Health Insurance for Parents - Secure Your Parents' Health Today!
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Health insurance just got 18% cheaper – no GST applicable!

Parent health insurance

Extensive coverage for you and your family

Covers pre- and post-hospitalisation expenses

Protects against high medical costs

0% GST on health insurance AO

Medical Insurance For Parents

Health Insurance for Parents

As a child, one of the best gifts you can give to your parents is a health insurance policy. This will ensure your parents can access quality care whenever needed without dipping into their savings. By gifting them health insurance, you can help them manage their medical needs more easily. You can also check if you can include your parents in your existing health insurance plan.

Why should you buy a health insurance policy for your parents?

Your parents have worked tirelessly to make your life comfortable. It’s your time now to ensure they receive the care and security they deserve, especially regarding their health. You can do it by buying health insurance for them. Health insurance for parents offers:

Lifetime Medical Coverage
Reduce out-of-pocket expenses

Buying health insurance for your parents can help them reduce out-of-pocket expenses on medical care. If your parents don’t have an active income, this can help them keep a tight lid on their savings.

High Sum Insured
Cashless hospitalisation

A health insurance policy for your parents gives them access to cashless hospitalisation at network hospitals. This ensures prompt medical attention without requiring any immediate payments.

Coverage For Pre Existing Diseases
Peace of mind

Buying health insurance for your parents gives you peace of mind, as you know your parents are covered in the case of any medical contingency. It also gives your parents a sense of security.

Coverage For Critical Illness
Coverage for critical illnesses

Health insurance for parents offers coverage against critical illnesses by providing a lump sum payment if your parents are diagnosed with any critical ailments listed in the policy. Treatment costs for critical diseases are quite high and this policy can help prevent a dip in savings during such times.

Types of Health Insurance for Parents

There are primarily three types of parents’ health insurance:

Individual Health Plans

Individual health plans

This type of health insurance gives each of your parents their own separate policy. It’s a good choice if you want to make sure their individual medical needs are taken care of. With this plan, you can choose coverage that suits each parent’s age, health condition and specific requirements.

Family Floater Plans

Family floater plans

A family floater plan is a smart way to cover your entire family under one health insurance policy, including your parents. Instead of taking separate policies for parents, they share the same sum insured. If your parents require medical help, they can use the common coverage. It’s convenient and cost-effective.

Senior Citizen Health Insurance Plans

Senior citizen health insurance plans

You can opt for the specific senior citizen insurance plan if your parents are senior citizens. Such a policy is designed to cater to the needs of senior citizens and can cover various age-related ailments. This can help reduce the financial stress of medical treatments.

Features of Health Insurance for Parents

Some notable features of parents' health insurance include:

Cashless treatment

Your parents can receive cashless treatment in network or non-network hospitals without paying anything upfront. The insurer pays directly to the hospital.

Pre and post-hospitalisation expenses

The insurance policy covers pre- and post-hospitalisation expenses up to the sum insured for a certain number of days. In most cases, this is 90 days before admission to hospital and 180 days after discharge from hospital.

Cumulative bonus

If your parents don't make a claim during the policy year, they get no claim bonus up to a certain percentage of the sum insured. This increases the amount of sum insured.

Reset benefit

Reset benefits ensure your parents never run out of cover even if they exhaust the sum insured on treatment.

Benefits of Choosing Parents Medical Insurance Policy Online

Buying health insurance for parents online offers a world of convenience. Some potential benefits include:

Eligibility criteria for Mediclaim Policy for Parents

The general eligibility criteria for buying a mediclaim policy for your parents are:

1
Age

Your parents must be in a certain age bracket for them to have a policy. The specifics may differ across insurers.

2
Relationship status

You need to have a legal relationship with your parents to buy a policy on their behalf.

Apart from these, your parents may need to undergo certain medical check-ups if they fall within a certain age bracket to have the policy.

Important Things to Look at While Buying Health Insurance for Parents in India

Before buying health insurance for your parents in India, take a special look at:

Maximum Entry Age

Waiting period

This is another essential lookout. This period can range from months to years. The waiting period is the time during which your parents will not receive coverage from the policy. So, it’s always better to choose a plan that has shorter waiting periods.

