NEVER buy the same Health Insurance as your parents - Here's why! | Ankur Warikoo Hindi Video

How to buy health insurance for your parents?
What are the key things to keep in mind while buying insurance?
Why should you NOT buy the same insurance plan for your parents, as yours?
Welcome to part 3 of the 6-video course called The Complete Guide to Buying Insurance.
To browse through Term life insurance plans on PolicyBazaar, please click - bit.ly/3eHkZrk
To browse through health insurance plans on PolicyBazaar, please click bit.ly/3dgKQmH
In Part 1 and 2, we covered basics of insurance: • Basics of Insurance | ...
and understanding Life Insurance: • Understanding Life Ins...
To view the notes for this video, please visit bit.ly/2Ws0HJq
In this video, we will discuss how to decide the right insurance plan, specifically for our parents. How is it different from a family floater plan? What are the different factors to look at while selecting a plan that suits our parent’s needs?
We'll also understand why having an individual plan over and above the corporate plan that we might already have, is important!
And finally I will walk you through the step by step process of buying a health insurance plan for your parents on PolicyBazaar.com - where we also get to compare the different plans and pricing for making an informed decision.
If you have any questions, I’d be happy to answer them in the comments section below!
The Complete Guide to Buying Insurance is in association with PolicyBazaar.com as my knowledge partner.
#warikoo #insurance #policybazaar
Click here to subscribe to my KZbin channel: shorturl.at/bizNX
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on KZbin, LinkedIn, Instagram, Facebook and Twitter amassing a following of 2.9Mn+ people.
He posts 3 Hindi and English videos every week on his KZbin channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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[@warikoo]

The Complete Guide to Buying Insurance is in association with PolicyBazaar.com as my knowledge partner. To browse through Term life insurance plans on PolicyBazaar, please click - bit.ly/3wJiY20 To browse through health insurance plans on PolicyBazaar, please click bit.ly/3dgKQmH

[@argajit]

Hi, Ankur sir I just saw your video on Stocks investing in Kite. There you had mentioned IND Money to track your personal finances I would like to know if it is safe to provide them our Email access. If there are some Security Breaches at IND Money there can be a Data Risk! Can you make a video on it?

[@aratrika100]

Great value addition. Thanks Ankur 🙂

[@sanjanind]

I have corporate plan and there is no waiting period for my parents, if I go with new plan then will they cover existing diseases without waiting periods

[@warikoo]

There will be a waiting period. More of a reason why you should go with your plan right away

[@islamiilm2092]

Hello Ankur, thank you for this information I have one question... What about the OPD charges for parents i think u did not cover it completely in PED. For example are my parents are old and like every indian they have BP and Diabetes... On a monthly basis they incur around 5K of medicines per month. Is there any insurance company in your sight that covers this as well? I am a corporate employee and my corporate plan covers this... But there is a cap of 10K for it. I would consider myself lucky if I could get a reply from you. Thanks, Samir

[@ankitha4797]

Points to consider : -No capping on room rent -Post hospitalization expenses cover -Pre existing diseases (PED) cover for a year -Don't choose family floater plan with parents -Transfer corporate to personal plan to include the reduced PED time -Insurance is only for critical situations - don't use unnecessarily

[@leaquatali0379]

Perfect 👍

[@mayurkakkad007]

thanks a lot for summarizing precisely

[@soumyajitdey5720]

God has sent this man just to educate the youth, isiliye astrophysics me Phd nehi ho paya. There's no other reason.

[@shaimanshaikh6815]

*astrophysics, but koi ni. Bhavana samaz gaye😂

[@soumyajitdey5720]

@@shaimanshaikh6815 😅😂 sorry..change kar diye hae 🥴

[@anishraj3462]

Me at age 21 in college, planning all my expenses while doing a job, through this video... :). Thanks for the head start Ankur..

[@Shruttiiiiii]

Samee here

[@anishraj3462]

@@Shruttiiiiii Great to see someone else from my age planning early too :)

[@Shruttiiiiii]

@@anishraj3462 I need to ask which insurance you got ? and should we really trust buying online

[@anishraj3462]

@@Shruttiiiiii Hi Gayatri. Sorry for the late reply. Unfortunately, I haven't gotten anything yet.

[@Shruttiiiiii]

@@anishraj3462 okay

[@siddharthsheth7456]

Quite Insightful! You are actually touching the future by educating millions!

[@warikoo]

Thank you 😊

[@dustyMehul]

You are innocent if you feel that Aggregators like Policy Bazar will not promote one policy over the other. 😄 Happy Learning.

