Best Health Insurance Plans for Senior Citizens in India

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Updated on Nov 24, 2022

Senior citizens require a health insurance plan given their deteriorating health, low income and high medical costs. Since life expectancy is increasing, senior citizen face a serious financial threat in case of recurring medical contingencies. That is why, a health insurance plan dedicated to cover such individuals is necessary. Insurance companies understand the need of a senior citizen health plan and are therefore offering attractive senior citizen plans.

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With more than twenty insurance companies each offering a senior citizen health insurance plan, finding the best plan is a difficult choice. To make the choice easier, here is a list containing the best health insurance plans for senior citizens:

Name of the plan Sum insured offered Entry age criteria Salient features
Bajaj Allianz Silver Health Plan Rs.50, 000 to Rs.2 lakhs in multiples of Rs.50, 000. Rs.2 lakhs to Rs.5 lakhs in multiples of Rs.1 lakh 46 years to 70 years Basic coverage features of inpatient hospitalisation, pre and post hospitalisation, ambulance costs and day care treatments

A waiting period of only one year for pre-existing illnesses

10% increase in sum insured as no claim cumulative bonus

National Insurance’s Varishtha Mediclaim Rs.1 lakhs and Rs.2 lakhs 60 years to 80 years Option to avail premium discount or enhance the sum insured as no claim bonus

Free health check-ups once in three policy years

Diabetes and hypertension covered from the start at the payment of an additional premium

Free inbuilt critical illness cover

Star Health Senior Citizens Red Carpet Plan Rs.1 lakh to Rs.5 lakhs in multiples of Rs.1 lakh. Rs.7.5 lakhs and Rs.10 lakhs 60 years to 75 years Policy is accepted without any pre-entrance medical heck-ups

Outpatient expenses incurred on medical consultations are covered

Low pre-existing waiting period of 1 year

5% premium discount for buying the policy online

Apollo Munich Optima Senior Rs.2 lakhs, Rs.3 lakhs and Rs.5 lakhs 61 years and above Free e-opinion in case of critical illness

Cashless hospitalisation across more than 4000 hospitals

5% premium discount for not making any claim in a policy year

Organ donor and domiciliary treatments are covered

Max Bupa Heartbeat Gold Rs.5 lakhs, Rs.7.5 lakhs, Rs.10 lakhs, Rs.15 lakhs, Rs.20 lakhs, Rs.30 lakhs and Rs.50 lakhs No entry age restrictions AYUSH treatments are covered

Inbuilt maternity and new born coverage

10% increase in sum insured as no claim bonus

Daily cash allowance in case of hospitalisation exceeding 2 days

Free annual health check-ups

Religare Care Rs.3 lakhs, Rs.4 lakhs, Rs.5 lakhs, Rs.7 lakhs. Rs.10 lakhs to Rs.30 lakhs in multiples of Rs.5 lakhs. Rs.30 lakhs to Rs.60 lakhs in multiples of Rs.10 lakhs. Rs.75 lakhs, Rs.1 crore, Rs.2 crores, Rs.3 crores and Rs.6 crores No entry age limits. Daily allowance for hospitalisation

Free annual health check-ups

Second opinion in case of critical illness

Automatic sum insured restoration

So, you can choose from any of these available plans for senior citizens.

Choose wisely!

Also Read: Best Health Insurance Plans for Senior Citizens in India

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Mar 18, 2021
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