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Health Insurance

Health Insurance for Parents

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Personal health insurance for you

Comprehensive cover for all

Coverage Highlights

Key benefits
  • Cashless Treatment

The parents may also avail of the benefit of cashless health insurance in case they visit a network hospital to avail of the treatment. The insured just need to inform the insurance desk in the network hospital. The medical bills will be directly settled between the hospital and the insurance company. Having suitable medical insurance for parents ensures access to the cashless facility at over 800

  • Customize as Per Needs

The health requirements of every individual are different. Likewise, when it comes to parents their health condition also differs. Now you can opt for a mediclaim policy for parents and customize the plan as per the varying needs.

  • Hassle-free Claim Settlement

Our in-house claim settlement team ensures a quick, convenient and easy claim settlement process.

  • Tax Benefits

Under Section 80D of the Income Tax Act, the health insurance premium that is paid to parents is eligible for tax deductions. So, in case you are paying the premium for yourself and your parents who are below 60 years then the tax benefit limit upon the premium is Rs 50, 000. If the parents are 60 years of age and above, then the limit is extended up to Rs 75,000.

  • Know the Inclusions

Before you zero down any mediclaim policy, it becomes imperative to know the coverages offered under it. When you buy health insurance for parents online you can easily compare the features and benefits offered and make a decision. While buying a plan ensure that you look forward to coverages for daycare, critical illness, etc. The needs of every parent will differ at every stage of life. Hence, b

Key Inclusions

What’s covered?
  • Hospitalization Expenses

Any expense incurred wherein the patient is hospitalized for a minimum of 24 hours consecutively except for certain procedures or treatments. A cover will not be provided if the admission is less than 24 hours.

  • Pre Hospitalization Expenses

A cover is provided for the medical costs incurred during the pre-defined number of days preceding the hospitalization of the person insured.

  • Post Hospitalization Expenses

A cover is provided for the medical costs incurred during the pre-defined number of days immediately after the insured person gets discharged.

  • Pre-existing Disease

In case any of the parents have a pre-existing ailment it will only be covered after the waiting period is completed. The waiting period differs from disease to disease and insurer to insurer. While buying a plan ensure that you check with the insurance company in regards to the waiting period under the specific parents health insurance.

  • Ambulance Cover

A cover is provided for the expenses incurred towards transferring to the hospital or between hospitals. This implies both the hospital's ambulance and the ambulance provided by the ambulance service provider up to a certain limit.

  • Modern Treatment Method

Modern treatment methods and advancements in technologies are restricted to 50% of the sum insured or up to Rs 5 lakh. It includes oral chemotherapy, intravitreal injections, bronchial thermoplasty, etc.*

Key Exclusions

What’s not covered?
  • Any disease that is contracted during the initial days of the policy commencement

  • Any dental treatment that comprises dentures, dental implants, etc. unless as a result of accidental

  • Any medical expenses incurred due to invasion, war, etc.

  • Non-allopathic medicines

  • All costs incurred due to treating AIDS or any related disorders

  • Any treatment or ailment arising due to drugs or intoxication/alcohol

  • Cosmetic or plastic surgery

Additional Services

What else can you get?
  • Hospitalization Expenses

Any expense incurred wherein the patient is hospitalized for a minimum of 24 hours consecutively except for certain procedures or treatments. A cover will not be provided if the admission is less than 24 hours.

  • Pre Hospitalization Expenses

A cover is provided for the medical costs incurred during the pre-defined number of days preceding the hospitalization of the person insured.

  • Post Hospitalization Expenses

A cover is provided for the medical costs incurred during the pre-defined number of days immediately after the insured person gets discharged.

  • Pre-existing Disease

In case any of the parents have a pre-existing ailment it will only be covered after the waiting period is completed. The waiting period differs from disease to disease and insurer to insurer. While buying a plan ensure that you check with the insurance company in regards to the waiting period under the specific parents health insurance.

  • Ambulance Cover

A cover is provided for the expenses incurred towards transferring to the hospital or between hospitals. This implies both the hospital's ambulance and the ambulance provided by the ambulance service provider up to a certain limit.