[@atleastthreecharswide]

This is true. But, policybaazar is quite good at discussing with you all the different plans. I have very good experience buying Life and exploring Health insurance.

[@arpankumar3218]

True

[@palakondarayuduuppu6420]

Yes, they promote every product if you call for one, and one more is no clarity on their own terms and conditions of policy. They sell any policy but during claim we get 10% only if we do higher policy. 🤨🤨

[@medhabhardwaj5897]

I was planning to buy insurance for my mom dad and here is your complete guide 💯👍

[@IrfanKhan-gk7oi]

If you want buy health insurance will help you ...I am a agency manager is max Bupa health insurance

[@dddiya20]

Haii

[@vinodchoudhary4239]

Sir 10000rs per month ke liye budgeting ki video banaiye sir plzz

[@nikhilhalbe]

bhai basic toh clear hai atleast 4 thousand rupees invest kardena in equity for long term

[@vinodchoudhary4239]

But without increment

[@nikhilhalbe]

@@vinodchoudhary4239 koi baat nahi start kardo increments kabhi na kabhi hogi hi future mai

[@akrshn_10_7]

Bhai apni strategy khud bnaaa koi itni achi trha nhi btaye ga jitna tu khud bnaye ga apni strategy yeh bhi tho khud try kr k hu sikhe h bs video dekh aur apna mind khud chla follow mt kr unki bt puri trha see

[@hkartbox142]

Yes..

[@Rishabh-kj2ed]

As a 17 years old i love to watch your videos!!

[@amitdubey986]

You are lucky to have such guidance at this age.

[@barjindersingh5444]

I am also 17 years old

[@mayanks8406]

@@barjindersingh5444 i am 16

[@harleen6122]

Bajaj Alliance is worst, they promised to post-hospitalization but don't approve the full amount

[@Scramblerwalayash]

Being a 19 year old student I find your videos very educative for future planning.

[@PaudingDisuang]

Thank you. Of all the financial KZbinr, I gravitate towards you the most as you give the most practical and clear picture which is easy to easy to understand. It's probably just me but other KZbinr's videos are very vague and does not present a clear picture as you do.

[@user-jc6te1vm8v]

Yet to see a host better than him presenting stuffs and ensuring alongways nothing gets skip ... Appreciation for your efforts sir

[@vikassinghescapist5558]

I have learnt so much from your videos and while watching your videos I feel you should never stop speaking, matlab aap bolte raho video chalta rahe, no endings, offcourse on 1.5 speed 😄 Great work...

[@sunnywadhwani1996]

Sir this was a much needed video. I was very confused on choosing the right health insurance for my parents but you have made it very clear. Gen Z is really lucky to have people like you who can guide us correctly.

[@anuradhagupta9234]

If you willing to buy an health insurance policy I will help,I am working in I icici Lombard

[@pradeepsharma7981]

You got a very clear and effective voice.....

[@DipakKumar-kl1gn]

I always watch your all series & i love the way you convey them. It directly connects our heart. You are doing a great job. May god bless you always 🙏🙏

[@abhisheksutar8784]

This man is preparing me for the real world more than anything ❤️

[@VISHWA2Allinoneindia]

मैंने कई वीडियो देखे हैं लेकिन सब कुछ उड़ गया। यहाँ बहुत अच्छी तरह से समझाया गया है

[@sudarshanpawar2802]

Perfect explanation Sir

[@raod799]

Hi Ankur, loved the video. Just a feedback, if you would have covered Super Top-Up that would have completed this video. Not many people know about this product and is very important when we talk about medical insurance for parents.

[@warikoo]

That’s right. Thanks for pointing out

[@ananya4766]

what is it? I couldn't understand properly with the articles I found on google.

[@appajis2673]

Pl. Tell us which is the overall best

[@anshagarwal9826]

There is 1 in million who helps people with such an ease.

[@suyashdoshi7205]

Hii sir....If we have corporate plan for our parents then we can use top up option for the parents, not necessary to take a new basic plan because new basic plan has high premium with less coverage as compared to top up plan. I know you have better idea than me about this but it is better to know about this from your point of view. Thank you.

[@manyabhavya]

Are top up plans cashless. I have heard they are based on reimbursement basis.

[@warikoo]

What happens once you leave the company?

