Last Updated on April 5, 2026 by teamtfl
“In preparing for battle I have always found that plans are useless, but planning is indispensable.” — Dwight D. Eisenhower
Replace “battle” with “medical emergency at 68” and that quote lands differently, doesn’t it?
You’ve spent 25 years building a career. You’ve planned your retirement. You’ve reviewed your mutual fund portfolio more times than you’ve had family dinners. But your parents’ health insurance? You probably haven’t looked at it since 2017. Or maybe you bought a policy back when Apollo Munich was still Apollo Munich — and quietly assumed the problem was solved.
It wasn’t.
Ramesh (name changed), a 52-year-old VP at a Pune manufacturing company, called me last year. His mother, 71, had a cardiac episode. Hospital bill: Rs. 14.8 lakh. The insurance policy he’d bought four years ago had a sublimit on cardiac procedures. Claim settled: Rs. 3.2 lakh. He paid the rest from his retirement corpus. One medical emergency. One policy gap. Three years of savings — gone.
Health insurance for parents isn’t a box to tick. It’s one of the most consequential financial decisions you’ll make in your 40s and 50s.
⚡ Quick Answer
The best health insurance for senior citizen parents in India (2026) depends on their age, health conditions, and city. Top options include Niva Bupa Senior First, Star Health Senior Citizen Red Carpet, Care Health Advantage, and Aditya Birla Activ Care. New IRDAI rules (2025) have improved the landscape — no age-based rejection, 10% premium hike cap, and PED waiting period down to 3 years.
What IRDAI Changed in 2025
3 Rules Every Senior Citizen’s Family Needs to Know
No
Age-based rejection. Every insurer must cover any age.
10%
Maximum annual premium hike cap. No more 30-40% shocks.
3 Yrs
Maximum PED waiting period. Down from 4 years.
IRDAI Circular — January 30, 2025
What IRDAI’s 2025 Rules Changed for Your Parents
Before we look at plans, here’s what changed in 2025 that most people don’t yet know about.
Three significant IRDAI reforms came into effect. First, insurers must now offer at least one health insurance policy to applicants of any age — the age-based rejection that shut out many 70+ applicants is no longer legal. Second, annual premium hikes for senior citizens are capped at 10% — the days of 30-40% renewal shocks are over. Third, the pre-existing disease waiting period has been reduced from a maximum of 4 years to 3 years — your parents’ diabetes or hypertension must be covered a full year sooner than before.
These are genuine improvements. They don’t make the decision simple, but they do make it more manageable.
Why Health Insurance for Senior Citizen Parents Is Different
Think of health insurance as a bridge. For you at 45, it’s a narrow footbridge — you cross it occasionally. For your parents at 68, it’s a suspension bridge over a ravine. The loads are heavier, the crossings more frequent, and the cost of the bridge failing is catastrophic.
Here’s what still makes parents’ health insurance structurally different from a regular family floater:
Higher claim probability. Claim frequency for the 60-80 age group is significantly higher than for the 35-50 bracket. Insurers know this — it’s why they price it differently and structure products around it.
Pre-existing disease waiting periods. The maximum is now 3 years under new IRDAI rules. But your 70-year-old father with controlled BP may still not be covered for a hypertension-related event until Year 4 of the policy. Buy early — every year you delay, this clock restarts.
Co-payment clauses. Many senior citizen plans require you to bear 20-30% of every claim. On a Rs. 10 lakh surgery, that’s Rs. 2-3 lakh out of pocket. Not highlighted at the time of sale. Always surfaced at the time of claim.
Room rent sublimits. A policy may look like Rs. 5 lakh cover but cap room rent at Rs. 2,000 per day. In any tier-1 hospital in 2026, a standard single room costs Rs. 5,000-12,000 per day. The sublimit then proportionally reduces all other costs — medicines, nursing, doctor fees. A Rs. 5 lakh policy can effectively behave like a Rs. 1.5 lakh policy.
⚠️ The Room Rent Trap
Most policyholders discover room rent sublimits only at the time of claim — not at the time of purchase. Always ask explicitly: “Does this policy have room rent capping?” before signing.
The Section 80D Benefit You’re Probably Underutilising
If you’re paying health insurance premiums for your parents, you can claim a deduction of up to Rs. 50,000 per year under Section 80D for senior citizen parents. This is separate from the Rs. 25,000 deduction for your own family’s health insurance. At a 30% tax bracket, that’s Rs. 15,000 back in your pocket every year.
The premium must be paid by you — not your parents. Payment must be in digital mode. Cash payments don’t qualify.
If both you and your parents are above 60, the combined 80D benefit can reach Rs. 1,00,000 per year. Have this conversation with your CA during tax planning, not at the last minute in March.
