Health Plans For Parents
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Health Insurance Plans for Parents in India 2024

There are multiple health insurance plans for parents in the Indian insurance sector. Health insurance for parents ensures that your parents have adequate coverage for hospitalization, medical treatments, critical illnesses, personal accidents, and other age-related health issues. Investing in medical insurance for parents offers the ideal sum insured along with additional features like annual health check-ups, cashless treatments, OPD care, daycare treatments, and other empowering features to provide the best health care for parents.

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5 Best Health Insurance for Parents in India

5 Best Health Insurance for Parents in India

What is Health Insurance for Parents?

Health insurance plans for parents are customized health insurance plans offering health care coverage to your parents for age-related ailments, medical emergencies, regular health check-ups, and more. With increasing medical care expenses, paying for health care out of pocket can be expensive. Health insurance for parents makes sure that you are covered adequately in case of any serious medical ailments. Health insurance plans for parents come with a high range of sum insured options along with multiple in-built and additional coverage options.

List of Best Health Insurance Plans For Parents 2024

These are our top health plan picks for parents with their unique features and sum insured options available

Health Plan for Parents Sum Insured Entry Age Unique Feature
Care Senior 3 to 10 L 61 years to no maximum entry age Up to INR 50,000, OPD coverage is available
Niva Bupa Health Premia 5 L to 3 Crore - International cover available
Star Premier Health Insurance Policy 10 L to 1 Crore 61 years to no maximum entry age Avail rehabilitation and pain management
Aditya Birla Activ Health Platinum Enhance 2 L to 2 Crore 5 years to no maximum entry age Mental Illness hospitalization is available
ManipalCigna Lifetime Health 50 L to 3 Crore 18 to 65 years 2 variants are available for customers, namely, India and Global
Bajaj Allianz Health Guard Plan 2 L to 1 Crore 18 to 65 Years 100% sum insured reinstatement in case of exhaustion
Cholamandalam Flexi Supreme 5 L to 5 Crore 18 to 75 Years Unlimited restoration of the sum insured up to 100%
Future Generali Health Absolute 3 L to 1 Crore 18 years - no maximum entry age Features such as fitness tracking, mental health coverage, teleconsultation, and more
HDFC Ergo Optima Secure 5 L to 2 Crore 18 to 65 years Avail e-opinion for 51 illnesses
ICICI Lombard Health AdvantEdge 5 L to 3 Crores 18 to 65 Years Multiple optional benefits like domestic air ambulance, worldwide cover, ambulance assistance, etc.
Kotak Health Care 2 L to 25 L 5 to 65 Years Opt from 3 different optional covers under the plan.
Liberty Secure Health Connect 3 to 15 L 18 to 65 Years Avail up to 150% of cumulative bonus
Magma HDI One Health Plan 2 L to 1 Crore 18 years to no maximum age limit Opt for deductibles as per your choice up to INR 10 L
Raheja QuBE Health QBE Plan 1 to 50 L 18 to 65 Years Choose from 4 different plan options along with sub-limit waiver add-on cover
Reliance General Health Gain 3 L to 1 Crore 18 to 65 Years Avail of 15% discounts on premiums to be paid for maintaining good health
Royal Sundaram Lifeline Health Plan 2 L to 1.5 Crore 18 years to no maximum age limit App-based cabs are available as a part of ambulance cover for customer convenience in times of emergency
SBI General Health Edge 3 to 25 L 18 to 65 years Global Treatment available
Universal Sompo Senior Citizen Health Plan 1 to 5 L 60 to 70 Years Avail Critical Illness Coverage for your parents
National Parivar Mediclaim Plus Plan 6 to 50 L 18 to 65 Years Avail optional covers like critical illness, OPD, and more.
The New India Sixty Plus Mediclaim Policy 2 to 5 L 60 to 80 Years Single women senior citizens can avail of 5% discounts on premiums
Oriental Happy Family Floater Policy 1 to 50 L 18 to 65 Years Select the best plan variant out of 4 variants available to customers
United India Family Medicare Policy 3 to 25 L 18 to 65 Years Avail of optional covers such as maternity cover, newborn baby cover, and more.

Comprehensive health plan for people above 60 to make their second inning stress-free from health-related financial worries.

