Buy Mediclaim Insurance for Parents – Best Senior Citizen Health Insurance
Health insurance is an effective tool to protect your finances as you grow older. These policies typically safeguard you against unforeseen medical expenses that may hit you or your family. However, medical care nowadays is quite expensive, which is why you need a support system like medical insurance for parents to protect your elderly family.
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Here is why medical insurance for parents is essential in today’s age –
- Inflation – With the rapidly rising medical expenses and hospitalization costs, exploring different medical insurance policies is imperative now to cope with the inflation. The cost of healthcare, particularly in private hospitals, is exorbitant enough to burn a hole in the pockets of even the upper-middle and upper classes of the economy.
- Annual Health Checkup Benefits – Most medical insurance policies offer free annual checkups to policyholders. These checkups are a great way to stay on top of your health and well-being before it may be too late. Preventive measures are always more effective than reactive ones.
- Old-Age Risk – It is a well-known fact that the possibility of having illness rises as a person ages. In addition to this, the probability of hospitalization due to a deteriorating pre-existing medical condition, chronic ailments, or surgeries are more in old age. These health insurance plans offer various financial benefits and thus let you focus on delivering the perfect medical insurance for parents.
- Stress Reliever – Arranging for funds and paying off hospital bills can be a stressful activity for old-age people. A sound medical insurance policy helps in this step by offering cashless settlement options that are hassle-free and smooth to carry out, offering some relief to the policyholder in testing times.
Senior Citizen Health Insurance is one of the best types of medical insurance for parents that protect them from various medical expenses that can arise either from emergencies or even pre-existing medical conditions. Here are some of the key benefits of these types of policies that make it an attractive option as medical insurance for parents –
- Coverage For the Elderly – These insurance policies are specifically designed for those above the age of 60. Basic health insurance plans only offer coverage up to 65, which is why this is a great option as medical insurance for parents.
- Cashless Treatment – Senior Citizens can avail themselves of cashless medical treatment benefits in some of the top hospitals in the country. You have to cross-check which hospitals you can visit as per the terms and conditions of the health insurance policy.
- No-Claim Bonus – In the case of Senior Citizen Health Insurance, the insured is given a 10% bonus on the coverage amount for each claim-free year.
- No Pre-Policy Medical Checkup – If you are looking for a hassle-free process to avail medical insurance for parents, Senior Citizen Health Insurance is a standout option. Unlike most other health insurance policies, these types do not require any pre-policy medical checkup.
- Customisation Benefits – Senior Citizen Health Insurance plans are highly flexible and can be adjusted based on one’s needs & preferences.
- Tax Benefits – Another key benefit of Senior Citizen Health Insurance plans is that they offer tax exemptions under 80D of the Income Tax Act. The total amount of premium that is paid is eligible for tax exemption, which means better financial savings from the policyholder’s point of view.
Opt for Care Health Insurance if you’re looking for the best medical insurance for parents’. The company is one of the leading health insurance providers in the country, with a remarkable claim settlement ratio of 95.2% and a network of over 15,500 hospitals. In addition, users can access value-adding services on the app/website along with seamless customer support and settlement procedures.
Thank you,
Glenda, Charlie and David Cates