Four Questions to Answer Before You Compare Plans
Most people jump straight to premium comparisons. That’s the wrong starting point. Answer these four questions first — they determine everything:
1. What is their current health status? Known conditions, recent surgeries, ongoing medications. This determines pricing and exclusions — not whether they can be covered, since IRDAI now mandates at least one product at any age.
2. What is their age? Below 65 opens significantly more options. Between 65-75, choices narrow. Above 75, at least one product must be offered per IRDAI rules — but premiums rise steeply and product features may be more restrictive. Buy before 70 if you can.
3. Where do they live? Hospital network coverage matters enormously. A policy with strong cashless empanelment in Bengaluru may have poor network in Coimbatore or Jaipur. Always check the hospital list in their specific city before buying.
4. What is their likely usage pattern? Frequent outpatient visits or primarily hospitalisation risk? Some plans now cover OPD — genuinely valuable for parents with chronic conditions who visit specialists monthly.
Best Health Insurance Plans for Senior Citizen Parents (2026)
There’s no single “best plan” — it depends on everything above. Here’s what matters about each credible option:
Niva Bupa Senior First (formerly Apollo Munich / Max Bupa): Consistent claims track record through multiple ownership changes. Good sum insured options up to Rs. 25 lakh, no sublimits on standard plans. Co-payment exists at 20% for some age brackets — verify the version you’re buying.
Star Health Senior Citizen Red Carpet: Designed for the 60-75 bracket. Accepts pre-existing conditions that many insurers reject. Trade-off: 30% co-payment on pre-existing disease claims in Year 1. For parents with cardiac history or diabetes who’ve been rejected elsewhere, this is often the viable path.
Care Health Advantage (formerly Religare Care): No sublimits, smooth renewal process. Unlimited restoration benefit — if your parents exhaust the sum insured in one hospitalisation, it resets for a second event in the same year. Meaningful for the 70+ age group.
Aditya Birla Activ Care: Good OPD coverage and wellness benefits — useful for parents with chronic conditions. More transparent policy document than most. Flexible sum insured options.
Star Health Cardiac Care: If your parent has a documented cardiac history, most general plans will reject or heavily load them. This specialised product was built specifically for that situation.
PSU insurers — National Insurance, Oriental Insurance, United India — remain options for parents with complex conditions private insurers won’t touch. Claims processing is slower. Acceptance criteria are often more flexible.
The Super Top-Up Strategy Most Families Miss
A comprehensive Rs. 20 lakh base policy for a 68-year-old with controlled diabetes costs Rs. 40,000-60,000 per year. That grows every renewal — capped at 10% now, but compounding. In 10 years, you could be paying Rs. 1 lakh+ annually just in premiums.
💡 The Smarter Architecture
Base plan: Rs. 5-10 lakh (lower premium) + Super top-up: Rs. 10 lakh with matching deductible. Combined premium is significantly lower than a standalone Rs. 15-20 lakh plan. The protection level is similar or better. This is the structure most agents won’t explain — because the base plan premium is what drives their commission.
The super top-up aggregate deductible works over the entire policy year, not per hospitalisation. Two Rs. 3 lakh hospitalisations in one year, with a Rs. 5 lakh deductible, means the super top-up pays Rs. 1 lakh. A Rs. 10 lakh super top-up with Rs. 5 lakh deductible costs roughly Rs. 8,000-12,000 per year at age 70.
The Clock Is Not on Your Side
Health insurance for senior citizens gets harder and more expensive every year you wait. A policy bought at 63 starts a 3-year waiting period that covers a condition by 66. The same policy bought at 67 covers it at 70. Four years matter enormously when you’re 68 and a cardiac event is not hypothetical.
The IRDAI changes make the market fairer. They don’t make delay cost-free.
Still uncertain about the right plan?
A 30-minute conversation often resolves what hours of online comparison doesn’t. We review your parents’ specific situation, shortlist 2-3 plans, and flag what to watch in the fine print.
Frequently Asked Questions
Can I add my parents to my family floater health insurance?
Most family floaters allow parents, but the premium is calculated on the oldest member’s age. Adding a 68-year-old parent to your floater will roughly double your premium and often reduces overall coverage efficiency. Separate individual policies for parents are usually the better structure.
Can insurers now deny health insurance to senior citizens based on age?
No. As per current IRDAI guidelines, every insurer must offer at least one health insurance product regardless of the applicant’s age. However, premiums increase significantly with age, choices narrow considerably after 75, and product features may be more restrictive. The right to coverage is now protected — the cost and terms are not fixed.
What is the waiting period for pre-existing diseases in health insurance?
As per updated IRDAI guidelines, the maximum waiting period for pre-existing diseases is now 3 years, reduced from the earlier 4 years. The sooner you buy, the sooner this clock completes.
