Health insurance for senior citizens
Top up policies can come in handy to foot the medical bills of the elderly
Top up policies pay for medical expenses that are beyond your reach. The amount at which you want the policy benefit to commence is decided by you, at the time of purchase. This amount is called threshold limit. A top up policy pays medical expenses only in excess of the threshold limit.
It is good idea to buy a top up cover for senior citizens, because our dear ones are most vulnerable at this age. These policies cost less than a basic health insurance policy fund are meant to cover hefty bills.
There are two types of top up policies in market- those which apply threshold limit on each hospitalisation, and those which sum up annual medical expenses to reach the deductible limit. Insurance company pays the claim when deductible limit is breached.
It is better to go for the second type of top up policy, because although expensive, these offer better risk coverage. Based on the age and coverage required, United Super Top Up is a suitable policy. You can select threshold limit equal to sum assured of your parent's basic health cover. Annual premiums at your parent's age for a R5 lakh sum assured with R2 lakh threshold limit, amount to R4,000. The premium would go up to R6,400 if two family members are insured under the same policy.
Similarly, if you want to raise the threshold limit to R3 lakh for the same sum assured of R5 lakh, the premium would amount to R3,200 for an individual, and R5,100 for a family of two.
The premium rates will also depend on the general health of your parents. The company will medically assess your parents before insuring them
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write back to us at
PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Invest Any Mutual Fund Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
Posts
0 comments:
Post a Comment