My wife and I have individual health covers for the past five years. We are expecting a child this year and wish to include the baby under a health insurance policy. Should we buy a separate cover for the child? - Kailash Kher, New Delhi
Yes, you may buy a separate individual cover for your child with either parent as the proposer and the child as the insured. At the same time, understand that a family floater plan is a more cost-effective option as it also covers maternity and offers an additional floater amount. However, in your case we advise you to not discontinue your spouse’s existing policy as she might lose out on the advantage of the waiting period that she has already served in the existing policy.
