Affordable Health Insurance Plans For Parents in 2021

Taking care for our parents is one of our prime responsibilities as they step into old age and we turn responsible adults. Our capacity to fight diseases and illnesses is reduced with age, making our bodies more vulnerable to critical illnesses. Treatment costs are sky high and hence it is important for us to buy a health insurance policy for our parents that will take care of their medical needs. In india, health insurance plans for parents offer several benefits and in this article we are going to inform you about the affordable option that you can buy for your loved ones.

Affordable Health Insurance Plans For Parents in 2021

• Bajaj Allianz Silver Health Plan

This is an affordable insurance plan for your parents that offers a sum insured amount of INR 50,000 to INR 5 Lakh. It has a lifelong renewability feature that enables you to extend the tenure of the policy, promising continued support to your parents for the rest of their lives. Policyholders can also avail attractive tax benefits form this plan but a medical test is mandatory before making any claim. People within the age of 46 years to 75 years are eligible to be insured under this insurance plan.

• Star Health Senior Citizen Red Carpet Plan

This is a cost-effective policy that comes with a sum assured amount between INR 1 Lakh to INR 25 Lakh along with regular tax benefits. It also consists of a lifetime renewability feature and does not require compulsory medical tests to make a claim proposal. The eligibility age for being a policyholder of this particular policy is between 60 years and 75 years.

• New India Senior Citizen Mediclaim Policy

This is a mediclaim policy that covers both pre and post hospitalization charges and a sum assured of INR 1 Lakh to INR 15 Lakh. Costs of treatment, diagnosis, and consultation are all covered under this plan. If your parents are between the age of 60 years to 80 years you can comfortably invest in this policy, extending the services and benefits up to the age of 90 years, thereby ensuring full protection without any extra fee or charge.

• United India Insurance Senior Citizen Plan

This plan offers a sum insured of INR 1 Lakh to INR 3 Lakh. It includes room rent and boarding expenses at 1% of the sum assured and covers all diagnosis costs as well. Finances required for surgical procedures are all covered and it includes monetary assistance at 25% of the sum assured for patients suffering from Hernia and Cataract. Individuals between the age of 60 years to 80 years are eligible to be secured by this policy.

• Oriental Insurance Health Of Privileged Elders Plan (HOPE)

This plan includes hospitalization charges and nursing fees at 1% of the sum insured. It also incorporates ambulance charges upto INR 1,000 and a sum insured between INR 1 Lakh to INR 5 Lakh. Diagnosis and treatment costs are covered, including procedural charges for dialysis, chemotherapy and radiotherapy. In case the person requires treatment in an ICU, the charges are covered at 2% of the sum assured. Anyone above the age of 60 years can be secured under this policy.

Take Away

These are in short some of the most affordable health insurance policies for your parents in 2021 and will help you in gaining an idea to choosing the best plan for your loved ones. However, this list is suggestive and whether or not you decide to buy a plan will be dependent upon your prerogatives.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.