Best Senior Citizen Health Insurance

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As people grow older, their health deteriorates, they face physical challenges, and they face financial constraints. As a result, sufficient health insurance is needed to cover medical expenses in the ‘golden years.’ Senior citizen health care policies provide a much-needed option for those who are 60 years or older. These policies, which provide healthcare to those over the age of 65, have been a blessing to a significant percentage of India’s seniors.

Why Do Senior Citizens Need Health Insurance?

As people grow older, their health deteriorates, they face physical challenges, and they face financial constraints. As a result, sufficient health insurance is needed to cover medical expenses in the ‘golden years.’ Senior citizen health care policies provide a much-needed option for those who are 60 years or older. These policies, which provide healthcare to those over the age of 65, have been a blessing to a significant percentage of India’s seniors.

To meet rising healthcare costs- Seniors and their families need adequate health insurance. With rising medical expenses and hospitalization costs, purchasing a senior citizen health insurance policy is becoming increasingly necessary for elderly citizens to ensure that they obtain the best healthcare possible.

Critical illness coverage– When you get older, the chances of being diagnosed with critical illnesses like heart disease, kidney disease, cancer, and so on increase. You will get serious disease add-on coverage for people over the age of 60 with a senior citizen health insurance policy.

Annual Health Check-ups– Senior citizens should take advantage of annual health check-ups because they must receive medical screening on a regular basis. As a result, annual health check-up facilities will help reduce the costs associated with them.

Peace of Mind– Paying off hospital bills can be difficult for the elderly, particularly when medical rates for both minor and major illnesses continue to increase. In the current situation, a health insurance policy will give peace of mind to senior citizens and their families.


Health insurance for senior citizens has a number of advantages.

  • Annual health screenings, a 30-day free trial period, and simple renewal and reload options are all included.
  • Pre-existing conditions are compensated after a shorter time of waiting.
  • These plans are renewable for the rest of your life.
  • The majority of plans have an entry age of about 80 years.

Healthcare has recently become one of the most costly necessities. It can be difficult for seniors to choose the correct health insurance package because many of them are either too expensive or need lengthy medical examinations that are difficult to complete.

Fortunately, you will find the right plans for your needs by comparing different policies based on the following criteria!

Senior Citizen Best Health Insurance

#1. Star Health Red Carpet:

Star health insurance

Star Health Red Carpet is one of the most recommended health care plans for seniors because it provides comprehensive coverage at an expanded entry age of 65-75 years. It was also one of the first insurance schemes in India to be planned exclusively for senior citizens’ health care needs.

Major Takeaways:

  • 4450-18000 (premium) (service tax excluded)
  • ICU expenses, care expenses, surgeon’s fees, doctor fees, blood, ventilation, prescription costs, diagnosis, and other in-patient hospitalization expenses are covered.
  • Up to 7% of pre-and post-hospitalization costs are covered.
  • The cost of an emergency ambulance is covered.
  • Only network hospitals are eligible for treatment.
  • The cost of domiciliary care is protected.
  • There is no need for a medical examination.
  • Pre-existing conditions are protected beginning the first year 
  • 30-days waiting period with no coverage.
  • Helpline Number available 24 hours a day
  • Direct settlement within the company

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#2. National Insurance Varistha Mediclaim:

 National Insuranc

This is one of the most cost-effective healthcare policies available, with several advantages. It has a good reputation among consumers and insurance providers for developing effective policies and resolving claims quickly. In terms of premiums and coverage, it is one of the most suitable plans for seniors.

Major Takeaways:

  • Premiums: 4180-6890 for Mediclaim; 2007-2288 for serious illnesses
  • Nursing costs, boarding expenses, ICU expenses, nursing expenses, surgeon’s fees, cost of blood, oxygen, cost of medications, pacemaker, and other hospitalization expenses are covered.
  • Expenses for living quarters are protected.
  • The costs of the organ donor are covered.
  • Critical illness insurance is an alternative.
  • Pre-existing conditions are protected from the outset with a 10% premium increase.
  • Allowance for admission for people aged 60 to 80 years.

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#3. Oriental Insurance HOPE:

Oriental Insurance

This insurance program is for all senior citizens over the age of 60, and it provides a wide variety of benefits, including coverage for specific diseases. Along with health care, the program offers a variety of other benefits. It has a reputation for high dispute resolution and incurred claim ratios.

