Senior citizen health insurance
Prepare for any unplanned medical expense and safeguard your hard-earned savings.
Senior Citizen Health Insurance is a type of Mediclaim policy for senior citizens between the age group of 60 to 75 years. This policy covers disease or pre-existing illness expenses, daycare expenses, health check-ups, and cashless hospitalization facilities.
Benefits of Senior Citizen Health Insurance
Every health insurance company has to provide coverage to individuals up to the age of 65 years. This is to facilitate them with financial protection at later stages of their life. Some other major benefits of this plan are as follows.
Medical coverage to elderly people of age above 60 years.
Cashless medical treatment in best hospitals including ambulance fees, doctor fees, and medical bills.
Pre-hospitalization and post-hospitalization expenses are also covered under the insurance plan.
No-Claim Bonus is rewarded as a discount for the years when the insured hasn’t claimed the sum.
This health insurance policy offers tax deductions to senior citizens under section 80D of the Income Tax Act.
Why do you need Health Insurance for Senior Citizens?
These three vital reasons explain why Health Insurance is imperative for senior citizens are –
The Increasing Healthcare Costs
With health issues, healthcare expenses are also unpredictable. Especially when a person enters their 60s, they might start showing signs of sickness. In this circumstance, the health insurance policy can help them avail of a seamless healthcare service without burdening a huge medical cost on his family.
Critical Illness Cover
Critical illness cover includes the expenses of critical disease like cancer, kidney problems, heart ailments, and more. The senior citizen health insurance plan financially protects the elderly individuals.
Annual Health Check-up Facilities
Health Check-ups are essential for every senior citizen. Get annual health checkup facilities with the health insurance policy.
- Hospital Expense
- Day Care Treatments
- Pre and Post Hospitalization
- Covid 19 Cover
- Organ Donor Expenses
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This health insurance policy doesn’t cover –
- Pre Existing Diseases or Injuries
- Cosmetic Surgery
- Treatment Cost of AIDS
Things to Consider While Buying Policy
For securing your health after your 60s, you need to be prepared with an insurance plan that will help protect you financially in medical emergencies. Before buying a health insurance policy, there are some important factors that you need to consider.
Daycare Treatments
When hospitalization is not suitable for the health of the patient, day-care treatment becomes the only path. Daycare techniques like chemotherapy, dialysis, radiotherapy, etc. are not included in many companies’ health insurance policies. So, check for a plan which offers good day-care treatments.
Cashless Hospitals
You need to check out which hospitals are covered under your senior citizen health insurance policy. Insurance companies have networks with many hospitals but not all hospitals provide cashless treatment facilities.
No Claim Bonus
Many insurance providers offer a No Claim Bonus as a form of a discount on the policy if no claim is filed by the policyholder. So, you should check out if your policy provider has this feature too.
Free Medical Health Check Facility
On completion of certain years of policy from a company, the company may offer annual free medical health checkup facilities. This can be extremely beneficial for you as health check-ups are generally very costly.
