What is a good Policy for my parents ? Asked by Dr Sagar Bhargava

Hi ! This is Dr Sagar. My parents wish buy a Health Insurance Policy for themselves. My mother has no preexisting illness and her age is 54. My father has undergone a Bypass Surgery and is 57 yrs. Can u guide us as to which policy will cover them both for next 15 years. Thanks. Dr Sagar Bhargava.

Dear Dr Sagar :

Thanks for your mail and query. We will be glad to guide you to the best Health Policy for your parents.

Fortunately, both of them are in good age to pick the right policy but is should be bought on a yesterday basis as their age is getting into High Risk Age Zone (HRAZ). Your dad my encounter some problem as Insurance Companies don’t cover Pre-Existing disease for at least 2-4 yrs. Insurance companies are not charitable organizations, hence they are very selective in picking a risk (read providing Insurance cover) from an individual or a family. They are still lenient to cover a bad risk when it comes to Group Insurance because premium is high and Insurance works on the principle of large numbers .

I would recommend the following Insurance companies in the preference order.

1. Apollo DKV
2. Star Health
3. Reliance Health-wise
4. Bajaj Allianz Family Floater
5. ICICI Lombard
6. Govt. Insurance companies

I am sure, you could see them at www.InsuranceMall.in (Click & Buy at Health Insurance Options).

My colleague Mr Mahavir Chopra has written number of articles on Health Insurance. You could read them on our Insurance Blog. Quick link – https://www.insurancemall.in/blog/

Good Luck Dr Sagar. Take your choice. Buy do encourage your parents take Insurance with Critical Care ASAP.

Buy Insurance and Stay Safe.

Cheers !!!

Manish Jaiswal

for www.NewsandReviews.in

Link - http://www.buynowindia.com/newsandreviews/index.php/insurance/