Unique Benefits

  • No pre-policy Medical Checkup
  • Lifelong Renewability
  • Automatic SI Recharge

Care Senior Citizen (Pros)

  • No pre-policy check-up
  • Annual Health Check-up
  • 540+ Day Care Treatments
  • EMI premium options
  • Discounts Available

Care Senior Citizen (Cons)

  • Change of Gender Treatments
  • Obesity Treatment Unavailable
  • Hazardous Activity Not Covered
  • HIV/AIDS not covered
  • Cosmetic Surgery unavailable

Care Senior Citizen (Other Benefits)

  • Organ Donor Cover
  • Second Opinion Available
  • Affordable Premiums
  • Covid-19 Treatment
  • Ambulance Cover

Care Senior Citizen (Eligibility Criteria)

  • Entry Age - 61 Years
  • Max Entry Age - No age limit
  • SI - 3 L to 10 L
  • Waiting Period - 30 Days

A policy for you and your family which covers modern treatments, laser surgery, e-consultations, annual health check-ups, and coverage of 3 Crores.

Unique Features

  • Maternity Cover
  • International coverage
  • In-Built travel insurance

NivaBupa Health Premia (Pros)

  • Refill benefit for any illness
  • 10% Loyalty Additions in SI
  • Tenure Discounts of upto 15 %
  • Worldwide Maternity Benefit
  • In-patient care

NivaBupa Health Premia (Cons)

  • No OPD Cover
  • No HIV/AIDS Covered
  • 20% co-payment
  • Pre-existing Diseases after 2 yrs
  • Treatment for Alcoholism

NivaBupa Health Premia (Other Benefits)

  • Zonal Coverage available
  • Pharmacy and diagnostic services
  • Opt for additional features
  • Living Organ Donor Benefit
  • Premium waiver and portability

NivaBupa Health Premia (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 3 L to 1 Cr
  • Waiting Period - 30 Days

A unique health plan for individuals above the age of 50 years with no upper age entry limit. The plan comes with a high SI.

Unique Features

  • Affordable Premiums
  • Long Term Discounts
  • Automatic Restoration

Star Health Premier Policy (Pros)

  • Cataract Treatment Cover
  • 10% Health Check- Up Discount
  • High SI
  • Home Care Treatment
  • Road Ambulance Cover

Star Health Premier Policy (Cons)

  • 20% Co-pay applicable
  • Obesity Treatment Unavailable
  • Hazardous Activity not covered
  • HIV/AIDS not covered
  • Cosmetic Surgery unavailable

Star Health Premier Policy (Other Benefits)

  • Hospice Care
  • Pain Management
  • AYUSH Treatment
  • Modern Treatment
  • 100% Cumulative Bonus

Star Health Premier Policy (Eligibility Criteria)

  • Entry Age - 91 Days
  • Max Entry Age - No Age Limit
  • SI - 10 L to 1 Cr
  • Waiting Period - 30 Days

Activ Health Platinum Enhanced

A unique Plan with features such as a chronic management program, modern treatments, covid-19, and more.

Unique Benefits

  • High SI
  • Affordable Premiums
  • Wellness Benefits

Activ Health Platinum Enhanced (Pros)

  • Earn 100% Health Return
  • Cover for Dental Consultations
  • Modern Treatment Cover
  • Wellness Coach
  • Mental Illness Cover

Activ Health Platinum Enhanced (Cons)

  • Illness due to intoxicants
  • Change Of Gender Treatment
  • Hazardous Activity not covered
  • HIV/AIDS not covered
  • Cosmetic Surgery unavailable

Activ Health Platinum Enhanced (Other Benefits)

  • Chronic Management Program
  • Premium Waiver Benefit
  • Reload of SI
  • Road Ambulance Cover
  • Second e-opinion

Activ Health Platinum Enhanced (Eligibility Criteria)

  • Entry Age - Years
  • Max Entry Age - Years
  • SI - 1 L to 1 Cr
  • Waiting Period - 30 Days

Plan with comprehensive coverage up to INR 3 crores with benefits like OPD cover, global cover, women's care, and continuity benefits.

Unique Features

  • Avail Global OPD
  • Cancer treatment
  • High SI

Manipalcigna Lifetime (Pros)

  • No room rent limit
  • Avail Loyalty discount
  • Global OPD
  • International Second Opinion
  • 27 CI Covered

Manipalcigna Lifetime (Cons)

  • Hazardous Activities not covered
  • Injuries due to unlawful activities
  • Obesity
  • Cosmetic Surgery
  • Injuries due to illegal activities

Manipalcigna Lifetime (Other Benefits)

  • Travel Expenses Benefit
  • Global Second Opinion
  • Critical Illness Cover
  • Women+ Cover
  • Air Ambulance Cover

Manipalcigna Lifetime (Eligibility Criteria)

  • Entry Age - 91 Days
  • Max Entry Age - 65 Years
  • SI - 1 L to 3 Cr
  • Waiting Period - 30 Days

A plan with 3 variants offering up to 1 Cr SI. It covers expenses incurred during hospitalization resulting from serious illness or accident.

