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Only 18% senior citizens have health insurance: Survey

As per the Survey report, 42 per cent of the respondents sometimes feels insecure about financial matters.

ET Bureau|
Updated: Oct 07, 2019, 10.12 AM IST
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29 per cent respondents say their parents are covered under the employers' health insurance plan.
Nearly 26% of them are helped by their adult children, reveals a recent survey by Aditya Birla Health Insurance.

Who helps you with finances in case of medical emergencies?
  • 32% - I am in full control of my finances. I keep money handy for an emergency.
  • 10% - When needed, I seek help from my neighbours.
  • 14% - My relatives and friends help out many times.
  • 26% - My children take care of such situations.
  • 18% - I have health insurance cover.

What would be your anxiety if you have to reach out to your children financially?

How concerned are you about your financial matters?
  • 37% - Not at all. I am financially secured.
  • 42% - Sometimes I feel insecure.
  • 12% - Frequently
  • 9% - All the time. It is my main worry

Have you made financial plans for medical emergencies for parents?
  • 47% Yes, I have made provisions.
  • 24% Not yet, but I will make provisions soon.
  • 17% Do not feel the need. Parents are financially stable.
  • 12% They have taken care by purchasing Insurance themselves.

Should all employer plans cover employees’ parents?

Do you know if your parents have medical insurance?

Source: Indian Parental Care Survey 2019. The survey was conducted among 998 senior citizens in the 60-70 age group, and 1,002 offsprings in the 30-45 age group in 10 cities.

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