Health Plans For Parents
- Best Health Plans for Parents
- Explore Features and Benefit
- Inclusions and Exclusions
5 Best Health Insurance for Parents in India
Health insurance plans for parents are customized health insurance plans offering health care coverage to your parents for age-related ailments, medical emergencies, regular health check-ups, and more. With increasing medical care expenses, paying for health care out of pocket can be expensive. Health insurance for parents makes sure that you are covered adequately in case of any serious medical ailments. Health insurance plans for parents come with a high range of sum insured options along with multiple in-built and additional coverage options.
These are our top health plan picks for parents with their unique features and sum insured options available
| Health Plan for Parents | Sum Insured | Entry Age | Unique Feature |
|---|---|---|---|
| Care Senior | 3 to 10 L | 61 years to no maximum entry age | Up to INR 50,000, OPD coverage is available |
| Niva Bupa Health Premia | 5 L to 3 Crore | - | International cover available |
| Star Premier Health Insurance Policy | 10 L to 1 Crore | 61 years to no maximum entry age | Avail rehabilitation and pain management |
| Aditya Birla Activ Health Platinum Enhance | 2 L to 2 Crore | 5 years to no maximum entry age | Mental Illness hospitalization is available |
| ManipalCigna Lifetime Health | 50 L to 3 Crore | 18 to 65 years | 2 variants are available for customers, namely, India and Global |
| Bajaj Allianz Health Guard Plan | 2 L to 1 Crore | 18 to 65 Years | 100% sum insured reinstatement in case of exhaustion |
| Cholamandalam Flexi Supreme | 5 L to 5 Crore | 18 to 75 Years | Unlimited restoration of the sum insured up to 100% |
| Future Generali Health Absolute | 3 L to 1 Crore | 18 years - no maximum entry age | Features such as fitness tracking, mental health coverage, teleconsultation, and more |
| HDFC Ergo Optima Secure | 5 L to 2 Crore | 18 to 65 years | Avail e-opinion for 51 illnesses |
| ICICI Lombard Health AdvantEdge | 5 L to 3 Crores | 18 to 65 Years | Multiple optional benefits like domestic air ambulance, worldwide cover, ambulance assistance, etc. |
| Kotak Health Care | 2 L to 25 L | 5 to 65 Years | Opt from 3 different optional covers under the plan. |
| Liberty Secure Health Connect | 3 to 15 L | 18 to 65 Years | Avail up to 150% of cumulative bonus |
| Magma HDI One Health Plan | 2 L to 1 Crore | 18 years to no maximum age limit | Opt for deductibles as per your choice up to INR 10 L |
| Raheja QuBE Health QBE Plan | 1 to 50 L | 18 to 65 Years | Choose from 4 different plan options along with sub-limit waiver add-on cover |
| Reliance General Health Gain | 3 L to 1 Crore | 18 to 65 Years | Avail of 15% discounts on premiums to be paid for maintaining good health |
| Royal Sundaram Lifeline Health Plan | 2 L to 1.5 Crore | 18 years to no maximum age limit | App-based cabs are available as a part of ambulance cover for customer convenience in times of emergency |
| SBI General Health Edge | 3 to 25 L | 18 to 65 years | Global Treatment available |
| Universal Sompo Senior Citizen Health Plan | 1 to 5 L | 60 to 70 Years | Avail Critical Illness Coverage for your parents |
| National Parivar Mediclaim Plus Plan | 6 to 50 L | 18 to 65 Years | Avail optional covers like critical illness, OPD, and more. |
| The New India Sixty Plus Mediclaim Policy | 2 to 5 L | 60 to 80 Years | Single women senior citizens can avail of 5% discounts on premiums |
| Oriental Happy Family Floater Policy | 1 to 50 L | 18 to 65 Years | Select the best plan variant out of 4 variants available to customers |
| United India Family Medicare Policy | 3 to 25 L | 18 to 65 Years | Avail of optional covers such as maternity cover, newborn baby cover, and more. |
Mentioned below are the various types of health insurance plans for parents that are available in India which will provide adequate coverage to your parents.
When purchasing the best health insurance for parents make sure you look out for the features mentioned below
| Features | Why Does It Matter? |
|---|---|
| Waiting Period | Waiting periods vary from insurer to insurer and must be understood before buying a health insurance plan for parents. Some health insurance plans for parents cover pre-existing diseases after a fixed number of days. |
| Pre-Defined Sub-limits | When purchasing the best health insurance for parents it is important to familiarize yourself with the sub-limits set by insurers for benefits like ICU, room rent, hospital cash, ambulance, and more. |
| Co-Payment | Multiple health insurance plans for parents have a co-payment clause, which means that you will have to pay a certain amount out of pocket before the insurer covers your hospitalization. It is best to understand the co-payment clause if any under your health plans. |
| Network Hospitals | To avail the best cashless treatments for your parents it is advised to look at the list of the network hospitals associated with your choice of insurer. |
| Premiums | Affordable premiums are one of the most important features of the best health insurance for parents. Paying regular premiums is necessary to enjoy the healthcare benefits and it is affected by factors like age, income, health status, and more. |
| Renewability | Health insurance plans for parents offer lifetime renewability, an important aspect essential to offering lifetime health care coverage to your parents, especially during their old age |
| Rewards and Discounts | Best Health Insurance for Parents provides various rewards and discounts such as a no-claim bonus, good health discounts on premiums while purchasing, wellness discounts during renewal, and more. |
The various benefits associated with the best health insurance plans for parents are as follows
Investing in the best medical insurance for parents is a necessity for the following reasons
Keep in mind these 5 factors when purchasing the best medical insurance plans for parents to utilize the best health care for their family
The claim settlement ratio is an essential deciding factor before selecting your health insurance provider as it is a direct factor showcasing the reliability and trust of the company. The claim settlement ratio indicates the number of claims settled by the insurer compared to the number of claims received by the insurer in a financial year. A high CSR percentage is an indicator of efficient claim settlement by the insurer.
