As parents, we always want to ensure that our children are protected in every way possible. One crucial way to achieve this is by getting insurance coverage for them. In this clip, we discuss different types of insurance coverage available for children, and why parents should consider getting insurance for their children.
Children’s Insurance Coverage
One common question that parents ask is whether they need medical insurance for their children. While basic healthcare is free in New Zealand, it can take a long time to see a specialist or get treatment for surgery. With medical insurance, parents can opt for immediate treatment without any delays or wait times. This can give parents peace of mind, knowing that their child’s health needs will be attended to promptly.
Another type of insurance that parents can consider for their children is trauma cover. It provides financial support if their child suffers from a critical illness or injury. Some insurance companies offer complementary benefits of up to $50,000, and extra coverage can be purchased for up to $200,000 per child. The illnesses covered are usually those listed in the policy, such as cancer, heart disease, or stroke. While it may not be the most pleasant topic to think about, having trauma cover can give parents the reassurance that their child’s needs will be taken care of if they are faced with a critical illness or injury.
While insurance coverage for children may not be a topic that many parents think about, it is worth considering.
