Hi, I am looking for Health insurance recommendations for my grand parents. Kindly share your recommendations if you have bought any.
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Health Insurance for Grand Parents
- Thread starter Dragon_slayer
- Start date
- Replies 8
- Views 269
Pl do share age of Grand Parents, as many things got changed in Health Insurance as per Age and Company Policy,( for better solution )!!!
Age is 76
Last edited:
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The premium would be exorbitant irrespective of the company. If you would still like to know more, you can dm me.
It would be best to share the options here only, so others can benefit from this discussion
I meant to say that it all depends on pre existing conditions. Different companies have different exclusions. For example, in Niva Bupa, if a person has had cancer related operation before, they would be OK to cover everything else other than cancer. So cancer is permanently excluded. Some other companies like ICICI Lombard and HDFC Ergo are more stricter in under writing. So age is not the only factor here. If you can share more on PED then I can help you further. Since PED is a private matter, I was asking you to DM me for your specific case.
There's no PED in this case. The person is not taking any medicines ( except nutritional supplements )
Great to hear that. I pray that they have a long and healthy life.
Full disclosure: I am a Financial advisor and insurance advisor as well.
For your grandparents, assuming both are 76 years of age, a 10L policy with no room rent limit, single private room will have a premium of around 58K. I also advise taking on add on like claim protector which would cover all consumables which is usually not covered by any policy otherwise.
This 10L policy will also have a in built loyalty bonus which increases the sum assured by 20% every year.
As you are a credit card enthusiast, you can always bring down the 58k premium by even more than 10%+ through appropriate cards.