Unique Features

  • Avail Discounts
  • Maternity cover available
  • Organ Donor expenses covered

Bajaj Allianz Health Guard (Pros)

  • Convalescence benefit
  • Super Cumulative bonus
  • Daily cash benefit
  • New Born Baby Cover
  • Pre & post hospitalization

Bajaj Allianz Health Guard (Cons)

  • No Global Coverage
  • No Dental Treatment
  • No Parkinson's Cover
  • HIV/AIDS not covered
  • No Obesity/Weight Cover

Bajaj Allianz Health Guard (Other Benefits)

  • Health prime rider
  • Non-medical expense rider
  • Wellness benefits
  • Bariatric surgery cover
  • SI reinstatement benefit

Bajaj Allianz Health Guard (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 1.5 L to 1 Cr
  • Waiting Period - 30 Days

A plan with sum insured, premium payments and tenure options. Provides coverage for alternate treatments besides allopathy too.

Unique Features

  • Flexible Sum Insured
  • Avail Newborn Baby Coverage
  • Travel reimbursement

A plan that provides physical & mental health coverage .The plan also includes accidental hospitalization and wellness benefits.

Unique Benefits

  • Diagnostic & Fitness Tracking
  • Discount on fitness
  • Discount on Health Brands

Health Absolute (Pros)

  • Home Health Care Expenses
  • Alternative Treatments
  • Accompanying Person Cover
  • E-Opinion Cover
  • 3 Variant Plan

Health Absolute (Cons)

  • No Newborn Baby Cover
  • No Infertility Treatment Cover
  • No War Injury Cover
  • No Joint Replacement Cover
  • No Obesity Treatment Cover

Health Absolute (Other Benefits)

  • Organ Donor Expenses
  • Maternity Expenses
  • Global Coverage
  • Emergency Medical Evacuation
  • Child Vaccination

Health Absolute (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - No Limit
  • SI - 3 L to 1Cr
  • Waiting Period - 30 Days

Provides comprehensive medical coverage to individuals and families with different budgets by offering SI options ranging from 5 Lakhs to 50 Lakhs.

Unique Features

  • Free health checkup
  • 2X multiplier benefit
  • 100% SI restoration

Optima Restore Policy (Pros)

  • Daily Hospital Cash
  • Ambulance Cover
  • Modern Treatment
  • Lifetime Renewal
  • Pre and Post Hospitalization

Optima Restore Policy (Cons)

  • No Dental Cover
  • No Maternity Cover
  • No Non-Allopathic treatment
  • Pre-Existing Diseases after 3 yrs
  • Alcoholism not covered

Optima Restore Policy (Other Benefits)

  • Sum Insured Enhancement
  • Tax Benefit
  • E-Opinion
  • 10% Family Discount
  • 7.5% discount on 2 years premiums

Optima Restore Policy (Eligibility Criteria)

  • Entry Age - 91 Days
  • Max Entry Age - 65 years
  • SI - 3 L to 50 L
  • Waiting Period - 30 Days

A comprehensive plan for you and your family covering

Unique Features

  • Swine Flu Treatment Covered
  • Pre Existing Disease Covered
  • Cumulative Bonus upto 50 %

Health AdvantEdge (Pros)

  • No health check-ups
  • Domestic Air Ambulance
  • 24x7 Customer Support
  • Newborn baby and vaccine cover
  • Health rewards

Health AdvantEdge (Cons)

  • No Non-allopathic Treatments
  • Unproven treatment not covered
  • HIV/AIDS treatments not covered
  • 3-Year Waiting Period
  • Obesity treatment not covered

Health AdvantEdge (Other Benefits)

  • Bariatric surgery cover
  • Maternity Expenses Covered
  • Orthopaedic Expenses Covered
  • Chemotherapy Covered
  • Eye Surgery Covered

Health AdvantEdge (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age -65 Years
  • SI - 2 L to 5 L
  • Waiting Period -30 Days

Kotak Health Care

Kotak Health Care protects you and your family financially against medical emergencies. The plan comes in three variants- Excel, Platinum and Prime.

Unique Features

  • Enhanced coverage
  • Free Annual Health Check-ups
  • Lifetime Renewability

Secure Health Connect Policy offers comprehensive coverage along with the flexibility benefits to reload the sum insured amount, daycare treatments, stay fit option, etc.

Unique Features

  • Hospital Daily Cash Benefit
  • Day care treatment covered
  • Cumulative bonus available

It is a comprehensive insurance policy that comes in an Individual and Family Floater option, wherein you can cover up to 4 adults and 3 children under a floater policy.

