If you want good financial planning then the Senior Citizen Health Insurance Scheme is a must thing for you, as older people are much more prone to diseases due to their lower immunity power as compared to younger people. And most of the diseases in old age are chronic which is very expensive as well as long term. And if you have a Senior Citizen Health Insurance Plan for the older people in your home it would be very helpful for you at any uncertainty like it would really help you with the expenses.
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What is a Senior Citizen Health Insurance Scheme?
It is a type of insurance plan which covers the pre-decided medical expenses incurred by people above the age of 60 years. It provides some very important facilities to the insurance holder like Preventive health checkups and also cashless hospitalization but at the hospital which comes under the network of the insurance company.
Additional Information
| Category | Specification |
| Minimum Age Entry | 60 years |
| Maximum Age Entry | No Limit |
| Long Term Benefits | Up to 12.5 % Savings On 2 Years Plan |
| Cashless Claims | Only Available at Network Hospitals |
| Renewability | Lifetime |
| Preventive Health Checkups | Available |
| Tax Benefits | Avail Benefits up to 75000/ Financial Year (80D Of IT Act) |
Different Needs For The Insurance Plans For Senior Citizens
Have you ever thought about the emergency hospitalization of old people of your house if yes, then I think you already have purchased an insurance plan for them but if you haven’t thought about that and you have old age people in your house then this is a high think about that and purchase an Insurance plan for the old people in your house and I think knowing the needs will help you to make the decision quicker so below I have mentioned all the needs so do read them and make a quicker decision.
Increasing Health Care Cost – Day by day inflation is also hitting the medical industry due to which health care cost keeps on increasing, treatment and hospitalization these days are very very expensive which can hit hard on your pocket so if you want to meet the rising health care cost then purchasing a senior citizen health insurance is very very important for everyone.
Free Health CheckUps – After getting old one needs a regular health checkup to maintain their health properly and these checkups can also hit your pocket hard but with most of these health insurance plans one can avail free health checkups on a yearly basis but some plans offer this facility after few claim-free years.
For Your Mental Health – If you have a limited income then paying these expensive bills can be disturbing for you which ultimately going to cost you more for your treatment and with health insurance you will get peace of mind and you can focus on the health of your patients rather than expenses.
Critical Illness Cover – With old age, we face many critical illnesses related to kidney, liver, brain, and sometimes cancer whether we say it or not but we have to face the truth, and health insurance cover this illness in a basic plan or in some other forms like add on that will let you do a good checkup of your dear one.
Best Health Insurance For Senior Citizens
Below we have mentioned the best health insurance for senior citizens and you can choose the best one according to your need.
| Health Insurance Plans | Entry Age | Sum Insured (Rs.) | Pre-existing Disease Coverage | Pre-policy Medical Checkup |
| Aditya Birla Activ Care Plan | 55-80 Years | Standard: 3 lakh to 10 lakh Classic: 3 lakh to 10 lakh Premier: 5 lakh to 25 lakh | From the 3rd year | Required |
| Bajaj Allianz Silver Health Plan | 46-70 Years | 50,000 to 5 lakh | From the 2nd year | Required |
| Bharti AXA Smart Health Insurance Plan | 16-65 Years | 50,000 to 5 lakh | From the 5th year | Required for people above 45 years |
| Care Senior Health Plan | 61 Years Onward | 3 lakh to 10 lakh | From the 5th year | Not Required |
| Cholamandalam Individual Healthline Insurance Plan | 15-65 Years | Standard: 3 lakh to 5 lakh Superior: 3.5 lakh to 5.5 lakh Advanced: 4.5 lakh to 10 lakh | From the 5th year | Required for people above 55 years |
| Digit Health Care Pus Plan | 18 Years Onward | Up To 3 Crores | From 1st, 2nd,3rd, 4th, 5th year (depending on the plan Coverage) | May Be Required |
| Edelweiss Health Insurance Plan | 18 Years Onward | Silver: 1 lakh to 5 lakh Gold: 5 lakh to 20 lakh Platinum: 15 lakh to 1 crore | From 3rd, 4th, 5th year (depending on the plan variant) | Required for people above 50 years |
| Future Generali Health Suraksha Plan | 18-70 Years | Gold: 1 lakh to 5 lakh Platinum: 6 lakh to 10 lakh Topaz: 1 lakh to 5 lakh Ruby: 6 lakh to 10 lakh | From the 5th year | Required for people above 50 years |
| IFFCO Tokio Individual Medishield Plan | 18-65 Years | 50,000 to 50 lakh | From the 4th year | Required for people above 60 years |
| Kotak Mahindra Health Care Plan | 18-65 Years | Excel: 2 lakh to 4 lakh Premium: 5 lakh to 25 lakh | From the 5th year | NA |