  • Modern Treatment Method

Modern treatment methods and advancements in technologies are restricted to 50% of the sum insured or up to Rs 5 lakh. It includes oral chemotherapy, intravitreal injections, bronchial thermoplasty, etc.*

Unmatched Benefits

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Reinstatement Benefits

Unlimited reinstatement of the sum insured, even after its depletion.

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Lifetime Renewal

Stay covered and renew yearly hassle-free!

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No Medical Tests

Get instant cover; skip the tests if you are under 45!

Download Policy Document

Get instant access to your policy details with a single click.

Expand the Coverage Today!

Respect Rider(Senior Citizen)

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Emergency assistance for senior citizens

Designed for senior citizens

Starting from

INR 907 + GST

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Health Prime Rider (OPD)

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Tele, In-Clinic Doctor Consultation and Investigation

Dental, Nutrition and Emotional Wellness

Starting from

INR 298 + GST

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Loss of Income Cover

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Guaranteed pay-out for hospitalization

Guard against accidental injury or illness

Starting from

INR 148 + GST

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Major illness/ Accident Multipier

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Indemnity Cover

Doubles the sum insured benefit

Starting from

INR 171 + GST

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Wellness Supervisor

Healthmanager

Insurance benefits and rewards

Earn points for health activities and get benefits as premium discounts & policy upgrades. Improve your health to reduce claims & maximize benefits.

Healthassetment

Complete health assessment and data integration

Start with a detailed health evaluation and sync your medical records & wearables for real-time data on activity, sleep & vital metrics.

Healthmanager

Insurance benefits and rewards

Earn points for health activities and get benefits as premium discounts & policy upgrades. Improve your health to reduce claims & maximize benefits

Healthassetment

Complete health assessment and data integration

Start with a detailed health evaluation and sync your medical records & wearables for real-time data on activity, sleep & vital metrics.

Step-by-Step Guide

To make sure that we are always listening to our customers,

How to Buy

  • 0

    Visit Bajaj Allianz website

  • 1

    Enter personal details

  • 2

    Compare health insurance plans

  • 3

    Select suitable coverage

  • 4

    Check discounts & offers

  • 5

    Add optional benefits

  • 6

    Proceed to secure payment

  • 7

    Receive instant policy confirmation

How to Renew

  • 0

    Login to the renewal portal

  • 1

    Enter your current policy details

  • 2

    Review and update coverage if required

  • 3

    Check for renewal offers

  • 4

    Add or remove riders

  • 5

    Confirm details and proceed

  • 6

    Complete renewal payment online

  • 7

    Receive instant confirmation for your policy renewal

How to Claim

  • 0

    Notify Bajaj Allianz about the claim

  • 1

    Submit all the required documents

  • 2

    Choose cashless or reimbursement mode for your claim

  • 3

    Avail treatment and share required bills

  • 4

    Receive claim settlement after approval

How to Port

  • 0

    Check eligibility for porting

  • 1

    Compare new policy benefits

  • 2

    Apply before your current policy expires

  • 3

    Provide details of your existing policy

  • 4

    Undergo risk assessment by Bajaj Allianz

  • 5

    Receive approval from Bajaj Allianz

  • 6

    Pay the premium for your new policy

  • 7

    Receive policy documents & coverage details

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Cashless Claim

24x7 Missed Facility

Filing a Travel Insurance Claim

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What Our Customers Say

Cashless Claims

Excellent service for your mediclaim cashless customers during COVID. You guys are true COVID warriors, helping patients by settling claims during these challenging times.

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Arun Sekhsaria

Mumbai

4.5

29th May 2021

Instant Renewal

I am truly delighted by the cooperation you have extended in facilitating the renewal of my Health Care Supreme Policy. Thank you very much.    

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Vikram Anil Kumar

Mumbai

4.5

27th Jul 2020

Quick Claim Settlement

Good claim settlement service, even during the lockdown, has enabled me to sell the Bajaj Allianz Health Policy to more customers.

