The older we grow, the more responsibilities fall into our plate. It’s an agonising experience for some, wishing for some semblance of Peter Pan to whisk them away! While fictional heroes are less likely to manifest in our lives, there are real-life superheroes that protect us from the dangers of the world. And, no matter how old you grow, they will continue to recount the countless diapers changed and nights spent comforting nightmares. Have you guessed their identities? We mean your parents and grandparents, of course!
These individuals made adult life seem enviable to those helpless childhood years. But, as the years go by, the roles seem to reverse. With each wrinkle and cracking joint, you take on the role of being their caretaker. Some senior citizens might resist this change as they struggle to reclaim their titles. However, there are ways to make this transition smoother without impeding their independent natures.
Regardless of the changing roles, it’s important to give them the same space of individuality they gave you. Before their health restricts their movements and autonomy, they might have checkboxes or wishlists to complete. For some senior citizens, it means pilgrimages and travels to long-dreamt destinations, and others might prefer a peaceful routine with minimal work.
While taking on the role of protector or provider, you might feel overwhelmed with worries about their fragile health. Especially when their retirement funds are still lacking. Fortunately, there are bite-sized insurance policies that cover such concerns. They can offer your parents and grandparents coverage against diseases and disorders, holiday mishaps, and more.
Must-Have Pocket Insurance & VAS for Senior Citizens
If your parents have health insurance, add another layer of security with pocket insurance and VAS. These small-ticket policies are comprehensive covers that offer a variety of benefits to its policyholder. Moreover, they’re reasonably priced but offer a hefty sum insured, in most cases! It’s the ideal way to go about insuring your loved ones for specific illnesses or incidents they’re susceptible to encountering.
1. Mediclaim Convalescence Insurance
As one grows older, one becomes prone to minor accidents. Ageing slows down their ability to naturally heal and recover from such scrapes. However, the mediclaim convalescence insurance ensures they receive immediate funds to finance urgent medical expenses. Under this policy, your ageing loved ones can avail coverage for hospitalisation charges, doctor’s fees, etc.
By paying a premium of ₹754, avail a sum insured of ₹50,000 as financial compensation. Moreover, policyholders can apply for reimbursement to claim expenses for medications required during the hospitalisation.
2. Accidental Burns and Scalds Insurance Cover
While ageing doesn’t make one clumsier, it does leave you vulnerable to incidents like cooking accidents, etc. To prevent older individuals from silently bearing the pains of such injuries, introduce them to the benefits of accidental burns and scalds insurance cover. This pocket insurance covers injuries caused by accidents cooking burns, housefires, fireworks, etc.
Policyholders can pay a nominal premium of ₹106 and get coverage up to ₹1 lakh. This amount can be used to cover all the medical expenditures incurred post-accident and during hospitalisation.
3. Accident Support Items Insurance Cover
Depending on the severity of the injuries suffered, individuals may require support items like wheelchairs, crutches, prosthetics, etc. With the rising costs of healthcare, these items could run up a hefty medical bill. Fortunately, the accident support items insurance cover takes care of them for the policyholder!
For a premium of ₹174, avail a sum insured of ₹50,000. The validity of the policy lasts for one year until the next renewal. During this period, policyholders can avail the coverage amount to purchase the necessary equipment or support items to recuperate from a major accident.
4. Motor Neuron Disorder Care
Certain health conditions are out of our control, like motor neuron disorders that render the patient dependent on their loved ones. Despite their children’s staunch dedication, finances could take a toll as they deal with the expenses of assistive devices to manage symptoms. In such cases, it’s best to purchase the motor neuron disorder care policy to avail of its financial assistance features.
Interested individuals can purchase the policy by paying a premium of ₹684 and receive coverage up to ₹3 lakhs. This pocket insurance will cover the expenses of ambulance trips, doctor’s fees, diagnostic tests, etc. However, there’s a 90-day waiting period before policyholders can avail the benefits and features of this insurance plan.
5. Rehabilitation Insurance Cover
After encountering an accident or undergoing a long and painful surgery, patients must experience a smooth rehabilitation process. It will allow them to fully recover from the toils of the illness or injuries and resume their daily routine. To ease their recovery, purchase the rehabilitation insurance cover beforehand. This cover has been curated to prevent the families of such individuals from experiencing financial strains.
Pay a budget-friendly premium of ₹179 to access financial assistance up to ₹5,000. The policy will cover customary charges like consultation fees, physiotherapy charges, etc.
So, the next time your aged parents or grandparents venture outdoors or work about at home, feel the relief of pocket insurance! They’re easy to purchase, require minimal documentation and cover a variety of illnesses and events. What are you waiting for? Gift your senior citizens the assurance of pocket insurance and VAS on Bajaj Markets today!