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

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.

Choose wisely!

 

FAQs on Health Insurance Plans for Senior Citizens

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

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.

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.

Author Bio

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.

Choose from India’s top insurers

Latest Post

When you're planning to take a personal loan, knowing your monthly EMI in advance can help you stay financially prepared. The Muthoot Personal Loan EMI Calculator is a simple and efficient tool that provides instant EMI estimates based on your loan amount, interest rate, and tenure.

See nowSee now

See nowSee now

Relocating your two-wheeler to a different state needs to follow many procedures. Depending on the duration for which you are moving to the new place, it becomes necessary to transfer your vehicle papers if it is for more than a year. Although tedious, the process of relocating vehicles can become easy if you follow certain tips mentioned in this post. Read on!

See nowSee now

In what’s being called a quiet healthcare revolution, India’s young working professionals are reportedly making the most health insurance claims – outpacing even senior citizens. Surprised? So are the insurance providers. Young adults ranging between 25 and 35 years, who are often assumed to be in peak health, are now dominating the charts in health insurance claims by age. 

See nowSee now

If you think lifestyle-related health issues only show up after 40, think again. Youth no longer guarantees immunity. Today’s 25 - 35 age group is increasingly facing medical issues that only plague older adults. The reason? Long working hours at the desk, deliveries on speed dial, and a social life that rarely includes a decent amount of sleep are some of the reasons for the early onset of medical conditions like diabetes, anxiety, and hypertension.   

See nowSee now