Senior Citizen Health Insurance
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Senior citizen health insurance covers medical expenses and healthcare needs of individuals who are 60 years and above.
The right health insurance plan for seniors can help them get quality healthcare and ease their financial burden by covering various medical costs like hospital stays, doctor visits, tests, and medicines.
Highlights of Health Insurance
for Senior Citizens
Most Popular Senior Health Insurance Plans
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
100% unlimited reset of Annual Sum insured in a policy year.
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
100% unlimited reset of Annual Sum insured in a policy year.
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
100% unlimited reset of Annual Sum insured in a policy year.
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
100% unlimited reset of Annual Sum insured in a policy year.
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
100% unlimited reset of Annual Sum insured in a policy year.
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Expenses covered maximum up to 50% of the sum insured
Coverage for expenses for daycare treatments
Sahi Advice,
Sahi Insurance
If you have any questions related to how to choose the best insurance company, you can connect with our IRDAI certified insurance advisors.
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Health Insurance for Senior Citizens
Everything You Want to Know
Benefits of Health Insurance for Senior Citizens
Key Features of Health Insurance for Senior Citizens
Health Insurance Policy for Coronavirus (Covid-19)
How to Select the Best Health Insurance for Senior Citizens
Factors Affecting the Premium of Health Insurance for Senior Citizens
How to Buy Health Insurance for Senior Citizens
How to Compare Health Insurance for Senior Citizens
Benefits of Comparing Health Insurance Plans for Senior Citizens
Benefits of Health Insurance for Senior Citizens
Comprehensive coverage for various health needs, ensuring they are protected from high medical costs after retirement.
Plans that offer the option of lifetime renewal, providing continuous coverage even as they age.
Plans that cover a significant portion of hospital bills, reducing the financial burden on seniors.
In network hospitals to ensure accessible and hassle-free treatment.
On premium paid under section 80D of the IT Act.
Plans that offer a bonus by increasing the sum insured for each claim-free year during renewal.
Plans that include illnesses such as dengue, malaria, and even COVID-19.
At Paybima, buying an insurance plan is easy and you can opt for an advisor’s help anytime.
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Key Features of Health Insurance for Senior Citizens
Plans that cover treatments and procedures under 24 hours.
Plans that cover patient transportation.
Plans that cover previous illnesses as per the terms and conditions of the insurance plan.
Plans that offer higher sum insured coverage.
Health Insurance Policy for Coronavirus (COVID-19)
When you buy Senior Citizen health insurance, it may also cover the costs incurred in the treatment of Covid-19 if the insured person is diagnosed positive for the virus. The plan will cover your hospitalisation expenses if you are admitted because of coronavirus.
Health Insurance for Senior Citizens – Inclusions
What’s covered in health insurance plans for senior citizens?
Covers room charges, doctor fees, nursing fees, medicines, ICU charges, surgical appliances, operation theatre charges, optical and orthopedic implants, and diagnostic tests.
Includes treatments like chemotherapy and dialysis that require less than 24 hours of hospitalisation.
Covers relevant medical expenses before and after discharge.
Provides coverage for COVID-19 treatment expenses up to a specified limit.
Covers expenses during organ transplants.
Includes hospital transportation charges up to the specified limit.
Plans that cover previous illnesses after a specific waiting period.
Plans that cover AYUSH treatments received at government-recognised hospitals.
Covers expenses for home treatment if recommended by a doctor under certain conditions.
Got Existing Illness?
Select the appropriate plan that covers more than 50* existing illness
*The number of illness covered values for different insurance companies.
View PlansHealth Insurance for Senior Citizens – Exclusions
What is not covered in health insurance for senior citizens
Plans that do not cover expenses from self-inflicted injuries or attempted suicide.
Treatment for drug, alcohol, or intoxicant abuse is excluded.
Not covered, except accidental injuries, if diagnosed within 30 days of plan purchase.
Plans that do not cover costs for cosmetic procedures.
Plans that do not cover preventive or cosmetic dental care, unless arising from an accident.
Plans that do not cover treatment costs for HIV/AIDS.
How to Select the Best Health Insurance for Senior Citizens
Selecting the right health insurance for seniors in India is extremely crucial. It not only helps them manage rising medical costs but also offers peace of mind for future health needs. Consider these factors when choosing the best plan for seniors aged 60 and above.
Look for a specific senior citizen policy that covers various medical conditions and does not have added costs.
Select a plan within your budget; add-ons can be chosen later.
Opt for policies with lifetime renewability for continuous benefits.
Ensure your plan includes a wide network of hospitals for cashless treatment.
Verify the sum insured to cover medical expenses adequately.
Check waiting periods for immediate treatment needs.
Confirm availability of add-ons before choosing a plan.
Be aware of disease-specific or room-rent sub-limits.
Pre-screening is usually optional, but some insurers may require a test.
Factors Affecting the Premium of Health Insurance for Senior Citizens
When an insurance provider calculates their premium, many factors are taken into consideration, including age, pre-existing diseases, the profession of the insured, and more. Here are some key points to be kept in mind.
Starting early lowers premiums due to lower disease risks.
Healthy individuals pay less than those with health issues.
Long-term policies have lower premiums.
Annual payments often get discounts as compared to monthly payments.
Opt for a plan that meets your needs without extra riders.
Smoking, drinking, and chewing tobacco can raise premiums.
Premiums vary based on the geographic location – metro, tier 1 or 2 or climate, and other medical and healthcare facilities.
How to Buy a Health Insurance for Senior Citizens at Mahindra Paybima
Buying a health insurance policy online is very simple. You can follow these steps to buy a health insurance policy online at Mahindra Paybima.
Provide personal and health information to begin the policy procedure.
Analyse the plans, compare quotes, features, network hospitals, waiting period and other details.
After shortlisting 2-3 policies as per your requirements, review them together by clicking the ‘compare product’ box.
Select the appropriate riders or add-ons for extra cover.
Enter required details for e-KYC.
Pay online using credit/debit cards, UPI, wallets, or net banking.
Upload the required documents.
Post insurer’s approval, the policy is sent on the registered email id.
How to Compare Health Insurance for Senior Citizens
Here are some of the factors you should consider while comparing health insurance policies.
Benefits of Comparing Health Insurance for Senior Citizens
It is important to compare the best health insurance for senior citizens in India, and here are some of the reasons why:
Guaranteed Claim Support
When you buy an Senior Citizen health plan from us, we guide at every step till your claim is settled.
Start your claim process with us to get our support
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Buy health insurance not only for parents but for in-laws is possible. Just be aware of their pre-existing conditions, if any, for the policy proposal purpose.
There are many health insurance companies that offer medical insurance policies with entry age between 60 to 65 with no upper age limit. As there is no upper age limit, any individual above the age of 61 can purchase such health insurance policies.
Health treatment costs are increasing day by day. As we age, so are our costs of health care. Thus, it is important for everyone, especially senior citizens to have health insurance coverage so that they can cover the expenses of their medical costs without having to pay from their hard-earned savings.
