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thankful-tailor-43626
03/04/2020, 1:05 PMHello everyone, looking for some tips on buying health insurance for my parents. I put up a request on ET Money and they suggested me HDFC Ergo and Star. Religare is also an option. Has anyone gone through this process in the past? What are things that I should keep in mind before I go ahead with this?
I have a personal preference for HDFC because of a mandatory health check up process before granting the insurance and their acquisition of Apollo Munich.
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purple-animal-84963
03/04/2020, 1:18 PM@thankful-tailor-43626 what is the age of your parents and do they have any pre-existing diseases? Also, how much of a cover are you looking for?
I spent some time looking at health insurance for my parents and it was just too prohibitively expensive for them, plus a lot was not being covered or had waiting periods due to pre-existing conditions
In the end I did not choose it for them, because they are a little secured both on the financial and health insurance side. However I do recommend having a look at the links below if you want to make a more informed decision
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refined-psychiatrist-35519
03/05/2020, 8:44 AM@thankful-tailor-43626 I had the same confusion and I just finalized ICICI Complete Health Plan.
Pros:
• complete cover - gloves, implant everything is covered.
• No cap on room rent
Cons:
• bit pricey as it's going to cover everything
• has a waiting period of 2 year if they do not have an existing med insurance(which I guess is with every provider)
All my relationships have been with ICICI and I've never had a problem and your mileage may vary. 🙂
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thankful-tailor-43626
03/09/2020, 3:27 PM@purple-animal-84963 Thanks for these and the links, the guy covers basic things and explains them really well- cleared out a lot of misconceptions I had! They are in their early 50s right now, with a couple of existing diseases (nothing major) but better to be safe.
@refined-psychiatrist-35519 Thanks Ankit, I’m now considering between HDFC and ICICI, the later is definitely a bit expensive as you rightly mentioned but overall it seems like a better investment. Found waiting period of 3-4 years in some policies so will avoid those. Really appreciate you sharing your inputs 🙂
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