Waiting Period

Critical illness coverage

Check whether the policy includes coverage for critical illnesses. If so, go through the list of covered diseases. Also, pay attention to the waiting period for these illnesses, because many policies only allow claims after a certain number of months. Understanding this upfront helps avoid surprises later.

Coverage For Critical Illness

Insurer’s claim settlement ratio

This ratio shows how many claims the company has actually paid out compared to the number it received during the year. It’s a simple way to gauge how reliable the insurer is in settling claims. A higher ratio means the company has a strong track record of honouring claims.

Lifetime Renewability Option

Lifetime renewability option

This feature lets your parents keep renewing their policy without worrying about age limits. As they grow older, they won’t have to hunt for a new plan or pay a much higher premium. It keeps their coverage going smoothly and saves them the stress and extra cost of buying a fresh policy later.

What’s included and what’s not?

While specifics may differ across policies, generally a mediclaim policy for parents covers the following:

  • Inclusions
  • Exclusions
  • In-patient treatment
  • Day care procedures
  • Listed modern treatments
  • Pre and post-hospitalisation expenses
  • In patient AYUSH hospitalisation
  • Domestic road ambulance cover
  • Donor expenses
  • Domiciliary hospitalisation
  • Bariatric surgery cover
  • Pre-existing diseases
  • Specified diseases or procedures
  • Change of gender treatment
  • Cosmetic or plastic surgery
  • Expenses for unproven treatment, correction of refractive error

Look at the insurer’s claim settlement ratio. This ratio shows the number of claims settled by the insurer compared to claims received in a year. The higher the ratio, the better.

Buy Health Insurance For Parents

To buy a health insurance plan for your parents from ICICI Lombard:

Visit our website and choose Elevateunder health insurance

Fill out the details, including mobile number, email, pin code and name.

Click on ‘Get quote’

Our medical team will contact you to conduct a telephonic assessment of your parents’ health history. If all goes well, the policy will be issued.

Frequently asked questions about health insurance for parents

Should I buy health insurance for my parents?

Yes, you should. Buying health insurance for your parents ensures they are financially prepared in case of a medical contingency and get access to quality healthcare without worrying about funds.

Why is it better to opt for an early healthcare plan for my parents?

Early buying enhances the chances of your parents staying in good health, which can bring down premiums.

My parents have a pre-existing disease; Can I buy health insurance?

Yes, you can buy health insurance for your parents. But ensure you declare them when buying a policy. Pre-existing diseases declared and accepted will be covered after a certain waiting period.

Is there any age limit while buying health insurance for parents?

Insurers generally set an age limit while buying health insurance. This varies across insurers. Check with your insurer before buying the policy.

Is there any medical test in health insurance for parents?

Your insurer may ask your parents to undergo medical tests before issuing the policy, particularly if they are in the higher age bracket. This is important to assess risks and policy underwriting.

Can I cover my parents in my existing health insurance policy?

Read the policy wording to know whether you can cover your parents in your existing health insurance policy or not. Inclusions during the mid-term of the policy may not be allowed. Inclusions may be allowed during policy renewal.

How Can I enhance my parents’ insurance coverage?

You can buy a top-up health insurance or a super top-up plan to increase your parents’ insurance coverage. Both these plans offer an extra layer of protection when the coverage for the base policy gets exhausted.

Can I include my senior citizen parents in a family floater insurance plan?

While most family floater insurance policies allow parents to be included, you can do so only during policy renewal. Also, including your senior parents may result in paying a higher premium. Review the policy wording and talk with your insurer to understand the process.

Is it possible to include my parents in the family floater health insurance policy?

Yes, you can include your parents in the family floater health insurance policy. That said, it can increase premiums.

Why is it said that health insurance for mothers is important?

Health insurance for mothers offers a financial cushion in case of a medical contingency. It covers several treatments and provides pre- and post-hospitalisation expenses up to a certain number of days.

What is the difference between parents and senior citizen health insurance?

While you can purchase parents’ health insurance for your parents below 60, senior citizen health insurance is specifically designed for those above 60.

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