Investing in the best health plan for parents ensures access to the best network hospitals for cashless treatments. It is an essential factor to consider when purchasing health insurance for parents to ensure swift medical attention is available for your parents when it is needed the most.
Health insurance for parents is an important investment and there are several plans available in the market. It is important to select a health insurance provider that offers prompt customer support to policyholders for not only resolving queries but also during emergencies.
Look for deductibles or co-pay clauses when purchasing the best health insurance plans for parents as many people tend to ignore the same. Filing a claim can be a shocker when copay clauses are missed out at the time of purchase as this amount is supposed to be paid by the policyholder at the time of claim causing distress to the patient and family members.
Premium charges are the most important factor before purchasing any health insurance plan. Before investing in the best health insurance plan for parents you must ensure that the sum insured amount chosen is adequate and the premiums calculated for the same are not out of your budget as higher premiums lead to cancellations of policy.
The eligibility criteria for the best health plans for parents are mentioned below
| Entry Age | Minimum: 18/65 years Maximum: 65/80 years |
| Sum Insured | 1 L to 3 Crores |
| Policy Tenure | 1/2/3 years |
| Initial Waiting Period | 30 Days |
| Riders | Critical Illness, Personal Accident, Daily Hospital Cash, Co-pay waiver, and more |
| Tax Benefits | Applicable, under section 80D of the Income Tax Act, 1961. |
| PED Waiting Period | 2 to 4 years as per health insurance plan chosen |
The following inclusions are available with the best health insurance plans for parents
| Health Insurance Plan for Parents Inclusions | What Does It Do? |
|---|---|
| In-patient hospitalization | All medical expenses accumulated at the time of hospitalization like room rent, doctor's fee, OPD, Pharmacy, surgery costs, etc. are covered under health insurance plans for parents |
| Daycare Procedures | The policyholder is covered for all daycare procedures that require less than 24 hours of hospitalization as per the list of daycare procedures provided by the health insurance plans for parents |
| Organ Donor Cover | Your parents are covered for expenses related to the surgery, or acquiring an organ donor. |
| Ambulance Cover | Emergency road ambulance cover is available for policyholders as per the sub-limit defined in the policy. |
| AYUSH Cover | Also known as alternative treatments in the fields of Ayurveda, Unani, Siddha, and Homeopathy are covered by health insurance plans for parents |
| Annual Health Check-Ups | The facility of annual health check-ups and expenses related to the same are covered by the best health insurance plans for parents |
| Pre and Post Hospitalization | Expenses incurred before and after the hospitalization tenure are covered under the health insurance plans for Parents |
| Domiciliary Hospitalization | On the recommendation of a doctor, if the insured requires medical attention at their own home it will be covered by the health plans |
When purchasing the best health plans for parents you will not be covered
Injury or hospitalization due to involvement in any terrorist activities, act of war, civil war, or any criminal activity
Hospitalization and injuries caused due to intoxication or overdose of drugs or alcohol will not be covered
Injury caused due to adventure sports
Infertility treatments are not covered
Obesity and cosmetic procedures are not covered
Treatment of HIV/AIDS is not covered under most Parents health plans
Congenital ailments are not covered
Follow these simple steps to purchase the best health insurance plans for parents in India
Visit the official website of PolicyX.com
Click on the 'Health Insurance' tab which will open up a digital form for you to fill out.
Fill in all the necessary details such as your age, the sum insured required, you want and click on 'View Plans'.
Select your city and click on 'Proceed'.
Further, fill in your name and mobile number and click on 'Get Free Quotes'.
You will be directed toward a list of health insurance plans wherein you can compare the plans of your choice and pay for the one you want as per your needs and requirements.
With a consistent rise in medical inflation across the globe, it is imperative to secure your parents under the best health plans available in the market. However, before investing consider all factors like the age of your parents, pre-existing conditions, current health status, rider or additional coverage required, and more. The best health insurance plans for parents offer not only a high range of sum insured but are ones that are customizable and flexible as per your needs and requirements. Conducting a thorough R&D is essential before paying premiums to an insurance provider. We at PolicyX are with you every step of the way to help you make the right purchase decision.
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Simran is an insurance expert with more than 4 years of experience in the industry. An expert with previous experience in BFSI, Ed-tech, and insurance, she proactively helps her readers stay on par with all the latest Insurance industry developments.
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