Unique Features

  • Covers Critical Illnesses
  • Covers Accidents
  • 5 Variants

One Health Insurance Policy (Pros)

  • Free Health check-up
  • Recharge of SI
  • Loss of Income Benefit
  • Bariatric Surgery Cover
  • Lasik Surgery Cover

One Health Insurance Policy (Cons)

  • Hazardous Sports Not Covered
  • Substance Abuse Unavailable
  • Hazardous Activity not covered
  • 10% Copay
  • Cosmetic Surgery unavailable

One Health Insurance Policy (Other Benefits)

  • Early Joining benefits
  • Second E-Opinion
  • Fitness rewards
  • Wellness services
  • Hospital Daily Cash benefit

One Health Insurance Policy (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 2 L to 1 Cr
  • Waiting Period - 30 Days

Raheja QBE Health QuBE plan

A health plan suitable for individuals and families. The given plan offers a sum insured for up to 50L.

Unique Features

  • Avail organ donor benefit
  • 4 variants available
  • Medical checkup covered

Raheja QBE Health QuBE plan (Pros)

  • In-Patient Hospitalization
  • Room Rent Cover
  • ICU Cover
  • Doctor Fee Cover
  • Daily Allowance Benefit

Raheja QBE Health QuBE plan (Cons)

  • Obesity
  • Cosmetic Surgery
  • Injury Due To Illegal Activity
  • Injury Due To Hazardous Activities
  • Adventure Sport Injuries

Raheja QBE Health QuBE plan (Other Benefits)

  • Avail Cashless Treatment
  • Regular Medical Check-Up
  • Organ Donor Benefit
  • Recharge Benefit
  • Domiciliary Hospitalization

Raheja QBE Health QuBE plan (Eligibility Criteria)

  • Entry Age - 90 Days
  • Max Entry Age -65 Years
  • SI - 1 L to 50 L
  • Waiting Period - 30 Days

Available in Individual as well as Family Floater Plans, the plan offers comprehensive coverage with in-patient treatment, and several add-on features.

Unique Features

  • Avail waiver of premium
  • Consumables Covered
  • Cumulative Bonus of 33.33%

Health Gain Insurance Policy (Pros)

  • Second Opinion Cover
  • Vaccination Cover
  • Health Check-up Cover
  • Home Care Treatment
  • Vision Correction Cover

Health Gain Insurance Policy (Cons)

  • Unproven Treatments Unavailable
  • Overseas treatment Unavailable
  • Hazardous Activity not covered
  • Infertility Treatment not covered
  • Cosmetic Surgery unavailable

Health Gain Insurance Policy (Other Benefits)

  • Companion Cover
  • Child Care Cover
  • Radio Taxi Cover
  • Convalescence Cover
  • Air Ambulance Cover

Health Gain Insurance Policy (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 3 L to 1 Cr
  • Waiting Period - 30 Days

A comprehensive health plan that comes with 3 variants and up to 1.5 crores Sum Insured.

Unique Features

  • Healthcare & wellness services
  • No capping on room rent
  • Global hospitalization

A comprehensive health insurance plan with 9 base covers and 18 optional covers offering a wide range of sum insured from 3 to 25 Lakhs.

Unique Features

  • Optional Covers
  • Multiple Discounts
  • Tax Benefits

SBI Health Edge (Pros)

  • High SI up to 25 L
  • Unlimited Refill
  • Wellness Cover
  • Long-term Policy
  • AYUSH Cover

SBI Health Edge (Cons)

  • Cosmetic Treatment
  • Injury Due To Illegal Activity
  • Injury Due To Hazardous Activities
  • Adventure Sport Injuries
  • Unlawful Activities

SBI Health Edge (Other Benefits)

  • Family Floater Cover
  • Annual Health Check-up
  • Domestic Help Cover
  • Global Treatment
  • New Born Baby Cover

SBI Health Edge (Eligibility Criteria)

  • Entry Age - 91 Days
  • Max Entry Age - 65 Years
  • SI - 3 L to 25 L
  • Waiting Period - 30 Days

Universal Sompo Senior Citizen Health Insurance Policy

This health plan is specially designed for senior citizens who are above 60 years of age and allows them to cover their spouse’s healthcare needs themselves.

Unique Features

  • Cost of Health Check-up Covered
  • Daily Allowance up to Rs. 2,500
  • Optional covers

If you are looking for a healthcare policy providing a high sum assured and covers your family members under one cover this is the right policy for you.