[@suyashdoshi7205]

@@warikoo Good morning sir .... For that you have given idea in this video . That we can convert our corporate plan into individual plan. I am looking for heath insurance plan for my parents from last few days but in last video u announced that next video is on this topic so, I am waited for your video sir. Thank you for sharing this kind of useful knowledge to youth of India. Your last video about loans are very good it is very helpful for us in future.

[@mahendramungamuru9500]

@@suyashdoshi7205 Hi I am confused to buy insurence for my parents wether I should buy in company or outside.

[@supriyo89103]

Brother, thank you Dilse, Love from Kolkata, this whole series has taught me a lot and especially buying insurance for my parents. :)

[@sunildamle6871]

Lucidly explained how to select Medical Insurance plan ❤️

[@vishadpawar7262]

This is my first time in this health insurance field and by only this video i cleared all of my points, no daught no 2nd thought and offcourse no issue to purchase policy - thanks to policy bazar.

[@prabirchaudhary7903]

Please explain about super top up

[@Ar_One_]

Sir plz make a video on Super Topup Health Insurance plan............... Lv from Kolkata 💖❤️

[@VanyasWonderland1234]

Hi..Mr. Warioo I would like to congratulate you for doing amazing videos and helping people who really need these valuable knowledge. And your smile is really infectious😍

[@amitpaul7940]

Super topup is a very important feature which is not mentioned at all..

[@anirudhatalmale5575]

This video was super helpful ... Just a small advice - always remain honest to your viewers

[@nikhilpmankar]

I think there is Copay and Deduction as well. If I choose Deduction of 2L, it significantly reduces my premium amount. In that scenario, is it compulsory to pay the deduction from my pocket, or using another insurance policy pay for it would be acceptable?

[@rishavroushan]

Warikoo Sir ,A Video On NPS Pension Scheme will be great ...Thanks

[@tech_wizard9315]

Things to Include in health insurance for parents:. 1)Hospitalization Expenses: Make sure there is no capping on room rent of hospital 2)Pre and **post hospitalization Expenses( after hospitalization: 30-60days) Day care procedures Domiciliary procedure (ghar pe jo b cure horha hai example during COVID) Pre existing illness 20:00

[@sunnyb1638]

And today i was to enroll my parent for corporate medical insurance and you shared this..i know by the end of the video,I would be sure about what needs to be done.more power to u

[@theconfusedguy7859]

Hiii Ankur sir ❤️ I luv ur content ❤️❤️❤️ i wanted to ask you a question I m 17 and at present I have 40k in my bank ac so I was thinking that I should invest 10k of that in smallcase with monthly SIP and 15k in FDs ya I know you don't like FDs 😅 but I cannot put all of my money into stocks some I have to store so instead of keeping it in my bank ac what if I keep it in a FD What are ur opinions sir 🙌 ??

[@AbhisekkVashisht]

Hi Ankoor, Please make a video on how to choose your vehicle insurance. It's mandatory to have one and plenty of options are available.

[@anoobfrancis6613]

In corporate policy generally, the ped is covered from day one. That's what I knew when working with Bajaj Allianz general insurance.

[@virenderbhat6906]

Very much informative and a good guide for purchasing health insurance for any one who is a layman in this field. A noble service to community. Usually people end up buying costly plans. 👍👍👍

[@tusharghanti1309]

The content on this channel gets better and bettet each day ... he helps to cover every financial aspect of life.. be it investments or coverages

[@GauravkumarSingh7]

I missed it by a day. I have just taken family floater with parents cover corporate plan. Coverage 6L, premium 17k per year. For employee+spouse+2kids there was no premium cost for 4L coverage. Just to include parents, I paid 17k with increased limit of 2L overall. Now I feel I should have done more research.

[@anitasahu583]

Hii Can u plz explain what plan would b best for parents

[@coding_ss632]

I bought health insurance today for ₹27.6k for my parents after watching your video ... Thank you. Now looking for a good term insurance with critical illness & disability cover.

[@alokpisal]

Which company insurance you bought for your Parents?

[@albertishu9066]

Thank you for covering every Essential topic comprehensively... Appreciate your efforts ❤️

[@AnshumanMitra1]

Great video as usual, only one issue "Policy Bazzar". Once you put, your mobile No., They will make our life hell by calling again and again.. if , we select the option-we dont need help then also. i think Policy bazzar & Bank bazzar are the biggest spammer in True caller list.

[@conveticnetworksprivatelim7650]

I am really amazed by having your this video and right now I subscribed plan for my parents.

[@ciasma_xavi]

Why am I so envious of the way how successful people's effective speeches seem so effortless?

