Health insurance for parents
I am Swagath from Chennai.
I need some clarity on the Health insurance policy bought through a bank as a customer (Bank savings account customer)
Parents age - Father 58 and mother 49
Father has a fistula complaint and Mother has BP.
I am planning to take it through Citi union bank in Chennai which is tied up with Star health and most importantly it has a waiting period of only two years for any pre-existing condition and the premiums are cheaper compared to its regular policies. It really got me excited and wonder how come the premium is cheaper and the pre-existing waiting period is also lesser.
Request you to advise me of the pros and cons of buying through the bank.