NEED ADVISE ON PARENT INSURANCE (OP)

Seeking Advice on Health Insurance for My Mom (India)

Hello everyone! I’m reaching out for some guidance on health insurance for my mother, who is 83 years old. Until now, her insurance has been managed through my brother’s group policy at work, but since he has been unemployed for the last six months, I need to find a new medical insurance plan for her.

Has anyone gone through this process for their parents? I’d really appreciate any insights on the following:

Which insurance companies would you recommend?
What are the best plans available for seniors?
What should I expect in terms of premiums and coverage?

For context, I also have my own insurance policy with Oriental Insurance that covers myself, my wife, and my daughter. Does anyone have experience adding parents to an existing policy with them?

Your advice 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 given her age and the current situation. Here are some pointers that can help you in your search for a suitable health insurance plan:

1. Choose a Suitable Insurance Company:

Some well-known insurers in India that offer senior citizen health insurance include Star Health, HDFC ERGO, ICICI Lombard, Tata AIG, and Max Bupa. These companies usually have good reviews for their customer service and claim settlement ratios.

2. Best Plans for Senior Citizens:

Star Health Senior Citizens Red Carpet Plan: This is designed specifically for senior citizens and covers pre-existing conditions after a waiting period.
HDFC ERGO Health Suraksha: This plan covers hospitalization expenses, daycare procedures, and offers a wide network of hospitals.
Religare Care Plan: It offers comprehensive coverage including daycare procedures and pre-existing diseases after a specified waiting period.
Tata AIG MediCare: Caters to elderly individuals and includes coverage for pre-existing conditions after a certain waiting period.

3. Premium Costs:

Premiums generally vary based on factors such as the age of the insured, the sum insured, and the insurer’s policies. For an 83-year-old, you can expect higher premiums, possibly ranging from ₹20,000 to ₹50,000 annually, depending on coverage and additional benefits.

4. Pre-existing Conditions:

Ensure that the policy you choose covers pre-existing conditions, as your mom might have some at her age. Look for plans that have a shorter waiting period for these conditions.

5. Inclusion in Existing Policy:

Regarding adding your mom to your current policy with Oriental Insurance, you would need to check directly with the insurer. Some health plans allow for family floater policies, which can include parents. Contact your insurance advisor or the company’s customer service for specific details.

6. Consult with an Insurance Broker:

If you’re feeling overwhelmed, it might be beneficial to consult with a health insurance broker who can provide personalized recommendations based on your mom’s health needs and your budget.

7. Online Research and Comparisons:

Utilize online comparison websites like Policybazaar or Coverfox to compare various plans and their premiums. This can help you make an informed decision quickly.

8. Reading Reviews and Testimonials:

Before making a decision, read customer reviews and check claim settlement ratios for the insurance companies you are considering.

Conclusion:

Getting health insurance for your mom is a crucial step in ensuring her well-being. Take your time to research and compare the options available. If possible, discuss with your brother as well, since his experience with group insurance could provide valuable insights. Good luck!

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