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Health Insurance: After losing parents, will orphans lose medical cover as well?

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health insurance, Covid-19 pandamic, orphan children, renewal of health insuance policy of orphaned children, dependent children, legal gurdian, Insurance Regulatory and Development Authority of India, IRDAIThe continuation of well being cowl is necessary for orphaned youngsters because the authorized guardians or family members could care for them, however might not be in place to bear the burden of hospitalisation value.

The Covid-19 pandemic has already claimed lakhs of human lives in India – the recorded quantity is near 4 lakh and remains to be growing by hundreds day by day. Other than shedding their livelihood, many households have misplaced their incomes members as nicely.

Even supposing fatalities amongst youngsters are low, the pandemic has performed havoc within the lives of many little ones, with hundreds of kids shedding one or each mother and father.

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In line with an affidavit filed by the Nationwide Fee for Safety of Baby Rights (NCPCR) within the Supreme Courtroom on June 1, 2021, as many as 9,346 youngsters have both misplaced no less than one mother or father or been deserted between March 2020 and Might 2021.

In line with the report, the recorded figures of kids, who have gotten orphaned after shedding each the mother and father, are 1,742, whereas some worry that the precise quantity could also be a lot increased.

As insurance coverage firms present well being cowl to a dependent little one provided that no less than one of many mother and father applies for the duvet together with the kid, the insurance coverage cowl for a kid will proceed after shedding one of many mother and father.

Youngsters are allowed to proceed underneath the household cowl until they’re financially depending on the mother and father or they attain the age of 21 years.

Nonetheless, the massive query is what’s going to occur to the medical health insurance cowl of the kids who’ve misplaced each their mother and father?

Health Insurance: What happens to a policy after death of an insured member?

The continuation of well being cowl is necessary for orphaned youngsters because the authorized guardians or family members could care for them, however might not be in place to bear the burden of hospitalisation value.

When requested in regards to the destiny of medical health insurance cowl of orphaned youngsters in absence of each the mother and father, T A Ramalingam, Chief Technical Officer, Bajaj Allianz Common Insurance coverage mentioned, “The coverage will proceed for the kids with the authorized guardian as proposer.”

As dependent youngsters embody single youngsters, step youngsters or legally adopted youngsters, orphans could not lose their medical health insurance cowl after shedding each of their mother and father, offered their authorized guardians proceed to pay the premium.

Nonetheless, to make issues straightforward, clear reduce tips concerning eligibility and scope of authorized guardians are obligatory from Insurance coverage Regulatory and Growth Authority of India (IRDAI) to make sure continuation of medical health insurance cowl of already insured youngsters even after shedding each the mother and father.

It is because, out of affection, grand mother and father or different family members of orphaned youngsters could care for the youngsters with out legally adopting them, leading to disqualification on the time of renewal of the medical health insurance insurance policies of such youngsters.

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