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
Senior First
Base Sum Assured
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Ambulance
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
Golden Shield
Reset Benefit
100% unlimited reset of Annual Sum insured in a policy year.
Modern Treatments
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
Care Senior
Booster+
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Unlimited E-Consultation
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
ReAssure 2.0 Platinum +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
ReAssure 2.0 Titanium +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
Senior First
Base Sum Assured
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Ambulance
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
Golden Shield
Reset Benefit
100% unlimited reset of Annual Sum insured in a policy year.
Modern Treatments
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
Care Senior
Booster+
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Unlimited E-Consultation
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
ReAssure 2.0 Platinum +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
ReAssure 2.0 Titanium +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
Senior First
Base Sum Assured
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Ambulance
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
Golden Shield
Reset Benefit
100% unlimited reset of Annual Sum insured in a policy year.
Modern Treatments
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
Care Senior
Booster+
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Unlimited E-Consultation
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
ReAssure 2.0 Platinum +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
ReAssure 2.0 Titanium +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
Senior First
Base Sum Assured
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Ambulance
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
Golden Shield
Reset Benefit
100% unlimited reset of Annual Sum insured in a policy year.
Modern Treatments
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
Care Senior
Booster+
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Unlimited E-Consultation
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
ReAssure 2.0 Platinum +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
ReAssure 2.0 Titanium +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
Senior First
Base Sum Assured
Gold – 5 to 10 lacs Platinum - 5 to 25lacs
Ambulance
Air ambulance up to INR 2,50,000 per hospitalization Road ambulance up to INR 2,000 per hospitalization
Golden Shield
Reset Benefit
100% unlimited reset of Annual Sum insured in a policy year.
Modern Treatments
Expenses incurred for modern treatments such as immunotherapy, stem cell therapy, robotic surgeries and balloon sinuplasty
Care Senior
Booster+
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Unlimited E-Consultation
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
ReAssure 2.0 Platinum +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
Coverage for expenses for daycare treatments
ReAssure 2.0 Titanium +
AYUSH Treatment
Expenses covered maximum up to 50% of the sum insured
Day Care Procedures
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
The Basics of Health Insurance for Senior Citizens
Benefits of Health Insurance for Senior Citizens
Key Features of Health Insurance for Senior Citizens
Health Insurance Policy for Coronavirus (Covid-19)
The Fundamentals of Buying Health Insurance for Senior Citizens
How to Select the Best Health Insurance for Senior Citizens
Factors Affecting the Premium of Health Insurance for Senior Citizens
The Steps for Buying 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
Extensive coverage
Comprehensive coverage for various health needs, ensuring they are protected from high medical costs after retirement.
Lifetime renewal
Plans that offer the option of lifetime renewal, providing continuous coverage even as they age.
Hospitalisation costs
Plans that cover a significant portion of hospital bills, reducing the financial burden on seniors.
Cashless hospitalisation
In network hospitals to ensure accessible and hassle-free treatment.
Tax benefits
On premium paid under section 80D of the IT Act.
No-claim bonus
Plans that offer a bonus by increasing the sum insured for each claim-free year during renewal.
Seasonal illnesses cover
Plans that include illnesses such as dengue, malaria, and even COVID-19.
Simple Steps and Assistance for Buying an Senior Health Insurance Plan
At Paybima, buying an insurance plan is easy and you can opt for an advisor’s help anytime.
Easy-to-follow Steps
Plans for Free
Advisors Anytime
No Force Selling
Key Features of Health Insurance for Senior Citizens
Daycare costs
Plans that cover treatments and procedures under 24 hours.
Ambulance charges
Plans that cover patient transportation.
Pre-existing diseases
Plans that cover previous illnesses as per the terms and conditions of the insurance plan.
Higher-sum insured
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.
Protection with zero added costs
Home treatment is covered if the doctor recommends it
Cashless treatment and add-ons are available
Costs of PPE kits, gloves, and ventilators are covered in case it is mentioned in the terms and conditions of the policy
Health Insurance for Senior Citizens – Inclusions
What’s covered in health insurance plans for senior citizens?