Unique Features

  • Cover up to 50 Lakhs
  • 5% No claim discount
  • Critical Illness Benefit

Parivar Mediclaim Plus Policy (Pros)

  • High SI
  • Zone Wise Premiums
  • Multiple Discounts
  • Optional Covers Available
  • OPD Cover

Parivar Mediclaim Plus Policy (Cons)

  • Treatment outside India
  • PED
  • Injury Due To Illegal Activity
  • Injury Due To Hazardous Activities
  • Adventure Sport Injuries

Parivar Mediclaim Plus Policy (Other Benefits)

  • Affordable Premiums
  • Tax Benefit
  • AYUSH Cover
  • Anti Rabies Vaccination
  • Air Ambulance

Parivar Mediclaim Plus Policy (Eligibility Criteria)

  • Entry Age - 3 Months
  • Max Entry Age - 65 Years
  • SI - 6 L to 50 L
  • Waiting Period - 30 Days

A plan designed for individuals between 60-80 years of age and offers 5% discount for single women senior citizen's. Gives sum insured up to 5 Lakhs.

Unique Features

  • Avail discounts
  • Medical check up reimbursement
  • Avail Ambulance charges

A comprehensive policy that is designed to secure the healthcare needs of a family. The plan comes in 4 variants and the SI goes up to 50 lacs.

Unique Features

  • Covers SAARC countries
  • Midterm inclusion allowed
  • Assisted Reproduction Treatment

Happy Family Floater Policy (Pros)

  • New Born Baby Cover
  • Maternity Expenses Cover
  • Modern Treatments
  • Plastic Surgery Due To Injury
  • Family Floater Benefits

Happy Family Floater Policy (Cons)

  • No Gender Treatments
  • No Global Coverage
  • No Alcoholism Cover
  • No War Injury Cover
  • No Obesity/Weight Cover

Happy Family Floater Policy (Other Benefits)

  • Zone Wise Rates
  • Non-TPA Discount 5.5%
  • 10% Discount on Online Renewal
  • Waiver of Proportionate deduction
  • Dental Treatment Covered

Happy Family Floater Policy (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 1 L to 50 L
  • Waiting Period - 30 Days

A family floater health insurance plan that offers up to 25 Lacs coverage to you, your spouse and 2 dependent children on the Sum Insured.

Unique Features

  • Midterm Inclusion available
  • Modern Treatment Methods
  • Maternity & New Born Baby cover

Family Medicare Policy(Pros)

  • AYUSH Treatment Cover
  • Daycare Treatment Cover
  • Room Rent Cover
  • Ambulance Cover
  • Organ Donor Benefit

Family Medicare Policy(Cons)

  • 2 Years WP for Cataract
  • Obesity Treatment Unavailable
  • Unproven Treatments Not Covered
  • 2 Years WP for Hernia
  • 4 Years WP for Joint Replacement

Family Medicare Policy(Other Benefits)

  • Restoration Of SI
  • Health Checkup
  • Affordable Premium
  • Tax Benefit
  • Dependent Child Cover

Family Medicare Policy(Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age -65 Years
  • SI - 3 L to 25 L
  • Waiting Period - 30 Days

Types Of Health Insurance Plans for Parents

Mentioned below are the various types of health insurance plans for parents that are available in India which will provide adequate coverage to your parents.

  • Senior Citizen Health Insurance Plans

    If you have a senior citizen parent it is best to purchase a health plan based on their needs. Senior citizen health insurance plans are an ideal choice for those who are over 60 years of age and want to invest in a health plan offering medical coverage for age-related ailments and health check-ups.
  • Individual Health Plans

    Individual health insurance plans make a great choice for health insurance plans for parents as they can be purchased individually for both parents if the needs and requirements are different for both. A separate health insurance plan for both parents results in an adequate sum insured for each parent during the time of hospitalization.
  • Top-up Health Insurance Plans

    Top-up health insurance plans are effective health plans for parents if they have a base health insurance policy. Top-up health plans are an ideal choice for those who are looking for an adequate health insurance sum insured amount especially when their base sum insured is insufficient.
  • Critical Illness-Specific Health Plans

    If your parents have a family history of critical illnesses like cancer, strokes, heart ailments, or any such illnesses it is best to invest in a critical illness plan for your parents as it will not only offer you a high sum insured value but also offer you with multiple features and benefits specific to your critical illness needs.
  • Family Floater Health Plans

    If you want to provide health insurance coverage to your parents, nothing is better than including them in a family floater health plan that offers adequate sum insured coverage as well as features and benefits customized as per your family needs.

