Best Health Insurance Policy in India for Senior Citizens

Indian Health Insurance for Senior Citizens

The human body cannot be trusted of the same level of energy and stamina all through lifetime. Health goes for a set back as age advances. Once you cross the retirement age, your steady income meets a dead end and your health related problems starts invading all your savings. A Health Insurance Policy comes off as a great assistance at that phase of life. These policies extend reimbursement of hospitalization costs included in the terms and conditions of the same. Many Non Life Insurance Companies have come up in the Indian corporate world to provide health assistance to senior citizens and get benefited from it.

Inclusions in Senior Citizen Health Insurance Plan

Most senior citizen health insurance policies include the following plan:

  • Hospitalization Cover that includes expenses such as room charges, doctor fees, nursing fees, cost of medicine and drugs, etc. The patient receives the waiver after being admitted for more than 24 hours.
  • Day care expenses that includes use of equipments or procedures such as chemotherapy, dialysis, etc.
  • Pre existing diseases covered in the terms and conditions section of the insurer.
  • Medical expenses occurred before and after the hospitalization.
  • Ambulance charges will include transportation of the insured that is subjected to maximum limit.

We have come with a compilation of the top companies offering Health Insurance Policy for Senior Citizens in India below:

1. The New India Assurance Company Ltd

The New India Assurance Company LtdThe New India Assurance Company Ltd has introduced a Senior Citizen Mediclaim Policy in its plan for senior resident in India aged between 60 and 80. Under this plan, the takers need to undergo a prescribed pre-acceptance health check to help identify pre-existing diseases at their own expenses.

The policy covers areas such as:

  • hospitalization expenses,
  • pre- and post-hospitalization expenses up to 30 and 60 days,
  • ambulance charges,
  • limited cover for hospitalizations in government and /or registered Ayurvedic/Homeopathic and Unani hospitals etc.

However the most important exclusions include: Dental treatment; Debility and General Run Down Conditions; Sexually transmitted diseases and HIV (AIDS), Cosmetic surgery, Vaccination and Inoculation,     Cosmetic surgery, Pregnancy and child birth, Nuclear Weapon, War etc.

2. United India Insurance Company Ltd

United India Insurance Company LtdUnited India Insurance Company Ltd has also come up with a senior citizen health plan under the name of Senior Citizens Health Insurance Policy in India. It allows a maximum of 3 lakhs to the insured person as Daily Cash Allowance and Additional Premium Allowance during hospitalization.

The policy covers areas such as:

  • family discount of 5% if the insured has one or more family members,
  • 50% reimbursement on Pre Policy Medical Check Up upon acceptance of the proposal,
  • free health checkup at the expiry of a block of every three continuous claim,
  • platinum policy to cover pre existing diseases,
  • hospitalization expenses after 24 hours of admission

However the most important exclusions include: Dialysis, Chemotherapy, Radiotherapy, Eye Surgery, Dental Surgery, Lithotripsy (Kidney Stone removal), D & C, Tonsillectomy etc. Joint Replacement, Age related osteoarthritis, and Osteoporosis will be covered after 4 years.

3. Star Health Insurance Company Ltd

 Star Health Insurance Company LtdStar Health Insurance Company Ltd has the Senior Citizen Red Carpet Plan for its senior citizen in India. This plan has been introduced for people between 60 and 75 years of age. And the best part is it includes no pre-insurance medical test.

The policy covers areas such as:

  • hospitalization expenses including rent, nursing and boarding charges, Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees, Cost of Medicines and Drugs etc.
  • Ambulance charges during emergency transportation,
  • Post-hospitalization charges up to the specified limit,
  • Specific day-care procedures,
  • Sub-limits for specified illness

However the most important exclusions include: Any illness diagnosed within 30 days of inception of policy; 1 year waiting period for Benign Prostrate, hypertrophy, hernia, hydrocele, etc.; 2 year waiting period for cataract, joint replacement etc.; Cosmetic treatments or plastic surgery; Naturopathy treatment; external congenital diseases etc.

4. Bajaj Allianz’s Silver Health Plan for Senior Citizens

Bajaj Allianz's Silver Health PlanBajaj Allianz’s Silver Health Plan for Senior Citizens protects you and your spouse in the later phase of your life where there might be a need of expensive medical care. It will cover all your medical expenses in the most convenient and with the best options.

The policy covers areas such as:

  • pre-existing illnesses covered with quick disbursement of claims,
  • cashless facility and innovative packages according to your needs,
  • hospitalization expenses and ambulance charges of up to Rs.1000,
  • health checkup in designated Bajaj Allianze Diagnostic centers

However the most important exclusions include: 1 year waiting period for hernia, piles, cataract, benign prostatic hypertrophy, hysterectomy etc; Non-allopathic medicine; Cosmetic, aesthetic or related treatment; 4 year waiting period for Joint replacement surgery; mental illness or psychiatric illness etc.