Suggest best Insurance policies and insurance c...

Suggest best Insurance policies and insurance companies for my Parents

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Suggest best Insurance policies and insurance companies for my Parents(54 & 50 years age)

Policies for Health and Term Life Insurance or Whole Life Policy

16 Comments  |  
8 Dimers
Tenor %281%29
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Term insurance can be issued to only earning people.If both your father and mother earn then buy a term insurance else go with Mediclaim policy if you need only health insurance.Pm me if you need more clarity or suggestions

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MrDimer wrote:

Term insurance can be issued to only earning people.If both your father and mother earn then buy a term insurance else go with Mediclaim policy if you need only health insurance.Pm me if you need more clarity or suggestions

what is the adv of term insurance?

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tq for reply

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MrDimer wrote:

Term insurance can be issued to only earning people.If both your father and mother earn then buy a term insurance else go with Mediclaim policy if you need only health insurance.Pm me if you need more clarity or suggestions

only father is earning, mom is housewise.

Cutee
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MrDimer wrote:

go with Mediclaim policy if you need only health insurance

Can you suggest some or offer some insights on whom to chose or what needs to be considered before choosing one.

Thanks.

Tenor %281%29
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SriPriyanka wrote:

only father is earning, mom is housewise.

Term plan can be issued only in father’s name.Mediclaim will be applicable to both

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DealDroid wrote:

Can you suggest some or offer some insights on whom to chose or what needs to be considered before choosing one.

Thanks.

I have Star Health policy and its having good claim ratio. There are many companies which may have lesser premium but the thing that matters is claim ratio.
Policy will be of no use if they reject your claim.So go with the one having good claim ration and which offer good benefits

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Deal Subedar
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For health insurance opt for Apollo Munich.

Pikachu
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For health, you have to see one big thing. What’s waiting period of existing diseases and some pre listed diseases.
In the waiting period, if they get listed diseases it won’t be covered.

So see waiting period and choose which had lesser.
And choose which has better claiming ratio…

Advice: if admitted in hospitals, choose ac room only. Because only there instruments (even oxygen mask) will be of high quality. And nurses and scavenger team will be good humane, as we pay high amount and they do tasks without showing face…

If you work in IT sector, get health insurance for your parents, only from your employer as they don’t have waiting period….

Most thing: pay premiums for all years, don’t thing last year didn’t go for hospital, let’s skip this year on opting. Choose more lakhs amount, even though the premium costs your 1 or 2 month salary.

@Bobby53787 your parents are lucky to have, who thinks about health insurance for them. Let them long live for you.
Pikachu
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Also power day ICU charge is 50k. Choose premium accordingly. Choose 30k which gives 5 lakhs coverage, at least

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tq

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If your dad is sole bread earner of family only then he still needs term insurance else at this i dont think he needs it anymore when his retirement is near and you also earning.

While health insurance is must for both parents asap. buy a family floater of atleast 5lacs from united india or national insurance govt cos only. Don’t delay as they wont allow them to buy normal policies after 55years.
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jambui wrote:

If your dad is sole bread earner of family only then he still needs term insurance else at this i dont think he needs it anymore when his retirement is near and you also earning.

While health insurance is must for both parents asap. buy a family floater of atleast 5lacs from united india or national insurance govt cos only. Don’t delay as they wont allow them to buy normal policies after 55years.

It means won’t able to buy health insurance as my father around 59 and mother is 52 yrs around

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MrDimer wrote:

I have Star Health policy and its having good claim ratio. There are many companies which may have lesser premium but the thing that matters is claim ratio.
Policy will be of no use if they reject your claim.So go with the one having good claim ration and which offer good benefits

More no of hospital in Mumbai and Navi Mumbai is with right now star health

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iamshashikant wrote:

It means won’t able to buy health insurance as my father around 59 and mother is 52 yrs around

You can but new policy keeps getting difficult. Take it now before he turns 60. Do it.

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ok

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