Affordable health insurance plans for people aged above 60 years

Health insurance policies must be bought on time by the individuals as they are important to support your medical expenses at the time of an emergency. After crossing the age of 60 years, you need to have a financial backup to cover up your medical expenses. With the increase in age, the vulnerability of the people to get ill or contract diseases also increases, therefore you must invest in a suitable health insurance policy keeping in mind your age, financial budget, medical history, etc. 

Standard health insurance plans are not enough to cover up the medical expenses of individuals above the age of 60 years, as they are at a risk of contracting life-threatening diseases. The rate of premiums for senior citizens is greater than that for younger people. There are senior citizen health insurance plans customized especially for people above the age of 60 years to make sure that they are financially aided and physically relieved at the time of hospitalization.  You can buy a senior citizen health insurance plan for yourself or your dependent parents at an affordable price, thus shielding their health. 

Affordable Health Insurance Plans For People Above The Age of 60 Years 

There are a plethora of options to choose from when buying a senior citizen health insurance policy. You must always compare several plans available in the market to choose the suitable one for yourself. Let us look at some of the affordable plans for individuals above the age of 60 years: 

1. Aditya Birla Activ Care Senior Citizen Health Insurance Policy 

This senior citizen health insurance plan covers the medical expenses for people up to the age of 80 years and assures the sum ranging from Rs. 3 Lakhs to Rs. 25 Lakhs.  The age limit to avail the facilities of this plan is from 55 to 80 years. The policy also covers pre and post hospitalization expenses, and pays for 586 days of daycare procedure. It also includes the AYUSH treatment expenses and ambulance charges for both international and domestic emergencies. 

2. Bajaj Allianz- Silver Health Plan For Senior Citizens 

This customer-oriented plan offers comprehensive health insurance plans to the senior citizens. It compensates for the in-patient hospitalization, emergency ambulance, pre and post hospitalization expenses, and a lot more. It also offers a 5% discount on family plans, and 5% of cumulative bonus is added to your limit of indemnity for every claim-free year. There is a 20% co-payment on treatments received in a non-network hospital of the insurance company.

3. Bharti AXA Smart Super Health Insurance 

This health insurance cover is suitable for people up to the age of 65 years. It assures the sum of Rs. 5 Lakhs to Rs. 1 Crore. With its high coverage amount it provides benefits on inpatient hospitalization, domiciliary hospitalization, AYUSH treatments, etc. You can also get an add-on cover for critical disorders at an affordable price under this health insurance policy. 

4. Future Generali Health Suraksha Individual Plan 

This comprehensive health insurance plan is for people up to the age of 70 years. It provides a coverage amount ranging from Rs. 50,000 to Rs. 10 Lakhs and covers benefits like daycare procedures, organ donor expenses, accidental hospitalization, lifetime renewability of policies, and much more. Family discounts are also available under this plan for the policyholders. 

5. IFFCO Tokio Individual Medishield Plan

This health insurance plan is available for the applicants up to the age of 80 years and it covers the basic expenses like pre and post hospitalization, daycare procedures, organ donor expenses, etc. Non-allopathic or AYUSH treatment costs are also looked after under this plan by the insurer. By including an add-on cover under this policy you can cover up to 10 critical illnesses. Other discounts and offers can also be availed on this policy. 

Conclusion 

There are various senior citizens health insurance policies that are available in the insurance market. Considering the factors like your age, medical history, pre-existing diseases, financial budget, etc. you must make a choice for yourself or your loved ones. 

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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.