[@kaushaltailor4324]

Nahi oriental happy family floater plan mai family members ki age k upar alag alag premium hota hai

[@ajai_dubey]

Thank You for Sharing. ❤️ This sharing felt like real caring. : )

[@yogiarchit]

Please make more videos like this 🙏🙏🙏

[@ZubairAhmed1024]

just what I needed. Thank you for everything.

[@mrinalrikusarmah4501]

That's so so good guide for everyone.....Love you sir...from Assam ❤️🙏

[@ManishKumar-xp5fp]

Sir I did not understand the PED part that you mentioned in the video of a waiting period of 1-4 years. Would you please explain it once??

[@jjp_in]

I was sad because I missed to add my parents in corporate insurance and had no clue about insurance for parents.... This video was something that I was looking for.. Thanks sir... Very informative and need of the hour video

[@cms4460]

Apka video kafi helpful laga hai. But, ek question hai meri aap se. Kya hum parents ke liye basic + top plan simultaneously achha rahega? Agar basic +super top up plan eksath lete hai to uska pros and cons hume please bataiye. Thanks

[@alakesh.baruah]

*Kya har year Monthly premium Badte hain?*

[@rajashreeparhi1549]

1. If my father has an existing medical condition but my mother doesn't have any, do I still go for combined health insurance? 2. If my include my mother and father together it becomes a family floater plan?

[@wariko1]

Reach me with the What'sap Line above for more information , guidance and available investment. Thanks for the feedback!!

[@kartikeyasharma9738]

Thanks sir for sharing your knowledge with us . This video is very knowledgeable

[@Rishabh-kj2ed]

Thank you for educating us about what's important!!

[@amankumarmishra7365]

Sir do cover idea about Life Insurance also.

[@sateeshpateel]

NIce and clear explanation. Thank you for the information which cleared most of my doubts

[@user-bt6ei4bv3q]

thank you for the helpful information. You cleared all of my doubts.

[@gurpreetsinghsandhu3149]

Thank you for such an important knowledge piece Sir! Insurance buying is somewhat crafty.

[@samitjena6272]

Great piece of information, I was exactly looking for this. It cleared many doubts which i had before. Thank you..

[@officeofvivekbhosale8437]

Sir business cash credit account video please

[@mohitkumarhans4706]

Sir please discuss - "Super top up plan" in the upcoming videos. Very few people know about it and I think it will be very beneficiary for all the viewers. Thank you.

[@codebyte1487]

*Highly Deductible policy

[@andsrew2694]

@@codebyte1487 what do you mean by it ?

[@manyabhavya]

Yes. And also if any super top up plan are cashless

[@codebyte1487]

@@andsrew2694 its just another name of super top up plan

[@pritampatil9742]

Can anyone explain what will happen with waiting period if I am 25 yrs old, switched company, does not have any disease ?

[@utkarshrathore8895]

After switching, you previous waiting period is count, so you don't worry about waiting period. I am in star health insurance, you can contact if any query

[@janisvaz3880]

Amazing video. You answer almost all questions we youngsters have. Thank you for these videos!

[@jeevanshinde8490]

Thanku Bhai hum etna afford kar sakte aur mujhe lagta hey her koye kar sakta job ya business karta hey mom dad ke her month 5k or 6k hoga to bhi chalega ye to 3thoused something hey na thanku Bhai knowledge dene ke liye .mujhe finance boring lagta hey poetry arts ka accha lagta hey but aaj samja life me ye jarure hey kabhi socha nahi the bas money rakhta tha save karke vo bhi jada nahi hota tha but tum honest ho yaar sahi bataya aur tumhare dillchasbhi hey jo mere liye acche hey tumko policy bazzar ne money dena chaheye kay batate ho yaar thanku bhai🙏🤗

[@enscebose8466]

You are putting good work out there man for the generations to come. Sending good wishes to you and your family.

[@parameswarchatterjee6388]

Very needed video. Thankyou sir🙏

[@Akdxori]

🤙🏻Ankur Sir I waiting this vedio from whole week

[@mahaveervalivade3065]

Sir, it's a awesome series but I have few doubts, - how to claim for an insurance? - what will be the procedure after claim? - will they directly pays to hospital or will pay to us?

[@sudhanshushukla4839]

Ye aur chij Kya 5L har saal ke liye h ya lifetime me 5L milega??

