ACHA ADVICE. SACHA ADVISOR
back arrow Back

Parents insurance query

reply Share
05 Mar, 2022 by  Suvneet

Have a senior citizen parents policy - Royal Sun from last 20+years. premium now 40k for each with a cover of 2+1 lacs. Is is worth paying so much premium this year. bTW - have them covered under corporate family floater of 6 lacs . View appreciated?

like like
0
Parents-Health-Insurance

1 Answer

Post
10 Mar, 2022
connect with advisor

Hi Suvneet,

I appreciate you for having a Health Insurance plan for your parents according to age the premium increases but for 2+1 lakh Sum Assured paying 40k is not worth paying.


Coverage is very less I would suggest to enhance the total sum assured to 20 lakhs or 25 lakhs premium comes to 65k ( Considered 70yrs as age )


Corporate family floater is a temporary solution because of following reasons:

1. Change of job or leaving of Job

2. Same plan might not be continued by the corporate

3. Limited coverage

4. Limited Benefits


I hope I had answered your query.




like like
0
icon-comment 0 Comments
icon-reply Reply

Tired of dealing with call centers!

Get a professional advisor for life!

Rs. 1799

LIFETIME FREE

Limited Period Offer

or

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2022 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