Save tax up to ₹75,000~ u/s 80D
Save tax up to ₹75,000~ u/s 80D
As people age, their healthcare requirements become more demanding. Choosing the right health insurance plan for parents is really important because their medical needs tend to grow over time. It’s best to choose a comprehensive coverage that protects them from unforeseen medical costs and provides access to quality care.
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Health insurance for parents is a specialised insurance policy that provides coverage for medical expenses for senior citizens, generally parents. It provides an economic shield against hospital bills, surgeries, and critical illnesses, ensuring your parents receive convenient, high-quality healthcare without burdening family savings.
Parental insurance plans usually include features tailored to the individual health needs of older adults, such as coverage for pre-existing conditions, cashless treatment, and lifelong renewability. In India, where healthcare costs are rising rapidly, this insurance serves as a safety net for families.
As our parents grow, they become prone to health problems. In India, medical care is costly, and treatments for common conditions, such as diabetes, heart disease, or joint issues, can cost lakhs. That's why reliable health insurance for parents in India is essential. Here's why it matters:
Here is the list of people who must plan to purchase a mediclaim policy for parents before it’s too late:
Whether you are salaried or self-employed, the right health insurance for senior citizens gives you peace of mind knowing that your healthcare needs are covered.
You can choose the best health insurance for your parents, depending on their specific healthcare and insurance needs. Here are some types of health insurance for parents:
This is a separate medical policy for parents or individuals with a severe medical condition.
This policy covers the entire family under a single insured sum. The total coverage amount is shared by all members, including parents.
The best health insurance policies for parents, covering age-related illnesses and offering benefits like annual health check-ups.
This type is affordable and provides a higher sum insured, eliminating the need for a separate mediclaim policy for parents to ensure sufficient coverage.
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Ideal for families looking for capless coverage
Health insurance for elderly with no pre-policy checkup.
A specialised parental insurance policy offers targeted benefits for older adults and their medical needs. These enclose:
Note: Tax benefits apply only under the old regime. If you file under the new regime, you won't be eligible for this benefit.
The insurance industry offers several plans for parents, but what makes the medical insurance for parents in India stand out? Look for some of these features:
Plans that include flexibility, critical illness coverage, and preventive health check-ups are generally regarded as the best medical insurance options for parents.
Care Health Insurance offers plans for parents designed to keep them prepared for any medical emergency. Family and parental health coverage often includes many inclusions and exclusions, as well as specific conditions and scenarios that won't be covered. Below are common exclusions usually not included in parental insurance policies:
Note: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.
Rising medical costs can unexpectedly strain families, especially for parents’ healthcare. Care Health Insurance offers add-on benefits for better protection and peace of mind. Here are optional benefits to enhance your parents' coverage.
Note: The plan's features, coverage, and claim underwriting are governed by the policy's terms and conditions. Please review the brochure, sales prospectus, and policy documents thoroughly.
The Health Insurance for Parents policy usually starts at 7 lacs with Care Health Insurance and may go higher depending on individual needs. However, several other factors determine the premium for parental policy, including:
The cost of your policy depends on three main factors affecting the premium. Here are these:
Here is the eligibility requirement when buying health insurance for parents from Care Health Insurance:
| Criteria | Eligibility |
|---|---|
| Minimum Entry Age | 61 years |
| Lifelong Renewability | 99 years |
| Initial Waiting Period | 30 days |
| Pre-existing Waiting Period | 36 months |
Here is the list of documents to be submitted when purchasing a mediclaim policy for parents:
22100+
Cashless Health Care Provider^^
74.5 Lakh
Insurance Claim Settled**
96.95%
Claim Settled
15 Crore +
Live Covered since Inspection
24*7
Claim Support
When picking the best health insurance policy, don’t forget to keep these pointers in mind:
You can renew health insurance for parents online by following these steps:
Buying health insurance for parents online makes the process much easier and more transparent, allowing you to make well-informed decisions right from the comfort of your own home. Here’s how choosing to buy online can really benefit you:
You can file a claim for a parent's health insurance policy in two ways: a cashless claim or a reimbursement claim.
| Cashless Claim Process | Reimbursement Claim Process |
|---|---|
| Step 1: Select a network hospital for cashless medical treatment | Step 1: Complete the reimbursement claim form and attach all required documents. |
| Step 2: In the next step, fill out and submit the pre-authorisation form at the hospital TPA desk, along with the patient's ID proof. | Step 2: Submit the form to us and share the necessary documents. |
| Step 3: The hospital will send the documents further to the insurer. | Step 3: The claim management team may raise the query. |
| Step 4: The claim management team will verify the documents and might raise a query if needed. | Step 4: Once they verify the documents, you will get an approval letter from the claim management team. |
| Step 5: At last, the claim management team will share an approval letter. | Step 5: After approval, the hospitalisation expenses will be reimbursed to the sum insured. |
Look for hospitals around you
Most insurers offer family floater health insurance plans, especially designed to incorporate multiple family members, such as both parents under a single policy. A family floater plan pools the sum insured for all insured members, enabling flexible coverage amount usage between both parents as required.
Many insurers offer specialised health insurance for parents tailored to their needs. These plans provide coverage for hospitalisation, pre-existing conditions, and other age-related health problems. One of the best options is Care Health Insurance products, customised to meet user requirements.
Most insurers incorporate several network hospitals for parents under their health insurance plans. Care Health Insurance is known to be one of the best insurers, as it includes more than 11,500+ network hospitals and 21,700+ healthcare providers across India.
Getting the best medical insurance for parents in India now takes only a few clicks. You can contact us at Care Health Insurance via the phone number on the website, and our health experts will assist with the overall digital buying process.
Including senior citizen parents in a family floater plan is not advisable. This is because the premium in family floater policies, as well as the renewability, is based on the age of the eldest family member. So, covering a senior citizen parent in a family floater plan will result in higher premium costs.
Yes, you can get mediclaim for parents by opting for individual health coverage that will provide adequate coverage and protection against medical expenses. CHI offers customised health coverage, Care Freedom, for those with diabetes/hypertension.
No pre-policy medical check-ups are required to choose a medical policy for senior citizen parents. However, the underwriter may recommend a pre-medical check-up in some cases.
Yes, the premium paid towards health insurance for parents is eligible for tax deduction under section 80D.
There is no maximum entry age for parents to get health insurance. It provides a lifelong renewability option, and coverage can be continuous through regular policy renewal.
Yes, you can get your father's senior citizen health plan even if he is 67. This plan is specifically for people over 60.
A pre-existing condition is any medical condition or injury a person has before a new health insurance plan commences.
Yes, there are various health insurance options for seniors with PEDs. You can purchase health insurance for parents, although the premiums might be slightly higher.
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**Number of Claims Settled as of Dec 2024
^^Number of Cashless Healthcare Providers till Feb 2025
^10% discount is applicable for a 3-year policy
*Premium calculated for an individual (Age 61) for sum insured 5 Lakhs in Zone 2 cities.
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