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Health Insurance Plans for Senior Citizens in India

Health insurance for senior citizens is for those people who are 60 years old. It is health insurance for the old people to cover their medical expenses due to old and hospitalization. Senior citizen health insurance offers many benefits like periodic health checkups of the elder people. 

Health insurance for senior citizens is available on an individual or family basis. A senior citizen’s health insurance protects the old people against any medical emergency/need. 

Under the senior citizen health insurance, there are many facilities provided to the senior citizens from cashless hospitalization to the coverage of pre-existing illness/diseases or any critical illness. 

Some of the senior citizen health insurance also includes the Covid-19 treatment in their insurance policies. The health insurance for senior citizens in India also includes the expenses that occurred due to pre and post-hospitalization. 

These senior citizen health insurance policies are designed to cater to the needs of the senior citizens and provide additional benefits like tax benefits on the premiums. With the help of the best health insurance for senior citizens in India2021, one can reduce the financial and physical burden of oneself in the case of an emergency hospitalization or any medical treatment.

Why it is important to buy health insurance for senior citizens?

As we all know that elderly people are more prone to critical illness/ diseases due to their old age. This can lead to their hospitalization in emergency cases. Due to their old age, this can result in heavy financial strain on the elderly / family members of the elderly people. With the help of senior citizen health insurance policies, this financial strain is reduced as it helps the common citizens to reduce their medical bills in such emergency medical cases and provide quality medical services to the elderly people.

The senior citizen’s insurance policies can also help those elderly people who are diagnosed with critical diseases or some long-term illness that needs medical attention for a long period. Health insurance for senior citizens can help the old aged people with their medical expenses. This health insurance for senior citizens covers the medical bills extensively. 

It does not matter if your employer provides you a family health plan or a group health insurance policy that guarantees to cover the medical expenses of the elderly people because these insurance policies may not be enough for the uncertain medical emergencies when it comes to old aged people. 

That is why it is advisable to purchase a pocket-friendly best health insurance for senior citizens in India. The best health insurance in India provides coverage against any unseen medical emergency in the future.

What is covered in a senior citizen health Insurance?

Although all the senior citizen health insurance policies provide different facilities under the Senior citizen health insurance but here are some common subjects that are covered by almost every Health insurance for senior citizens in India in 2021.

  • Hospitalization coverage- Most of the senior citizen health insurance policies provide coverage against the hospitalization cost including the charges of the patient room, fee of doctor, Charges of ICU, Surgical appliances cost, Medicine cost Nursing fee, etc. Most of the health insurance for senior citizens in India also include Test done for diagnosis purpose, orthopedic implants, etc compulsory for the hospitalization purpose of the senior citizens. 
  • Daycare- Some of the medical treatments require the daytime without any hospitalization of more than 24 hours. These treatments are covered under most of the Senior citizen health insurance policies. 
  • Pre and Post Hospitalization Cost- The medical expenses under the senior citizen insurance policies are also provided. This provides financial aid to the policyholders.
  • Cost of Organ donor- There are many instances when elderly people require a specific organ transplant. These transplants are aided with the help of the best health insurance for senior citizens in India in 2021. 
  • Ambulance- The ambulance charges in case of emergency circumstances are also covered under most of the health insurance policies for senior citizens in India. 
  • Pre-diagnosed ailment- If a senior citizen is diagnosed with a disease before buying the Senior citizen health insurance then it is also covered under the Senior citizen health insurance policies. 
  • AYUSH- Some of the best health insurance for senior citizens also cover the medical expenses that occurred under the AYUSH medical treatment. 
  • In-House medical treatment coverage- under the best health insurance for senior citizens in India2021, the facility to cover the cost of house expenses are also covered.

What is not covered under the best health insurance plans for senior citizen

The expenses that are not covered under specific health insurance for senior citizens strictly depend on the terms and conditions of respective health insurance for senior citizens India. This can help you to make sure that the coverage under the senior citizen health insurance does not get denied to you. The list is mentioned below- 

  • Cosmetic surgery- The cosmetic surgery-related expenses are not covered under the Health insurance for senior citizens. If the surgery is due to some unfortunate events then it might get claimed otherwise for beauty enhancement the coverage against cosmetic surgery is not applicable. 
  • Self-inflicted injuries- If any of the injuries are caused by the intention of self-harm then the coverage is not provided in such cases. This can include suicide attempts and any activity that can be counted as self-inflicted. 
  • Accidents due to adventurous activities- No coverage is provided to the senior citizens in such cases where they are injured due to extreme sports activities such as paragliding. 
  • Intoxication/Drug- Under the senior citizen health insurance the medical coverage is not provided to those elderly who get health issues due to drug or alcohol abuse, tobacco chewing, smoking, etc.
  • Weight control treatment- Your medical coverage can not be claimed under a weight control treatment like bariatric surgery, obesity treatment, etc.

