60 Year Old with No Health Insurance? Get One Easily!
Updated On Dec 04, 2020
Buying health insurance has become more than a necessity in today’s day and age.
Be it young people or adults, everyone is looking forward to buying health insurance and securing themselves and their dear ones.
Senior citizens, being one of the most significant members of the society, are also coming forward to investing in health insurance and bidding goodbye to their medical-related financial concerns.
While many elderly people have already made their move towards health insurance, many are left to do so.
If you are approaching the 60s and still don’t own a health insurance plan, it’s time you finally take the first step. If concerned because of your age, don’t worry!
EVEN AT THE AGE OF 60 YEARS AND ABOVE, YOU CAN BUY HEALTH INSURANCE!
As a matter of fact, according to the IRDA, general insurance companies must have 65 years of maximum entry age for a standard health insurance policy.
NO INSURANCE COMPANY CAN REFUSE TO COVER AN ELDERLY PERSON OR CHARGE HIM/HER EXTRA PREMIUM WITHOUT PROVIDING A FAIR & VAILD REASON TO DO SO.
What to know before buying health insurance at the age of 60 and above?
Buying health insurance at 60 years or above age may come across as challenging for you. Therefore, it is important for you to accept that “Health insurance at the age of 60 years and above may mean lower coverage, higher premium, lower policy term, and a series of mandatory medical tests.” However, there is a reason behind the same.
Progressing age comes with chances of exponentially increasing medical crisis/health disorder. At the age of 60, a sedentary lifestyle, reduced physical activity, chances of having a pre-existing disease, etc., become quite common with people, thereby enhancing the risk for health problems and resulting in low coverage, high premium, low policy term, etc.
Features to consider while choosing a senior citizen health insurance plan
SENIOR CITIZEN HEALTH INSURANCE OPTIONS
There is a vast array of health insurance plans, specifically designed for senior citizens in India. Make it a point to choose the best possible plan after considering all the necessary factors according to your precise medical requirements.
Here is a list for you to explore:
- Care - Care Senior
A comprehensive plan for senior citizens, Care Senior can be purchased on individual or family floater sum insured basis. Available with lifelong renewability feature, the plan comes with a minimum entry age of 61 years with no maximum entry age. Offered in the form of 2 plans, Care Senior can be availed sum insured Rs. 3 Lakh or Rs. 5 Lakh, Rs. 7 Lakh, Rs. 10 Lakh. Available for a period of 1/2/3 years, Care Senior comes with a co-payment of 20% on all claims. When it comes to coverage, medical expenses related to room rent, ICU charges, pre & post hospitalisation, day care procedures, organ donor expenses, ambulance, domiciliary hospitalisation, and others are provided for.
More at : Care Senior
- Star Health - Red Carpet
Red Carpet by Star Health is an affordable plan for senior citizens. Available on individual or family floater sum insured basis, Red Carpet is renewable for lifetime. The minimum entry age for the plan is 60 years, while the maximum entry age is 75 years. The sum insured options range between Rs. 1 Lakh to Rs. 7.5 Lakh (Individual) and Rs. 10 Lakh to Rs. 25 Lakh (Family Floater). Available for a period of 1, 2, and 3 years, Red Carpet comes with co-payment of 50% on all PED claims and 30% on all non-PED claims for sum insured Rs. 1 Lakh to Rs. 10 Lakh. As far as coverage is concerned, room, boarding, nursing expenses, emergency ambulance, pre & post hospitalisation, OPD benefit, and other expenses are handled by the plan.
More at : Red Carpet
- HDFC Ergo - Optima Senior
Designed specifically for senior citizens, Optima Senior provides lifelong cover. Available on individual sum insured basis only, the policy comes with a minimum entry age of 61 years and no limit on maximum entry age. Offering sum insured options starting from Rs. 2 Lakh up to Rs, 5 Lakh, Optima Senior can be availed for a period of 1 and 2 years. While there is a co-payment of 30% on specified illness/surgeries, 15% co-payment is applicable to all day care procedures. Talking about coverage, it includes inpatient treatment, pre & post hospitalisation cost, domiciliary treatment, organ donor cover, ambulance expense, etc.
More at : Optima Senior
- Universal Sompo - Senior Citizen Health Insurance
An excellent plan by Universal Sompo, Senior Citizen Health Insurance is lifelong renewable. Available on individual or family floater sum insured, the plan has a minimum entry age of 60 years and maximum entry age of 70 years. While the sum insured options range between Rs. 1 Lakh to Rs. 5 Lakh, the policy period for Senior Citizen Health Insurance is 1 years to 3 years. Talking about co-payment, 10% on all hospitalisation claims, 20% on pre-existing diseases (including for roll-over cases), and 15% on day care procedures. Coverage under the plan includes pre & post hospitalisation expenses, inpatient treatment, AYUSH treatment, ambulance charges, optional cover for critical illnesses/surgical procedures, etc.
