As our parents grow older, they require constant financial coverage to fight illnesses. Therefore, it's smart to insure your parents under health insurance. Buying a health cover for your parents not only reduces the burden on the family's breadwinner but also ensures that your parents' health care expenses are well taken care of.
Below are the few advantages that your parents will receive under a health insurance plan:
61 years to no limit
Rs.3 Lakhs-10 Lakhs
Star Health Insurance Company
60 years-75 years
Rs.1 lakh -25 Lakhs
Silver Health Plan
46 years-70 years
HDFC ERGO General Insurance
61 years to no limit
Rs.2 Lakhs, Rs.3 Lakhs or Rs. 5 Lakhs
60 years-80 years
Rs. 1 Lakh- 2 Lakhs
**Last Updated on 02-12-2020
Buying health insurance for your parents is indeed a crucial task. It's best to avoid any mistakes for a fruitful outcome. Below are a few important factors to consider while going for a health plan for your parents. Let's take a look at it.
Effective health insurance for parents covers the following-
Medical insurance for parents comes with one disadvantage- exclusions. Some of the significant ones are listed below-
If you are looking for a health insurance plan for your parents, then there are a few documents that you need to provide. Let's check them out-
Yes, you can only if your plan allows you to.
Yes, you can. Just make sure that the chosen plan covers such pre-existing illnesses. Also, there are many disease-specific plans available in the market. You can consider them as well.
Yes. Health insurance for parents is costlier than general health insurance plans as your parents are more vulnerable to health risks, which may lead to other medical complications.
Yes, that can be done. At the time of renewal, you can choose to increase the sum insured amount for better coverage. Also, you can avail of a critical illness rider (if available) to boost the plan coverage.
With rising medical expenses, one policy and one sum insured may not be enough to cover both your parents. So, the most efficient thing to do here is to cover both your parents under separate policies.
Generally, the maximum age limit of health insurance plans for parents is 80 years.
Last updated on 02-12-2020