Many of the other conditions involve the medical diagnosis done within the 30 days of buying the health insurance for senior citizens, any injury that is caused by the foreign army, or civil war. Any dental /lenses or spectacles-related coverage is not provided unless it arises due to an accident. The treatment of AIDS is also not included under the Health insurance for senior citizens in India. 

Best Health Insurance for Senior Citizens in India 2021

Here are some best health insurance policies for senior citizens in India that you can benefit from:

Insurance Provider Health insurance Plan Sum Age
Bajaj Allianz Health insurance  Silver Health Plan  50 thousand to 5 lakh  40-70 years
Aditya Birla Health Insurance  Activ care senior citizen plan  10 lakhs to 25 lakhs.  55-80 years
National Health Insurance  National Insurance Varishtha Mediclaim policy for senior citizens  1 lakh to 2 lakh 60-80 years 
SBI Health Insurance  Arogya Top Up policy  3 lakh to 18 lakh  65 years 
Bharti AXA Health Insurance  Smart super health insurance plan  5 lakh to 1 crore  18-65 years 
Kotak Mahindra Health Insurance  Kotak Health care Plan  2 lakhs to 100 lakhs  65 years
Max Bupa Health Insurance  Health companion family floater plan  2 lakhs to 1 crore  No age limit

Here is some information on the Senior citizen’s health insurance policies below.

1. Bajaj Allianz Health Insurance

Bajaj Allianz health insurance for senior citizens is also known as the silver health plan for senior citizens. Bajaj Allianz is famous for its customer-oriented approach. The silver health plan for senior citizens is also such customer-friendly senior citizen health insurance.

Key features of this health insurance for senior citizens

  • The in-hospitalization cost is borne by the insurer
  • Pre and post-hospitalization costs are covered under this health insurance for senior citizens.
  • Under this senior citizen health insurance, the emergency ambulance charges are covered by the insurer.
  • The administration team for the in-house hospitalization is functional.
  • The additional bonus of 5% is added to the limit of indemnity in case of no claim 
  • A special family discount of 5 % is available under this health insurance for senior citizens. 

Limitations

  • Waiting period- the pre-diagnosed ailments only get covered from the second year since the senior health insurance plan was purchased. 
  • No coverage is given under this health insurance for senior citizens before the 30 days initially
  • A waiting period is required in case of joint replacement surgery. The waiting period is 4 years under this health insurance for senior citizens. 
  • The proposer bears all the costs related to the pre-medical screening. 
  • A co-payment of 20 % is necessary in case the medical treatment is provided in a non-network hospital under this senior citizen health insurance policy. 

2. Aditya Birla Health Insurance

This health insurance for senior citizens is provided by Aditya Birla Health Insurance.  Many health insurance policies can confuse us, however, the Health insurance for senior citizens under this policy is very beneficial to the insured. The benefits and the limitations are mentioned below – 

Key features of this health insurance for senior citizens

  • One of the best health insurance policies as the coverage amount is pocket friendly (3 lakhs to 25 lakh)
  • This is ideal health insurance for senior citizens as the minimum age starts from 55 and goes up to 80 years.
  • Under this best health insurance for senior citizens in India, coverage for home treatment after post-hospitalization is also available.
  • Under this best health insurance for senior citizens in India 2021, the coverage for post-hospitalization oxygen cylinders are also provided
  • This health insurance for senior citizens provides a paid 586 daycare.
  • International /domestic emergency air ambulance services are offered under this health insurance for senior citizens which makes it one of the best health insurance plans for senior citizens.   

Limitations

  • A waiting period of 24 months is necessary for the coverage of pre-diagnosed ailment.
  • Under this health insurance plan for senior citizens, co-pay is applicable.

3. National Health Insurance

National Insurance is one of the most known best health insurance plans for senior citizens. National Insurance is one of the most trustworthy insurance providers for a long time. The name and reputation of National Insurance are enough for the people to trust national insurance’s facilities and services. 

