Saturday, September 27, 2008

The Aged ...

I am these days trying to do something which i thought would be far simpler than it turns out to be ... I am looking for health insurance for my parents. Simple? Not at all. Well nigh close to impossible. None of the insurance companies who are willing you sell you the moon are willing to even touch anyone above 60 with a bargepole.

Now, i have a question ... at an age above 60 is where people require insurance the most, isnt it? And thats when insurance is not available. In other words, arent we saying, somehow, that insurance is there for you only as long as you dont need it. When you need it, dear customer, sorry ... we dont believe in customer relationships.

Three such situations come in mind ... First, health insurance for senior citizens. Second, the recent exclusion of natural calamities from the list of things covered in auto insurance (prompted by the money the insurance companies hads to pay, post the Mumbai deluge). Third, terrorism. In short, auto insurance doesnt cover floods (acts of God), nor does it cover terrorism (act of man). Why do we have insurance, someone please remind me?

Coming back to the point about insurance for the aged ... Medical costs are rising (not to add that doctors are becoming more unscrupulous). Our parents lived most of their lives in a situation where medical costs were low, and insurance was not required. Now that they have aged, they suddenly find medical costs have sky-rocketed, and insurance companies refuse to cover them. Isnt it time that we, as a society, and as a nation, do something for the elderly in the country? Or, are we to let them just with away?

1 comment:

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