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Prithbi Singh Miyan

Pune

4.5

27th Jul 2020

Instant Policy Issuance

Very user-friendly. I got my policy in less than 10 minutes.

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Jaykumar Rao

Bhopal

4.7

25th May 2019

FAQs

What is the Health CDC?

Health Claim on Direct Click (CDC) simplifies claim initiation and tracking via an app. Policyholders can easily claim medical expenses up to ₹20,000 through this feature.

What is family floater health insurance?

Family Floater Health Insurance is a single policy that covers the entire family under one sum insured. Instead of individual limits, the insured amount is shared among all members. For example, if a ₹10 lakh policy covers four members, any one person or multiple members can use up to ₹10 lakh collectively in a year.

What is senior citizen health insurance?

Senior Citizen Health Insurance is designed for individuals above 60, covering age-related medical conditions and treatments. It offers a higher sum insured, pre-existing disease coverage after a waiting period, and specialised elderly care. Policyholders can choose from multiple sum insured options based on their needs.

What are the tax benefits on health insurance?

Under Section 80D, individuals can claim tax deductions on health insurance premiums for themselves, their families, and parents. The maximum deduction is ₹25,000 per year for those under 60, covering self, spouse, and children. For senior citizens, this limit increases to ₹50,000. If paying for senior citizen parents’ insurance, an additional ₹50,

What is the waiting period in health insurance?

The waiting period in health insurance is the time an insured must wait before certain claims become valid. It varies by policy and applies to pre-existing diseases, maternity benefits, and specific treatments. Typically ranging from 30 days to four years.

How to reduce health insurance premiums?

To reduce health insurance premiums, choose a higher deductible, opt for family floater plans, and maintain a healthy lifestyle. Buying policies at a younger age, selecting long-term plans, and comparing insurers for the best rates also help. Additionally, using the No Claim Bonus (NCB) and opting for co-payment options can significantly lower prem

What is the cumulative bonus in health insurance?

A cumulative bonus in health insurance is a reward for not making claims during a policy year. With this bonus, your sum insured can increase by 5% to 50% per claim-free year, without raising the premium.

Why is medical insurance necessary for your health?

Medical insurance provides financial protection against unexpected medical expenses, ensuring access to quality healthcare without depleting your savings.

How many dependent members can I add to my family health policy?

You can add your spouse, children, parents, and other dependents as per the policy terms, ensuring comprehensive family coverage.

Why should you compare health insurance plans online?

Online comparison helps you find the best plan that suits your needs and budget, offering a clear understanding of coverage and benefits.

Why should you never delay the health insurance premium?

Delaying premiums can result in policy lapse, losing coverage benefits and financial protection, and may lead to difficulties in renewing the policy.

How to get a physical copy of your Bajaj Allianz General Insurance?

Request a physical copy from the insurer or take a printout of the digital policy document received via email.

Is there a time limit to claim health cover plans?

Claims should be made within the stipulated time as per the policy terms to avoid rejection and ensure timely processing.

What exactly are pre-existing conditions in Health Insurance?

Pre-existing conditions are medical conditions you had before buying your Individual Health Insurance plan. Coverage for these might require waiting periods or exclusions. Be transparent about your health history.

How is the insurer going to pay my hospital bills?

Insurers cover hospital bills through reimbursement (you pay upfront and get reimbursed later) or cashless hospitalisation (insurer settles bills directly with network hospitals).

Are there any tax advantages to purchasing Health Insurance?

Individual Health Insurance premiums often qualify for tax deductions under Section 80D of the Income Tax Act (India).

Why should I need Personal Medical Insurance?

Personal medical insurance offers financial protection against unexpected medical expenses due to illness, accidents, or hospitalisation. It provides peace of mind and safeguards your savings.

How do I go about renewing health insurance plans?

Don’t stress the small things in life! The easiest and quickest way to renew your life insurance policy is by doing it online. Topping up your health cover gives you freedom from worrying about heavy medical expenses.

How is the health insurance renewal premium calculated?