How much health insurance cover is enough for parents above 65?
In metro cities, a minimum of Rs. 10 lakh sum insured is recommended for parents above 65. Medical inflation in India runs at 10-15% annually — layer a super top-up plan on top to extend protection without a proportional premium increase.
Can I claim Section 80D deduction for parents’ health insurance if they are not dependents?
Yes. Section 80D allows the deduction for premiums paid for parents regardless of dependency. The limit is Rs. 50,000 for senior citizen parents above 60, separate from your own family’s Rs. 25,000 deduction. The only conditions: you pay the premium, and payment is in non-cash mode.
Don’t let your parents become a financial emergency. That’s not what they need from you. And it’s not the retirement you’ve spent 25 years building toward.
The best time to buy health insurance for your parents was five years ago. The second best time is today.
💬 Your Turn
What’s the current sum insured on your parents’ health insurance — and when did you last check whether it still makes sense? Share below, or mention the city they live in and I’ll tell you what the network coverage looks like.
cost of a bypass surgery is more than the max coverage limit offered by some plans.
insurance is a scam
Hi Abhi,
You rightly said – there is difference between actual cost & maximum limit approved by some insurers.
General Insurance Public Sector Association (GIPSA) is a body of four public sector general insurers-New India Assurance, United India Insurance, National Insurance and Oriental Insurance Company. To contain losses due to ‘inflated’ medical bills charged from the insured, these insurers decided to standarise rates for 42 medical procedures across categories of hospitals for settling cashless claims.
GIPSA limits are 75-80% of actual cost.
Recently there was an advertizement which mentions that Health Insurance
is being offered by State Bank Of India to its Savings Bank account holders. I
guess similar Insurances must be available from other banks too. Any idea, how good are these Insurances & how easy/difficult is claim settlements in such Insurances? Any link where I can read details about these Insurances?
Hi Hemant,
Medical Insurance is a very important matter and you have nicely pointed in detail. But surprised to see that you have not mentioned the name of LIC’s mediclaim policy in your list. I have taken that policy for me and my father combined and it costs be around Rs. 7,500 per year and each of us have 1 lakh sum insurance and company bears 100 % of the amount. If I take the same policy for my father(65 yrs) alone it will cost me around Rs. 6,000. So I think this policy is up there with the best.
Manoj,
LIC does not have a “Mediclaim”Policy. What they have is a health plan which covers listed SURGERIES and daily hospital cash allowances are paid.
Also it does not pay 100% of amount as mentioned by you, It pays you a fixed amount on surgery irrespective of amount spent by you.
Please go through the terms and conditions of the policy you have in detail.
Nice comparison – but this is for people in the age bracket of lets say 60 to 70 years or so.
Are there any options to safeguard grandparents ? That too at a reasonable premium ?
Hi Punit,
You should think of creating a separate medical corpus for them.
I dont get it – separate corpus means ? is it like saving something every month for an emergency if required ? If yes, then whats the best method ? RD in banks ? MF’s ?
Hai Hemant,
We were waiting for an article on this subject.me and my wife are having health insurance policy from Apollo Munich and we were looking for a good and reliable plan for our parents.Hope this will help us.
Thanks dear 🙂
Welcome Shamshad – must share this with your friends 🙂
Hi Hemant,
I was looking to gift a health insurance plan exclusively to my dad who is 64 years old, I visited policy bazaar and they recommended L & T health insurance. What do you suggest of this plan? The premium for 500000 coverage is 16 k + per annum. Is this best in the market? Kindly advice.
Thanks,
Moulika
I am 31 and have a medical insurance from my organization till i am suferring in the job. but considering i am in private job so that means after my retirement i wont be having any medical insurance.. so can u suggest that should i now start investing in the medical insurance / should enter after some more years.
And what type of plan i should go with? and can u shed some light on Lic mediclaim policy. as i was thinking to buy for me , my husband and kid.
Thanks,
Hi Mamta,
Check this discussion on the same topic
https://www.retirewise.in/2011/07/health-insurance-policy-group-medicalim-employer.html
Hi Mamta,
Health Insurance should be taken as early as possible, because sickness & diseases are unconditional and occur at any time… about your health insurance from office, remember no job is secured and even if so, after leaving the job, even if you take health insurance, either you it ‘ll be too late or the premium you pay would be comparatively more… regards,
Sohail
Hi Sohail ,
Thanks for reply.. but can u also shed some light on policy which i should buy at the age of 31 years..
Thanks
just wanna know should i go for buying the top-up on what i am being offered from my organization or buying a separate policy all together.
and which companies and type of insurance should i choose..
Hi
see insurance policy is always better to opt as per your requirement.
