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Bump & Children’s Cover
Bump & Children's Cover is Critical Illness insurance for children, babies from 24 weeks gestation and mum’s pregnancy complications.
As soon as you discover you are going to have children and that pregnancy test shows positive, you will most likely get an overwhelming determination to protect your child at all costs. Unfortunately, sometimes, illness can affect your child, no matter how careful you are. So having a safety net to protect you and your young family is very important.
Worrying about what may come of the illness or complication, can be eased by being financially supported, so you can have time with your child, or have less worry about having unpaid time off work etc. This is where bump and children's cover comes in…
Children's Cover
With some policies, children can be covered from birth until they are 21 years old (23 in some cases). If the illness gets worse and becomes terminal, many providers also include Terminal Illness for children and would pay out upon death, in the region of £5000. They may also provide a funeral benefit if the worst was to happen.
Quick summary:
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Covered for over 40 medical conditions
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Pay out lump sum can be up to 50% of parents’ value
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Cover until they are 21 (or 23) years old
What are the benefits of children’s cover?
One of the main benefits is that if anything were to happen to your child, you have the reassurance that they are covered. If your child was to suddenly pass away, a small lump sum would be paid out to help pay with funeral costs and any other unexpected costs.
If your child had to stay at the hospital for more than 7 consecutive days, some providers will pay out every night after this period to help with accommodation for up to 30 days.
Children’s cover can protect your kid(s) if they were to get a critical illness. If your child was to be diagnosed with a critical illness, they are covered under you and your partner’s critical illness insurance. A lump sum will be paid out of up to 50% of the parents’ value (e.g. parents cover = £50,000 – children each get £25,000 cover), to help with unexpected costs such as time off work, child care or even to help with alterations to the home that may need to be made.
Critical illnesses like cancer, organ failure or permanent disabilities can be covered under a children’s critical illness policy when a parent takes out a critical illness cover. Over 40 conditions are covered by providers. A full list of potential illnesses and disabilities are listed below. These will vary depending on the insurance company you go for.
Aorta graft surgery
Aplastic anaemia
Bacterial meningitis
Benign brain tumour
Blindness
Cancer
Cardiac Arrest
Cardiomyopathy
Coma (with associated permanent symptoms)
Coronary artery by-pass grafts
Creutzfeldt-Jakob disease (CJD)
Deafness
Dementia including Alzheimer’s disease
Encephalitis
Heart attack
Heart valve replacement or repair with surgery
HIV infection
Kidney failure
Liver failure
Loss of hand or foot
Loss of speech
Major organ transplant
Motor neurone disease
Multiple sclerosis
Multiple system atrophy
Open heart surgery
Paralysis of limb
Parkinson's disease
Primary pulmonary hypertension
Progressive supranuclear palsy
Removal of an eyeball
Respiratory failure
Spinal stroke
Stroke
Systemic lupus erythematosus
Third degree burns
Traumatic brain injury
Bump Cover - Pregnancy Complications
Some providers also cover for an extra condition if you have pregnancy complications and could pay-out up to £5000. They will provide cover for bump, from 24 weeks pregnant.
Many providers also offer further support if a child was to get critically ill. Things like specialist children’s nurses, child care benefit, counselling, play therapy, emotional support, family accommodation and domestic support for your home. All to alleviate the stress and burdens put on you during these difficult times.
Here are a list of the main pregnancy complications that can be claimed on, to get a £5,000-£10,000 payout.
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eclampsia (but excluding pre-eclampsia)
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ectopic pregnancy with surgery to remove a fallopian tube
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placental abruption (but excluding placenta praevia)
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foetal death in utero after at least 20 weeks gestation
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new-born intensive care - +37 weeks gestation requiring 24/7 tracheal intubation between birth date and 90 days
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still birth (excluding elective pregnancy termination) after at least 24 weeks gestation
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disseminated intravascular coagulation (DIC)
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hydatidiform mole
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birth defects e.g. cleft lip/palate, club foot etc.