We know that reading through the ponderous terms and conditions section of a health insurance policy isn’t always easy. So, here is the quick answer. Your renewal premium is calculated based on your age and coverage. As always, you can put the power of compounding to good use by investing in health insurance as early as possible.

Can I renew my expired health insurance policy?

Yes, of course. Life can get really busy and even things as important as renewing your health insurance plan can get side-lined. With Bajaj Allianz, we turn back the clock to give a grace period where you can renew your expired policy. For 30 days from the expiry date, you can still renew your health cover with ease. Now, you can run the race at yo

Can I renew health insurance online?

Absolutely! All you have to do to renew your health insurance is click or tap a few times! You can definitely renew health insurance policies online and also buy new policy for your family & friends click here to know more.

Will I be able to transfer my health insurance policy from another pro

Yes, as per IRDAI regulations, insurance portability between providers is allowed. This also includes transfer of benefits like Cumulative Bonus and credits relating to waiting period for pre-existing diseases.
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What is Health Insurance for Parents?

Health insurance for parents is designed to provide financial security against medical expenses. As parents age, they are more susceptible to health issues, making parents' medical insurance crucial. It covers hospitalisation, pre and post-hospitalisation expenses, and other healthcare costs.

There are chances that with time, your parent may fall ill or be diagnosed with a condition that would make life a little difficult. Sometimes, the diseases may also turn severe due to old age. It could be something as basic as a reduction in bone strength or sometimes unable to carry out everyday tasks.

It’s important to invest in health insurance for the parents so that they do not undergo any financial setbacks due to unforeseen events. Choose comprehensive medical insurance for parents. A plan that offers extensive coverage for different health-related ailments, particularly the ones which are specific to aging. You may also consider choosing either individual health insurance for the parent or include them under a family floater health insurance plan if the parents are less than 65 years of age. A family floater health insurance plan offers mediclaim coverage for different family members under one single plan.

At Bajaj Allianz general insurance , we care for everyone and believe in making a difference. We offer an array of health insurance plans catering to varying age groups and medical needs for minor and critical illnesses as well. In case of an unforeseen event, the medical expenses should not be a barrier for your parents to avail the best health care.

We have an extensive reach of over 8000+ network hospitals PAN India wherein the parents can easily avail themselves of the best medical attention with our care. We also have our Relationship Managers at selected network hospitals. Our RMs will assist you throughout the process of hospitalization till discharge. Our claim settlement ratio is one of the best in the industry and we ensure that you have peace of mind while the parents recover. Parental insurance is an important decision so make sure you make an informed one.  

Why Do You Need Medical Health Insurance Plan for Your Parents?

Parents' medical insurance is vital in today's uncertain times. With rising medical costs, health insurance for parents ensures they receive the best medical care without financial strain. These plans cover COVID-19 treatments and hospitalisation and offer cashless services at network hospitals. In these unprecedented times of the global pandemic, it has become more than important to be fully prepared for potential health perils. The Bajaj Allianz health insurance plans not only offer financial security for any regular or critical illnesses. But we offer even more.

We offer health insurance plans that cover the treatment and expenses that would incur due to COVID-19 at a cost-effective premium. An adequate parental health insurance cover is important as it ensures that they avail the best medical treatment. Take a look below to understand the benefits of buying parental insurance online:

This is especially crucial for health insurance for parents above 50, as it helps manage age-related health risks and provides peace of mind for the entire family.

Revised Health Guard - health insurance plan that secures you & your parents, offering Sum Insured from 1.5-50 lakhs with a policy term of up to 3 years. Watch the Video to know more!

Types of Health Insurance for Parents

When it comes to parents health insurance, take a look below to understand the types of coverages that can be availed for them:

Individual Health Insurance:

As the name suggests, individual health insurance is a type of plan wherein the proposer and family members are covered in the same plan. So, if you plan to insure your parents the sum insured will be separate for each and not shared. Our individual health insurance plan offers multiple sum insured options, pre, and post-hospitalization cover, daily cash benefit, etc. So, if you are looking forward to health insurance for parents above 60 years, you may consider opting for such a plan.

