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Health Insurance For Parents

Your parents have been your support system right since the time you were born. They bear the responsibility of bringing you up, giving you a good lifestyle and ensures you get quality education to secure your future. However, after a certain point in life our parents need our attention like good medical assistance and taking care of them when they get fragile with age. That’s when it’s important to buy a good health insurance plan for them.

Choice is power. Exercise it by picking the plan that suits you the most.

Affordable Health Plan for Parents
Affordable Health Plan for Parents
my:health Suraksha Silver Smart is the most-suited plan for your parents that takes care of all their medical needs at an affordable premium with sum insured ranging from 3 to 5 lakhs.
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Recommended Health Plan for Parents
Recommended Health Plan for Parents
With sum insured ranging from 7.5 to 15 lacs, my:health Suraksha Gold Smart Plan offers optimum coverage ensuring your parents healthcare needs are always met.
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Affordable Top-up plan
Affordable Top-up plan
Boost up your existing health plan with a super top-up policy that offers higher coverage at a lower premium. This plan will keep the stress of medical bills at bay and beat the medical inflation.
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What is covered in a health insurance policy?

Sum Insured rebound

Sum Insured rebound

This acts like a magical back-up, which recharges your exhausted health cover to treat the next hospitalization of a new illness or injury.

Installment Benefit

Installment Benefit

Do you like the idea of paying your health insurance premium in installments? If yes, then get your health cover with us and make the most of our installment benefit.

No Medical Test Upto 45 Years

No Medical Test Upto 45 Years

If you are young, hale and hearty then get yourself a health insurance plan by HDFC ERGO without any medical check-ups.

Cashless Home Health care**

Cashless Home Health care**

If your Doctor recommends you can get yourself treated at home and avail cashless medical facilities then this feature would be of utmost help.

Hospitalisation expenses

Hospitalization expenses

Just like every other health insurance plan, we cover you for your medical hospitalization due to illnesses and injuries seamlessly.

Pre & Post Hospitalisation

Pre & Post Hospitalisation

It means all your pre-hospitalization expenses upto 60 days of admission and post-discharge expenses till 180 days get covered, like the costs for diagnostics, investigation etc.

Day care procedures

Daycare procedures

Medical advancements help in wrapping up important surgeries and treatments in less than 24 hours, and guess what? We cover you for that as well.

AYUSH Benefits

AYUSH Benefits

Let your belief in alternate therapies like Ayurveda, Unaani, Siddha and Homeopathy stay intact as we cover hospitalization expenses for AYUSH treatment as well.

Organ Donor Expenses

Organ Donor Expenses

Organ donation is a noble cause and we cover the medical and surgical expenses of the organ donor when harvesting a major organ transplant.

Recovery benefit

Recovery benefit

If you stay in a hospital for more than 10 days at a stretch then we pay for other financial losses that might have happened due to your absence at home. It helps to take care of other expenses during your hospitalization. (Amount specified in the policy wording)

Mental healthcare

Mental healthcare

We believe mental healthcare is just as important as hospitalization due to physical illness or injury; hence we cover hospitalization expenses incurred for treating mental illnesses.

Free Renewal Health Check-up

Free Renewal Health Check-up

Get a free health check-up within 60 days after policy renewal done by HDFC ERGO at the time of renewing your policy with us.

Save Tax upto ₹ 75,000*

Save Tax upto ₹ 75,000*

Did you know that a health insurance plan is not just meant to safeguard your savings but also help you save tax? Yes, you can save upto ₹ 75,000 with HDFC ERGO Health Insurance plans.

Lifetime Renewability

Lifetime Renewability

Once you get yourself secured with our health insurance plan there’s no looking back, this health insurance plan continues for your entire lifetime on break free renewals, you don’t have to exit from it.

No entry age restriction

No entry age restriction

If you are 18 years old and above you can buy our health insurance plan without any hesitation. We secure people of all age groups.

Things to look at when buying a parents’ health insurance

Is there a maximum age of entry
While most health insurance companies do offer health insurance policies to senior citizens, they come with a maximum age of entry caveat. This is usually capped at 70 years of age. So it does make a lot of sense to invest in a parents’ health insurance policy at an earlier stage. Don’t wait until the last minute.
What is the waiting period like ?
Most insurance policies, be they for young people, middle aged working professionals or retired senior citizens will come in-built with a claim waiting period. This simply means that the first claim on insurance for hospitalisation or other emergencies can only be filed between 24 and 48 months of the date of purchase of the policy. In case of a parents’ health insurance policy as well this may be applicable. So look out for the same when purchasing.
Does it offer cover for pre-existing conditions ?
When buying a parents’ health insurance policy it makes sense to look for the cover offered for pre-existing conditions. The cost of senior care in certain conditions like cardiac, thyroid, hypertension, cancer and others can be astronomical, and sometimes not covered in the parents’ health insurance policy. So before making a purchase decision, read the offer document to clarify cover for pre-existing conditions.
Is there a cap or sub-limit on cover for special treatments ?
Later life medical costs can be crippling. Therefore a parents’ health insurance policy can be a real blessing. But here too it is wise to see if there are any conditions or caveats that apply to special or specialised treatments. For instance certain policies may have a sub-limit of only a percentage of claim or cover on specialised treatments. Like you may only be able to claim up to 25% or Rs. 25,000 for a specialised procedure like a hip replacement or hernia, even though you’ve got a cover of Rs. 5,00,000. Do inquire about these terms before investing.
How easy is the claims procedure ?
These days the standard insurance claims process is rather simple. However, it would be wise to spend some time reading the fine print about the claims process from individual insurance providers before making your insurance purchase decision. You need to know how quicky the insurance company settles claims.
Is there a lifetime renewal offered ?
There are a few insurance providers who do NOT offer a lifetime renewal, instead they may restrict renewal to a certain age. It could be 70 years of age or slightly lower, in most cases. There are some insurance providers who will offer you the benefit of a lifetime renewal. It is therefore wise to invest in such a policy from such a provider.