Features of Health Insurance for Parents

When purchasing the best health insurance for parents make sure you look out for the features mentioned below

Features Why Does It Matter?
Waiting Period Waiting periods vary from insurer to insurer and must be understood before buying a health insurance plan for parents. Some health insurance plans for parents cover pre-existing diseases after a fixed number of days.
Pre-Defined Sub-limits When purchasing the best health insurance for parents it is important to familiarize yourself with the sub-limits set by insurers for benefits like ICU, room rent, hospital cash, ambulance, and more.
Co-Payment Multiple health insurance plans for parents have a co-payment clause, which means that you will have to pay a certain amount out of pocket before the insurer covers your hospitalization. It is best to understand the co-payment clause if any under your health plans.
Network Hospitals To avail the best cashless treatments for your parents it is advised to look at the list of the network hospitals associated with your choice of insurer.
Premiums Affordable premiums are one of the most important features of the best health insurance for parents. Paying regular premiums is necessary to enjoy the healthcare benefits and it is affected by factors like age, income, health status, and more.
Renewability Health insurance plans for parents offer lifetime renewability, an important aspect essential to offering lifetime health care coverage to your parents, especially during their old age
Rewards and Discounts Best Health Insurance for Parents provides various rewards and discounts such as a no-claim bonus, good health discounts on premiums while purchasing, wellness discounts during renewal, and more.

Benefits of Health Insurance for Parents

The various benefits associated with the best health insurance plans for parents are as follows

  • Peace Of Mind

    We constantly worry about our parents and their overall well-being as they age. Health Insurance for parents is one of the best investment decisions for their health care. Securing your parents under a health insurance plan will offer them a high sum insured and provide them with benefits like annual health check-ups, OPD care, hospitalization cover, AYUSH cover, critical illnesses, and more.
  • Tax Benefits

    Policyholders are eligible for tax benefits under section 80D wherein they can save up to INR 50,000 if the policyholder is below the age of 60 years. However, if your parents are over the age of 60 years, they are eligible for tax savings of up to INR 75,000. The tax benefit values will vary as per the tax laws.
  • Critical Illness Cover

    With growing age, the chances of being diagnosed with critical illnesses also increase. Hence, it is an ideal choice to invest in health insurance plans for parents that offer not only basic coverage but also protect your parents from critical illnesses like heart attacks, strokes, cancer of all stages, and more.
  • Avail Cashless Treatments

    In case of any medical emergency or planned hospitalization, cashless hospitalization in a network hospital is of prime importance. Investing in the best health insurance plans for parents provides a hassle-free experience regarding cashless treatments for all planned and emergency incidents.
  • Riders/Add-on Covers

    Health insurance plans for parents offer not only base coverage but also multiple add-ons and rider options to choose from which can be useful as per your needs and requirements. Riders like personal accident, hospital cash allowance, global cover, and more are available with these health plans.

Why You Must Invest In Health Insurance Plans For Parents?

Investing in the best medical insurance for parents is a necessity for the following reasons

  • Adequate Health Cover

    Your parents are not getting younger and will face age-related ailments as they grow old. You need to invest in the best health insurance for parents as it offers adequate health coverage for your parents with features like hospitalization coverage, OPD care, and domiciliary care, along with additional riders. Opt for an adequate sum insured as per their needs and requirements.
  • Pre-Existing Conditions

    If you have a parent with pre-existing conditions like diabetes, high blood pressure, or other such ailments you must invest in the best health insurance plans for parents providing them with the necessary medical care required. However, it is essential to cross-check the waiting period to be served before you purchase a health plan as it varies from insurer to insurer.
  • Wellness Features

    Purchasing the best health insurance plan for parents will not only provide your parents with an adequate sum insured amount but also encourage them to maintain a healthy lifestyle as many health insurance plans provide features like tele consultations, webinars, reward points for activities like achieving daily step count, regular checkups, and more. These reward points in turn will help reduce renewal premiums.

5 Factors To Keep In Mind When Buying Health Insurance For Parents

Keep in mind these 5 factors when purchasing the best medical insurance plans for parents to utilize the best health care for their family

  1. Claim Settlement Ratio

    The claim settlement ratio is an essential deciding factor before selecting your health insurance provider as it is a direct factor showcasing the reliability and trust of the company. The claim settlement ratio indicates the number of claims settled by the insurer compared to the number of claims received by the insurer in a financial year. A high CSR percentage is an indicator of efficient claim settlement by the insurer.

  2. Network Hospitals

    Investing in the best health plan for parents ensures access to the best network hospitals for cashless treatments. It is an essential factor to consider when purchasing health insurance for parents to ensure swift medical attention is available for your parents when it is needed the most.

  3. Customer Support

    Health insurance for parents is an important investment and there are several plans available in the market. It is important to select a health insurance provider that offers prompt customer support to policyholders for not only resolving queries but also during emergencies.