Hospitalisation expenses
Covers room charges, doctor fees, nursing fees, medicines, ICU charges, surgical appliances, operation theatre charges, optical and orthopedic implants, and diagnostic tests.
Daycare treatments
Includes treatments like chemotherapy and dialysis that require less than 24 hours of hospitalisation.
Pre- and post-hospitalisation expenses
Covers relevant medical expenses before and after discharge.
COVID-19 cover
Provides coverage for COVID-19 treatment expenses up to a specified limit.
Organ donor expenses
Covers expenses during organ transplants.
Ambulance charges
Includes hospital transportation charges up to the specified limit.
Pre-existing diseases
Plans that cover previous illnesses after a specific waiting period.
AYUSH expenses
Plans that cover AYUSH treatments received at government-recognised hospitals.
Domiciliary hospitalisation cover
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
Self-inflicted harm
Plans that do not cover expenses from self-inflicted injuries or attempted suicide.
Substance abuse:
Treatment for drug, alcohol, or intoxicant abuse is excluded.
Ailments within 30 days
Not covered, except accidental injuries, if diagnosed within 30 days of plan purchase.
Cosmetic surgery
Plans that do not cover costs for cosmetic procedures.
Dental treatments
Plans that do not cover preventive or cosmetic dental care, unless arising from an accident.
Treatment of AIDS
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.
Comprehensive coverage
Look for a specific senior citizen policy that covers various medical conditions and does not have added costs.
Budget-friendly
Select a plan within your budget; add-ons can be chosen later.
Lifetime renewability
Opt for policies with lifetime renewability for continuous benefits.
Cashless hospital network
Ensure your plan includes a wide network of hospitals for cashless treatment.
Coverage amount
Verify the sum insured to cover medical expenses adequately.
Pre-existing conditions waiting period
Check waiting periods for immediate treatment needs.
Add-on benefits
Confirm availability of add-ons before choosing a plan.
Sub-limits
Be aware of disease-specific or room-rent sub-limits.
Medical examination
Pre-screening is usually optional, but some insurers may require a test.
Choose the Health Cover As Per Your Need
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.
Age
Starting early lowers premiums due to lower disease risks.
Health history
Healthy individuals pay less than those with health issues.
Policy duration
Long-term policies have lower premiums.
Payment frequency
Annual payments often get discounts as compared to monthly payments.
Base plan choice
Opt for a plan that meets your needs without extra riders.
Avoid harmful habits
Smoking, drinking, and chewing tobacco can raise premiums.
Location
Premiums vary based on the geographic location – metro, tier 1 or 2 or climate, and other medical and healthcare facilities.
Starting plan for 55 years old
₹ 2,000/ mo
*The starting price is Indicative and may vary. Pricing and eligibility depends on the profile. Standard T&C apply.
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.
Share personal details
Provide personal and health information to begin the policy procedure.
Browse plans
Analyse the plans, compare quotes, features, network hospitals, waiting period and other details.
Compare shortlisted policies
After shortlisting 2-3 policies as per your requirements, review them together by clicking the ‘compare product’ box.
Add riders
Select the appropriate riders or add-ons for extra cover.
Complete proposal form
Enter required details for e-KYC.
Make payment
Pay online using credit/debit cards, UPI, wallets, or net banking.
Document upload
Upload the required documents.
Get the policy
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.
Premium vs. Coverage and Benefits
Network Hospitals
Pre-existing Diseases Coverage
Waiting Period
Cost-sharing Features (co-payment, deductibles)
Discounts, Benefits, Reward Points and Bonuses
Claim Settlement Ratio
Insurer's Reputation & Financial Strength
Start Early for a Lower Premium
*The starting price is Indicative and may vary. Pricing and eligibility depends on the profile. Standard T&C apply.
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:
Get the best rate as per your requirements
Clearly understand the policy features and benefits
Maximize coverage amount
Avail wellness and discount opportunities
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
Do You Have any Insurance Related Concerns?
Our IRDAI Certified insurance advisor is a click away.
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Ask Anything as We Have Answers to Everything in Insurance
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.
