Old age demands proper medical care, which in turn requires judicious financial planning,” says Ashish Mehrotra, MD & CEO, Max Bupa Health Insurance.Agrees Nitin Vyakaranam, Founder & CEO, ArthaYantra: “If parents cross 65 years, a medical cover can be expensive. He has also bought an independent cover of Rs 10 lakh for his parents because while “my mother is included in my employer cover, my father is not. Says Vyakaranam: “Don’t completely change the debt portfolio to an equity-oriented one. “The Rs 25 lakh portfolio was spread across debt, mostly in fixed deposits and post office schemes. You can park up to Rs 15 lakh in investthe scheme to form the debt component of your parents’ portfolio.

Source: Economic Times March 05, 2018 00:56 UTC