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What insuance is requires for children?

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Old 11-11-2019, 12:17 PM   #1
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What insuance is requires for children?

8 years and 2 years old. Do they need life plan? Or hospital plan enough?
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Old 11-11-2019, 12:29 PM   #2
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8 years and 2 years old. Do they need life plan? Or hospital plan enough?
Hospital is basic must have i would say, wholelife is cheap when they are young and also to ensure their insurability. More into critical illness and disabile protection for kids , as i always believe children death will not be an liability to parents.

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Old 11-11-2019, 12:40 PM   #3
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In order of priority:
1. Hospital plan

2. PA plan for kids (mainly for HFMD, dengue, food poisoning and other minor accidents)

3. Life plan with CI because trust me, you and your spouse will not be able to function properly when your kids are in that state
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Old 11-11-2019, 01:02 PM   #4
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In order of priority:

3. Life plan with CI because trust me, you and your spouse will not be able to function properly when your kids are in that state
Does having more money coming help?
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Old 11-11-2019, 01:05 PM   #5
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More money coming in due to? If it’s at the expense of someone, I’m sure nobody would feel good.

Does having more money coming help?
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Old 11-11-2019, 01:05 PM   #6
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Hospital is basic must have i would say, wholelife is cheap when they are young and also to ensure their insurability. More into critical illness and disabile protection for kids , as i always believe children death will not be an liability to parents.
Kids need CI or disability protection?
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Old 11-11-2019, 01:33 PM   #7
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In order of priority:

3. Life plan with CI because trust me, you and your spouse will not be able to function properly when your kids are in that state
More money coming in due to? If itís at the expense of someone, Iím sure nobody would feel good.
due to life plan with CI. What else?

What does life plan with CI provide when kids are in that state other than money?
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Old 11-11-2019, 01:34 PM   #8
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Kids need CI or disability protection?
Yes, for hiring helper to take care of them if both parents are working.
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Old 11-11-2019, 01:34 PM   #9
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Old 11-11-2019, 01:37 PM   #10
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Yes, for hiring helper to take care of them if both parents are working.
What's the premium?

$1 per year?

The chance is so low, the premium must be very low.

Or the insurance company sells something else.
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Old 11-11-2019, 01:45 PM   #11
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What's the premium?

$1 per year?

The chance is so low, the premium must be very low.

Or the insurance company sells something else.
The risk is equal for everyone, in fact infants and elderly have higher risks (due to lower immunity system). This is why hospitalisation plan, these 2 groups premium are higher.

If $1/year, payout probably also $1 😂
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Old 11-11-2019, 01:48 PM   #12
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The risk is equal for everyone, in fact infants and elderly have higher risks (due to lower immunity system). This is why hospitalisation plan, these 2 groups premium are higher.

If $1/year, payout probably also $1 😂
CI or disability? Are you joking?

Hospitalization, yes. but CI or disability?
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Old 11-11-2019, 01:54 PM   #13
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CI or disability? Are you joking?

Hospitalization, yes. but CI or disability?
CI & Disability risks are the same for all. Nobody can predicts what is going to happen, right?

But in case of other illnesses which may lead up to CI or Disability (viral infection, even simple fever), yes they have higher risks if these minor illnesses are not taken care of properly.
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Old 11-11-2019, 02:03 PM   #14
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CI & Disability risks are the same for all. Nobody can predicts what is going to happen, right?

But in case of other illnesses which may lead up to CI or Disability (viral infection, even simple fever), yes they have higher risks if these minor illnesses are not taken care of properly.
Most CIs are due to aging barring genetic defects.

So a child has the same aging problem as elderly?
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Old 11-11-2019, 02:16 PM   #15
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Most CIs are due to aging barring genetic defects.

So a child has the same aging problem as elderly?
That's a common misconception that child or even teenagers are less prone to critical illness. Less common occurance =/= less risks.

There have been cases of children getting stroke, sudden cancer or fever which leads to brain damage. Search online and these can be easily found

Albeit due to less common occurance (few claims amongst these age group, or coz most did not get a coverage for these when it happens), insurers usually disregard these. Which is why premium is low
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