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Top 5 Senior Citizen Health Insurance Plans To Buy In 2021

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

With the pace at which medical costs are increasing every year, health insurance for senior citizens or parents is a must. Medical costs are increasing at a rate of about 15% to 20% each year on average. Indians pay about 75% of their medical expenses out of their own pocket, which is an interesting fact.

We've compiled a list of the best health insurance policies for seniors, as well as tips about how to choose the correct plan to ensure sufficient coverage.

Top 5 Senior Citizen Health Insurance Plans To Buy In 2021

Following are the top 5 Senior Citizen Health Insurance Plans you can consider buying in 2021 -

1. Aditya Birla Active Care Senior Citizen Health Insurance

Aditya Birla has developed a health insurance scheme specifically for senior citizens. With too many restrictions, purchasing health insurance can be a difficult process. This health care scheme, on the other hand, covers individuals up to the age of 80. The following are the advantages to which they are entitled:

Features:

  • The amount of coverage varies between Rs. 3 lakhs and Rs. 25 lakhs.
  • The minimum age requirement is 55 years, with a maximum age of 80 years, making it an excellent health package for the elderly.
  • Nursing at home and emergency equipment at home are covered after hospitalisation.
  • Expenses for ventilators and oxygen tanks after hospitalisation are also covered.

2. Silver Health Plan for Senior Citizens by Bajaj Allianz

Bajaj Allianz is a well-known brand for creating customer-centric insurance policies. One such coverage is Silver Health, which provides health care to senior citizens.

Features:

  • The insurer pays for in-patient hospitalisation costs.
  • Expenses incurred prior to and after hospitalisation are protected (up to a maximum of 3 percent of admissible hospitalisation expenses)
  • Ambulance charges are protected up to a maximum of Rs 1000 per argument.
  • A health claim administration team has been developed in-house.

3. Bharti AXA Smart Super Health Insurance (Bharti AXA Smart Super Health Insurance)

This proposal is ideal for elderly people up to the age of 65. The sum guaranteed, on the other hand, varies between Rs. 5 lakhs and Rs. 1 crore, since senior citizens need a higher coverage amount to receive care for major illnesses at their age.

Features:

  • The minimum and maximum sums guaranteed are Rs. 5 lakhs and Rs. 1 crore, respectively.
  • Expenses for inpatient care, such as diagnostic tests, surgical instruments, operation theatre, ICU costs, medical practitioner fees, and AYUSH treatment, up to the amount assured cap.

4. Medical attention Health Insurance and Freedom

This coverage was created by Care Health Insurance (formerly known as Religare Health Insurance) for people over the age of 46. Since there is no upper age limit, it is an ideal health package for senior citizens. Many of the plan's coverage, advantages, and drawbacks are as follows:

Features:

  • 3 lakhs, 5 lakhs, and 7/10 lakhs are the amount insured options.
  • The duration of a policy will range from one to three years.
  • Annual health examinations, which include blood checks, lipid profiles, LFT, KFT, and other tests.
  • After 3 days of hospitalisation, a lump sum payment of consumable allowance is made on a regular basis for a period of 7 days.)

5. Chola Healthline Individual Insurance Plan

Chola Individual Healthline plan is a senior citizen-friendly insurance package with a 65-year entry age limit and a lifetime renewal option. Standard, Advanced, and Superior are the three options for this strategy.

Features:

  • The Chola MS Individual Healthline coverage covers hospitalisation costs such as doctor visits, ICU fee, prosthetic device implantation, and organ transplantation cost.
  • Pre-hospitalization expenses for 60 days and post-hospitalization expenses for 90 days
  • The Chola Individual Healthline Advanced Plan covers OPD dental expenses.

For health care, there is no such thing as a one-size-fits-all package. You can find that each of the various health insurance policies in the market is unique in its own way, with its own set of benefits and limitations. Choose the plan which meets your specific requirements in the best manner.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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