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Which should document to apply insurance of my child's name?

I want to do insurance for my child's name for the life of my son. So that he'll have some money so he'll be able to fulfill his dream because of my money. So then what should document to apply insurance of my child's name?

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    I’m going to tell about eight documents. Which will take to apply insurance of your child. These important documents should have of your child. Birth certificate. A birth certificate records the name, gender, date of birth, place of birth, parents' name, and address. ... Government identity card Passport. ... Vaccination records. ... Insurance. ... Savings Details. ... Medical Certificates. ... Guardianship Nomination.

    2019.08.01 18:0

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Being blind is a disability and that is why the government is granting them a lot of benefits. Since there are some tests that will do to babies to check if they really are visually impaired, it will cost a lot. But since insurance covers it, there is nothing to worry about. Even though the insurance is not specifically due to blindness, there is nothing to worry about because the medical insurance part will cover it.

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If your insurance company tells you that you are not required to pay for co-pay then it just means that you are not required to. You should try telling the doctor's billing department because in most cases, the doctor's are not informed about this. Once you've consulted with the billing department they should reinburse the money that you've used.

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Will our insurance system fail one day?

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

How can I assure that the insurance company is legit?

Insurance companies today are expanding and have a lot sister companies or even subordinates. It is hard to distinguish if these companies are even legit or legal. You can visit the website of these insurance companies to see what are the feed backs. There are also great advertisments that is recognized by the government.

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