I guess family floater will be a good option for you. Few points to rem
1- Policy benefits
2- Compare your requirement 1st with others players
3- see the claim settlement ratio & compare with other players
4- Network hospital nearby your area
5- is it cashless or deductible in nature
6-what is pre & post benefits
7- what will be the waiting period for [pre disease]
8- premium charges will be inflated year on year or in sum period till the date
9- Rem OPD [ consultancy] will be not covered in the policy
10-If you have a company policy, it will be advisable to see what else is required to have a better option too.
My recommendation would be
1- Max Bupa
2- L&T
3- Agon
The details of Health Insurance plans are nicely compiled and graphics are adding to clarity. Awareness about Health Insurance plans available for Senior Citizens needs to be increased and the younger generation should treat this is as their moral and social responsibility.
Fully agree with you – we have to take this as our responsibility.
Thanks Hemant for this wonderful article. Yesterday i was just thinking in this direction and u came up with this…
1 doubt came at the end.. “Have you gifted medical insurance to you parents? Do you know you can avail tax benefits on the premium you pay towards Medical Insurance for your parents? If you have any question feel free to add in comments.”
The question is what steps/ documentation required to be taken care while getting tax benefit for insurance premium paid for parents?
also, can u please guide me for best Term plans available for parents( more than 55 years age) ?? or can u cover and article on the same??
Regards
Vrushank Shah
Hi Vrushank,
Just make sure you make payment of medical insurance policy from your SB A/c – this will help you in taking tax benefit.
Don’t buy term plan in name of your parents………
HI Hemant..
Thanks for your prompt reply..
Can u please clarify why the term plan for parents not advisable as per you??
There is only little cover( around 4-5 lac) currently for my parents and i want them to increase the insurance coverage either as i buy for them or they buy for themselves… i know the premium amount may be very high but its worth to increase cover at this time of life than any other age…Better late than never…..
please advise…..
Regards
Vrushank Shah
You should buy term insurance only if you have people dependent on you. That’s why he advised against it.
Right Hemant?
Hi Hemant,
Really a very good post. I was keenly trying to find a good medical insurance policy for my parents who are in the age bracket of 64 & 70 years respectively. Would be glad if u could help me out in deciding the policy to be taken, given their age into consideration.
Hi Manish,
At 64 try Apollo Munich & at 70 check policy of Religare.
Hemantji,
You are doing an yeoman service in this field.
I have heard that United India is the only company which covers for over 75 years i.e until death, all others have some kind of fine print involved.
Also shed some light on “Family-Floater Type” so that one can save on cost of this cover.
Also if you could do an article on Broad outline of Procedure for making the Claim as different companies follow different procedures.
Recently we had a death in the family & the medical Insurance cover was for Rs 5L. The hospital made a bill of 4,98,882 for total 5 days of stay in ICCU? Are we Indians born- cheats or what?
Hi Raj,
You can check claim process here
https://www.retirewise.in/2010/05/know-about-mediclaim-policy.html
Regarding United India policy – maximum sum assured is limited to Rs 3 lakh so look for other options.
Good post Hemant. Keep up the enlightening work.
great job but still input more details and try to cover more
Ok 🙂
great post Hemant sir,
I am currently looking for overseas mediclaim for my parents(Age 62) who are traveling to USA this month.
Any thing special to consider when buying overseas Mediclaim? Can you please suggest good options to consider.
Thank you
Dear Hemantbhai,
thank you, as usual your post are always full of information, i would like to know medical reimbursement system for family pensioner. ( Gujarat State ) if you konw or from where i can get such information.
Hi Alpesh,
I have no clue about this.
I have always liked your write ups & this one too is excellent on the care needed for senior citizens,presently my parents are father 80 years ; mother 76 years who are hail & healthy can you suggest a medical policy for them for at least 3 lakhs each & the cost .
Eagerly awaiting your reply.
udayan. sabnis
Hi Udayan,
Its tough to get polices at this age but you can try your luck with National insurance companies or ICICI Lombard & Max Bupa.
Hi Hemant,
Nice article. This is really helpful.
One question about premium mentioned in the above chart is that premium is for both mother and father or for any single person ?
Thanks
Vishal
Hi Hemant,
I have one personal mediclaim policy with Oriental (HAPPY FAMILY FLOATER POLICY) where i am considered as primary and my parents are also covered in it. I have never claimed through this policy but find it little surprising to consider me for premium. The cost of handling parents expenditure will always high . Do You think this is right or there could any other factors?
Thanks.
Hi Vaibhav,
My suggestion is – have a separate policy for parents.
Dear Hemant,
Can you please help me to understand why it is better to have separate policies for parents? Whether you mean two separate policies for father and mother? Can you please help me?
Little but good information.
