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What is the usual cost of health insurance policy for parents. My parents are 60 and 58 years old.

Asked by Naval Goel on 14 Nov, 2018 in Health Insurance
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Having parents is not less than having a blessing. You always have the required support whenever you need them. But slowly, your parents move to a different stage and that is the olde age. And during this age the chances of getting ill and diagnosed are high and this growing inflation rate, the cost of treatment might create a hole in your pocket. So for the love of your parents and to stay prepared to fight against unwanted medical emergencies, you must invest in a health insurance policy.

Well, the good thing is that there are many insurance plans which are specially designed to offer the needful health cover to your parents to beat unwanted medical emergencies.

In this old age as well, they can avail the benefit of wider health insurance with several additional benefits. Such plans are offering a wide cover at an affordable cost. A few of plans that you can think of for your parents are

Company

Plan

Benefits

Premium

HDFC ERGO

Health Suraksha

  • Co-Pay - You pay 0% of the claim

  • Maternity - Not Covered

  • Hospital Room - All categories

  • No Claim Bonus - Rs 0.25L Per Year Up to 2.5L

  • Restoration - NA

 

Rs. 23621/Year

Religare

Care with Smart Select

  • Co-Pay - You pay 0% of the claim

  • Maternity - Not Covered

  • Hospital Room - Single Private Room

  • No Claim Bonus - Rs 0.5L per year upto Rs 2.5L

  • Restoration - Up to Rs 5L

Rs. 25282/Year

Aditya Birla

Diamond

  • Co-Pay - You pay 0% of the claim

  • Maternity - Not Covered

  • Hospital Room - Single Private Room

  • No Claim Bonus - Rs 0.5L per year up to Rs 2.5L

  • Restoration - Up to Rs 7.5L

 

Rs. 29968/Year

Star Health

Family Health Optima

Co-Pay - You pay 0% of the claim

  • Maternity - Not Covered

  • Hospital Room - Single Standard AC Room, Actual

  • No Claim Bonus - Up to Rs 5L

  • Restoration - Up to Rs 15L

Rs. 30757/Year

CignaTTK

CignaTTK ProHealth Protect Policy

Co-Pay - You pay 0% of the claim

  • Maternity - Not Covered

  • Hospital Room - Single private room

  • No Claim Bonus - Rs 0.275L per year up to Rs 11L

  • Restoration - Unlimited

Rs. 31853/Year

 

(The above premium chart is for a couple of 58 to 50 years with the sum assured of Lacs)

 

These companies also carry a good claim settlement ratio that will help a lot at the time of filing claim. When you buy an effective health insurance plans font forget to look at the cover, additional benefits, add-on covers, and most importantly the claim settlement ration. In case of need, you can go for cashless benefit as it will help you to be free of all worries related to the treatment of the plan and van either choose the reimbursement option that will pay you later for all the charges that you paid at the hospital to avail treatment for your parents.

Company

Claim Settlement Ratio

Religare

87%

Star Health

79%

Max Bupa

86%

Cigna TTK

94%

HDFC Ergo

77%

 

31 Oct, 2018
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