NEED ADVISE ON PARENT INSURANCE (OP)

SEEKING ADVICE ON HEALTH INSURANCE FOR MY MOM (OP)
Location: India

Hello everyone, I’m reaching out for some guidance regarding health insurance for my mother. She’s 83 years old, and until now, my brother has been managing her coverage through his organization’s group insurance. Since I haven’t had to consider a separate policy before, I’m now in need of some help.

Unfortunately, my brother, despite being an exceptionally skilled software engineer, has been unemployed for the last six months. This makes it crucial for me to secure medical insurance for my mom.

Have any of you gone through a similar process for your parents? I’d appreciate your recommendations on the following:

Which insurance companies are best to consider?
What are some of the most comprehensive plans available?
What sort of premiums should I expect?

Additionally, I currently hold a separate insurance policy with Oriental Insurance for myself, my wife, and my daughter. Has anyone included their parents in an existing plan with Oriental Insurance?

Any advice or insights would be greatly appreciated! Thank you.

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

It’s great that you’re looking into health insurance for your mom, especially considering her age. Here are some suggestions and insights that might help you navigate this process in India:

Insurance Companies and Plans

Senior Citizen Plans: Look for insurance companies that specialize in senior citizen health plans. Some popular options include:
Star Health & Allied Insurance: Senior Citizens Red Carpet plan
Max Bupa: Health Companion plan (with specific senior citizen options)
HDFC ERGO: Health Suraksha for senior citizens
Religare Health Insurance (now Care Health Insurance): Care for Seniors
Comprehensive Coverage: Seek plans that cover pre-existing diseases after a waiting period, inpatient hospitalization, daycare procedures, domiciliary treatment, and ambulance charges.
Cashless Network: Ensure the insurance company has a robust cashless hospitalization network of hospitals.

Premium and Coverage

Premium Costs: The premium will vary based on factors like the sum insured, specific policy terms, and the insurer. For an 83-year-old, the premium could be higher due to age. It’s advisable to get quotes from multiple insurers for a more accurate comparison.
Sum Insured: A sum insured of around ₹5-10 lakhs is typically recommended for senior citizens considering they may require advanced medical treatments.

Addition to Existing Policy

Oriental Insurance: Check with Oriental Insurance directly about adding your mom to your existing family floater policy. Some insurers may allow this, but there might be age restrictions or additional considerations for existing health conditions.

Steps to Get Started

Research and Compare: Use online aggregators like Policybazaar or BankBazaar to compare policies and premiums quickly.
Seek Expert Advice: Consider contacting an insurance advisor who specializes in senior health plans to help you make an informed decision.
Read the Fine Print: Ensure you understand exclusions and waiting periods carefully while selecting a policy.

Personal Experiences

If you can, reach out to friends or family who have experience with similar situations for their recommendations or pitfalls to avoid.
Online forums and reviews can also provide insights into the experiences of others who have insured senior citizens.

Taking the time to thoroughly research and find the right health insurance will provide peace of mind for both you and your mom. Best of luck with your search!

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