  4. Co-Payment and Deductibles

    Look for deductibles or co-pay clauses when purchasing the best health insurance plans for parents as many people tend to ignore the same. Filing a claim can be a shocker when copay clauses are missed out at the time of purchase as this amount is supposed to be paid by the policyholder at the time of claim causing distress to the patient and family members.

  5. Affordable Premiums

    Premium charges are the most important factor before purchasing any health insurance plan. Before investing in the best health insurance plan for parents you must ensure that the sum insured amount chosen is adequate and the premiums calculated for the same are not out of your budget as higher premiums lead to cancellations of policy.

Health Insurance Plans For Parents Eligibility

The eligibility criteria for the best health plans for parents are mentioned below

Entry Age Minimum: 18/65 years
Maximum: 65/80 years
Sum Insured 1 L to 3 Crores
Policy Tenure 1/2/3 years
Initial Waiting Period 30 Days
Riders Critical Illness, Personal Accident, Daily Hospital Cash, Co-pay waiver, and more
Tax Benefits Applicable, under section 80D of the Income Tax Act, 1961.
PED Waiting Period 2 to 4 years as per health insurance plan chosen

What Is Covered Under Health Insurance For Parents?

The following inclusions are available with the best health insurance plans for parents

Health Insurance Plan for Parents Inclusions What Does It Do?
In-patient hospitalization All medical expenses accumulated at the time of hospitalization like room rent, doctor's fee, OPD, Pharmacy, surgery costs, etc. are covered under health insurance plans for parents
Daycare Procedures The policyholder is covered for all daycare procedures that require less than 24 hours of hospitalization as per the list of daycare procedures provided by the health insurance plans for parents
Organ Donor Cover Your parents are covered for expenses related to the surgery, or acquiring an organ donor.
Ambulance Cover Emergency road ambulance cover is available for policyholders as per the sub-limit defined in the policy.
AYUSH Cover Also known as alternative treatments in the fields of Ayurveda, Unani, Siddha, and Homeopathy are covered by health insurance plans for parents
Annual Health Check-Ups The facility of annual health check-ups and expenses related to the same are covered by the best health insurance plans for parents
Pre and Post Hospitalization Expenses incurred before and after the hospitalization tenure are covered under the health insurance plans for Parents
Domiciliary Hospitalization On the recommendation of a doctor, if the insured requires medical attention at their own home it will be covered by the health plans

Health Insurer Network Hospitals

Health Insurance For Parents Exclusions

When purchasing the best health plans for parents you will not be covered

Injury or hospitalization due to involvement in any terrorist activities, act of war, civil war, or any criminal activity

Hospitalization and injuries caused due to intoxication or overdose of drugs or alcohol will not be covered

Injury caused due to adventure sports

Infertility treatments are not covered

Obesity and cosmetic procedures are not covered

Treatment of HIV/AIDS is not covered under most Parents health plans

Congenital ailments are not covered

How To Purchase Health Insurance for Parents on PolicyX?

Follow these simple steps to purchase the best health insurance plans for parents in India

  • Step-1

    Visit the official website of PolicyX.com

  • Step-2

    Click on the 'Health Insurance' tab which will open up a digital form for you to fill out.

  • Step-3

    Fill in all the necessary details such as your age, the sum insured required, you want and click on 'View Plans'.

  • Step-4

    Select your city and click on 'Proceed'.

  • Step-5

    Further, fill in your name and mobile number and click on 'Get Free Quotes'.

  • Step-6

    You will be directed toward a list of health insurance plans wherein you can compare the plans of your choice and pay for the one you want as per your needs and requirements.

Wrapping It Up

With a consistent rise in medical inflation across the globe, it is imperative to secure your parents under the best health plans available in the market. However, before investing consider all factors like the age of your parents, pre-existing conditions, current health status, rider or additional coverage required, and more. The best health insurance plans for parents offer not only a high range of sum insured but are ones that are customizable and flexible as per your needs and requirements. Conducting a thorough R&D is essential before paying premiums to an insurance provider. We at PolicyX are with you every step of the way to help you make the right purchase decision.

Health Cover For Parents: FAQs

1. Top 5 health insurance plans for parents in India based on claim settlement ratio.

The following are the top 5 insurance plans for parents in India based on the latest claim settlement ratio (CSR) for the year 2021–22:

  1. Care Senior
  2. Niva Bupa Health Premia
  3. Star Premier Health Insurance Policy
  4. Aditya Birla Activ Health Platinum Enhance
  5. ManipalCigna Lifetime Health

2. Are there any tax benefits in health insurance plans for parents?

Yes, the premium paid towards a health insurance plan for parents qualifies for deduction under Section 80D of the Income Tax Act.

