Suggest best Insurance policies and insurance companies for my Parents

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

tq for reply

For health insurance opt for Apollo Munich.

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.

Also power day ICU charge is 50k. Choose premium accordingly. Choose 30k which gives 5 lakhs coverage, at least

tq

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.

ok