Can I Buy Health Insurance For My Parents? | 2023 | CA Rachana Ranade

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What is covered?
00:00 – Introduction
00:47 – Practical example with various scenarios
02:20 – Are Pre-existing conditions covered?
03:53 – What is the Co-payment clause?
05:28 – How can I buy a right policy for my parents?
06:34 – Insurance cover for parents by employers
07:57 – Are there additional points that need to be checked?
10:18 – Conclusion

In this video, I have discussed in detail about the factors that we should consider while buying insurance for elderly citizens / parents. There are many questions that come to our mind such as whether our parents will get a health insurance or not, what all clauses will be added to the policy, will pre-existing diseases be covered, can there be cashless treatment or not, what is co-payment etc. We will see answers to such questions in detail.

#RachanaRanade #ShareMarket #Healthinsurance

[mamtalele]

Two points to know:
1. Corporate insurance will not cover one parent and one parent-in-law
This was my need
I needed cover for my mum (my father is no more) and my FIL which could not be accommodated.
Corporate benefits end the minute you leave the job.
2. There are medical insurances where the sum insured gets renewed once a claim is done. So at all times u remain insured. In other types once a claim is made u are insured only for the remaining amount. Check that before selecting a policy

[meghadani]

I always appreciate the way you present such complex matters with sooo much of ease ..you really rock

[nitinkaushik]

Thanks a lot Rachna Mam for educating and guiding us for such a complicated subject like insurance n all.

[jayeshbrahmane]

Superb content! I'm surprised I didn't come across your channel earlier, keep it up!

[gedelasasibhushanarao]

You are outstanding in simplifying understanding of the subject

[vishaldsouza]

I had corporate policy coverage for my mother without any waiting period and i used port option and converted that to a personal policy while quitting that organisation since my new employer was not covering parents. So all benefits continued.

[Aarun]

Hi Madam, Great to See the video I was thinking to take external policy to my parents this brought glad to me and good guideness... Much

[rajendrakumaar]

Govt should make Insurance Cos to do certain % of business covering Health Insurance of Senior Citizens and also introduce portability in Health Insurance.

[nischalreddy]

Very valuable information Rachana.Thanks.

[damodarannarayanaswamy]

I opted for my companies parental insurance policy, 3 years before, where, intially, i used pay only 18000 per annum, .., now it is changed from 2023, to 32000 per annum, without intimation or calling they deducted, after asking they are saying as per policy it will be automatically, when i called the company insurance policy they are saying due to age factor of parents it will change

[dipankarnath]

Please do a video on BCG shares which was bought & sold by investors on 5th & 6th December, which is still not delivered, and affecting 15000+ retail investors with no resolution so far.

[lazyboytechnology]

Hi Rachana, My father is 71 and my mother is 67 yrs of age father had suffered a stroke and my mother from cushing syndrome all recovered but under medications for the past 10 yrs is there a possibility of a medical insurance ??

[tamilselvan-pnop]

Very nice and clear presentation and information .. Keep it up😊

[nilajbanerjee]

Mam please make a video about defence personnel who are already covered by military hospitals but due to their being located at far off places it does not become feasible for getting treatment. Should military personnel get additionally get covered with a term life plan? Are their any special benefits that companies are offering to us?

[sandyortn]

Hi Rachana, could you provide honest feedback on the quality of ACKO health insurance? It's attractively priced, offers extensive hospital coverage, and operates without intermediaries.

[prawinpawan]

Thank you ma'am for the information 🙏

[Nukie]

How to split a existing health insurance policy for parents... as premium charging based on their age.. my parents comes on a different age group with 10 years gap. Wants to know how to split and take a super top up individually.

[dineshchainani]

Hi Rachna Mam. Is it possible to cover parents in a single policy apart from corporate plans? I am married and doing a business. Please help with this.

[jafir]

plzz post full video mam..thank you so much😍😍

[manpreetkaur-xdft]

Please make video to suggest best insurance policy for parents and other things to keep in mind while buying policy?