With the advance in medicine, the life expectancy of an average Indian has increased manifold. However, the rate of inflation is also constantly on the rise, rendering medical treatments extremely expensive in the country. This is where the significance of sufficient health insurance coverage comes into play.
The Indian insurance market has a wide range of health insurance offerings for the young professional. The industry also has products targeted at specific customer demographics, including senior citizens and those with life-threatening illnesses.
Types of health insurance for senior citizens
If you are looking to buy health insurance for your parents, a family floater healthcare plan would be a good option. These plans are designed specifically to offer insurance coverage to the entire family, including senior citizens. However, some plans impose a limit on the age of the parents, while others require the policyholder to pay a higher premium based on the age of the eldest…