ACKO Offers Customised Health Insurance For Parents and Families

BENGALURU, India , Feb. 27, 2025 /PRNewswire/ -- In 2050, there will be over 194 million target populations that are senior citizens aged 60 years and above in India, making up about 20.8% of the total population. The present and future generations of the elderly need proper care to ensure they enjoy good health. In April 2024, the IRDAI did away with age restrictions wherein people aged 65 could not purchase health insurance. People can now purchase health insurance for parents when they want it without age restrictions. IRDAI also suggested that insurance companies design products specifically for senior citizens.

However, the truth is that only 18% of seniors can afford health insurance. Moreover, 70% rely on other people's help to perform daily care tasks. Such numbers indicate that seniors need to have plans for their care, given the emergence of the nuclear family in rural and urban areas.

Understanding this, ACKO presents customised health insurance options to give seniors medical coverage. The benefits of these programs include domiciliary treatments, which guarantee that parents receive the required treatment free from financial burdens.

ACKO Mediclaim Policy for All

Incumbent new-generation digital health insurance companies like ACKO have products for everyone, whether senior citizens, elderly, or parents, and find their tailored mediclaim policy in India. People can get an individual plan that provides coverage of up to a maximum of one crore or go for the family floater policy.

The higher sum insured offers greater protection and contains a broader layer of protection because an individual can afford costly health treatments without additional financial load. Besides, converting itself into a cashless hospitalisation with a network of hospitals across the country means consumers do not have to pay upfront whenever a medical emergency arises or a planned surgery is needed.

ACKO policies also include other medical expenses that a policyholder may incur before and after admission to a hospital to avoid adding to expenses on those occasions.

Exclusive Coverage for Seniors from ACKO

With the best health insurance in India, seniors can be confident that they will be well-catered for in any case of emergency medical care. The supplementary layer of financial protection protects them from such pressure, which can worsen their health.

The Health Insurance for Parents plan from ACKO is tailor-made to cater to the age-related healthcare needs of your parents. The cashless treatment policies enable ACKO to settle the bill directly with the hospital without requiring parents to pay any upfront cost.

Seniors can also enjoy a no-claim bonus for a claim-free policy year. They can use this NCB to increase the sum insured or reduce the policy premium for the subsequent policy year.

More importantly, the mediclaim policy for parents comes with lifetime renewability, ensuring that your parents stay covered throughout their lifetime.

One can also add their parents as dependents to the family floater plan. It can help them control premium costs, but choosing exclusive plans for senior citizens offers extended and comprehensive coverage. The waiting period usually applies based on pre-existing conditions. One can customise the policy and get coverage from day one with the add-on riders.

Parents Health Insurance from ACKO also covers ambulance services, enabling all parents to get immediate medical attention during emergencies. If parents need daycare treatments such as cataract surgery, they are also covered by the ACKO plans. Some plans also cover domiciliary treatment to help parents get treated at home. The critical illness coverage gives a lump sum payment after a critical illness diagnosis.

All parents need to make a claim by logging in using the mobile app and submitting a claim. With a claim settlement ratio of 96.29%, ACKO representatives will guide your parents through the claim settlement process, ensuring a frictionless experience.

About ACKO Health Insurance

ACKO Health Insurance provides simple, budget-friendly health coverage for individuals, families, and seniors. Offering cashless hospitalisation, quick claims, and a fully digital experience, ACKO ensures protecting your health is convenient and worry-free.

Learn more about ACKO's advanced health insurance options at https://www.acko.com/.

Disclaimer: This information is for general knowledge and guidance only and does not constitute financial or insurance advice. Always refer to the official ACKO website or consult with an insurance agent for the most up-to-date and accurate information on their policies and coverage.