HDFC ERGO Parents Health Insurance

With increasing age, parents need more medical attention. In order to provide them with the best medical treatment without worrying about medical costs, it is necessary to buy adequate health insurance coverage for parents. The insurance market is flooded with plans specifically designed for senior citizens covering both medical and hospital expenses. However, choosing one suitable plan from so many available options is not an easy task.

In this article, we will discuss HDFC ERGO Parents health insurance plans, which offer many beneficial features like annual health checkups, cashless treatments, etc.

There are a number of HDFC ERGO health insurance plans available for parents that you can consider as per your requirements.

Optima Secure -

This parents’ health insurance from HDFC ERGO offers 4 times coverage at the price of the sum insured you select. The special feature of the plan is that it does not have any capping on room rent and disease. The plan offers coverage starting from ₹ 5 lakhs to ₹ 2 crores with four benefits:

• Secure benefit - It doubles the health coverage when you buy the Optima Secure plan.

• Plus benefit - It increases the base cover by 50% in the first renewal and 100% in the second-year renewal.

• Restore benefit - It restores 100% of the base sum insured when your sum insured is exhausted due to illness or accidental - hospitalisation claim.

• Protect benefit - It covers a total of 68 listed non-medical expenses like consumables during hospitalisation. You can avail of these cashless with in-built coverage at no extra cost.

my:Health Suraksha -

• It is a simple health insurance cover that provides free health check-ups every year on renewal, the option to rebound the sum insured in case it gets exhausted, no room rent capping and cashless home healthcare. The plan offers sum insured options from ₹ 3 lakhs to ₹ 75 lakhs. The plan is available in three variants: Silver smart, Gold smart and Platinum smart, with lifelong renewability and lifetime entry.

Medisure Super Topup Plan -

• It provides additional health coverage along with your existing health plan. In case you don’t have an existing cover, you can still buy this plan. It is a simple way to provide sufficient health coverage at a low cost.

Optima Restore -

• The plan restores 100% of the sum insured after the first claim is made. It also increases the basic sum insured by 50% for every claim-free year. It covers preventive health check-ups upto ₹ 10,000 at the time of renewals. It also covers daily hospital expenses of upto ₹ 6000 per hospitalisation or upto ₹ 1000 per day.

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Following are the major inclusions or the coverage offered by the HDFC ERGO parents' health insurance plan.

• Hospitalisation expenses like nursing charges, room fees, ICU charges and all other expenses during hospitalisation for more than 1 day.
• Daycare treatments, including procedures which require less than 1 day of hospitalisation.
• Pre and Post-hospitalisation expenses are covered for 60 and 180 days, respectively.
• Treatment at home is also covered in case of non-availability of a hospital bed on approval of a doctor.
• Sum insured rebound recharges 100% of the sum insured on exhaustion.
• Organ donor expenses are also covered.
• Recovery benefit covers financial losses due to hospitalisation of more than 10 days.
• Hospitalisation expenses for alternate treatments such as AYUSH are also covered under the plans.
• On policy renewals free health check-up within 60 days is available.
• For every claim-free year, there is a 50% increase in the sum insured with lifelong renewability.
• Hospitalisation expenses for the treatment of a mental illness are also covered.

If you are wondering how to find the best health insurance coverage for parents, here are certain factors that you should look for while selecting a health insurance plan for parents.

• Adequate Cover - Parents require adequate health coverage due to recurring health issues in old age. The sum insured should be enough to cover multiple claims or hospitalisations in a year. Also, medical costs in metro cities are high so if you reside in a metro city, consider a sum insured amount sufficient as per the medical costs in your city.

• Benefits Offered - Check the benefits offered in the health insurance plan, as you may require comprehensive coverage for parents. Benefits like no sub-limits, no restriction on disease covered, restoration benefits etc., are very useful and necessary for parents' health coverage.

• Waiting Period - Always look for plans with the lowest waiting periods as medical emergencies come unannounced, and you might need health insurance coverage urgently. It is better to be prepared to deal with any medical situation.

• Co-payment - Co-payment in a health insurance plan is another important factor. It is the amount you will have to bear from your pocket. So go for the lowest co-pay options or check for the no co-payment clause. It may come at a slightly higher cost, but it is worth it.

• Coverage for pre-existing diseases - Check the coverage for pre-existing diseases in a plan and also the waiting period for the same because, in old age, certain diseases are quite common and having those covered will save you a lot of money.

• Tax Benefits - The premium you pay for a health insurance plan for your dependent parents is eligible for tax deductions upto ₹ 50,000 if either of them is more than 60 years of age.

With a network of more than 13000 hospitals and a claim settlement ratio of 97%, HDFC ERGO general insurance company offers the best health insurance plans for your parents with a range of unique features and benefits. Having your parents covered under a suitable health insurance plan will not only give you peace of mind but will also save your investments.