Super top up for parents:
Hi All,
My parents are senior citizens (age 62 & 64yr). They have medical insurance of 4 lakh each from new India insurance. I am planning for super top-up health insurance for them with a limit of 15 lakh. They currently stay in Nasik, Maharashtra.
My mom had cholesterol & is pre-diabetic. Dad has high BP.
I did some study on the internet & found Bajaj Allianz has the shortest waiting period for 'PED'. Also good reviews about HDFC ergo and Max Bupa.
I need some recommendations from this forum to choose a reliable insurer even if the annual premium may be a bit high.
Thank you in advance.
Regards,
Dhanush
Hey Dhanush,
It's a good decision to upgrade your parents' health insurance.
Just a heads up - based on the age and pre-existing conditions both your parents have - you are likely to face some hurdles when buying the super topup - a medical checkup is the easiest of them. You may have to try multiple insurance companies before one of them accepts your case without any additional conditions - or you may get lucky.
With regards to recommendations here's our take on what you should be doing?
- Ensure you upgrade your base policy to at least 10 Lakhs. This policy being from New India, there is a chance of a Room Rent Limit in this policy. Also, ensure you opt for "No Proportionate Deduction" Rider available in their policies - this ensures you do not have massive deductions in future claims just in case you have to opt for a room above the room rent limit. Having an adequate cover in your base policy will ensure you do not have to use your super topup - which is essentially a backup/extension too often in the near future.
- Take a Super Topup over this 10 Lakhs sum insured - Ensure this topup does not have any financial limits, including room rent Limits or category capping (Private Room type) . Ensure it is bought in the same month when you are renewing your base health insurance from New India. More details in this article we posted yesterday: 6 Important tips to buy the best Super Top-up Health Insurance (beshak.org)
- Apart from the brands you mentioned, you must also explore Star Health, Care Health Insurance, ICICI Lombard We are not recommending specific brands as yet.
Hello there, pl. suggest