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Q. My father is 58 years old, just retired and my mother is 51, a homemaker. I m interested in providing them a health insurance cover. Both of them don t have any prior health insurance covers. I am not clear as to the factors to consider while choosing the best scheme. Are Mediclaim and Health insurance the same? If not, what is the difference and should I purchase both to support their hospitalisation in future?
VIGNESH
A. The easiest way to get your parents hospitalisation insurance is to add them to your employer’s policy where you are covered. If this is not an option you can buy a hospitalisation policy for them which will reimburse hospitalisation and related expenses as defined in the scope.