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Cheapest medical insurance for senior citizens
- Thread starter sidmanraj
- Start date
The cheapest backup medical insurance I got for my parents was from my college alumni club (older IIT). I hope it will work like my office's insurance without any hassles (haven't had the chance to use it yet). You can check if your college has such a program.
Almuni Club with help of professors negotiated with Insurance companies the same way corporates do for employees.
As I said, my college’s alumni club and professors reached out to the insurance company and its intermediary to get a group plan.
Post that, they floated the plan to all the alumni’s to participate in. I got it through that initiative.
and who's the insurance provider?From Canara Bank
RAMESH BABU N
TF Legend
My take on this....
Do NOT go by cheap premium pricing.
READ and decide based on what your parents need and what these firms promise (and provide, in case of need).
Many times, they promise many features - but always tagged with multiple riders n exceptions.
Its painful n difficult to read, understand n analyze, compare n decide. But, the effort is worth doing once.
Result - when I had to get a Stent - 205000/- was paid by my private insurance firm n I had to pay 2500/- from my pocket. Both of us - Senior Citizens - have our own family floater health insurance policy - with additional optional chargeable features.
So, forget about cheap premium or 10L or 20L limits.
TAKE WHAT THEY EXACTLY NEED.
Insurance must come to your rescue in case of a problem - not with disallowances or with inconvenient financial worries.
Do NOT go by cheap premium pricing.
READ and decide based on what your parents need and what these firms promise (and provide, in case of need).
Many times, they promise many features - but always tagged with multiple riders n exceptions.
Its painful n difficult to read, understand n analyze, compare n decide. But, the effort is worth doing once.
Result - when I had to get a Stent - 205000/- was paid by my private insurance firm n I had to pay 2500/- from my pocket. Both of us - Senior Citizens - have our own family floater health insurance policy - with additional optional chargeable features.
So, forget about cheap premium or 10L or 20L limits.
TAKE WHAT THEY EXACTLY NEED.
Insurance must come to your rescue in case of a problem - not with disallowances or with inconvenient financial worries.
Canara Bank has a single plan across 2L/5L/10L and so on.
No idea about other banks
Just visit branch and talk to them
They give a chart detailing everything
Price was around 9k for 10L coverage for senior citizen
After covid hiked to 37K
Health Insurance | Medical & Accidental Plans |Canara Bank
Health Insurance Plan - Canara Bank provides critical illness & accidental insurance plans in India to provide best treatment to you & family. Buy health insurance policy online!
canarabank.com
Started with Apollo Munich now with Bajaj Allianz
Last edited:
Good or bad?
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