Health Insurance for Parents In India

It’s natural to want your parents to live long, happy, and healthy lives. Unfortunately, as we get older, the risk of health issues increases. According to the World Health Organization (WHO), older adults are more likely to experience conditions like diabetes, arthritis, joint pain, back pain, cataracts, hearing loss, and dementia.

One way to help protect your parents’ financial well-being is to consider purchasing health insurance. This can provide them with access to quality medical care without putting a strain on their savings.

What is Health Insurance for Parents?

Looking after your parents' health is a top priority. A comprehensive health insurance plan can offer them the peace of mind they deserve by providing coverage for age-related medical expenses. It can help protect them from the high costs of hospitalization and treatment, easing the financial burden on you and your family.

When choosing a health insurance plan for your parents, consider factors like a shorter waiting period for pre-existing conditions, a high sum insured, annual health check-ups, low co-payments, and cashless treatment options. If your parents live abroad, you can still purchase a health insurance plan that covers them while they're in India.

Why Do Your Parents Need Health Insurance?

Protecting Your Parents' Health and Finances

As our parents age, they become more susceptible to a range of health issues. From joint pain and diabetes to cataracts and high blood pressure, these conditions can be costly and time-consuming to treat. Health insurance can offer valuable peace of mind by ensuring that your parents receive the necessary care without financial strain.

With rising healthcare costs, even a short hospital stay can be a significant burden. Health insurance can help alleviate this stress by providing cashless treatment at network hospitals. This means you can focus on your parents' well-being without worrying about the financial implications.

By having health insurance, you can ensure that your parents receive the best possible care, regardless of the cost. This means no compromises on quality, allowing them to access top-tier medical facilities and treatments.

Moreover, health insurance can protect your parents' retirement savings from being depleted by unexpected medical expenses. This helps them maintain their financial security and enjoy a comfortable retirement.

Best Health Insurance Plans for Parents

Health Insurance Plans for Parents	Entry Age	Sum Insured (in Rs)	Co-payment	Pre-Policy Medical Tests
Aditya Birla Activ Care Plan	Min: 55 years Max: 80 years	3 lakh to 25 lakh	10% under the Premier variant, 20% under Standard and Classic variants	Required
Bajaj Allianz Silver Health Plan	Min: 46 years Max: 80 years	50,000 to 10 lakh	10% under Plan B, 20% under Plan A for treatments availed at non-network hospitals	Required
Care Senior Health Advantage Plan	Min: 5 years Max: No limit	1 lakh to 3 crore	No co-payment	Required after 50 years
Cholamandalam Flexi Health Supreme Plan	Min: 18 years Max: 75 years	5 lakh to 5 crore	NA	Required
Digit Health Insurance Plan	Min: 18 years Max: No limit	2 lakh to 3 crore	10% for treatments availed at a higher zone category	May be required
Future Generali Varishta Bima	Min: 60 years Max: No limit	2 lakh to 10 lakh	50% on PED claims, 25% on non-PED claims	Required if the sum insured above Rs 5 lakh
HDFC ERGO Optima Senior Plan	Min: 60 years Max: No limit	2 lakh to 5 lakh	15% for shared accommodation in hospitals, 30% for single occupancy in hospitals	Required
IFFCO Tokio Individual Health Protector Plan	Min: 18 years Max: 65 years	50,000 to 20 lakh	No co-payment	Required after 45 years
Zurich Kotak (formerly known as Kotak Mahindra) Health Premier Plan	Min: 18 years Max: 65 years	2 lakh to 2 crore	10% or 20% for treatment availed at a higher zone category	Required
Liberty HealthPrime Connect Plan	Min: 18 years Max: 65 years	10 lakh to 1 crore	No co-payment	Required
Magma HDI OneHealth Senior Plan	Min: 56 years Max: 75 years	3 lakh to 25 lakh	30% on non-accidental claims	May be required
Manipal Cigna Prime Senior Plan	Min: 56 years Max: 75 years	3 lakh to 50 lakh	20%	Not required
National Senior Citizens Mediclaim Policy	Min: 60 years Max: 80 years	1 lakh to 10 lakh	No co-payment	Required
New India Assurance Sixty Plus Mediclaim Policy	Min: 60 years Max: 80 years	2 lakh to 5 lakh	10%	Required
Niva Bupa (Formerly known as Max Bupa) Senior First Plan	Min: 61 years Max: 75 years	5 lakh to 25 lakh	50% on all claims, 60% on taking a higher hospital room category	Not required
Oriental HOPE Insurance Plan	Min: 60 years Max: No limit	1 lakh to 5 lakh	20%	Required
Raheja QuBE Health Insurance Plan	Min: 18 years Max: 65 years	1 lakh to 50 lakh	20% for people above 60 years, except for the Super Saver plan	Required for people above 55 years and a sum insured of Rs 10 lakh & more
Reliance Health Gain Plan	Min: 18 years Max: 65 years (No limit for sum insured of Rs 3 lakh)	3 lakh to 1 crore	20% for people above 60 years	Required above 50 years
Royal Sundaram Lifeline Health Insurance Plan	Min: 18 years Max: No limit	2 lakh to 1.5 crore	20% on claims resulting from international treatment for critical illness	NA
SBI Super Health Insurance Plan	Min: 18 years Max: No limit	3 lakh to 2 crore	20%, 30% or 50% on OPD claims	Required
Star Senior Citizen Red Carpet Health Insurance Plan	Min: 60 years Max: 75 years	1 lakh to 25 lakh	30%	Not required
TATA AIG ElderCare Plan	Min: 61 years Max: 25 lakh	5 lakh to 25 lakh	20%	Required
United India Individual Health Insurance - Senior Citizen Policy	Min: 61 years Max: 80 years	2 lakh to 5 lakh	No co-payment	May be required
Universal Sompo Senior Citizen Health Insurance Plan	Min: 60 years Max: 70 years	1 lakh to 5 lakh	10% on hospitalization claims, 15% on day care treatments & 20% on PED claims	Required
Zuno (Formerly Edelweiss) Health Insurance Plan	Min: 18 years Max: 65 years (No limit under the Platinum variant)	1 lakh to 1 crore	20% for people above 60 years	Required after 50 years