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Older parents have specialised health insurance needs. Since they might have prevailing ailments, they require a health plan which covers their illnesses after a short waiting period, allows good coverage features and charges a low premium rate too. Bearing these health insurance needs of parents, insurers have designed specialised parents health insurance plans. These plans are also called senior citizen health plans.
|Plan name||Allowed sum insured limit||Pre-existing waiting period||Salient coverage benefits|
|United India Senior Citizen Health Plan||Rs.1 lakh to Rs.3 lakhs||4 years||Cashless treatments at more than 7000 hospitals across India
Day care and AYUSH treatments are covered
Free medical check-ups after three claim-free years
|Star Senior Citizens Red Carpet Health Plan||Rs.1 lakh to Rs.10 lakhs||1 year||The policy is issued without any medical check-ups
Lifetime renewal facility is available under the plan
High sum insured limits of up to Rs.10 lakhs
Medical consultations taken on an outpatient basis are covered
Cashless hospitalisation facility across more than 8400 hospitals in India
|Religare Care Freedom||Rs.3 lakhs to Rs.10 lakhs||2 years||100% sum insured restoration
Free annual health check-ups
Allowance for consumables
Coverage for dialysis
A lump sum companion benefit for a hospital stay of more than 10 days
|Oriental Insurance HOPE (Health of Privileged Elder)||Rs.1 lakh to Rs.5 lakhs||2 years||Premium discount if voluntary co-payment is chosen
No claim discount in renewal premium if no claim is made during the policy year
Accidental injuries and other specified ailments are covered
|New India Assurance Senior Citizen Mediclaim Policy||Rs.1 lakh and Rs.1.5 lakhs||1.5 years||AYUSH treatments are covered
Premiums staring at Rs.3850
10% discount each for choosing voluntary deductible and for covering spouse
Free health check-ups once every 4 policy years
|Bajaj Allianz Silver Health Plan||Rs.50,000 to Rs.5 lakhs||1 year||10%b cumulative increase in sum insured for each successive claim-free year up to a maximum of 50%
Free health check-ups after 4 continuous policy years
Easy claim settlement through a dedicated app
5% premium discount for covering spouse too
Coverage for 130 day care treatments
You can choose any plan for covering your parents. All the above-mentioned plans are some of the best health insurance plans for parents. They not only give good coverage benefits, the premiums are also affordable. Moreover, each insurance company has a wide network of preferred hospitals for cashless settlement of claims. These health insurance plans also allow tax deduction under Section 80D for up to Rs.50, 000 since parents are senior citizens. So, choose a desired plan and get your parents comprehensive health insurance coverage.
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