Many newborn babies are blessed with a clean bill of health. What this means is that when you buy an insurance policy for him or her, there will not be any exclusions tied to it. This is in contrast to an older child who may have pre-existing conditions and may only receive coverage with some exclusions.
The reality of life is that as children, and people in general, age, there is always a chance that they will get into accidents and they will fall ill, and in some situations more serious or chronic health conditions may befall them.
The longer you wait before you buy an insurance policy for your child, the higher the possibility that these unexpected health conditions may occur. If that happens, insurer may exclude that particular condition from their coverage, or even decide to reject the application entirely. Once that happens, it will be difficult and stressful for you to purchase insurance for your little ones even if you want to.
AIA Mum2Baby Choices, a prenatal protection and wealth accumulation solution, allows you to insure both yourself and your baby from as early as 13 weeks into the pregnancy, while helping you save for your child’s future education through investments at the same time. This unique plan covers you for 10 pregnancy complications and provides your little one protection from birth for 23 congenital illnesses. You can also transfer the plan to your child, within 60 days of birth, without any medical underwriting, which means your baby will receive guaranteed coverage through adulthood regardless of your baby’s health status.