India is facing an intense second wave of COVID-19. People are losing their lives, and a lot of are losing hope. In such a time, a lot of people today in particular the elderly demand hospitalization, oxygen help and ventilation help in extreme situations. This can dig a deep hole in the savings and occasionally even not be sufficient for the improved hospitalization charges.
In such a time, the very best present you can give your mother on this Mother’s Day is a complete well being insurance coverage policy that covers COVID-19 and has sufficient coverage in case of hospitalization. Along with this also verify that your mother is following all security protocols and is boosting her immunity nicely.
So, whilst obtaining a well being insurance coverage policy for your mother, right here are all are the points that you ought to verify for:
Lower Initial and Pre-current Waiting Periods: Every insurance coverage policy has two forms of waiting periods: an initial waiting period, which is the time immediately after you purchased the policy taken for your policy to get activated and a pre-current illness waiting period, which is the time period taken to cover hospitalization or therapy pertaining to any pre-current illnesses. Usually, the initial waiting period is 30 days for most policies. But today some insurers give policies with initial waiting periods as low as 7 to 15 days. This is useful since the policy can get started as quickly as probable immediately after it is purchased. Also, you ought to look for a policy that can give a reduced waiting period for pre-current and precise illnesses. Insurers do give a waiver or reduced waiting periods with an more premium. This will be useful to cover your mother against any such therapies.
Individual Comprehensive Health Policy: Usually couple of insurers cover parents with household floater policy.
But for the elderly it is often advisable to take an person well being insurance coverage policy. This will aid allocate the complete sum insured for your mother in case of several hospitalization or therapies. Also, some policies have precise positive aspects like home-hospitalization or extended pre/post-hospitalization expense covered, only for the elderly. Taking such a policy would be more relevant and beneficial for your mother rather of generating her a element of your household floater policy.
No age-based co-payment: A co-payment is generally a clause that states that a element of the claim has to be borne by the policy purchaser and the rest will be taken care of by the insurer. Some insurers levy a co-payment for senior citizens in exchange for a reduced premium, but it can leave you to spend a hefty quantity in the course of the claims in spite of obtaining a well being insurance coverage policy. Hence it is often superior to look for no age-based co-payment policies so that your well being insurer can cover you for the complete claim in the occasion of hospitalization or therapy.
Specific positive aspects tailored for the elderly: While obtaining a policy for your mother, you ought to look for some precise positive aspects that can be genuinely beneficial.
– OPD positive aspects, cover medical doctor visits, consultations, teleconsultations, and diagnostics.
– Sum Insured Refill, as the elderly could have probabilities to fall sick several occasions in one year and with this, the sum insured will not get exhausted.
– Home Care Treatment, to make certain that in case there are no beds obtainable, or the patient is not in a situation to move therapy at home can be covered.
– Annual Health Check-up, so that your mother can go via a thorough well being verify-up each year.
– Critical Illness Cover, so that vital illnesses like breast cancer, ovary cancer or cervical cancer, to name a couple of, which are widespread in girls can be covered.
Most importantly, prior to obtaining a policy also verify the network of cashless hospitals and the ease of claims with the insurer, as in a pandemic time, each are of utmost value. So, this Mother’s Day, let us make certain our mothers are wholesome and financially protected against any health-related emergency.
By, Sudha Reddy, Head, Health and Travel at Digit Insurance