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Top 5 Senior Citizen Health Insurance Plans To Buy In 2022

Published On Apr 16, 2021 5:30 AM By KANIKA WADHWA

The risk of severe illnesses is increasing, and the uncertainties in people's lives have increased the demand for health insurance policies. It has now become important to secure the health of our loved ones with a health insurance plan, as it compensates for the high cost of medical treatments. Moreover, it will ensure the quality of care of the policyholder at private hospitals. You must buy a suitable health insurance policy that can provide enough coverage for all your family members at an affordable price. 

Several plans, like family floater health insurance plans, provide coverage for you, your spouse, children, and dependent parents. But, if there is a case of critical disease, then you must buy a separate health insurance policy as the treatment of critical diseases requires high costs.

Senior citizens in the family must be insured under a separate health insurance policy as they are more vulnerable to contracting a critical disorder. The cost of treatment of diseases for senior citizens has increased over time, and also, the premium of the health insurance plan for old people costs higher than usual. 

Hence, it is important to make a wise decision by securing the health of our elderly loved ones. It will save your financial savings from getting drained and will also relieve you from the stress of hospital bills and other medical expenses. 

Best Health Insurance Plans For Senior Citizen To Buy In 2021

The following are some of the most widely bought senior citizen health insurance plans in the health insurance market:

  • HDFC Ergo My Health Suraksha Plan

This HDFC Ergo health insurance plan has been designed specifically for senior citizens.It provides rebound for the sum insured and comes with other benefits like pre and post hospitalization expenses, domiciliary expenses, organ donor expenses, and much more. This is a comprehensive and affordable deal for insuring your family members who are senior citizens

  1. Oriental Senior Citizens HOPE Insurance Plan

This coverage is provided by Oriental Health Insurance Company, which is well-known for its high claim settlement ratio and high-quality customer service. Some of its basic inclusions offer compensation for surgeon fees, room rents, ICU charges, chemotherapy costs, nursing expenses, and a lot more. It requires a mandatory co-payment of 20% of the admissible claim amount and has a 2-year waiting period for pre-existing diseases.

3. IFFCO Tokio Individual Medishield Plan

The IFFCO Tokio Individual Medishield Plan is available for senior citizens up to the age of 80 years. It covers all the hospital expenses, organ donor finance, AYUSH treatments, and much more. Moreover, you can cover 10 additional critical illnesses under this policy, and it covers a 10% discount for additional members. 

4. Kotak Health Care Plan

This senior citizen health insurance plan with extensive coverage is available for people aged 60 to 65, and it comes with a lifetime renewability benefit on its policy for the policyholders. The range of claims under this plan is between Rs. 2 lakh and Rs. 10 lakh. This plan includes convalescence benefits, donor fees, a critical illness cover option, daily cash allowances, etc. without any restrictions on the maximum age limit.

5. New India Assurance Senior Citizen Mediclaim Policy

If you are looking for an affordable and cost-effective health insurance plan, then the New India Assurance Senior Citizen Mediclaim Policy could be a good fit. Customers with pre-existing diseases would have to wait for around 18 months before claiming the bought policy. However, the standard coverage is 30 days from the date of purchase of health insurance coverage. The inclusions of this policy are pre and post-hospitalization expenses, ambulance charges, room rent, AYUSH treatments, health checkups, and much more.


Apart from the above-shared senior citizen health insurance plan, there are plenty of other options too that are available in the market. You must carefully go through the policy terms before investing in a particular plan.

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