Hi Ravi,
I think it can become the base of your research & according to your specific requirement you can take the policy.
Hi Hemant,
I am 31 year old unmarried, I do have health ins. provided by my employer. but still i want to get on my own. Should i get health Insurance worth 2 or 3 lakh after getting married(may be in 1 year) so that myself and wife is covered along with adding one more option for 1 kid.
And
My father is 65 year old, lives in Bijapur(North Karnataka) tier 3 city i guess.
I want to buy health insurance for him worth 2 or 3 lakh.
kindly advise which one suits best considering hospital network, good claim record and competitive premium.
Hi satish,
For yourself you should buy a health insurance policy now also. Most companies have feature of adding family members in the same policy.
For your parents Senior Citizen Plans are the only option.However if they have not reached 66, product like Easy Health From Apollo Munich will cover them.
Hi,
Once again nice informative article.
We are 3 people, myself (44) and my parents (68 & 63). Neither of us have health insurance at present, there are no serious health issues either.
Can you please advise which is best plan to go for ? Will it be cheaper to go for a single policy covering all three of us. I did try to understand health insurance, but it seems complicated . Floaters, Critical illness cover, Riders all these goes above the head as I am just an average middle class person.
Thanks in advance
Vikas
Hi Vikas,
You should go for seperate policies for your parents. Individual policies might be costlier so you can purchase a floater policy for them. The reason for this is that the premiums are high when age is more and are calculated on highest age of the group. So a single policy will not be benficial for you as premium wil increase with increase in age of your parents.
For yourself you should go for an individual policy.You can consider Apollo Munich or Max Bhupa.
Dear Hemant
I have just finished reading the article.It was quite informative.Thanks for same.
I would like to ask that what would happen if the insurance providing company goes bankrupt or it stop its services? Will customer’s Policy get transfer to another Insurer or or else get lapsed? I am 27 years old & planning to get a Medical insurance policy for self as well as for my parents. What would you suggest if we don’t have any critical illness history or symptoms in our family?
I had asked Insurance companies but they don’t clarify.
Eagerly awaiting for your reply.
Thank you again & keep these good articles coming.
Anand
good question….any answers..please..?
Hi Anand,
You can consider Apollo Munich or Max Bhupa.
Hi Hemant,
There is a list of tests which needs to be conducted before the medical insurance policy is offered . Based on the results, I found most insurance companies including Oriental Insurance, National Insurance, etc. in Bangalore..do not want to take up the risk . Thus they don’t offer the medical insurance at all.
Hi Rakesh,
Health Insurance companies do have specific list where they do not provide insurance coverage. Fo re.g. many companies do not give policies to diabetic patients at all.
Your post is very detailed and informative. and surely an eye-opener for those who have not yet opted for a medical cover for their parents- given the rate of medical inflation and the alarming rate at which lifestyle diseases are on the rise added to the fact that there is a special provision under section 80 D to invest upto Rs. 20,000/- for parents and save tax.
Thanks Hemant for this
wonderful article.
My parents age is around 45-46.. They do not have any serious illness till now… could you please suggest a medical plan for them
Hi Naresh,
You can consider Apollo Munich Easy Health which have good features.
Dear Hemant,
Thanks for the article.
Is it possible that you can suggest a Policy/Insurance Company for insuring (Health) myself. I get calls from agents when I post a query but no one is able to Insure (Health) as soon as I tell them that I had Bypass Surgery in 1996 & a stroke in 2006 & am taking insulin (60 Units) for Diabetes control. Many Insurance Policies mention pre-existing diseases are covered after 2-4 years but agents are unable to offer me a policy. Why?
Thanking you. Best regards, RAKESH (DOB 6-1-1951, E-mail
rkj95)Hi Rakesh,
Although pre-existing disease are covered after 2-4 years in a health policy, there is a risk element which company judges before including such illnesses. At higher age the probability of illness is more and so company perceive it to be on a higher risk when they are issuing health policies to this age group.Due to same reason the premiums are high.
The resistance from agents/companies is due to higher age and your existing illnesses along with the previous ones you have faced.
Hi Vikas
So what option does a person have if he wants a health insurance and has Pre Existing.. I enquired with all the Insurance companies ( Apollo munich, max bupa, star health, religare etc) to find a policy with pre-existing condition but all of them refuse to insure my father(58 yrs) who is diabetic and has RA..
I believe the only option is to build medical corpus for the worst case.. I really feel that there should be some government policy in providing healthcare assistance for the senior citizens.. otherwise these suckers just want premium from us till the time we are healthy and will not cover us once we are old and have some illness..
