Invest In India

There are a lot of life insurance policies suitable for our parents who are retired, old, men and women.  All Insurance companies, national or private, cater to the needs of the elderly.   Though, you are able to provide food and shelter to them, you may not be able to afford high hospital bills, if they fall ill.  So, it is advisable to choose a policy with medical claims, because with old age your parents are prone to diseases easily.

For NRI people it is easy to send money to their parents.  But, along with it you must be aware of the importance of health insurance also.  Insurance companies like Bajaj Allianz and ICICI Lombard offers a lot of benefits with their health care policies, making it the best gift you can give to your parents.  For example, the ICICI Lombard’s Rishtey Parents Life Insurance gives 2-year life cover for a single premium, which is automatically renewed after the first year.  It provides free health check-ups.  You can pay the premium in interest-free equal monthly installments.   The best part is that this policy can be renewed up to 75 years of age.

Bajaj Allianz has a Silver Health Policy which is for people as old as 70 years.  For this policy medical check-up is a must.  But the charges will be returned, if the policy is accepted. The good news is that this policy covers pre-existing diseases also.  Pre-existing diseases get coverage of 50% of the sum assured from the second year onwards.  For those who value their parents, insuring them has become popular.  It will give peace of mind to all.  We insure our valuables like car, house, and gold without thinking twice.  But we think many times before insuring our parents.  They are the first you should insure, because you can never replace them, once they are lost.   All others –house, car, ornaments etc – you can replace, with a new one