Most of our parents never insured their health when they were young. Now Insurance companies don’t want to cover them, as their current health conditions are not favorable to insurers underwriting guidelines.
Ayushman Scheme launched by the government does not cover the middle class.
Very few corporates (15%) cover employee’s Parents under group health insurance.
Some of the large corporates offer Health Insurance for parents by collecting premiums from employees. But even those who do this, not sure whether they can continue because of increasing the premium cost.
I Have listed out three ways how an HR can cover their employee’s parents Insurance in my book. You can download this pdf copy from our website. Click on the Ethika ebook to know more.