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Our present lives are the result of numerous sacrifices made and hardships borne by our parents. As we strive to focus on being successful in our careers and professions, we often forget that our parents are inching closer to old age. With age catching up inevitably, it becomes more important than ever for them to be medically insured. Health care costs are increasing exponentially in India and soon a heart surgery that costs Rs. 4.5 Lakh today will cost about Rs. 11 Lakh in the next few years.
While the prospect of our parents developing ailments and getting ill is too depressing a thing to think about, it is important to be prepared for health contingencies. No matter how healthy your parents might be, health problems are likely to surface with their advancing age. At Finserv MARKETS, we have Health Insurance plans for senior citizens, giving you an opportunity to make your parent’s lives more peaceful and safer. In their old age, they may require medical attention and the additional expenses can topple your (or their) finances. If you haven’t taken up healthy Insurance yet, here are some points that will help change your mind:-
Healthcare Coverage
The Health Insurance policies at Finserv MARKETS cover the entire spectrum of your parent’s healthcare expenses such as hospitalization, pre- and post-hospitalization expenses, day care treatments and ambulance charges. By providing Health Insurance for your parents, you will help them lead a dignified life, for a fairly small yearly expense.
Coverage Against Pre-Existing Conditions
If your parents are already suffering from Pre Existing Disease such as diabetes, hypertension, heart problems etc. getting them medically insured is the need of the hour. A Health Insurance policy will provide coverage against pre-existing diseases as well. However, you may have to pay a higher premium in such cases.
Protection from Rising Healthcare Costs
As mentioned earlier, healthcare costs are rapidly increasing due to inflation and various other reasons. Getting Health Insurance for parents will ensure that they can get timely medical attention, whenever they need it, without any financial distress.
Tax Benefits
If you pay Health Insurance premium for your parents who are senior citizens, you can avail health insurance tax benefits of Rs. 30,000, apart from the regular tax benefit of Rs. 25,000 for Health Insurance. That makes for a total tax benefit of Rs. 55,000 every year. So it’s safe to say that the policy practically pays for itself.
Clearly, getting a policy for your parents offers plenty of benefits without any downsides. If your parents aren’t medically insured yet, you must consider buying a policy for them as soon as possible. As responsible and loving children, it’s the least we can do for them. At Finserv MARKETS, we have plans with a wide coverage at affordable premiums. Buy a Health Insurance policy online and get your parents insured today!
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