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


3 min read

Updated on Aug 08, 2023

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.

Visual stories by PayBima

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 | Long Term Medical Health Insurance

Found this post informational?

Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.

FAQs on Health Insurance Plans for Senior Citizens

Which is the best health insurance for senior citizens in India?

The Aditya Birla Active Care plan is a best-suited health insurance policy for senior citizens and elderly people. This policy comes in three variants–standard, classic and premier which covers 586-day care procedures

Which is the cheapest health insurance for senior citizens in India?

Star Health insurance for senior citizens is one of the most popular and affordable insurance policies for the elderly in India. In fact, this plan was one of the first launched in the country specifically for senior citizens. The entry limit for the plan is between 65 and 75 years of age.

Which health insurance is best for old age?

Medicare is the best health insurance option for seniors and retirees. For those age 65 and older or who have a qualifying disability, the Medicare program will be the cheapest health insurance with the best benefits.

Mar 18, 2021
Author Bio
Author Image

PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

Related Blogs

Would love to hear from you

Share your candid feedback. Your email address won’t be published, we promise!

All fields are required

Find your suitable insurance plan

Speak to our advisor

Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800

Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).

Insurance is the subject matter of solicitation.

For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.

Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.

Get A Call Back
Get A Call Back