Why Health Insurance is a Must for Senior Citizen Parents?

Posted on: Feb 19, 2019 | 3 mins | Written by: HDFC ERGO Team

Why Health Insurance is a Must for Senior Citizen Parents?

Old age brings along several health ailments that are expensive to treat. The expensive medical cost can prove to be a burden for you and your family members, especially when you are physically less active and financially not that sound.

Opting for senior citizen medical insurance to take care of any unforeseen medical expenditure is clearly a wise move. Nowadays, many different plans of health insurance for senior citizens and parents are offered by insurance companies. These plans are specifically designed to address the medical needs of people aged 60 years and above

Choosing a Senior Citizens Health Insurance Plan

Most of the health insurance policies for senior citizens come with a long list of terms and conditions. It is important to ensure that the policy takes care of critical care, chronic illness, hospitalization expenses, etc.

Also, the plan should have a low waiting period for illness cover and the insurance company should have a decent number of network hospitals. An insurance plan that covers all the mentioned criteria is the best health insurance for seniors even though its premium is comparatively higher.

Health Insurance Plans for Senior Citizens and Parents by HDFC ERGO

We understand the importance of a comprehensive health insurance policy for senior citizens and their increasing medical needs. Our insurance plans my:health Medisure Classic & Health Suraksha Plan are designed to provide maximum coverage for senior citizens with lowest possible premium

my:health Medisure Classic Insurance

This insurance plan is specifically designed to meet the medical necessities of senior citizens. There is no upper age limit and you can buy this plan at any age you wish. With a pre-existing waiting period of three years only, you also have an option to choose Double Sum Insured for critical illness as an add-on.

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Suraksha Insurance

It is a family policy that is designed to give your family complete protection and protect your parents against spiralling medical expenses. This helps you save big on premium as it offers a 10% discount for more than 2 family members in the same policy.

Inclusions

In-patient Treatment due to illness and accident
Hospitalization due to illness, accident or injury
Pre-hospitalization costs incurred 30 days prior hospitalization
Post-hospitalization costs incurred 60 days post discharge
Day care treatment that does not require 24hrs hospitalization
Ayurvedic treatment costs upto Rs. 25,000 on hospitalization
Pre-existing diseases, after a waiting period of 3 years
Emergency Ambulance

Exclusions

HIV/AIDS,
Medical expenses arising due to intoxication
Plastic or cosmetic surgery
Self-inflicted injuries
War-related injuries.

You can calculate the premium by using the health insurance premium calculator for senior citizens here.

Note: You can also avail Tax savings under section 80D when buying HDFC ERGO health insurance policy for senior citizens

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the sales.

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