NEED ADVISE ON PARENT INSURANCE (OP)

NEED ADVICE ON PARENT INSURANCE (OP)
India-Based Inquiry

Hello everyone, I’m seeking your advice regarding health insurance for my mother. She is 83 years old, and until now, her insurance was managed through a group policy provided by my brother’s workplace. However, with my brother’s recent job loss in the software industry for the past six months, it has become crucial for me to secure a medical insurance policy for her.

Has anyone gone through this process for their aging parents? I would appreciate your guidance on the following:

Recommended insurance companies
Best plans available for senior citizens
Estimated premiums I should expect, and any other relevant details

Additionally, I have a separate insurance policy with Oriental Insurance that covers myself, my wife, and my daughter. Has anyone had experience including their parents in an existing Oriental Insurance policy?

Any insights you share would be greatly appreciated! Thank you!

One thought on “NEED ADVISE ON PARENT INSURANCE (OP)”

It’s great that you’re looking to secure health insurance for your mom, especially considering her age. Here are some points to consider while choosing a health insurance policy for her in India:

1. Senior Citizen Policies:

Look for insurance plans specifically designed for senior citizens. These plans typically cater to the health needs of older individuals.

2. Insurance Companies:

Some reputable insurance companies that have good plans for senior citizens include:
– Star Health and Allied Insurance: Their Senior Citizens Red Carpet policy is quite popular.
– Religare Health Insurance: Now known as Care Health Insurance, they offer a senior citizen plan with extensive coverage.
– HDFC ERGO: Their Health Suraksha plan has options tailored for seniors.
– Max Bupa: They have specific plans for elderly coverage.
– Bajaj Allianz: Their health insurance plans often include benefits for senior citizens.

3. Key Features to Look for:

Waiting Period: Check for how long the waiting period is for pre-existing diseases.
No Age Limit for Renewal: Ensure that the policy has no upper age limit for renewal.
Coverage for Pre-existing conditions: See if they provide coverage relatively quickly for pre-existing conditions.
Room Rent Limit: Higher room rent limits can ensure better healthcare in a hospital.
Comprehensive Coverage: Look for policies that cover hospitalization, day-care procedures, and outpatient expenses.

4. Premiums:

Premiums can vary widely based on age, health status, and coverage amount. Expect higher premiums since your mom is 83. It’s best to get quotes from multiple companies to compare.

5. Inclusion in Existing Policy:

While including your mom in your existing Oriental Insurance policy could be convenient, check with Oriental Insurance directly about their policies regarding covering senior citizens. Some companies allow adding family members, but there may be limitations or additional premiums involved for older relatives.

6. Health Check-Ups:

Consider getting a health check-up for your mom before applying for insurance, as it might help you choose the right plan and understand any pre-existing conditions she’ll need to declare.

7. Consult an Insurance Advisor:

Given the complexities involved, consulting an insurance advisor could help you navigate options effectively, especially related to policies that cover senior citizens.

I hope this information helps you find the right health insurance policy for your mom. Make sure to read the policy documents carefully and understand the terms and conditions before making a decision.

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