1 / 2

Indian Money Review of Aspects to Check While Buying a Health Insurance for Parents

There are different details to be checked when selecting a health insurance for your parents. Let us go through details of aspects you must check in this Indian Money review of health insurance plans.

indianmoney
Download Presentation

Indian Money Review of Aspects to Check While Buying a Health Insurance for Parents

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Indian Money Review of Aspects to Check While Buying a Health Insurance for Parents There are different details to be checked when selecting a health insurance for your parents. Let us go through details of aspects you must check in this Indian Money review of health insurance plans. Health Insurance for Parents Age Limit | Pre-existing Illness | Co-payment Factor #1: Age Limit Select a plan where entry is allowed up to 60 years and make sure the plan provides guaranteed and lifetime renewability. This is due to the fact that many insurance companies do not allow renewal of a plan after a specific age limit. Here, it is important to keep note of the fact that as per IRDA guidelines, a senior citizen can take a health insurance up to the age of 65. Factor #2: Pre-existing Illness According to C S Sudheer, Indian Money review Bangalore CEO, you must ensure that the plan you are selecting will be covering critical illnesses and pre-existing disorders. Additionally, you need to choose a health insurance in which waiting period for pre-existing diseases is lowest. Factor #3: Co-payment

  2. Only few companies agree on insuring senior citizens if no one is selected for co-payment. Co-payment refers to mode of payment where it is necessary for insured to pay specific amount out of the claimed amount. Some of the insurers make it compulsory for senior citizens to opt-in for co-payment if the person is above a specific age. You need to keep note of the fact that if a plan is selected with co-payment then the premium stays low. According to Indian Money review of health insurance plans, one thing you should keep note of is that avoid plans where co-payment amount is very high since in such situation you will have to bear a high cost when a claim occurs. Your parents need health insurance and it’s your duty to choose health insurance for your senior citizen parents. Want to know more on Health Insurance Plans? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products. https://indianmoney.com/articles/how-to-choose-health-insurance-plans-for-parents https://indianmoneyreview.blogspot.com/ https://indianmoneyceo.blogspot.com/ https://yourstory.com/2014/04/indianmoney/ https://in.linkedin.com/company/indianmoney-com 08042687207 contact@indianmoney.com

More Related