Discovering Care Senior Citizen Health Insurance Plan for your Parents

Care health insurance for parents has been designed to specifically cover high health risks that come with old age. And with the increasing healthcare expenses and exorbitant hospitalization expenses, medical insurance for parents is no less than a priority. It ensures financial coverage for unexpected expenditures including cashless and best treatment for any health ailment that requires hospitalization.

Care health insurance policies for parents also offers additional benefits like domiciliary hospitalization cover, organ donor expense cover and life-long renewability of policy as well as tax benefits on the premium - that makes your investment worthwhile.

Highlights

Who can buy Senior Citizen Care Health Insurance Plan?

The policyholder should be:

• Between the age group of 60 and 80 years to avail the health insurance coverage benefits for parents
• Lifelong renewability is provided to senior citizen up to a maximum age of 65 years

Benefits of Senior Citizen Care Health Insurance for Parents

Some of the major benefits of buying care health insurance for Parents are enumerated below:

1. Cashless Medical Treatment: Care health insurance provides cashless medical treatment in any of the network hospitals in a hassle-free manner.

2. High Sum Insured: Higher sum insured amount is offered owing to the higher health risks associated with the old age. The sum insured options range from Rs 3 Lakh to Rs 10 Lakh. Higher coverage amount also offered in other plans.

3. Treatment for Pre-existing Illnesses: Care health insurance for parents also includes pre-existing disease cover for Diabetes and Hypertension, after the completion of the specified waiting period.

4. Tax Benefits: The premium paid is eligible for tax benefits under Section 80D of the Income Tax Act up to Rs 50,000 during a fiscal year.

Inclusions of Senior Citizen Care Health Insurance for Parents

The policy offers coverage on both individual and family floater basis and the coverage benefits are listed below:

• Expenses incurred on hospitalization including daycare treatment and in-patient care is paid
• Coverage is provided for pre-hospitalization expenses for 30 days and post-hospitalization expenses for 60 days
• Coverage for ICU charges, ambulance cost, room rent and daily allowance, as specified in the policy terms
• Annual medical check-up facility for parents is provided
• Pre-existing diseases are covered subjected to the waiting period
• Organ donor expenses to be covered up to the specified amount
• Second medical opinion cover for major illnesses during the policy term
• Automatic restoration of the sum insured during the policy term
• Increase in sum insured with No-claim-bonus benefits in a claim-free year

Exclusions of Senior Citizen Care Health Insurance for Parents

Buying health insurance for parents is essential to ensure that they are able to get the best possible medical treatment available. But before buy Care health insurance for parents check the list of exclusions as well:

• Diagnoses of any illness, or any treatment that the insured need to undergo in the initial 30 days of the policy purchase shall be excluded
• Self-inflicted injuries and suicidal claims are not covered
• Medical expenses incurred on congenital diseases, AIDS, drug and alcohol misuse and overdose is covered
• Medical expenses incurred during childbirth, pregnancy, abortion, miscarriage, and related consequences
• Treatment and tests for in vitro fertilization and infertility are not covered
• Medical emergencies resulting due to riots, war, riot, strike and nuclear weapons are not covered

For further details regarding policy details, and claims you can speak to Policybazaar’s health insurance experts and make an informed decision.