Sep 6,, 2022
Consider medical inflation – 15-20 lakhs cover should be good.
Buy maximum protection you can afford
Don’t compromise on the coverage
This way you can avoid the stressful payment & refund process
Providing accurate & honest information about medical health.
Give clear & detailed answers to all the questions the insurer has.
Provide the insurer with a summary of the health assessment you carried out.
You need to accept the fact that these plans would have coverage restrictions. Check pre-existing illnesses & waiting period.
Your corporate health policy cover parents, without waiting period. Factor you cannot control · Yearly renewal · Modification · Termination
If you leave the company, you will lose the coverage. No guarantee that your next employer will provide health insurance.
Always better to take a health insurance cover for your parents, separately
Ensure you invest in healthcare savings fund
Senior citizen plans have various kinds of restrictions, like copays, room-rent, etc.
Separately save in a healthcare fund your parents
Senior Citizen Health insurance makes sure old-age doesn’t come with huge medical expenses.
Carefully check al all your options and choose the one that fits your parents the best