Well said vikas…these are real suckers and no return…only a fear of health makes a person to invest in these stupid companies for easy medical health care…but it is very difficult to deal at their assigned hospitals as well…suckers and suckers and suckers…
Dear Hemnat,
I’m looking for Insurance which will cover 100% of the amount i.e hospitalization and Post-hospitalization as well for my parents who are almost 60.
One of them had a surgery last year and other one is taking thyroid medication.
Please suggest any suitable insure.
Thanks in advance.
Hi Jeet,
60 is a good age to take regular policy with maximum benefits – try Apollo Munich easy health.
hi Hemant Sir my parents is belongs to 50-55 age group please tell me which policy is best for parents
Hello Rahul,
If their health is fine, and there is no medical history, try Apollo Munich, Max Bupa or Religare Care. These are open-ended and top-ended products where premiums are high. If you are looking for a balanced product look for Oriental Happy Family Floater.
Ensure you also catch hold of an experienced adviser who can handle and advice on your claims.
Regards,
Mahavir Chopra
REPLY
i am looking to buy health insurance for my family age (39+35+10+4). pls advice best policy
Hi Dharmesh,
You can look at Apollo Munich and Max Bhupa for your requirement.
first time i am going to buy health insurance pls suggest best out of all policy. i want to buy individual policy for me ,wife ,son, daughter prem (5+5+3+3)lac each, where policy give maximum protection & facility.
Hi,
Its very detailed post and lot of good informationis posted here.
If you allow, can I recommend other senior citizen policies available here.?
Hi Sumit,
It will be beneficial for all the readers if you provide reviews of any such plans.
Hi,
Could you suggest me some good health insurance which covers me and and my parents? I am 28 yrs old and my parents are in 50-59. My mother has suffered from cancer which was treated successfully 10 yrs ago.
Please advise.
Puneet,
For you any good health insurance scheme will be beneficial since you are at a very young age. You need to consider features which you may need in the future. Apollo, Max Bhupa, Religare Health are companies which you can consider.
For your parents you will have to look at seperate policies since your mother has undergone a cancer treatment. Companies may have certain restrictions or change in premium based on their underwriting for her. You can consider the above mentioned companies for your parents too.
Hi Hement,
First, I would like to appreciate your work.
Any senior citizen (Age-62) had passing with some critical illnesses then he can buy any medical insurance, if yes then suggest please.
Thanks in advance.
Best Regards,
Sachin
Sachin,
At higher age if you suffer from any critical illnesses then chances of availing medical insurance reduces. Even if any company approves so there might be many conditions attached. Also the existing illness might be covered after a waiting period or may not be covered at all. This depend son the underwriting of insurance company.
In my view you should look at creating a health fund. You can also put forward the insurance proposal with any company and get to know the probability.
Hi Hemant,
Nice post, congratulation.
Would you please guide to finalize insurance company for my parents. My father’s age is 65 and my mother’s age is 63. My father don’t have any existing illness where as my mother is having thyroid, taking medicine for BP and 2 years back she had undergone for knee replacement. Although my brother having corporate policy under which both of them are covered but still I want to take extra cover.
I am looking out for insurance company which will take medical test and on that basis issue policy, as my mother is having pre existing illness so I am afraid that insurance company will reject her application so is there any option to totally exclude some diseases? as those are already covered in my brother’s corporate plan.
please suggest policy which is having lifetime validity, no or minimum co-payment, no sub or upper caps, minimum waiting period for pre-existing illness, I can go for individual policy of 3-4 lac. I am also fine with psu’s if they are covering my requirement.
I dont want to go with Religare as i had very bad experience with them.
Thanks
Viv
Viv,
Both your parents are at higher age. After 65 most policies issued are co-payment policies where it ranges from 15-30%. But there are few companies where general health insurance is available at age 65. Apollo Easy Health is one such product. You can consider it for your father.
For your mother due to her illness health insurance companies may have restrictions. Apollo has a very strong underwriting so may be difficult. You can check with other companies such as max bhupa or any PSU if they will cover your mother.
No you yourself cannot exclude any illness and get coverage. It depends on health insurance company which after underwriting decides what to include and what to exclude.
Hi, I am looking for a family health insurance.
4 peolpe
Age 34+35+7+2
Please suggest which company.
abhi,
You can consider Apollo Munich, Max Bhupa or Religare health. Avail which best matches your requirement.
Hi Hemant,
I want a medical insurance policy for my parents aged 54 and 64. I compared several health insurance policies and found out that ICICI Lombard was better than the rest considering they cover existing illness after 2 yrs and have no sub-limit, though the premium is a little high.
Your thoughts on this. Do you suggest any other policy?
