: Be wary of "room rent traps" or disease caps. According to Assure Fintech , a policy with a high headline sum can sometimes only cover about 40-50% of actual costs in the first year due to waiting periods and exclusions.
: You must prove that you would suffer financial hardship if they passed away—for example, if you are responsible for their medical bills or funeral costs. Policy Types : buy insurance for parents
: Your parents must know and provide written permission for the policy. : Be wary of "room rent traps" or disease caps