*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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
Network Hospitals |
7800+ |
Claim Settlement Ratio ( 2018-19) |
93% |
Co-pay |
61 years and above |
Renewability |
Lifelong |
The policyholder should be:
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.
The policy offers coverage on both individual and family floater basis and the coverage benefits are listed below:
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:
For further details regarding policy details, and claims you can speak to Policybazaar’s health insurance experts and make an informed decision.
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