Insurance Products that you may not have known existed – Multiple Births Insurance

• March 24, 2024
• LUTAKOME
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For many couples giving birth to multiple babies simultaneously, either twins, triplets or more is considered an event of extra ordinary importance, in my culture when a newly married couple is being blessed by well wishers, one of the implied prayers is for them to get twins and any couple that attains this feet automatically acquires a fresh title in honour of this extra ordinary achievement.
The world of financial planning, however, the financial experts explore all financial implications of every event that might occur in our lives and devises mitigation measures on how to manoeuvre the cost implications. For example, when a lady conceives, the planning process begins to identify the most suitable hospital where the delivery is to be done as well as the costs associated with the upbringing of the anticipated baby, right from nurturing, all the way to the costs associated with educating the offspring.
Multiple births insurance is purchased to cater for the additional costs of raising the additional child(ren) for a couple that was planning for a single birth. Such costs can include but not limited to; employment of caretakers, feeding, neonatal medical costs, costs of education, etc.