Regards
Pallavi
Pallavi,
The company is fine. If the product is matching your requirement you can go ahead with it.
sir, my dad is 67 years old & my mother is 55 year old & both are diabetic & hypertensive. kindly suggest, is there a single policy to cover both or do i need to buy seperately & also suggest a policy.
thanks,
manjunath,
both daibetic and hypertensive are now covered by companies. But your father age is high and there you will get a policy with co-payment features. Also, the premium will be too high which you will have to consider while buying the policy.
For your mother you can avail a general health insurance plan which are available till age 65. Apollo Munich Easy Health or Max Bhupa will be a good choice. If you have any specific requirement you can search around.
It will be advisable to buy seperate policies for both your parents.
Hi Sir,
I want to buy a medical imsurance policy for my parents, my father is at age of 60 and my mother is at age of 55, which health policy do you suggest which gives them maximum coverage. Also please let me know if I take a medical insurance policy, does the company pay 100% of medical expenses like hospital charges, doctor consultation fees, etc.
Propdeepto,
At both your parents age you can avail general health policy where there are no co-payment clauses. Companies which give full claim on the expenses you have mentioned are those which have no sublimits. Apollo Munich, Max Bhupa, ICICI Lombard are companies where there is no sublimts. You can compare their products and see which best matches your requirement.
I am looking for an Medical Insurance / Mediclaim Policyfor myself. I had bypass surgery in 1996 & a stroke in 2006. I also suffer from diabetes. My BP, Diabetes are under control with the help of medicines & insulin. My DOB is 6-1-1951.
Though I understand that with such conditions, it may be difficult to get Medical Insurance/Mediclaim Policy, kindly suggest who to contact if any company may offer me an insurance to cover part or full medical expenses if I am hospitalized?
Best regars, RAKESH
Rakes Kumar Jain,
Yes with these illnesses and treatment you have gone in past it will be a big deterrant for insurance companies to offer you nay policy. Private companies have more strong underwriting. You can check with PSUs like National, Oriental or United India.
Hi Hemant,
Nice Post. Thanks for this.
My parents are aged 58 & 46. M looking for policies for them that will cover all Domicilary & Hospitalisation expenses at a reasonable premium. I myself have a policy offered by company. The premium for adding parents to that policy is bit on the higher side (around 30K for both combined for 1L insured). Any suggestion pls?
Jitesh,
The premiums increases with age and so at your parents age the premiums will be higher.However, premiums also varies with respect to features available i.e. companies with no sublimits have a higher premium rates then companies with sublimits.
You can consider Apollo Munich, Max Bhupa for your parents. If premiums are a constraint then you can look at any PSU. But do remember that claim in these companies will be restricted within the sublimits they have.
Hi Hemant,
Nice Post. Thanks for this.
My parents are aged 58 & 46. M looking for policies for them that will cover all Domicilary & Hospitalisation expenses at a reasonable premium. I myself have a policy offered by company. The premium for adding parents to that policy is bit on the higher side (around 30K for both combined for 1L insured). Any suggestion pls?
Thanks in Advance,
Jithesh
Hi Friends,
My Parents are aged 54 & 61. For them I am looking for coverage of min 3 Lkh and max 5 Lkh. In my company premium for adding parents to my policy is very high. For 3 Lkh its 22K and for 5Lkh its 27K.
Can you please suggest any policies which will either cover both of them together or as an individual for my father (since he is 60+) any best policy with reasonable premium for expected coverage?
Thank You.
Dear Sushil,
One of the available mediclaim policies is Star Health Sr. Citizen Red Carpet Policy. I have taken a medical insurance for my parents each costing 14494/- per year. The Med-insurance amount is 3Lakhs.
Hello Hemant
Me and my wife were covered under a family floater health insurence policy for the last 8 years. When I crossed 60 years of age my premium was increased. Now when my wife crossed 60 they have shited us from floater to idividual scheme. This means that my premium has become double which I can not afford to pay after the retirment. Do you think it is ok? Can you sugest something so that we can keep ourselves secured?
V Patterson,
The premiums are surely high at higher age. But i am not convinced why you have been shifted to individual schemes instead of continuing with the floater policy. This you need to check with the company.
Alternatively, buying any new policy at this age may be costly as you will again go for waiting periods for quite few illnesses including existing ones. You can consider reducing your sum assured in the policy and simultaneously plan to create a health fund from your savings.
hi
i wish to avail a health insurace policy for my parents,my dad is having diabetis
dad-59yrs
mom-49yrs
regards
rajeswari
Rajeswari,
Most PSUs such as National, Oriental cover diabities with additional premium. You can avail it for your father. For your mother you can consider Apollo Munich, Max Bhupa or Religare Health.
Dear sir,
My father is of 61 & mother of 58. Please guide best suited policy. As rsd carpet refund claim after deducting 25% of total clajm.please highlight on this.
