RemoteIndian

Hello 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._

<@UR00G6TEJ> 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

<https://freefincal.com/suitable-health-insurance-policy/>

<https://freefincal.com/wp-content/uploads/2019/09/ebook-on-Health-Insurance_October2019.pdf>

<https://freefincal.com/selected-health-insurance-policy/>

<@UR00G6TEJ> 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. :slightly_smiling_face:

<@UQUNZR3MX> 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.

<@UUXSBTXLN> 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 :slightly_smiling_face: