I want to purchase senior citizen health insurance plan for my mom (55 years) and dad (60 years). Please tell me which plan is the best for them.
-Debabrata Das
Since one of your parent is a senior citizen you should compare family floater (that includes both parents) with two individual policies and choose the best option.
Some insurance companies have designed policies to cater to the needs of senior citizens. These policies typically cover both hospitalisation and domiciliary hospitalisation (critical ailments wherein the patient is bedridden but not hospitalised for certain reasons).The premiums will also be on the higher side for senior citizen plans.
While choosing any health plan, the first thing to ensure is that the health insurance policy provides adequate coverage and the premium is within your budget. You should also check the clause dealing with pre-existing diseases. The waiting period for covering pre-existing diseases differs from one insurer to another and it ranges from two to four years. Give preference to policies that have a lower waiting period. Also remember that most health policies will not reimburse you for any treatment undergone within 30 days of buying the policy. Most health insurance companies offer both cashless (insurer reimburses the hospital directly) as well as reimbursement facility. It is better to go for the cashless facility as it helps you from the trouble of arranging funds to pay the hospital bills. It also involves less paperwork and hassle than the reimbursement facility. Check the network of hospitals in your city where the cashless facility is available. You should check whether a hospital empanelled with the insurer is situated near your residence.
You can explore the following policies which has good rating and claim settlement ratio (compare both individual and family floater options):
1. MAXBUPA Health Companion
2. Apollo Munich Health Optima Restore
3. ICICI Lombard General CHI
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
