Parents Healthcare & Elder Care Calculator
Calculate medical & living care funds for elderly parents with medical inflation.
Why You Need a Dedicated Elder Care & Healthcare Fund
Medical inflation in India typically runs at 8% to 14% annually—significantly higher than general retail CPI inflation. Healthcare expenses, nursing care, home assistance, and diagnostic treatments double every 6 to 8 years. Planning a dedicated investment corpus ensures your aging parents receive dignified, high-quality care without compromising your personal retirement or family goals.
How Medical Inflation Compounds
A monthly healthcare expense of 30,000 today will grow to over 64,000 in 10 years at an 8% inflation rate. By factoring in expected returns on equity and hybrid mutual funds, this calculator shows the exact monthly SIP needed today.
Tax Benefits & Health Insurance
In addition to investing via SIPs, purchasing senior citizen health insurance provides tax deduction under Section 80D up to 50,000 annually for parents aged 60+.
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