Diabetes, Hypertension and old age.
The diabetes and hypertension are occurring both together in Old Age people. The diabetes silently creeps in as soon as one crosses 40 years and exhibits when one cross 50 years along with hypertension. Since then he/she becomes lifetime patient has to struggle along with these ailments. Both are silent killers, and the patient himself do not understand(however educated he/she may be)the seriousness of the ailments. Both need just opposite life pattern. Hypertension needs rest while diabetes needs active life style, while sugar patient abstain sweets and take Salty items, the BP patients has to abstain salty items and could take sweets. These ailments cannot be recognized by outsiders as ailments, and no sympathy could be elicited from others. Even Government do not recognize these diseases as serious. Both the diseases bring about other complications along with them which are about two dozen complications. The medical treatment in hospitals are very costly and beyond comprehension for common man.The cost of medicines for these diseases would cross about Rs.10,000/- per month as maintenance doses. Unless Senior citizens who are not in service and not earning definitely need help from Government of India and should not leave this matter to State Governments as they have no mind to look in to. Elders need 1)Tax exemptions for their monthly routine medical expenses, 2) I.T. exemptions up to Kazakhs from the age of 65 years, 3) ELDERS I.D. CARDS from Govt.of India to get discounts in railways, buses, departmental shops, and other public and private establishments, etc. more
It is true that no appreciable benefit is available to Senior citizens apart from some good discount in rail travel and marginal benefit in Bank fixed deposits. Some concession on Medicines from Government could be of great help particularly when joint family system has broken up and old people are mostly living alone. more
Exemptions against savings for Elders will not be of any use since the Elders no more are in Earning stage and they keep their money/saving in Banks for safe custody and to make use of these savings in times of dire necessity like health conditions. many Elders do not want even FIXED DEPOSITS as they find difficult to get back cash when they are lied up with ailments. Hence they keep them as LIQUID CASH to serve immediate needs even if they get lower interest. In view of the sorrowful predicament of elders, the RBI should formulate special rules for banks to handle money in respect of Elders. Some of them are 1. Interest for Elders should be up to 10%, the upper limit for withdrawal should be increased to one or two lakshs for surgeries etc. 2.The Fixed Deposits should be tailed to suit the needs of Elders, these FDs are to be in blocks of ten thousands so that if a person deposits one lakh , he could take away ten thousand from out of it without disturbing the period of tenure. 3.The cheques must be suitably tailed to Elders. The signatures of Elders are not constant and their cheques are rejectd. Because of eye sight, many entries get over written or left out. Hence thumb impression of elders must be introduced so that cheques need not be rejected. 4.Private banks like KVB are giving exclusive privileges to Senior citizens in most of the matters. Separate toke for separate queue , first priority in dealing, providing chairs at the counter for them to sit etc., separate SB entry making machines etc. The Public Sector Banks must also follow suit and provide more facilities and kind disposition towards Elders. more
I would like to share my experience for the information of public at large. We do get IT Exemption - for the investment up to 1.5L + Mediclaim up to 15K. But every body may please be well informed - the critical illness what all people are referring too - costs much more than what we can get from these savings. This I learnt from my experience - I have been enjoying maximum IT exemption since 1987. I was advised angioplasty in Jan 2016. The estimate given to me was 5.0L. But my TPA sanctioned - only 3.3L. SO REMEMBER - MEDICLAIM IS ONLY SECOND LINE OF DEFENSE - YOU HAVE TO PLAN FOR YOUR OLD AGE. 2. If you have 2 or more insurance - for one illness at a time you can not club the two. 3. In case of Medicalim - approval depends on age of your policy - SO MAKE SURE PREMIUM IS PAID WELL IN TIME. MOST IMPORTANT THEIR IS NO GRACE PERIOD AS IN CASE OF LIFE INSURANCE. You miss premium date - your investment of years will be ZERO. SO ANY BODY WANTS TO HAVE A DECENT OLD AGE - PLAN AT A VERY EARLY AGE - YOUR SO CALLED GOVERNMENT - HAVE LOT OF OTHER THINGS TO LOOK AFTER. SELF HELP IS KEY TO SUCCESS. more
Samiran Chanda When unexpected disasters occur, insurance saves people. Tragedies can be avoided or at least mitigated. Insurance is contingency plan to manage risk. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for the premium. No insurance company will cover if you have pre existing risk/disease like critical illness, diabetics, hypertension. Hence word of wisdom protect yourself in early ages when there is no risk. Insurance do not want to cover risk which is already there. Another question of who pays or not pays Tax is not our jurisdiction, but to get proper insurance is our decision. Planning for risk covering is very important which we tend to overlook. People feel waist of money if there is no claim in a year and stop it. Same people buy shield guard for their mobile which is cheaper than their life. eg If a person of 50 year take health insurance of 5Lakh he/she might pay 15K per annum, considering he doesn't have pre existing diseases. Premium paid is covered u/s 80D +any hospitalization is covered upto 5Lakh in the premium of 15K what's bad? Why wait for someone's help. Proper Protection will not drain your wealth in case of any bad event happening in your life. Your life is precious, protect it. more
Mr.Sunita after critical disease term insurance are not allowed and for medical insurance higher premium is required. When Govt of India imposed 40% income tax 10% more than previous Govts just like developed foreign countries. Then Govt of India should follow the developed foreign countries income tax department rules and regulation to benefits given to the tax payers. In India about minimum 60% gone in taxes whether it is direct tax or indirect tax. Mainly income tax paid by salaried persons only. Govt should make a country wide survey of all citizens savings and property and verify the same from income tax return. 70% person non salaried persons are not submitted income tax return and they enjoy their hole income. more