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We recommend that all parents take out child insurance as soon as possible after the baby is born to get the best possible cover (preferably at the doorstep of the maternity hospital!). In this article, we give two examples of why your child should have child insurance and how it is calculated.

Child insurance is an important insurance for your children's economic security if something happens and should be taken out as early as possible. It can be difficult to know what a child insurance policy can cover if your child has an accident or falls ill. To help you understand what support and security a child insurance policy with Länsförsäkringar can provide, we have listed two clear examples below.

Example 1 - Diabetes

A 9-year-old boy is urgently admitted to hospital for treatment and it turns out that he has type 1 diabetes. The boy stays in hospital for 11 days, but before he can go back to school, he needs continued care from his parents at home. The Social Insurance Agency grants the boy's parents a quarter of the care allowance for three years. Diabetes is a disease that the boy will have for the rest of his life, i.e. a permanent disability that allows for a medical disability benefit of 15%.

How is a medical disability calculated?

It may take a few years to establish the degree of disability. The number of years varies depending on the disease. The basic principle is that the person should be at a stage where the disease is neither getting better nor worse. Based on this stage and the individual's condition, medical experts assess the impact on daily life. Medical disability is assessed in percentages.

This is how it works:

Compensation for medical invalidity is calculated on the amount of insurance chosen. A price base amount is a value that is set annually by the government and follows price developments in society. This means that our compensation is indexed annually.

The boy's sum insured is 40 PBB (PBB = price base amount), i.e. SEK 2 292 000, resulting in a total compensation of SEK 455 029. The compensation is completely tax-free.

This is how much is paid out:

• Emergency care allowance: 860 kr
• Hospitalization 11 days: 7 568 kr
• Care at home 12 days: 8 256 kr
• Medical disability: 343 800 kr
• Carer's allowance: 94 545 kr

Total: 455 029 kr

The amounts are calculated on the basis of the price base amount for 2024 at Länsförsäkringar, which is SEK 57,300.

Example 2 - Concussion and wrist fracture

A 2-year-old girl falls out of a swing and hits her head on the steel swing set. At the same time, she injures her wrist in the fall. The girl's glasses break and there is a large tear in her overalls. The parents go to the emergency room and the girl is hospitalized with a broken wrist and a concussion. She recovers quickly from the concussion but the wrist fracture results in a medical disability of 3%.

This is how it works:

The compensation for medical disability is calculated on the selected sum insured, which in this case is 50 PBB, i.e. SEK 2 865 000. The compensation is tax-free and totals SEK 91 099.

This is how much is paid out:

• Medical travel: 48 kr
• Emergency care allowance: 725 kr
• Hospitalization 2 days: 1 376 kr
• Reimbursement for glasses and clothing: 3000 kr
• Medical disability: 85 950 kr

Total: 91 099 kr

The amounts are calculated on the basis of the price base amount for 2024 at Länsförsäkringar, which is SEK 57,300

Find out more about child insurance, what the different amounts mean and take out child insurance Today.