Benefits of buying health insurance plans for parents

One of the most important responsibilities we undertake is the care for our aged parents. With Covid-19, healthcare costs spiralling to new highs and other factors, it is wise to look at buying health insurance plans for parents.

Cashless medical treatment
This means that in times of an emergency, neither you, nor your parents will have to arrange for funds in a hurry. Instead they can avail of quality medical care at any network hospital your insurer provides and get the cashless claims sorted in a hassle-free manner.
Pre-existing medical conditions covered
The elderly often suffer from a wide range of pre-existing medical conditions, from arthritis to cardiac issues. Buying parent’s health insurance policy that takes care of these conditions after the completion of waiting period is a good way to provide care and convenience to the elderly.
Much higher sum insured
Since elderly people are at a higher risk of health problems at their age, the sum insured by parents health insurance plans tends to be much higher. Of course the premiums are also adjusted accordingly, but the peace of mind these plans provide is a small price to pay.
Covid 19 protection
Most health insurance plans today come with Covid-19 hospitalisation benefits that have become most critical in this time of a global pandemic. Having this kind of protection during these uncertain times is reassuring and a must.
Protection against rising cost of healthcare
It is no secret that healthcare costs, especially for older people are skyrocketing. Having a health insurance plan for parents, protects them against these otherwise crippling costs. It is like giving your parents peace of mind in today’s stressful times.
Tax benefits under Section 80D
Under Section 80D of the Income Tax Act, health insurance premiums are exempt from tax. This means that if you’re paying health insurance premiums for your parents and dependents, your premiums qualify for tax exemption status.

Why do you need a Health Insurance Cover for your Parents?

Lifestyle Diseases
Lifestyle Diseases

When a lifestyle disease becomes a medical emergency, health insurance is a savior providing financial security.

Inadequate insurance
Inadequate insurance

Is your health plan covering your parents  with enough protection? If not, opt for add-ons to enhance your parents health coverage.

Beat medical inflation
Beat medical inflation

Medical costs are increasing due to inflation. Buying a health insurance plan will ensure that your parents get all the medical attention in times of need.

Big Savings
Big Savings

Buying health insurance sooner comes with some benefits like lower premium and bigger covers.

Beyond Diseases
Beyond Diseases

Our health insurance plans come with wellness benefits such as guidance on the right kind of diet, fitness regime, nutrition, health related tips etc.

Tax Savings
Tax Savings

If your parents are senior citizens, you get a tax benefit of *Rs.50,000 apart from the tax benefit on your insurance.

Other related articles

 

Other related articles

 

Frequently asked questions

With growing age, our parent’s immunity slows down leading to arise in medical issues. Health insurance provides financial assistance to ensure that they receive timely treatment and the best medical attention for their growing age.
The premium paid towards health insurance policies for your parents qualifies for deduction under Section 80D of the Income Tax Act. The maximum amount for tax savings is capped at ^^Rs 50,000.
Yes. We at HDFC ERGO cover your parents if they have Hypertension or Diabetes. There would be a waiting periods of 3-4 years depending upon the plan chosen.
There’s no entry age restriction on HDFC ERGO parents insurance and they can also enjoy lifetime renewability. However, our underwriting team may advise certain tests before issuing the policy.
Pre-policy health check-up depends on the plan opted for pre-existing disease, if any.
No. Family insurance only covers 2 adults and 2 children. You need to buy a separate insurance policy for your parents.
There is no disease specific restriction in HDFC ERGO Health Insurance Plans.
Register your claim within 7 days of hospitalization and send us a duly signed claim form along with all the mentioned documents within 15 days and you are done. The approved claim will be paid within 3 days. In case you are admitted to any of our network hospitals, you easily can avail cashless facility where we would directly reimburse all the admissible expenses to the hospital. 
You can raise a claim via our mobile application my:health services. At HDFC ERGO, ~90% reimbursement claims are being settled within 3 days and cashless claims are pre-authorized within 20 minutes.

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