Tips to buy Medical Insurance for your Parents
- Look for a
Specialist Mediclaim Advisor: - Look
for an advisor who specializes in Health Insurance services and provides
professional assistance at the time of claims. An advisor will also sound
you on the background of various insurers as well as provide you detailed
solutions.
- Renewal Ceasing
Age:- Look out for the Renewal Ceasing age in the Mediclaim policy. This is
the age, when the cover will stop and would not be renewed. For instance,
in case of Bajaj Silver Health, though it is a very good product, the
policy ceases renewals at the age of 70.
- No Medical
Checkup Options:- Generally, Medical checkups become mandatory for people
aged more than 45. There are medical insurance policies available, which
can provide covers from the age of 46 to the age of 69 years without
medical tests. In case Medical Checkups are not convenient, one can look
at these options.
- Declare current
Health history honestly:- Note, any misrepresentation or omission of
information in the proposal form regarding health of your parents can
result in cancellation of the policy and exposing your parents without a
Health Insurance cover. Please ensure all health facts are clearly
mentioned.