Family Floater Health Insurance: 

You may also include your parent who is less than 65 years of age under a family floater health insurance plan. A family health insurance plan allows for the inclusion of multiple members of the family within the same plan with a single premium. Under such a plan, the sum insured is shared by all family members. It offers a cover for daycare procedures, road ambulance cover, etc.

Senior Citizen Health Insurance:  

As the age of an individual increase, undoubtedly the care expenses also manifold. If you have a senior citizen at your home, you must consider investing in the senior citizen health insurance plan. These are dedicated plan that caters to different health care needs. The Bajaj Allianz Silver Health Plan* offers both cashless and reimbursement benefits for hospitalization costs due to an illness/ mishap. Anyone between the age of 46 years to 70 years can avail of this plan. 

* For detailed information, please refer to the product brochure.

Save Tax with Parent's Health Insurance Policy

When you buy parents health insurance in India, you can avail of **tax benefits under Section 80D. The benefits include deductions on single premium plans, senior citizen health insurance premiums, and preventive health check-ups.

Medical emergencies can easily take away by surprise. Also, to encourage people to choose parental health insurance, the Indian government offers various tax benefits on the health insurance premium. 

Let us explore and understand the medical insurance for parents tax benefits under Section 80D one by one. 

Tax Benefit on Single Premium Health Insurance Plan

The health insurance premium that is paid for a multi-year plan in the lump sum is entitled to tax deduction under Section 80D. The tax-deductible sum is upon the total premium that is paid for the policy period. It is subject to the limits of Rs 25,000 or Rs 50,000 respectively. 

Tax Benefit Upon Senior Citizen Health Insurance

Any individual who pays the health insurance premium for their parents can claim for tax deduction up to Rs 50,000. The tax deduction limit for the costs incurred on certain illnesses/ ailments for the elderly is up to Rs 1 lakh.

Deduction Upon Health Insurance Premium for the Parents

The costs incurred on preventive health check-ups are entitled to tax benefits. Most people are unaware of this aspect, the tax exemption limit for it is Rs 5000.

The Deduction on Preventive Health Check-Ups

The tax exemption benefits are also extended on the OPD consultation and diagnostic center expenses. A tax benefit can also be availed upon cash payment. 

*The tax benefit is subject to change as per the prevailing laws. 

How to Choose Best Health insurance Plan for Parents

Parents always want the best for their children. So as a child it is your responsibility to choose the best health insurance for parents too.

Wondering how to choose medical insurance for parents? Listed below are the parameters to make an informed decision and buy the best health insurance for parents:

Entry Age:

When buying parents health insurance plans make sure to have a look at the entry age. Certain plans offer entry ages between 18 years to 65 years and 46 years to 70 years. If your parent is old you may consider including them in senior citizen health insurance. You may go forward with a plan wherein the entry age is permitted at an advanced age. Also, there is no age cap with lifetime renewability. 

Understand the Policy Wordings:

Before you sign below the dotted lines ensure to understand the terms and conditions offered within the policy. The policy wording is crucial, so if you have any doubt or are unable to understand a certain terminology take an understanding of the same. Assess your need and go with a parental insurance plan that fulfills your requirements and is pocket-friendly. 

Extensive Coverage:

With time, parents are more prone to various health risks. Henceforth, it's always suggested to opt for a high sum insured. Choose a comprehensive parents medical insurance plan that offers an array of coverages. This ensures that the parents get the best medical treatment and finances do not remain a barrier. 

Network Hospitals:

In case you wish to avail a cashless facility, the treatment must be taken at any of the network hospitals. Moreover, it's suggested to go through the list of network hospitals that are associated with the insurance company. It is also better than the reputed hospitals in your nearby areas are also listed. This becomes helpful and convenient in case of an emergency and avail of the maximum benefit of a parents health insurance.

Compare Health Insurance Plans:

 When it comes to buying a plan compare mediclaim for parents online. Make a decision based on assessing the features, benefits, add-ons, and premiums offered with a plan. Also, go with the insurance company that has the highest claim settlement ratio. 