  • National insurance is famous for its innovative approach and hassle-free claim. Let’s see the important features of National insurance-
  • Under National Insurance’s VARISHTHA Mediclaim policy for senior citizens, all the costs related to the hospitalization of the patient to his/her medical and nursing-related expenses are covered. National insurance also covers the Medical Expenses of the patient including the diagnostic tests. 
  • The national insurance covers the costs related to the hospitalization of the patient, before and after. 
  • The National insurance also provides the cost coverage to the in-house medical treatments under its senior citizen health insurance policies. This is one of the most attractive parts of national insurance. 
  • National insurance provides the policyholders to opt for the optional critical cover under its health insurance for senior citizens in India. 
  • Under the National insurance’s health insurance for senior citizens, donor expenses are also covered
  • The national insurance also provides expense coverage against hypertension and diabetes. This applies to the start of the national insurance policy for senior citizens. 
  • The national insurance provides a bonus of 5% in case of a claim-free year to its senior citizen health insurance policyholders. 
  • The national insurance provides the reimbursement facility every three years to the people who opt for the periodic health check-up.

Limitation

Every health insurance for senior citizens has its drawbacks and limitations, national insurance policy is no exception, here are some limitations when it comes to national insurance-

  • The waiting period under the national insurance is 1 year for the pre-diagnosed ailments under its health insurance for senior citizens.
  • Under the national insurance senior citizen health insurance policy, the waiting period is 30 days. No coverage is provided to any critical illness during this period. 
  • Under the senior citizen health insurance provided by national insurance, 10% of charges will be paid by the policyholders of the age group of 76-80 years. 
  • The national insurance provides a pre-acceptance check-up for the new policyholders of health insurance for senior citizens. 

4. SBI Health Insurance- Arogya Top Up Policy

This is among the best health insurance plans for senior citizens. This best health insurance in India is ideal for people who have not crossed the age of 65 years yet. This best health insurance plan in India is provided by one of the major financial institutions SBI.

Let’s have a look at the key features of this health insurance for senior citizens- 

  • Daycare Coverage for 142 days 
  • One of the best health insurance plans for senior citizens, as it covers the pre-hospitalization cost for 60 days and 90 days after the patient gets discharged. 
  • All the treatment costs including the medication and care facilities are covered under this health insurance for senior citizens in India.
  • Includes the coverage of physiotherapy to the policyholder. 
  • Maternity costs are also covered under this senior citizen health insurance.

Limitation

  • Under this senior citizen health insurance, the coverage for the pre-existing illness is covered only after the four years of the Insurance Policy. 
  • Under this health insurance plan for senior citizens in India, medical screening is compulsory.

Frequently Asked Questions

Q1. Is it beneficial to buy a senior citizen health insurance?
Ans. Yes, it would be advisable to buy a health insurance policy for your parents as the cost of medical expenses is rising continuously. This can help you in handling the financial strain on your budget during financial emergencies. 

Q2. What are some of the best health insurance plans for senior citizens in India?
Ans. Some of the best health insurance for senior citizens are provided under SBI Health Insurance, National Health Insurance, Aditya Birla Health Insurance, Bajaj Allianz Health insurance, Bharti AXA Health Insurance, Kotak Mahindra Health Insurance, Max Bupa Health Insurance, etc. 

Q3. What is national insurance?
Ans. National Insurance is one of the most prestigious insurance service providers which provides one of the best health insurance plans for senior citizens. You can check the important features of the policy in the article above. 

Q4. What is the maximum age limit for buying a Senior citizen health Insurance?
Ans. The Maximum age limit for buying health insurance for senior citizens in India is different for every health insurance service provider. 

Q5. How much can I invest in a senior citizen health insurance plan?
Ans. You can invest in a senior citizen health plan according to your need. There are many health insurance plans for senior citizens which provide a minimum amount limit of INR 1 lakh and can extend up to INR 1 crore. 

Q6. Does SBI provide health insurance for senior citizens?
Ans. Yes, the State bank of India is one of the prominent health insurance providers for senior citizens. It provides health insurance from INR 3 lakh.

Marketvein Staffhttps://www.marketvein.com/
Born libra, likes to lead from the front. Digital Marketing & Technology is his strength. He has pursued engineering. Travelling to new places & writing is his idea of fun. In his free time (if he gets some that is), he is seen donning the chef's hat at home.

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