3. Can I increase the coverage amount in my existing insurance plan for parents?

Yes, that can be done. At the time of renewal, you can choose to increase the sum insured amount for better coverage.

4. Why do I need to get mediclaim policy for parents?

It is our responsibility to take care of our parents in their autumn years. With rising medical costs and inflation, you must purchase health insurance for your parents.

5. How much health insurance coverage do I need for parents in India?

On average, Rs 10 lakh individual plan separately for each parent can take care of maximum expenses owing to critical diseases as well as pre-owned diseases. Do add a critical illness cover early in life and opt for a disease-specific top-up as per the requirement in the latter days.

6. Are pre-existing conditions covered under medical insurance for parents?

Pre-existing conditions are generally covered under medical insurance for parents, subject to certain terms and conditions. Most health insurance plans have a waiting period for pre-existing conditions, which means coverage for these conditions may be available after a specific duration.

7. Are alternative treatments, such as Ayurveda or Homeopathy, covered under medical insurance for parents?

Yes, Ayush Treatments are generally covered under health insurance for parents. Some policies may offer coverage for alternative treatments, either as an in-built benefit or as an add-on rider.

8. Do health insurance plans for parents cover critical illnesses?

Yes, generally health insurance for parents covers critical illnesses, it totally depends upon the insurer and the plan you are buying.

9. Can I choose the hospital or healthcare provider of my preference with medical insurance for my parents?

Many health insurance plans offer a network of hospitals or healthcare providers where cashless treatment facilities are available. Policyholders can receive treatment at these network hospitals without making upfront payments. However, the choice of hospital or healthcare provider may be limited to the network provided by the insurance company. It is advisable to check the list of network hospitals associated with the insurance plan to ensure coverage at your preferred healthcare facility.

10. What is health insurance for parents?

Health insurance for parents refers to the health plans offering medical care coverage features to your parents like hospitalization expenses, pre and post-hospitalization expenses, AYUSH care, daycare coverage, and more.

11. Why should you buy health insurance plans for your parents?

Health insurance plans for your parents are an essential investment as with growing age medical ailments tend to increase. Health insurance plans for parents will cover your parents for any unforeseen medical conditions.

12. What are the different types of health insurance plans for parents?

The various health insurance plans for parents that you can invest in are

  • Individual health plans
  • Family floater health plans
  • Super top-up and top-up health plans
  • Critical Illness health plans
  • Senior Citizen health plans

13. What is the minimum entry age for health insurance plans for parents?

Depending on the kind of health insurance plan you opt for your parents' entry age will vary. A senior citizen's health plan entry age will vary as compared to an individual health insurance plan.

14. What are the sum insured options available under the best health insurance plans for parents in India?

The sum insured options vary from insurer to insurer. Policyholders can avail sum insured starting from 1 L to 3 Crores or more as per their needs and requirements. However, it is advisable to opt for at least 10 L sum insured.

Health Insurance Companies

Find Out What The Customers Are Saying

Customer Review Image

Nihal

Vadodara

1 days ago

I was looking for a plan that supports me in case of international travels, this is when PolicyX insurance experts suggested me ManipalCigna Pro Health and I am satisfied

Customer Review Image

Ashish

Vishakapatnam

1 days ago

I have been a policyholder of the ManipalCigna Pro Health for years now, I am glad PolicyX helped me in finding the health plan

Customer Review Image

Rehaan Khan

Ranchi

1 days ago

PolicyX saved me hours of research and provided valuable information about coverage options and claim settlement ratios. Highly recommend this platform to anyone looking for a hassle-free way t...

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Jainab Aslam

Vijayawada

1 days ago

PolicyX impressed me with its ability to suggest plans that fit my specific needs and budget. After answering a few questions, I received a personalized list of relevant insurance options. I ch...

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Ankur Nigam

Cuttack

1 days ago

I appreciated PolicyX& 039;s clear presentation of premium costs. They displayed the breakdown of charges, including any applicable taxes or additional fees, upfront. I had a lot of questions r...

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Shrishti Srivastava

Dehradun

1 days ago

PolicyX made the application process for my Care health insurance plan surprisingly smooth. I could easily initiate the application directly through their platform and track the progress conven...

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Dil Walia

Kolkata

1 days ago

I started looking for a health insurance policy when I turned 18 years old. Then I got to know about PolicyX.com. They helped me choose the right policy as an individual. They suggested me with...

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Akshay

Mysore

1 days ago

PolicyX introduced me to ManipalCigna Pro Health which suits my travel needs. Their Switch off benefit in the plan allows me to pause my coverage for 30 days. Thank you PolicyX

Simran Kaur Vij

Written By: Simran Kaur Vij

Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.