What Are The 5 Facts About Parent Health Insurance?

We hate to see our parents grow old but can do very little about it. With old age comes several health concerns like low immunity, weaker bones, and muscles, higher risk of heart problems, etc. It is best to have parent health insurance in place to plan and cover the finances in case of a medical emergency

Medical insurance plans for your parents can cover severe ailments and critical illnesses, helping you save a lot on the expense of these high-cost treatments. Additionally, it also provides tax exemptions to a specific limit per Sec 80D of the Income Tax Act. Health insurance for your elderly parents can be availed if they are 60 years of age or above.

The cover can be availed online. You can compare parents health insurance with the various medical insurance available for parents and choose one that suits your parent’s needs.

Features and Benefits of Parents Health Insurance Plan

- Pre-existing diseases can be covered after a certain waiting period. Every insurer has its waiting period to provide this cover, ranging from anything from a year to four years.

- Any form of cosmetic surgeries, non-allopathic treatments are not covered under the plan.

- Any costs incurred due to self-inflicted injuries are excluded in the cover.

- You get a cover for pre-and-post hospitalization expenses along with covering for the in-hospitalization costs.

Several insurers may offer-Cashless transactions benefit.

- Free Medical checkups are included in your plan to help you keep a regular check on your parent’s health.

- Cost of emergency transport or ambulance is covered.

You can know more about parent health insurance cover by visiting Bajaj Finserv’s website that offers various health insurance plans at affordable premiums and high coverage.

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