Jagdish,
The deduction is with respect to co-payment clauses or in sublimits. The feature you are mentioning should be the co-payment clause where a certain % of your claim the policyholder has to bear. This clause is generally put in senior citizen policies. But yor parents are at age where you can get a general health policy since they cover upto age 65. Apollo Munich Easy Health is one which gives coverage upto 65 and do not have any such clause. However, the premium may be on higher side.
please tell me the bast medicalim plan for my father and mother .
my father is heart patient.
please also suggest the plan in which we also get covered.
Kashish,
It will be difficult to avail general health plan for your father considering he is a heart patient. However, star health has launched a specific policy for heart patients Star Health Cardiac Care few month back. You can look at this product for your father.
D/sir
I am 55yr & my wife is 50yr. i want to buy a mediclaim policy of max. rs 5Lac. kindly suggest me of low premium .I have no disease except slite mantained BP.
Jai Prakash,
Premiums in health insurance policies increase with increase in age and so at your age you may see a higher rates. However, even there the premiums vary between companies which have sublimit and which have no sublimits. You can check with PSU insurers or private companies like Star Health where you will find premiums at lower side.
pl. suggest me
S
SBI newly introduced medical insurance scheme details.
Which is best medical insurance scheme for parents aged 52 & 60 years.
Francis,
You can check with Apollo Munich, Max Bhupa or Religare health. Compare the features of these policies and avail which best matches your requirement.
Hi Sir,
I am looking health insurance policy for my parents one is 65 and other is 45 years old so which policy i should go with.
Ritesh,
At age 65 there are many considerations by insurance companies since probability of illnesses are higher. Due to this most policies issued at higher age are co-payment policies. For your parent at age 65, you will have to consider these policies. Almost all companies have these. You can check with Apollo Munich, Max Bhupa or Religare Health.
For parent age 45 general health insurance policies are good. From the same companies mentioned above you can look at health policy.
Hi All,
I want to buy a policy for my parents details.
father 54 yrs old
mother 48 yrs old
My father is having High Bp, once he suffered with heart attack.
Mother’s no medical history. Policy sum should be 3-5 Lakhs.
Please suggest me policies which covers fathers diseases and upcoming knee replacement.
Shankar,
Health insurance companies do perceive any existing illness as higher risk. Bp gets covered in most companies but if policyholder has suffered from a critical illness like heart attack then its difficult. You can check with Apollo or Max Bhupa for the coverage. If there are any issues check with any pSU like National or Oriental.
For your mother you can consider Apollo or Max Bhupa.
Hello i am from raigarh chhattisgarh. i want a good health insurance plans for my parents which should be valid at all hospitals during treatment. please suggest. ..
Ujjawal,
You can consider Apollo Munich if both age is below 65. Else you can look at Max Bhupa or Religare.
Give me the right solution for parents health policies. Father has high diabetes. mother has back bone and knee problem. Both are 56 and 50 respectively…
Sanjeet,
Diabetic patient are covered by many insurance companies with additional premium. You can check with some PSU insurer for getting a cover for your father. There is also a specific policy for diabetes from star health.
For your mother you may face difficulty due to her back bone problem. To what extent you can cover your mother existing illness, you will come to know during underwriting. But in general existing illnesses are covered after waiting period of 4 years. You can check with insurance companies like Apollo, Max bhupa or even PSU companies for getting a health cover for your mother.
Hi,
I want to buy a policy for my parents.
father is 60 yrs old.
my father wants to undergo cataract surgery for one eye.
please suggest me policy which covers the cataract surgery.
Sreekanth,
In geneeral a cataract surgery is covered by health insurance companies after a waiting period of 2 years. You cannot buy a policy and claim for the surgery amount. So if your father has to undergo this surgery immediately you will have to rely on your own funds.
Hi
My father age is 65 years. He is kidney patient.
Medicine expenses per month : ~ Rs. 4000/-
Every month he has to go to hospital and bring medicines but no need to admit into hospital.
Is there any policy which covers for his medicines every month?
Kindly suggest.
Thanks,
Raja
which policy is best for above 55 yrs with pre decease?
I WOULD LIKE TO BRING IN UR KIND NOTICE . I WANT MEDICAL INSURENCE FOR MY AND FOR MY WIFE . IAM A RETD DEPUTY COMMISSIONER OF POLICE IAM COMPLETING 80 YEARS ON 16TH MARCH 2019 AN D MY WIFE IS COMPLETING 62 YRS ON25THNOV 2019. WE BOTH ARE MEDICALY FIT AND FINE TILL TO DAY.WITH THE GRACE OF GOD. STILL PEOPLE ARE SUGGESTING US TO GO FOR ARE MEDICAL INSURENCE.KINDLY ADVICE . WHICH PLAN OF RELIGARE IS SUITABLE FOR BOTH OF US