Medical costs are increasing day by day, even a small treatment or surgery makes you to pay thousands of rupees. In short, we can consider this is the financial burden actually. For older people the case goes different, you need to pay more attention here. Basically, the people above the age of 60 years probably get sick often or caught by major illness. Without medical cover, it might goes up to wrong situation.
This is the reason every one wants to provide their parents best health care services to avoid such a financial burden. So how to choose the best medical insurance for your parents?
Purchasing medical insurance policy for your old parents is a tricky affair in India. The availability of insurance coverage is very limited for older people. Some of companies offers coverage for such a people, but there is some restrictions regarding pre-medical check-ups. A very few provides coverage with no pre medical check-ups, but the benefits can be shrinked.
Firstly, you need to find out what options are available in the market and shortlist which policy suits to your needs and budget.
Here are some of best medical insurance policies suggested. They are Bajaj Allianz Silver Health, National Varishta Bima Yojana, Star Red Carpet, Star Medi Classic, etc. These policies provides cover beyond the age of 75 years and also some of comes with lifelong renewal.
These policies comes with cashless hospitalization service with various benefits. If you are looking for affordable cover, Star Medi Classic is the best option available for you.
There is also option to cover your parents under family mediclaim policies, but the cover is available till the age of 60 years only. If your parents are above the age of 60 years, then you need to purchase individual cover for your parents.
About the Author:
Habibulla Antule is a financial advisor and consultant and have provided his expertise to many financial institutions for loans and insurance