The expenses today have risen exponentially. It is good that you have considered buying health policy for your parents.
Ideally, a good medical insurance plan should cover
Hospitalization expenses for covered illnesses, injuries and for surgeries
Medical expenses incurred after hospitalization (they generally have a fixed duration)
Domestic Road Ambulance services
Apart from these basic features in a, one must also look for easy and hassle-free renewal and claim processes.
It is important to choose a medical insurance company with a good claim settlement history and good services.
Your premium charged will be higher as your parents are aged. If they have any pre existing illness, the premium will increase further.
