Disability insurance still alien to India

By IBNlive.com
Wednesday October 25, 07:13 PM

New Delhi:
 Rahul (name changed) was abandoned at an orphanage in New Delhi four 
years back. The reasons are obvious - he is disabled.
Hundreds of babies like him are deserted every year by parents who can 
make no place in their lives for disabled children.
In India there are at least four companies that have insurance policies 
for unborn children that covers them for disability after birth. But 
unfortunately, there are few takers.
AGM, New India Assurance Company H P Singh says, "There is a policy that 
we offer that protects children against disabilities, but we have sold 
very few because Indian parents are very superstitious by nature and 
they think that by going in for a policy like this would mean bad luck."
Take New India Assurance Company for example. Their Unborn Child Welfare
Insurance scheme has been around since 1987. But to date, they have hardly
sold more than 200 policies.
The policy offers an insurance of Rs 75,000 for a one time premium of Rs 
1,500. And the policy covers a range of disabilities for new born babies 
from lung and heart defect to physical disabilities.
However, parents like Pooja and Pankaj Sharma who have just had baby 
Ananya are
not convinced that such policies do expectant parents any good.
"There is such a positive energy all around when you're expecting a 
baby. The last thing you need is a policy like this to put that seed of 
thought in your mind that some thing might go wrong," says Pankaj Sharma.
Paediatricians are stunned are what they call a typical situation where 
superstition prevails over logic especially since treating disability in 
children runs into lakhs and a little monetary help would always be 
welcome.
With most parents unable to afford the expensive medical treatment, it's 
the children who have to pay the price.
To make matters worse, companies who offer such policies haven't made 
much of an effort to market them.
Says Paediatrician A K Gulati, "I think it is ridiculous to say that its 
bad luck because one in three live births are disabled children. Also 
these insurance companies need to approach doctors instead of parents 
because hardly any one knows about these policies"
There are lakhs of children who are born with some kind of disability 
every year in India. Their lives could have been much better if their 
parents had taken out a disabilty insurance.
But hope of new perfect life inevitably overrides caution. When shopping 
for coloured clothes for a baby to come, a disability insurance probably 
seems far too gloomy.


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