More at : Senior Citizen Health Insurance
- Aditya Birla - Activ Care
One of the most popular plans, Activ Care by Aditya Birla is a worthwhile investment. Offered on individual and family floater sum insured basis, the plan comes with a minimum entry age of 55 years and maximum entry age of 80 years. The sum insured options for the plan range between Rs. 3 Lakh and Rs. 25 Lakh. Available for a policy period of 1 year and 2 years, Activ Care comes in three variants, namely Standard, Classic and Premier. Co-payment under Standard and Classic Plans is 20% and 10% for Premier Plans. Prime expenses covered under the plan include inpatient hospitalisation, day care treatment, pre & post hospitalisation, home treatment, and others.
More at : Activ Care
- New India Assurance - Senior Citizen Mediclaim Policy
Offering unmatched support to the elderly, Senior Citizen Mediclaim Policy is nothing less than a boon. Easily available on individual and family floater basis, the policy features a minimum entry age of 60 years and maximum entry age of 80 years. While the sum insured options range between Rs. 1 Lakh and Rs. 1.5 Lakh, the policy is available only for a period of 1 year. For all the claims under this plan, the company’s liability is either sum insured or 90% of the admissible claim amount. When it comes to co-payment, in all the claims, the company’s liability will be the sum insured, or 90% of the admissible claim amount. Talking about coverage, it includes ambulance charges, pre & post hospitalisation expenses, AYUSH treatment, etc.
More at : Senior Citizen Mediclaim Policy
- Tata AIG - MediSenior
Helping the elderly live a comfortable life, MediSenior by Tata AIG is a worthy plan. Taken on individual and family floater basis, the policy can be renewed for lifetime. With a minimum entry age of 61 years and no maximum entry age, MediSenior offers sum insured range between Rs. 2 Lakh and Rs. 5 Lakh. Available for a policy period of 1 year and 2 years, MediSenior comes with a 15% to 30% co-payment on accommodation, 15% co-payment on all day care procedures, and 30% on specific illnesses and surgeries. Coverage under the plan includes inpatient treatment, pre & post hospitalisation expenses, organ donor expenses, and others.
More at : MediSenior
- Bajaj Allianz - Silver Health
The perfect plan for an elderly, Silver Health is Bajaj Allianz’s gift to all. Offering unmatched financial and emotional security, the policy is renewable for life. Available on individual sum insured basis, Silver Health is an annual plan with minimum entry age of 46 years and maximum entry age of 70 years. While the sum insured options range between Rs. 50,000 to Rs. 5 Lakh, the co-payment applicable is 20%. When it comes to coverage, the policy includes expenses for pre and post-hospitalisation expenses, pre-existing disease coverage, in-patient hospitalisation treatment, day care procedures, and so on.
More at : Silver Health
- United India - Senior Citizen Health Insurance Policy
Senior Citizen Health Insurance Policy is an affordable choice for senior citizens. Renewable for life, the policy is available on individual and family floater basis. Featuring a minimum entry age of 61 years and maximum entry age of 80 years, the policy comes with a sum insured range of Rs. 1 Lakh and Rs. 3 Lakh. Available for a period of 1 year, Senior Citizen Health Insurance Policy comes with 20% co-payment applicable on expenses charges as total package. In terms of coverage, you are covered for in-patient hospitalisation, specified day care procedures, pre & post hospitalisation, Ayurvedic treatment, domiciliary hospitalisation, etc.
More at : Senior Citizen Health Insurance Policy
- Future Generali - Future Varishta Bima
An excellent option for senior citizens, Future Varishta Bima is an indemnity plan, with renewability for lifetime. Available on individual and family floater basis, the policy comes with 60 years as minimum entry age and no limit for maximum entry age. The sum insured range for Future Varishta Bima starts from Rs. 2 Lakh up to Rs. 10 Lakh with a policy period of 1 year, 2 years, and 3 years. Talking about co-payment, 50% and 25% is admissible. Lastly, the coverage includes inpatient hospitalisation, road ambulance charges, pre & post hospitalisation, etc.
More at : Future Varishta Bima
- National Insurance - Varistha Mediclaim Policy
Varistha Mediclaim Policy is a popular plan by National Insurance. Offering lifelong renewability, the plan is available for those aged between 60 years and 80 years. While the sum insured for Varistha Mediclaim Policy ranges between Rs. 1 Lakh and Rs. 2 Lakh, the period for which it can be availed is 1 year. The co-payment 10% is applicable for expenses due to pre-existing diseases for which additional payment has been done. The coverage includes room rent, pre and post-hospitalisation cover, pre-existing hypertension and diabetes, critical illnesses like Cancer, Stroke, etc.
More at : Varistha Mediclaim Policy
- Oriental Insurance - HOPE (Health of Privileged Elders)
HOPE (Health of Privileged Elders) is a worthy investment for senior citizens. Featuring lifelong renewal, the policy is available on individual sum insured basis. The minimum entry age for the plan is 60 years with no maximum entry age. The sum insured options range between Rs. 1 Lakh to Rs. 5 Lakh. While there is a compulsory co-payment of 20% on admissible claim amount for every claim, the policy is available for 1 year. The coverage includes hospital admission longer than 24 hours, pre & post hospitalisation expenses, etc.
More at : HOPE (Health of Privileged Elders)
Now that you have multiple options, choose the best senior citizen health insurance plan right away!
To discuss with our experts, call at 18001205698.
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