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How to Choose the Best Health Insurance for Parents

Published On Mar 02, 2023 10:00 AM By InsuranceDekho

Similar to what our parents did for us during our childhood, we try to make the old age of our parents a smooth one. One such approach to securing the golden years of our parents lives is to buy a health insurance plan. It is an insurance policy that will cover all the medical bills and treatment expenses of your parents, leading to peace and protection. 

Health insurance for parents is offered by many insurance companies in India. When choosing a health policy for your parents, you must take certain factors into account. In this article, we’ll walk you through the process of choosing the best health insurance for parents. Read on to find out. 

How to Choose the Best Health Insurance for Parents

Factors To Consider While Choosing a Health Insurance For Parents

Listed below are the factors that you should take into account to choose the best health insurance plan for parents. 

  • Coverage: People in old age are more vulnerable to diseases. Therefore, it is better to purchase a plan with a high sum assured. Though you may have to pay a high premium for a high coverage plan, it will keep your parents financially protected in case any medical emergency arises in the future. 
  • Co-payment Amount: Most senior citizen health insurance plans come with a co-payment clause. This means that the policyholders will have to pay a portion of the claim amount to the hospital. So, check the co-payment amount that you will have to pay if you claim an insurance policy. 
  • Super Top-up Plans: What if your parents want to claim their health insurance policy twice a year, but the sum assured is exhausted? The claim will be rejected and your parents will have to pay medical bills from their own pocket. So, to avoid such circumstances, make sure that you buy senior citizen health plans that provide flexibility to recharge the policy in between the policy year. 
  • Waiting Period: When choosing the best health insurance policy for parents, make sure you check the waiting period of the policy. It is a duration starting from the policy initiation in which the insurance company do not provide coverage. Therefore, make sure that you purchase the plan with a low waiting period. 
  • Network Hospital: Network hospitals are clinics, hospitals, and other medical institutions that are associated with the health insurance company. Make sure you locate the network hospitals that are nearby your residence. Therefore, if any medical emergency arises in the future, your parents could easily be taken to the hospital. 
  • Claim Settlement Process: A quick and seamless claim settlement process will provide you with peace and protection during medical emergencies. Therefore, make sure that you buy the health plan from a company that provides 24*7 claim support along with an easy process. 
  • Inclusions and Exclusions: One of the most important factors that you should consider when choosing the best health insurance for parents is to check what is covered and not covered in a health insurance policy. Make sure you choose the plan that provides maximum coverage at a low premium. 


In conclusion, a health insurance policy aims to provide financial protection against critical illnesses. But, choosing the right insurance plan is substantially important. Make sure you consider the above-listed factors when choosing the best health insurance plan for parents. You can visit InsuranceDekho to compare different senior citizen health insurance plans.

Also read: Health Insurance For New Born Baby


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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