Tips To Choose Best Mediclaim Policy For Your Parents | Bharti AXA GI

Car Insurance

Bharti AXA provides a comprehensive cover for your car,so you can drive hassle-free.

Two Wheeler Insurance

Ride worry-free, with Bharti AXA two wheeler insurance plan. 

Health Insurance

Safeguard the health of your loved ones with a wide range of Bharti AXA health insurance plans.

Travel Insurance

Secure your joyous family trips with Bharti AXA international travel insurance cover.

Bharti AXA Home Insurance

Bharti AXA Home Insurance

Bharti AXA SME Package Insurance

Bharti AXA SME Package Insurance

Bharti AXA Commercial Lines Insurance

Bharti AXA Commercial Lines Insurance

Bharti AXA Commercial Vehicles Insurance

Bharti AXA Commercial Vehicles Insurance

Bharti AXA Motor Third Party Insurance - Commercial

Bharti AXA Motor Third Party Insurance - Commercial

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Bharti AXA Car Insurance

Renew your Bharti AXA car insurance to enjoy your non-stop drive.

Bharti AXA Two Wheeler Insurance

Renew your Bharti AXA Two Wheeler Insurance to continue your worry-free rides.

Bharti AXA Health Insurance

Renew your Bharti AXA Health Insurance and continue to safeguard the health of your loved ones.

Register Claim

Track Claim

BLOGS

FAQS

About Bharti AXA

Branch Locator

Cashless Garages

Cashless Hospitals

Careers

Contact Us

Become A Partner

Become A Partner

Products

Car Insurance

Two-Wheeler Insurance

Travel Insurance

Health Insurance

Motor Third Party Liability

Commercial Vehicle

Commercial Lines Insurance

Bharti AXA SME Package

Home Insurance

Pradhan Mantri Fasal Bima Yojana(PMFBY)

Arogya Sanjeevani

List of products

List of withdrawn Products

Car Insurance

Comprehensive Car Insurance

New Car Insurance Policy

IDV in Car insurance

No Claim Bonus in Car Insurance

Bumper to Bumper Car Insurance

Bike Insurance

Comprehensive Two Wheeler Insurance

IDV in Bike Insurance

No Claim Bonus in Bike Insurance

Bike Insurance Quote

Travel Insurance

Travel Insurance Coverage

Benefits of Travel Insurance

Travel Health Insurance

Travel Insurance Quote

Health Insurance

Cashless Health Insurance

Knowledge Centre

Blog

Infographics

Videos

Travel Guide

Visa Guide

Road Trip

Insurance Glossary

Health & Fitness Guide

Food & Cuisine Guide

RTO Guide

Driving License Guide

Car Manufacturer

Two-Wheeler Manufacturer

Travel Destination

Bharti AXA & YOU

About Us

Careers

Contact Us

Cashless Garages

Cashless Hospitals

Branch Locator

Grievances

Investor Relation Information

Resources

Public Disclosure

Knowledge Centre

Download Center

Media Center

Consumer Education

Electronic Insurance Account

Update IRCTC Nominee

Unclaimed Amount

Sitemap

Notice Of General Meetings

Service Parameters

Suspended Agents

Whistleblower policy

Become A Partner

About Group

AXA Group

Bharti Enterprises

Bharti AXA Life Insurance

Download My Airtel App

Legal

Privacy Policy

Terms of Use

Fraud Risk Management Policy

Equal Opportunity Policy

[object Object]
[object Object]
Car

Car Insurance

Two-wheeler

Two-wheeler Insurance

Health

Health Insurance

Travel

Travel Insurance

Disclaimer : The information published on this website is for the public′ s reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel,services, or any other items mentioned on this subject for any purpose whatsoever.
Explore Our Products
130+ COUNTRY WIDE PRESENCE
COVERS ALL TRAVELS RELATED DISASTERS
FLEXIBLE PLANS FOR YOUR NEEDS
24/7 ASSISTANCE WORLDWIDE
Most Recent Blogs
blogs/

HealthInsurance

Things that are Not Covered under Health Insurance

18th Jul,2020

blogs/

TwoWheelerInsurance

List Of Non-Gear Bikes You Could Buy On A Friendly Budgeta

13th Jul,2020

blogs/

CarInsurance

Here Is A List Of Documents You Have To Keep In Your Car At All Times

07th Jul,2020

blogs/

TravelInsurance

Are Adventure Activities Covered in your Travel Insurance Plan?

09th Jun,2020

null/

Tips To Choose Best Mediclaim Policy For Your Parents

Picking the right Mediclaim policy is as important as getting a policy at all. This is even more true for senior citizens, as they may have ongoing medical expenses. The great number of policies available in the market may make it challenging to select the best one for your parents. Let us assure you it is not that difficult a task once you know what to look for. Here are a few tips to help you pick the Mediclaim policy for your parents.

  • Buy a health insurance plan today

One should buy health insurance plan as early as possible. IRDAI mandates that all health insurance policies offer lifelong renewal. The next best time is today. As the age, the options available to them get severely limited. The other advantage of getting a health insurance policy early is that the waiting period on pre-existing illnesses may not have a significant impact on the coverage.

  • Get the highest possible coverage

Different insurers provide different level of coverage. You should compare various policies and choose one with maximum coverage and minimum exclusion. Also, consider specific treatments and surgeries your parents may need, and ensure those are included in the coverage without a long waiting period. Remember, that a slightly higher premium today will let you access the best healthcare for your parents, when the need arises.

  • Cover for pre-existing ailments

There is a high probability that your parents have pre-existing ailments. Be honest about these when applying for an insurance cover. Most insurers have a waiting period for pre-existing conditions. This could range from 1 year to 4 years. Ideally, you should choose the policy with the minimum waiting period. In fact, some policies designed for senior citizens cover pre-existing illnesses from day 1. But such policies could be forbiddingly costly for some. A way out is to select a policy that has different waiting periods for different pre-existing illnesses. With such policies, you could choose to get coverage for the most critical expenses earlier than other.

  • Co-payment options

Almost all health insurance plans for senior citizens has a co-payment clause. Co-pay means that a part of the health expenses will have to be borne by the insured, regardless of the class of expense. Look for policies that have a low co-pay ratio instead of policies that have a high co-pay ratio just to reduce the premiums. Remember that paying a little more in premiums today could save a lot more in time of an emergency.

  • Claim settlement process

Make sure that the policy you have selected offers a cashless settlement. This facility is only available in hospitals that have tied up with the insurer. Therefore, check that sufficient network hospitals are present in the area your parents live in. It is also important to check that the hospital that your parents go for regular treatment is part of the network hospitals the insurer provides cashless settlement at.