Health Insurance Plans for Individuals above 70 years in India

Health Insurance for Senior Citizens above 70 Years

The senior citizens are most vulnerable in terms of health, and they need more care and protection. When it comes to health insurance, having a comprehensive plan for the elderly is vital and it is easy to buy. There are many good options of senior citizen mediclaim policy offering smart features.

With the rising cost of medical treatment and the limited sources of income for the elderly, having a good insurance becomes a must for senior citizens so that they can bear their medical expenses. The recent introduction of many attractive and feature-packed plans of health insurance for senior citizens above 70 years has made the elderly relax in terms of their health worries.

4 Common Features and Benefits of Senior Citizen Health Insurance Plans in India

Let us see some of the attractive features offered with senior citizen health policies. Knowing the features will make your selection of health policy for the elderly easy.

1. Co-pay feature

This feature is generally available in elderly health plans. With this feature, insurance companies want to make sure that individuals share claims in a ratio that is already defined within the range of 10-30%. This feature underlines the claim amount to be paid by the owner of the policy for raising a claim each time.

2. Restricted Sum Assured

In this plan, the sum assured is generally limited. As such, senior citizens are liable to pose more risks of health emergencies, so insurance companies limit the maximum coverage amount between the range of 1 to 3 lakh rupees.

3. Pre-existing diseases

Pre-existing ailments are the ones that the insured might be suffering from during the time of purchasing a plan. These diseases are not covered under a policy during the waiting period. Even in the case of health policies for senior citizens, there is a waiting period of 2-4 years before the elderly could avail the coverage of already existing diseases.

4. Medical check up

Most health plans for elderly needs an obligatory health check-up to be done of the insured before they could purchase the policy. The insurer gets the health assessment done to evaluate the health risks that the insured presents.

Along with the above features, the best health insurance for senior citizens also offer other regular features and benefits as offered by the normal health plans.

Now, let us have a look at some of the best plans for senior citizens that are available in India

5 Best plans for senior citizens:

1. New India Assurance Senior Citizen Mediclaim Policy

This is one of the best health insurance for senior citizens that is available for elderly people between the age group of 60 to 80 years. The policy can be availed by them till the age of 90 years with regular renewal.

Basic coverage include

• Expenses for pre-hospitalization & post-hospitalization
• Costs incurred in the use of Ambulance
• Other hospitalization costs diseases and injuries etc.
• Ayurvedic medical charges
• Cost of Unani/Homeopathic cure

Other information

• Age of Entry between 60 to 80 years
• Period of Renewability available till 90 years
• Sum Assured is between 1 lakh to 1.5 lakh rupees
• Co-pay Ratio for this policy is 10%
• Waiting period for pre-existing diseases is 18 months
• Medical Examination is a must for this plan

Also Read: Government Health Insurance Plans and Schemes for Senior Citizens

2. Star Health Senior Citizens Red Carpet Policy

This is another good plan that you can avail by entering at the age of 60 years and until you are 75. This is again a lifetime renewal plan that offer good coverage for the elderly.

Basic coverage include

• Hospital costs for both pre – post hospitalization
• ICU charges
• Fees of doctors/surgeon’s etc.
• Ambulance Charges,
• OPD Cost

Other information

• Age of Entry between 60 to 75 years
• Period of Renewability available lifelong
• Sum Assured is between 1 lakh to 1.10 lakh rupees
• Co-pay Ratio for this policy is 30%
• Waiting period for pre-existing diseases is 12 months
• Medical Examination is a not compulsory for this plan

3. TATA AIG Medisenior Plan for senior citizens

This plan is available for elderly citizens. Anyone who is 61 years old and beyond can utilize this plan. There is no maximum limit of entry age in this plan.

Basic coverage include

• Inpatient hospitalization
• pre-post hospitalization
• Domiciliary procedure
• Organ donor costs
• Ambulance charges etc.
• Day care charges

Other information

• Age of Entry between 61 years and above
• Period of Renewability available lifelong
• Sum Assured is between 2 lakh to 5 lakh rupees
• Co-pay Ratio for this policy is 15 – 30%
• Waiting period for pre-existing diseases is 48 months
• Medical Examination is compulsory for this plan (50% medical cost incurred by insurance company if the policy is purchased)

4. Apollo Munich Optima Senior Plan

This health plan is created for citizens who are 61 years old and beyond.

Basic coverage include

• Inpatient hospitalization
• pre-post hospitalization
• Ambulance charges etc.
• Day care charges
• Organ donor expenses
• Domiciliary treatments etc.

Other information

• Age of Entry between 61 years and above
• Period of Renewability available lifelong
• Sum Assured is between 2, 3 or 5 lakh rupees
• Co-pay Ratio for this policy is 15 – 30%
• Waiting period for pre-existing diseases is 36 months
• Medical Examination is compulsory for this plan (50% medical cost incurred by insurance company if the policy is purchased)

Also Read: Health Insurance Plans for Senior Citizens

5. United India Senior Citizens Health Plan

This is another health plan created for senior citizens between the age group of 61 to 80 years.

Basic coverage include

• Inpatient hospitalization
• Day care charges
• Domiciliary treatments
• AYUSH treatment expenses

Other information

• Age of Entry between 61 to 80 years
• Period of Renewability available lifelong
• Sum Assured is between 1 to 3 lakh rupees
• Co-pay Ratio for this policy is 20%
• Waiting period for pre-existing diseases is 48 months
• Medical Examination is necessary for this plan (50% medical cost incurred by insurance company if the policy is purchased)

To Conclude

It is for sure that the senior citizens require good health coverage to deal with their medical emergencies during old age. However, before buying any plan it is important to know the procedure of filing claim settlement well along with knowing the various inclusions and exclusions of the plans.

Since there are many plans available for health insurance for above 70 years in India, you have the option of going through them all and compare them well before finally making the purchase.