Best Health Care Plan for Your Parents!

As parents grow old, their medical requirements also increase. In this day of advanced medical facilities and improved medical times, it is not difficult to find the best treatment for most of the diseases, but it is extremely difficult to be able to afford it. This is where the health insurance plans for senior citizens comes for rescue to be able to take care of your parents’ medical needs without any financial stress.

Following are the top 3 healthcare plans that you can invest in, to cover your parents’ health insurance:

Bajaj Allianz Silver Health Policy

Some of the best features of this plan are:

  • You can avail of cashless facilities in all the network hospitals.
  • If you continue with the policy claim-free for four years, your parents can avail the facility of a free health check up at any of the Bajaj Diagnostic Centres.
  • Under the health insurance policy, you will get reimbursement of pre-medical test costs. The insured will also be eligible for a cumulative bonus of 10% for every claim free policy year.
  • The insured will also be eligible for a cumulative bonus of 10% for every claim free policy year. There are as many as 130 day-care procedures covered under the plan.
  • There are as many as 130 day-care procedures covered under the plan. The waiting period for the coverage of pre-existing diseases is one year after which the company will pay as much as 50% of the claim amount on such diseases.
  • The waiting period for the coverage of pre-existing diseases is one year after which the company will pay as much as 50% of the claim amount on such diseases. It covers people within the age group of 46-70 years.
  • It covers people within the age group of 46-70 years.

New India Assurance Senior Citizen Mediclaim Policy

This plan will help you provide following benefits:

  • This health insurance policy covers individuals aged between 60-80 years and can go up to 90 years as well provided the insured keeps renewing the policy with the company without any breaks. However the premium will increase by 10% between the age of 81-85 years and further by 20% between the age of 86-90 years.
  • The policy provides a pre-hospitalization coverage of 30 days and 60 days for post-hospitalisation coverage.
  • If the insured successfully crosses four claim-free years, they would be eligible for reimbursement of medical check-up costs.
  • The waiting period to cover pre-existing diseases is 18 months provided the insured are with the company for the entire period uninterrupted. What makes this one of the best health insurance plans is that during hospitalization, all expenses incurred for treatment of the injuries and illness will be taken care of.
  • What makes this one of the best health insurance plans is that during hospitalization, all expenses incurred for treatment of the injuries and illness will be taken care of.

Star Health Red Carpet Plan

The company offers a lot of policies, but here we bring to you the primary features and benefits for this plan:

  • This policy covers individuals aged between 60-75 years and there are no pre-medical test required to buy this plan.
  • A discount of 10% is applicable in case lab tests reports are submitted while buying the plan.
  • The plan covers all pre-existing diseases except those diagnosed and for which treatment started within 12 months from the date of the commencement of the policy.
  • The insured can avail of a 5% discount if buying the policy online.
  • Both pre and post hospitalization expenses are covered including the ambulance charges as per the pre-defined criteria.At the time of renewal, the insured will have the option of enhancing the sum assured.
  • At the time of renewal, the insured will have the option of enhancing the sum assured.

Taking care of parents is one of the priorities for everyone. Getting them covered under individual health insurance plans is beneficial rather than clubbing them under a family floater plan owing to costs and maximum age of coverage.

Take time out to study these plans in detail and compare them online when it comes to detailed terms and conditions along with the premium amount. Your parents do deserve the best health insurance that money can buy.

Harjot Singh Narula

Harjot Narula is founder and CEO of ComparePolicy.com, an IRDAI approved insurance web aggregator focussed on selling online insurance for companies. Harjot has more than a decade of experience in software development and has also spent 5 years in US working for the mortgage and risk management industry.

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