Buy Health Insurance For Parents In India

Health Insurance. Health insurance is an insurance plan that offers financial coverage for medical expenses when the policyholder is hospitalized. A health insurance plan covers the insured with multiple benefits such as cashless hospitalization, day-care facility etc. or provide coverage for reimbursement of the incurred expenses.. A health insurance plan helps you save tax upto Rupees 65,000. However, there’s lot more to beyond saving taxes. Get yourself a health insurance plan that helps you during critical times and helps in saving finances in the long run. You must also get a health insurance plan for your parents, spouse and kids to ensure complete financial security.. Mostly, health insurance policy in India do not cover medical emergencies on an overseas travel. The cost of medical expenses abroad is way too high as compared to any treatment or hospitalization expenses in India. In fact, covering overseas medical treatment is explicitly an exclusion when it comes to a health insurance policy in India.. What's more, the premium paid for health insurance also provides a tax benefit by reducing your taxable income and thereby your tax liability. Here are five crucial things to know about tax benefits of health insurance plans as per income tax laws for fiscal 2015-2016. Parents: The premium paid towards health insurance policies for your parents.

Myths about Senior Citizen Health Insurance: There are several myths surrounding health insurance for senior citizens. Even at this age, many people do not purchase health insurance for their parents or in case of a senior citizen, for themselves because of certain misconceptions.. Health insurance providers in India offer a wide range of health insurance policies to meet the varying needs of their customers. Choosing the right health insurance plan from an array of options can be a challenging task..

Buy today. The sooner you buy a health insurance, the better it is for your finances.“Plan your parents’ health insurance when they are still considered young parents. Increase in age pushes .... WHY SHOULD I BUY HEALTH INSURANCE? Health Insurance/Mediclaim provides protection against medical costs. A health insurance policy is a contract between an insurer and an individual /group in which the insurer agrees to provide specified health insurance cover at a particular premium.. The entry point for such health insurance plans for parents is usually 60 years and above. Like everything else, you can buy the best health insurance for your parents online. All you have to do is go online and compare the best health insurance plans for parents in India. Shortlist the ones that suit your parents’ medical needs..