Waiting Period:

When buying parents health insurance an important aspect to understand is the waiting period for pre-existing ailments. Depending upon the plan, the pre-existing illness may remain covered only after completing the waiting period. It is recommended to opt for a plan that offers a lower waiting period and likewise offers coverage for maximum ailments. 

Besides, do not buy a plan only on the premise of a health insurance premium. Various factors determine the premium and age is one of the crucial aspects. The premium will differ with the individual’s age. So as individual ages, the premium too will increase. Health insurance for senior citizens is on the higher side when compared to any regular health insurance plan. Invest time to buy a suitable medical insurance policy for parents.

*Standard T&C apply

Eligibility Criteria for Mediclaim Policy for Parents

Anyone who plans to buy the Bajaj Allianz Senior Citizen Health Insurance plan should meet certain criteria. The table below highlights the eligibility criteria for mediclaim policy for parents:

Entry Age

46 years to 70 years

Policy Period

Annual policy

Sum Insured

Multiple sum insured options between Rs 50, 000 to Rs 50 lakh

Renewability

Lifelong renewability

*For more details, please go through the policy wordings carefully.

Why Should You Opt for Bajaj Allianz Health Insurance Plans for Parents?

By understanding and choosing the right parents' health insurance plan, you can ensure their health needs are met without financial worries. When you decide to buy health insurance for parents in India, it’s important to compare different plans to find one that best suits your parents' specific healthcare needs. Look for a health insurance that covers parents comprehensively, including benefits like hospitalisation, pre and post-hospitalisation expenses, and critical illness coverage. The medical insurance for parents offers extensive medical coverage at cost-effective premiums. Now, you can customize the health insurance for parents as per what suits their needs and ensure peace of mind.

Bajaj Allianz General Insurance Company offers various options tailored to the needs of aging parents, ensuring they receive the best possible care without putting a strain on your finances. For detailed information, refer to the Bajaj Allianz General Insurance Company website.

 

 

Network Hospitals

8000+ across the country

 

Claim Settlement Ratio

98%*

 

Claim Process

Cashless and Reimbursement facility

 

Health Administration Team

We have an in-house health administration team to expedite the health insurance claim process

 

Health CDC (Claim by Direct Click)

An app-based feature that lets the policyholder keep track of the claims. The insured can make claims up to Rs 20,000 easily

 

Sum Insured

We offer multiple sum insured options. We have innovative packages to match individual needs

 

Extensive Coverage

Comprehensive coverage for both planned or emergency hospitalization based on the selected sum insured

 

Top Up Plan

Enhance the coverage of the existing health insurance plan. It allows you to avail benefits over and above the regular health insurance plan

 

Add-on Cover

You may enhance the existing parental insurance by including add-on riders such as the Health Prime Rider, etc.

Best Health Insurance Plans for Parents by Bajaj Allianz General Insurance

The table below shows the top health insurance plans for parents offered by Bajaj Allianz General Insurance that you may consider buying online for the secured future of your parents:

Plan Name

Entry Age

Plan Type

Health Guard

18 years to 65 years

Individual/Family floater

Health Infinity

18 years to 65 years

Individual policy

Arogya Sanjeevani Policy

18 years to 65 years

Individual/Family floater

Critical Illness 

18 years to 65 years

Individual policy

Premium Personal Guard

18 years to 65 years

 

*This is offered to only Risk Class- I includes administrative/ managing functions, doctors, accountants, architects, lawyers, teachers & likewise occupation

Extra Care

18 years to 70 years

Floater policy with a single premium for the family

 

*The policy can be taken as add on cover to the existing hospitalization – medical expenses policy

Extra Care Plus

91 days to 80 years

Floater policy

 

*Additional cover to the existing health insurance cover

M-Care

18 years to 65 years

Individual and Floater policy

Criti Care

18 years to 65 years

Individual

 

*This can be bought only offline

Global Health Care

18 years to 65 years

Individual

Silver Health

46 years to 70 years

Individual