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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.
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.
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