What Are the Benefits of a Mediclaim Policy for Elderly People?

You will not have to pay separately for medical check-ups

Regular health check-ups help you locate diseases and catch ailments as soon as possible. So, once your parents cross a certain age, it is imperative that you regularly book complete health check-ups for them. However, this can weigh on your finances too. But, when you buy health insurance for senior citizens, this is one less thing to worry about. If you choose a good policy, timely check-ups will be included in it. As a result, doctors will be able to catch any illness in its early stages and treat it adequately.

You can enjoy tax benefits

You can claim deductions against the premium payments you make on medical insurance for your parents under Section 80D of the Income Tax Act. Here you can claim a deduction of up to Rs.25,000 if they are less than 60 years of age, or Rs.50,000 in case they are above 60 years of age. Even if they aren’t eligible for insurance, you can claim up to Rs.50,000 as a deduction owing to medical expenses, provided they are over the age of 60 years.

Now that you know how buying Health Insurance for your Parents benefits you as well as them, check your pre-approved insurance offer from Bajaj Finserv and apply right away. When you buy this policy through a trusted provider such as Bajaj Finserv, you can benefit from comprehensive protection including coverage for certain pre-existing conditions, cashless claim process, coverage for ambulance charges, no claim bonus and much more.