Best Senior Citizen Health Insurance Plans in India

Best Senior Citizen Health Insurance - We talk about the importance of health insurance for various sections of society. But we often ignore its importance for the elder thinking that it may not serve the purpose.

Usually, we believe that senior citizen health insurance plans come with capping, high health premiums and do not offer adequate coverage features. But it’s, of course, not true at all.

Health insurance plans for senior citizens help the elderly enjoy the golden period of their life without any worries. Which is why it is better to timely purchase a relevant health plan for them.

Don’t worry if you know anyone who is aged above 60 years and has no health insurance policy. It is never too late to buy health insurance for seniors.

Let us discuss 5 Popular Senior Citizen Health Insurance Plans in India you can buy in 2020  -

1. Star Senior Citizens Red Carpet Health Insurance Policy

  • Minimum and maximum entry age: 60 years and 70 years respectively
  • Sum insured options: Rs. 1 Lakh to Rs. 7.5 Lakh on Individual basis; Rs. 10 Lakh to Rs. 25 Lakh on family floater basis
  • Policy term: 1, 2, and 3 years
  • Major benefits: Free health check-up, OPD cover, all daycare procedures covered, discounts on premium offered

2. Bajaj Allianz Silver Health Senior Citizen Plan

  • Minimum and maximum entry age: 46 years and 70 years respectively
  • Sum insured options: Rs. 50,000, Rs. 1 Lakh, Rs. 1.5 Lakh, Rs. 2 Lakh, Rs. 3 Lakh, Rs. 4 Lakh, Rs. 5 Lakh
  • Policy term: Annual
  • Major benefits: Family discount, No Claim Bonus, free health check-up, in-patient hospitalisation expenses, cover for daycare procedures

3. Universal Sompo Senior Citizen Health Care Plan

  • Minimum and maximum entry age: 60 years and 70 years respectively
  • Sum insured options: Rs. 1 Lakh, Rs. 2 Lakh, Rs. 3 Lakh, Rs. 4 Lakh, Rs. 5 Lakh,
  • Policy term: 1, 2 and 3 years
  • Major benefits: Cover for domiciliary treatment, daycare procedures, pre and post hospitalisation expenses, cumulative bonus

4. TATA AIG MediSenior Health Insurance Policy for Senior Citizen
 

  • Minimum and maximum entry age: 61 years; no limit
  • Sum insured options: Rs. 2 lakh, Rs. 3 Lakh, and Rs. 5 Lakh
  • Policy term: 1 and 2 years
  • Major benefits: Cover for daycare procedures, pre and post-hospitalisation expenses, in-patient hospitalisation expenses

5. Varishtha Mediclaim Policy for Senior Citizens

  • Minimum and maximum entry age: 60 years and 80 years respectively
  • Sum insured options: Rs. 1 Lakh and Rs. 2 Lakh
  • Policy term: 1 year
  • Major benefits: Cumulative bonus, option of discount, ambulance charges, critical illness cover

Why Buy Senior Citizen Health Insurance Plans

Senior citizen health insurance plans help the older generation cope up with health issues, the treatment of which costs high. Not only such plans offer the senior citizens' financial help, but good health as well.

Some major benefits that make senior citizen health insurance plans a must buy are listed below:

  1. Senior citizen health insurance plans offer a benefit of free health check-ups which the policy buyers can avail annually without paying anything extra. It monitors the insured person’s health and promotes a healthy lifestyle.

  2. Pre and post-hospitalisation expenses are covered to protect the insured in a long period of illness.

  3. Most senior health insurance plans cover pre-existing diseases.

  4. These plans cover ambulance expenses and reduce the impact of miscellaneous health care costs.

  5. Considering soaring healthcare costs in India, the senior citizens are offered a higher sum insured range under the plans.

Features of Senior Citizen Health Insurance Plans

Senior citizen health insurance plans are designed to offer financial aid for medical treatment to people aged above 60 years when they require it the most. Read about some common features of senior citizen health insurance plans below -

  • These plans can be purchased on an individual or family floater basis.

  • Pre-medical screening is not required in most senior citizen health insurance plans.

  • These plans offer a free look period to the policy buyers during which they can thoroughly read and understand the policy terms and conditions.

  • Senior citizens can avail cashless and quality treatment in empanelled network hospitals with these plans. Expenses of room rent, doctor’s fee, medical bills are included in this facility.

  • Senior citizens can enjoy tax benefits on the premium paid for health insurance plans under Section 80D of the Income Tax Act.

How to Choose Health Insurance for Senior Citizens?

Before putting any senior citizen insurance product in your cart, make sure you check on a few factors that help you make the right buying decision. These factors include-

  1. Cost - You must look for a plan which has been designed for people with a fixed limited income.
  2. Convenience - Look for health insurance plans which incorporate maximum features so senior citizens can see treatment easily.
  3. Coverage - Choose a plan that covers vulnerabilities that come with old age.

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Takeaway

You can always get optimal health insurance with a good senior citizen health insurance plan at a reasonable cost from InsuranceDekho.

If you find difficulty in choosing one for yourself, you can give our customer care executives a call on our toll-free number 1800-1205-698 and get your queries solved.

So, buy a comprehensive health insurance plan for senior citizens today and worry less!

Click to know more about Senior Citizen Health Insurance. 

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