in a targeted manner.

would also like to remind everyone that insurance can be decided according to the family budget. The one that suits you is the best. There is no need to compare with others.

How to buy newborn insurance? Which ones to buy?

As mentioned earlier, there are two main risks that babies face: disease risks and accident risks. We can supplement the protection based on these two major risks.

For babies, there are only 4 types of really useful insurance: children's medical insurance, accident insurance, medical insurance, critical illness insurance. Let’s talk about the roles of these four types of insurance.

1. Children's medical insurance:

Children's medical insurance is a benefit provided by the state to all newborns. The sooner you apply for it, the better .

Most areas require to apply for within the specified time (usually within 1-3 months after birth) . After applying for children's medical insurance, the outpatient and inpatient medical expenses from the day the baby is born can be reimbursed.

However, if the application is processed beyond the prescribed time, only the medical expenses after the medical insurance takes effect will be reimbursed, so it is necessary to apply for medical insurance for the baby as soon as possible.

The application process is not complicated. You only need to take your baby's household registration book, ID card , baby photo, birth certificate and other materials to the local social security bureau or directly apply online.

Warm reminder: Children’s medical insurance regulations vary from place to place. You can consult with the local medical insurance bureau to handle the procedures.

2. Accident insurance:

Accident insurance can generally be purchased one month after the baby is born. Accident insurance is available to everyone and is a must-have insurance.

Accident insurance is not expensive, with dozens of yuan a year, and medical expenses for accidental injuries such as bumps and burns to the baby can be reimbursed. If you are unfortunately accidentally disabled or die, you can also pay a sum of money.

Currently the most recommended accident insurances for babies are: Concentrate Children’s Accident Insurance 2022

3, Million Medical Insurance:

Million Medical Insurance and Children’s Medical Insurance are “golden partners”, We all know that medical insurance is the deductible and reimbursement. upper limit.

For the parts that cannot be reimbursed by medical insurance, you can use the million-dollar medical insurance to reimburse you. A million-dollar medical insurance costs several hundred dollars a year, but it can reimburse up to 2-4 million yuan. If a child gets seriously ill, having a million-dollar medical insurance will not drain the family.

However, many million-dollar medical insurance generally has a deductible of 0,000 for hospitalization, which means that expenses within 10,000 will not be compensated.However, this problem can be easily solved by pairing it with a small-amount medical insurance as a supplement.

Currently, the more recommended million-dollar medical insurances for babies include: Worry-Free Medical Insurance and Good Medical Insurance.

. Currently, the most recommended small-amount medical insurances for babies include: Xiaoyixian No. 2

4. Critical illness insurance:

Speaking of Regarding critical illness insurance, many people will have a question - after buying medical insurance, do they also need critical illness insurance?

The answer is: necessary. Millions of medical care + critical illness insurance complement each other and do not conflict.

Because the compensation methods of million-dollar medical insurance and critical illness insurance are different, the main function of million-dollar medical insurance is to reimburse the medical expenses of hospitalization according to the amount spent.

Critical illness insurance will directly pay a sum of money if you contract a disease specified in the contract. Children with high-risk diseases such as leukemia and severe hand, foot and mouth disease may also have the opportunity to pay extra more money.

This money can be used to pay for medical expenses or to buy nutritional supplements for the children. As for how parents spend it, the insurance company does not care.

Currently, the most recommended critical illness insurance for babies are: Huixin'an 2022, Qingyunwei No. 1, Bumblebee No. 7

5. How to buy newborn insurance for different budgets?

Below we provide you with 2 different budgets for your reference.

html Within 11,000 yuan, the basic protection is taken care of. Let’s briefly talk about the features of this plan:

Accident insurance : 0 deductible for accidental medical treatment, and can be reimbursed both inside and outside social security.

Medical insurance: The maximum reimbursement is 4 million, with zero deductible for serious illness, and 100% reimbursement for expensive purchased medicines. And it is a 20-year guaranteed renewal version, giving your baby stable protection.

Critical illness insurance: Due to budget constraints, I chose a 30-year policy, but the critical illness insurance amount is RMB 500,000, which is basically enough. This product can cover an additional 600,000 yuan for specific diseases in children, which is very cost-effective.

Accident insurance and million-dollar medical insurance are the same as the 1,000 yuan version above, so I won’t go into details. Let’s talk about critical illness insurance and small medical insurance.

Critical illness insurance: This version has a larger budget, and the critical illness insurance is upgraded to Hornet 7. Compared with the old version of Hornet No. 6, there is no increase in price when the quantity is increased. The critical illness insurance amount of RMB 500,000 can be protected until the age of 70, protecting the baby for a longer period of time. If you unfortunately suffer from a serious illness in the first 30 years after buying the insurance, you can be compensated 800,000 yuan, and if you are unfortunate enough to suffer from a special childhood illness, you can be compensated 1.55 million yuan.

Small medical insurance: Small medical insurance is mainly used to reimburse medical expenses below 10,000 yuan. This product has an insurance coverage of RMB 10,000 for hospitalization and accidental medical treatment, and hospitalization medical expenses can be reimbursed both inside and outside social security.

What are the precautions for newborn insurance?

There are some things to pay attention to before buying insurance for your baby. You can understand it briefly.

. Adults first, then children

Parents are the most solid backing for their children. So only if parents are good, children will grow up happily. Therefore, when we are arranging insurance for our baby, we must not forget to buy insurance for ourselves and our wife.

Adult insurance can buy these 4 types:

million medical insurance + critical illness insurance + accident insurance + term life insurance

There is one more term life insurance than baby insurance. Its function is to retain love but not debt, in case you are unfortunate. When he collapses and passes away, he can still leave some money to his family and children.

There are many adult insurance products to choose from. Everyone's physical condition is different, so I won't give you a plan here. If you want to know more, you can directly leave a message below and tell me.

. Protect first, then manage finances

Nowadays, many parents will spend a lot of money to buy education funds for their children to make long-term plans for their children to go to college and further their studies in the future.

I would like to remind everyone here that before buying education funds, you must first take care of your baby's health and then buy financial products.After all, good health is the capital of revolution~

. Reasonable allocation according to the budget

When buying insurance for newborns, you must spend your money wisely and allocate it reasonably according to your own financial situation. Generally speaking, it is appropriate for the cost of buying insurance for the entire family to be within 10% of the family's annual income.

4. Final words

Babies are our weakness and also our armor. It is the wish of all parents to accompany their babies to grow up safely.

That’s it for today’s sharing. I believe everyone should have a clear idea of ​​the question “How to buy the right newborn insurance?”

If you have any other questions, you can leave a message and tell me directly:)

I am an insurance expert who has been in the insurance industry for 6 years!

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