4 reasons to consider medical insurance for your child

#2: Safeguard against common illnesses & medical conditions

It is not uncommon to hear of newborns or young toddlers needing medical treatment for certain health conditions, especially respiration or infection-based conditions. Although most parents hope for the best for their child, a solid medical plan allows them to have access to quality medical assistance or subsequent consultation in the event of post-hospitalisation cases. This can help catch symptoms of specific illnesses while in the early stages and minimise the likelihood of these symptoms taking a more serious turn.

#3: Financial peace of mind 

The common argument against getting a child a medical insurance plan is that their medical expenses, if any, would be limited and a fraction of the cost of an adult’s. In light of that, it is important to take note that medical costs for treating a child is no different than the medical treatment cost for an adult, and neither are immune to price increases which happen year on year. Having a medical plan for your child not only provides access to quality healthcare when they need it the most, it also provides a financial safety net in the event of a medical emergency.

#4: Locking in protection at a more competitive price

As children are the youngest and have the lowest likelihood of using all of their claims, the premium is more affordable for them from the get go. There is also a possibility of converting their medical plans when they turn 18 into a plan with more coverage, with no medical check-up required. Another advantage of getting protection for your child is the ability to maximize tax relief. To qualify for relief of up to RM3,000 yearly, ensure that the medical policy is in both you and your child’s names.

Once you have made the decision to protect your child, you can choose from two types of medical protection plans available. The main difference between both are additional benefits for each plan: 

• A standalone medical plan like A-Life Med Regular is sufficient to cover all medical costs, including hospitalisation, consultation and treatment. It is an ideal plan if you’re looking for the most basic coverage and a fundamental standalone medical plan if you already have an existing term life insurance.
• A medical plan that rides on an existing life policy, like the A-Plus Med, offers additional medical coverage on top of existing life protection. You can also choose a more comprehensive rider that guarantees the payment of your child’s policy, in the event of your passing.