[@anuradhagupta9234]

You can contact me I am in icici Lombard

[@rohanmangale5990]

There are 2 ways to claim 1. Cashless - in this you dont have to pay anything, the hospital itself contacts with the insurance company and settles the amount. 2. Reimbursement - in this you have to first pay the bills from your pocket to the hospital and then you can file the claim to your insurance company and if it is approved insurance company reimburseme you the amount Most of the insurance nowdays has cashless facility But if for any reason cashless facility is not there, you can file for reimbursement after discharge.

[@iamthebest1082]

No claim bonus sir 50% mila mujhe.. End of the first year pe. Hdfc, tata etc.

[@make_the_way]

Sir Thank you! ... Thank you so so much for clearing every doubt I was willing to take a plan for my parents but I didn't knew about the facilities that I look for...u gave me every solution...so Thank you so much... Love & respect ❤

[@tashupreet3920]

Sir u really made me to think in another way before picking health insurance for parents.... What about emi at 0% in paying off premiums plz suggest

[@pratikdeshmukh741]

I guess there is also one more point we need to consider, NETWORK HOSPITALS (IN A NEARBY VICINITY)...very very important..

[@bharathpr]

Is it paid promoting for policy bazaar

[@debarshichoudhury1779]

Hi, should i believe a policy bazaar agent or just scroll and select best policies in the website

[@garikipatideepthi2240]

Thank you so much for making this video .I have been waiting for this health insurance video after your life insurance video.i am about to take the health insurance for me and my parents few days back but I m just waiting for your video and what it's suggest about helath insurance.fortunately I didn't take the insurance yet.otherwise it is a such a waste If I take family flaot policy. You are just soooo nice in explaining .you are the reason for what I started investing in stocks and again you are the part of my decision making in taking helath insurance policy for my parents.i m sooooo great full 😊😊😊😊😊😊

[@laukikkathe574]

Points like copay/co-insurance were not discussed which is a very important criteria.

[@user-yash-raj]

This video is also about health insurance that is also curious .... definitely amazing concept....I have a question( high deductible policy) and what does mean....thanks a lot sir jee.....

[@abbie7497]

I FEEL I BUYING EACH AND EVERY POLICY FROM THE VIDEOS, WHAT SHOULD I DO BUY SEPERATE OR ONE BIG POLICY FOR EVERYTHING

[@suneetabhat1822]

Sir budgetting pe video bana dijiye

[@anoopalok9145]

Sir please make a video on SIP, from starting a SIP to ending a SIP, pros and cons, IT tax , deduction, everything about

[@anikettrivedi5801]

Liked your video but going through policy bazar I was not able to find any plans for my parents if I have the filter criteria no room limits on, any any tips for that

[@utkarshrathore8895]

Plz tell parents age and I'll suggest you a plan for him

[@MohitSinghRawat]

Loving your way for simplifying the things.

[@kunalsethi4999]

Thank You Ankur Bhai. I really didn't skipped any part of this video as it was well explained. Thanks once again :-)

[@abhisheksengupta9795]

*Amazing video. Also Watch sandeep Maheshwari insurance video. That was also really helpful.*

[@mukulsingh9609]

Very insightful. Could you please cover how to transfer corporate plan to individual plan before leaving the company.

[@chayagp5561]

Thank you sir , it was a detailed viedio and maximum doubt cleared for buying policy for parents

[@vgopal28]

I felt you should have covered about the copay which is very important aspect for the senior citizen plans

[@dikshachavan9075]

Hello Ankur Sir, thank you for sharing the information. One question, you think it is necessary to have a health insurance for parents if they already avail benefits of Central Government Health Scheme?

[@sunilthakur76]

No

[@AbhishekRAJ-tr1zn]

Thankyou sir, Super topup plans are good over regular plan or not ? Which should anyone prefer ?

[@tejassontakke8382]

Thanks for explaining in detail with simplicity. Waiting for upcoming video on the same topic.

[@xmrkkr]

Hi Ankur Please make a video on whether to invest in child education plan or invest the same amount elsewhere to get better returns say after 15 years.

[@daviddunmer3889]

I know we all give in to temptation sometimes. Here is hoping that you are more careful with influencer marketing like in the case of Vauld, going forward. I know for a fact that you will NEVER defraud anybody or promote something you know to be false. But we all make mistakes in judging companies sometimes. This series has done a lot of good for a lot of youngsters in India.

[@vijaynathani5429]

Much needed sir yesterday I was searching for the same.thank you

[@RajveerSingh-rv3fx]

I watched all the insurance series for class 11 commerce chapter all concepts cleared 👍👍 Thanks sir

[@mohitmanglani4607]

Is there any yearly renewal charges for health insurance for parents?