Trends For Health Insurance In India

As the age increases the choices for apt health insurance plans decreases. We can say that these two are indirectly proportional to each other. If you are somebody under the age of 50 you can find yourself plenty of choices facing difficulty while making a decision about which plan is better. But as soon as you cross that age or fall into the category of senior citizens the choices available earlier becomes limited. After the age of 60 it is highly unlikely you or anybody you know will be working. There are a few people who have a stable source of income after 60. But most of the senior citizens in India are either dependent on their pension or on their children. Getting a medical insurance for senior citizens in India is not only a necessity but is one of the best ways to enjoy your independence by being financially protected. You only need to pay an affordable premium once a year and avail its benefits whenever you are in need. Some of the medical insurance plans prevailing in th...

It is not news that medical aid is extremely expensive and is almost a privilege for people who are not that well-to-do. With age, our body becomes vulnerable to more medical problems and can be subjected to a lot of different illnesses. So it is very important to have a good health insurance in place, especially for the older people in our family, as it protects them from the unpredictability of health issues which comes with old age. They are in a vulnerable state of their lives and a bit more care than usual. However, there are many companies which administer health insurances for senior citizens in India, and picking one to suit your unique needs is of utmost importance. Let us explore some things one should keep in mind while looking for a health insurance in India. Security: When we speak of security associated with health insurance, we speak of both the financial as well as emotional security. Most of us work in a regular job and cannot stay with our parents at all times,...

With skyrocketing medical expenses, purchasing a health insurance plan for elderly citizens have become of vast importance. If a person is healthy, he can live a longer life. The importance of buying health insurance for parents increases as the old age is much vulnerable to catching diseases and frequent hospitalization. A person holds his/her love and respect for parents to show in the last age when their parents get retired, and partial responsibility for the parents’ expenses come on the children's shoulders. Why there is a need to purchase best health insurance plans for parents ? The source of income after the retirement gets limited. So, paying the medical bills can be troublesome for parents. Not all sectors of employment pay the pension post-retirement, so the parents depend on their children for most of the needs. Here are some of the things that you should consider before buying best health insurance plans for parents: Age Limit:- Different insurance companies ha...

India is a place where senior citizens are respected and worshipped. It’s not only in the sense youngsters offer and place as a matter of their pride, they’re exempted from doing heavy tasks and given privileges in many scenarios. Indian government frees them from specific taxes to help them stabilise in the last phase of their life. To eliminate them from being a victim of the financial crisis, the Indian government has launched many tax privileges to the old citizens. A person qualifies to be called a senior citizen if he crosses the age of 60. The constitution has reduced the previous age qualification of 65 years to 60 years by 2011. One who exceeds the age of 80 years become a participant of the very senior citizen. High Wage Exemption: As the age has been reduced by 5 years, senior citizens have been exempted from paying tax up to 3 lakhs of salary. It used to be 2.5 lakhs before, but additional 50k has been implemented in order to secure senior citizens from tax benefits....