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Top plans from HDFC ERGO that take care of your parent's healthcare needs

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Health insurance is one of the best financial tools available in this era to ensure healthy living. Much like everything else in life, health issues creep up on you without notice. Without financial backing, the costs of treatments or even diagnostics could cost thousands.

Financial planning is hampered when you have to pay huge sums of money from your pocket. When it comes to parents, it is especially difficult to remain objective because you can’t postpone their treatment. Their immune systems grow weaker with age. Thus, having a viable health insurance policy helps pay for unprecedented medical expenses to live a happy and healthy life.

Top plans from HDFC ERGO for parents’ healthcare

When it comes to choosing the right parent’s health insurance plan, HDFC ERGO has your back. Here are the top choices for health insurance policies from which you can choose the ideal plan for your family:

1. Optima Secure -

This is one of the best health insurance plans in the market. The coverage and benefits offer complete stress relief to you and your parents. The policy covers a wide range of medical services, including diagnostics, surgeries, pre and post-hospitalisation care and more.

In this day and age, no one is far from mental health issues. The Optima Secure plan helps your parents seek help for medical health as well. Not to mention, it offers recovery benefits, wherein if your parents are hospitalised for more than 10 days, the health insurance also aids in paying for other expenses.

There is a double-claim benefit that your parents can avail of from the day the policy is active. They can also restore their base coverage completely. Aside from that, after 2 years of employing the parent’s health insurance policy, you can also increase the coverage on their base plan. It is one of the ideal options available in the market to help protect your parents and their health on multiple fronts.

2. Optima Secure Global -

Another variation on the Optima Secure plan with even better benefits is the Optima Secure Global. It is perfect as a parent’s health insurance policy because you can choose a base plan of varying amounts ranging from INR 5 lacs to INR 2 crores.

You may wonder why you need coverage for 2 crores for an individual. Well, that’s because you can purchase the Optima Secure Global for varying tenure plans as well. You can choose 1 year, 2 years, or even a 3-year tenure plan. You need not worry about renewing your parent’s health insurance repeatedly. Instead, you pay the decided amount of premium for your preferred tenure and let them enjoy the benefits.

Another incredible aspect of the Optima Secure Global health insurance policy is that you don’t have to get it as an individual plan. If you choose to cover your entire family under a health insurance policy for INR 2 crores for 2 years, you can opt for the family floater plan. The wide range of coverage for diagnostics, treatment, and care helps secure your mind about any emergency that may present itself. Your parents can also have checkups done periodically to maintain optimum health, and it is a load off of your mind.

3. Top-up plans -

One of the best things about HDFC ERGO’s health insurance plans is that you can opt for additional top-up amounts. You will need a base plan from the above parent’s health insurance policies, and if the coverage seems inadequate, you can buy an additional top-up. These top-ups are like add-ons or riders, except they specifically only add extra balance to your health insurance plan.

Let’s say you have a base policy of INR 3-5 lacs under Optima Secure. However, you rightly anticipate that in cases of critical illnesses or severe emergencies, you will require more money than the base coverage. It will be a huge undertaking to pay the excessive amount from your pocket, so you keep a top-up plan handy.

When said medical emergencies arise or there is an inherent need to treat your parent’s critical illness, the base policy will cover part of the medical bills. You can pay for the remaining amount using part of your parent’s health insurance top-up plan. Keep in mind, though, that you need to have the top-up plans in place before the emergency arises. You can’t buy top-up plans after your base plan is utilised, such as a mobile phone top-up. You can anticipate the need and purchase them beforehand for an additional amount on your premium payments.

Conclusion

Remember, parents are not always senior citizens. Even your young parents in their 40s or 50s need proper health insurance coverage in order to maintain healthy living.

The parent’s health insurance plans listed above are suitable for all age groups. If you do not want to purchase an individual health insurance scheme, or the age bar prevents you from purchasing one for your parents, you can opt for family floater plans. These health insurance policies allow you to cover multiple individuals in your family under a single plan, thus making them easier to obtain and ensuring good health for the entire household.

FAQs

1. Why are there waiting periods with health insurance?

Health insurance immediately kicks in after your documentation is processed to ensure that whenever you face emergency medical situations, you can avail of treatment. However, chronic illnesses require treatments but the premium amount paid for a month or so is a big risk for the insurance provider to guarantee payouts for massive medical expenses.

Therefore, you can seek emergency medical care right away once your policy is active. However, for surgeries that are planned over time, there is a waiting period during which the insurance provider can verify that you make your premium payments, and their risk of aiding you seems completely warranted as you prove to be a trustworthy candidate.

2. Does smoking affect health insurance plans?

Yes, smoking can lead to various illnesses with age no bar. Therefore, smokers should opt for higher coverage. They should also look into add-ons for additional aid in cases of chronic diseases affecting their body over time.

3. Can I opt for an INR 1-2 crores top-up if I only have an INR 5 lacs health insurance policy?

Yes, if you have a sufficient base plan, then you can add a top-up coverage of any amount as allowed by your insurance provider. Based on the available health insurance plans and anticipated expenses, top-ups help increase your total sum insured radically.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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