3. Premiums on Health Insurance

For parents, their children are their main priority. No matter how critical they are financially, parents usually try to buy everything their children ask and make them happy. But, the only situation parents usually feel helpless is when their children fall sick.

When children fall sick, parents have to depend on doctors and price of treatment and medication will depend upon the severity of the disease.

If you are a parent who is financial not stable, will have to suffer both financially and emotionally, by seeing their child suffering. Infact, health expenses may even lead to financial breakdown in the family.

To safeguard yourself from such situations, it’s always better to get your child insured. The insurer will typically pay the medical expenses of the insured due to problems like accidents, or other common sickness to name a few.

There are many private and government companies that offer child health insurance. The amount of premium you pay towards the plan also has a deduction of up to 15, 000 in a year.

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