Which is the Best Health Insurance Plan for Parents in India?

Most Indian parents put aside a lot of their aspirations and plans till their retirement. All in pursuit of a better future for their children. As a responsible adult, it is only natural for you to wait for their retirement, so that they can take a break and do things that they really wanted to.

However, retirement also means that they are getting a bit older. And with age comes the risk of health-related risks. A simple yet effective way by which you can let your parents relax and enjoy their retirement is by opting for medical insurance for parents. With several vendors and plans out there, it will not be a difficult task to zero down on the best health insurance for parents.

Health Insurance for Parents

For those who are wondering how to choose health insurance for parents, we have listed some of the factors that will help you get the best health insurance for parents in India.

1. Pre-existing conditions

Health insurance plans for parents might not cover everything from the onset. Some of the most common pre-existing conditions have a waiting period, post which the plan covers them. If your parents have any such pre-existing conditions, you should verify with your insurer before buying the policy.

2. Age Limit

As you are buying the policy for your parents, look for policies that offer the plan for people between 60 and 80 years. Also, keep an eye on the maximum age till which you can renew the policy. A policy that goes for a longer duration is advisable.

3. Cover for Critical Illness

Critical illnesses are known to impact families both financially and emotionally. If you are planning to buy health insurance for parents above 50, opt for a critical illness add-on. By paying a small premium, you can ensure there are no financial catastrophes due to critical illnesses.

4. Exclusions

Your search for the best health insurance plan for parents in India should lead you to a policy that has minimal exclusions. Exclusions are scenarios where your health insurance plan does not work in your favor. Thus, a smaller list is desirable.

Over to You

Care Health Supreme and HDFC ERGO Optima Restore are among the best health insurance policies in India today. It is a matter of your priority, coverage depth over cost effectiveness. Here’s a quick recap for you to make an informed decision.

Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.

Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.

Speak to an Advisor

Author Bio

Paybima Team

Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

Choose from India’s top insurers

Other Health Insurance Products

Health Insurance Claims

COVID-19

Latest Post

Buying Health Insurance After 60? Here is What You Need to Know

So, you’ve crossed the fabulous 60 mark. Retirement may be on the cards, your kids might be off doing their own thing, and suddenly your knees are making more noise than your WhatsApp notifications. Welcome to the senior citizen club.
Now let’s talk about something most of us tend to postpone until a doctor gives us a reality check: health insurance. If you are wondering whether buying health insurance after 60 makes sense, the answer is a loud and clear yes. This article will cover everything you need to know about it, how it makes sense, how it differs from health insurance for young adults, and what you need to look out for when checking for medical insurance above the age of 60.

See now

World Autism Awareness Day April 2, 2025 History, Theme and Significance

April 2 is observed as World Autism Awareness Day and there is no better way to observe the day than to raise awareness of this condition and to promote kindness towards autistic people. Read on to know more.

See now

How depreciation is calculated for the purpose of claims

Car depreciation implies the difference between the cost of a car at the time of buying the car and when you sell it. A car insurance claim amount is determined by the car depreciation rate. The car depreciation rate is the reduction in the value of your car over its lifespan caused by wear and tear.

See now

HDFC Bank FD Calculator Check FD Interest Rate 2025, Eligibility & Fixed Deposit Returns

Fixed Deposits (FDs) are one of the safest ways to grow your savings. HDFC Bank offers attractive FD interest rates, allowing you to earn guaranteed returns on your investment. But before you invest, it's important to know how much interest you will earn and what your final maturity amount will be.

See now

Life Insurance Options for Senior Citizens Above 65 Years

If you think of life insurance, chances are you are picturing something people buy in their 30s or 40s. But what if you are 65 or older and just getting started? The good news is that you are never too late. Whether you are thinking of easing the financial burden on your family, covering final expenses, or simply leaving behind a legacy, there are life insurance options tailored just for you.
This article will be a guide to life insurance for senior citizens above 65 years, explaining why it is important, the type of insurance options, and how to get the right policy for you.

See now