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Best Senior Citizen Health Insurance Plans To Buy In 2023

Published On Sep 16, 2021 12:00 PM By InsuranceDekho

Due to the increase in the uncertainties in the life of the people, it has become important to secure the health of people with a health insurance policy as it compensates for the high costs of medical treatments and it also ensures quality treatment of the policyholders at the private hospitals. You must invest in a suitable health insurance policy that can provide enough coverage to all your family members at an affordable price. There are several plans like family floater health insurance plans which can cover you along with your spouse, children, and dependent parents. But, if there is a case of critical diseases then you must buy a separate health insurance cover as the treatment of critical diseases requires high costs.

Senior citizens in the family must be insured under a separate health insurance cover as they are more vulnerable to contract a critical disorder. The cost of treatment of diseases for senior citizens has increased over the time and also, the premium of the health insurance plan for old people costs higher than usual. Therefore, securing the health of the old people in your house with a senior citizen health insurance plan is a wise decision to make as a policyholder. It can save your financial savings from getting exhausted and it also helps the customers in relieving the stress due to hospitalization and its payments.

Best Health Insurance Plans For Senior Citizen To Buy In 2021

Following are some of the widely bought senior citizen health insurance plans in the health insurance market:

1. HDFC Ergo My Health Suraksha Plan

This health insurance plan by HDFC Ergo has been curated exclusively for senior citizens. It provides rebound for the sum assured 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 to insure your senior citizens under a suitable health insurance plan.

Must Read: Why to Buy a Senior Citizen Health Insurance Policy?

2. Oriental Senior Citizens HOPE Insurance Plan

This cover is offered by Oriental Health insurance firm which is quite popular for its high claim settlement ratio and quality services for the customers. Some of its basic inclusions offer compensation for surgeon fees, room rents, ICU charges, chemotherapy costs, nursing expenses, and a lot more. It has a compulsory co-payment of 20% on the admissible claim amount and comes with a waiting period of 2 years for pre-existing diseases.

3. IFFCO Tokio Individual Medishield Plan

This plan is available for customers up to the age of 80 years and hence, it is of great use for the senior citizens as it covers the medical dues of hospitalization, organ donor expenses, AYUSH treatments, etc. For additional coverage around 10 critical illnesses can be covered under this policy with discounts of up to 10% for additional members included under this cover.

4. Kotak Health Care Plan

This senior citizen health insurance plan with extensive coverage is available for people of age 60 to 65 years and it comes with a lifetime renewability benefit on its policy for the policyholders. The claim amount for this plan ranges from Rs. 2 Lakh to Rs. 10 Lakh. with no restrictions on the maximum age limit in this plan, it comes with convalescence benefits, donor expenses, critical illness cover option, daily cash allowances, etc.

5. New India Assurance Senior Citizen Mediclaim Policy

This is one of the affordable and cost-effective health insurance policies in the insurance market. For pre-existing diseases the customers have to wait for around 18 months before claiming the purchased policy and for standard coverage it is 30 days from the date of purchase of the policy cover. The inclusions of this policy are pre and post-hospitalization expenses, ambulance charges, room rents, AYUSH treatments, health checkups, and much more.


Apart from the above mentioned 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.

Also Read: 5 Myths About Senior Citizen Health Insurance Plans

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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