Major Takeaways:

  • 4500-29000 (premium)
  • Hospitalization costs, such as boarding, nursing, and ICU fees, as well as the fees of a doctor, physician, anesthetist, consultant, or specialist, are covered.
  • The cost of an emergency ambulance is covered.
  • Anesthesia, blood, oxygen, operating room costs, surgical instruments, and medical tests such as X-rays are all covered.
  • Medicines, medications, consumables, artificial limbs, and prosthetic devices, such as a pacemaker, are all covered.
  • Domiciliary hospitalization has a range of benefits.
  • Provides a discount on the rate for those who want to pay a voluntary co-payment.

#4. Bajaj Allianz Silver Health:

Bajaj Allianz

As you get older, health insurance becomes more costly, and this program ensures that all of your medical expenses are covered. If you and your partner need costly medical treatment, the package protects both of you. Under the respectable name of Bajaj Allianz, it is a comprehensive health care package that provides great flexibility in terms of the amount guaranteed.

Major Takeaways:

  • 1995-29039 (premium)
  • The age difference between entry and exit is 46-70 years.
  • The proposal promises to pay up to 3% of admissible hospitalization costs.
  • Expenses incurred prior to and after hospitalization are covered.
  • Ambulance costs, up to a maximum of Rs.1,000, are compensated in an emergency.
  • From the second year of the scheme, it covers pre-existing illnesses and diseases.
  • The scheme is eligible for a 5% discount for families.
  • If the policyholder pays a higher fee, the co-payment is waived.
  • Section 80D of the Income Tax Act provides tax incentives on premiums charged.

#5. New India Assurance Health Insurance:

new India insurance

This is one of the most recommended health care policies for senior citizens because it covers hospitalization expenses, including both pre-and post-hospitalization costs. Unani, homeopathic, and ayurvedic treatments are also covered for seniors. This package includes coverage for diabetes mellitus and hypertension for an additional 10% premium charge.

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Major Takeaways:

  • 3850-7650 (premium)
  • The age difference between entry and exit is 60-80 years.
  • For a period of 30 days, pre-hospitalization costs are covered.
  • 60 days of post-hospitalization costs are covered.
  • Hospitalization costs for injuries/illnesses are covered.
  • The cost of an ambulance is covered.
  • If a patient is admitted to a registered homeopathic/ayurvedic, coverage is minimal.
  • Unani hospital or a government hospital
  • Only if the patient has had the policy for at least 18 months with the insurer will they get pre-existing condition coverage.
  • Pre-existing conditions such as diabetes mellitus and its complications, asthma, and others are protected until the program has been in place for at least 18 months and the extra fee has been charged.
  • Depending on the customer’s choice, the amount assured may be either Rs.1 lac or Rs.1.5 lacs.

For seniors, health insurance may be prohibitively costly. Determining and selecting the right healthcare package for you and your loved one will help you avoid unnecessary hospital visits and keep your money in your bank account.

How to choose Best Health Insurance for Senior Citizen

There are several medical care options available for senior citizens on the market. So, how do you choose the right health insurance package for senior citizens? To make things easier for you, here are a few checkpoints.

  • To determine the type of coverage required, consider the seniors’ lifestyle and medical history.
  • Consider the different types of coverage available for various illnesses and ailments, as well as the sub-limits and, if applicable, the standards for medical exams.
  • Check the pre-existing condition waiting time.
  • Check the minimum age for admission.
  • Patient location and network – It would be better if there are good hospitals closer to home.
  • The amount covered and the premium.

Claim Settlement

When policyholders are hospitalized or need emergency medical care, Senior Citizen Health Insurance requires them to make a health insurance claim. These programs make it easier to get medical and get cashless care at a network hospital or reimbursement for treatment costs. In either event, on both cashless and reimbursement requests, the policyholder must notify their insurer within 24 hours of hospitalization.

Tax Benefits

This health insurance program not only ensures that you can receive health benefits when you need them, but it also qualifies you for a tax deduction under Section 80D of the Income Tax Act of 1961. If you have a medical programme for senior citizens for your elderly parents, you are eligible for an Rs. 30,000 income tax refund. An extra Rs. 5,000 discount is available for annual preventive health checkups.

You will get an extra income tax refund of Rs. 25,000 if you’re already working and paying health insurance premiums on behalf of your son or daughter. This means you can claim a maximum tax deduction of Rs. 60,000 under section 80D.

Will Coronavirus Health Insurance be provided for Senior Citizens?

If the insured has COVID, health care policies for senior citizens cover COVID-related hospitalizations. The plan will cover the expenses of being admitted to the hospital. Consumables, on the other hand, would not be covered, which would be significant in COVID cases. PPE packs, face masks, gloves, sanitizers, and other items are included in these prices. Furthermore, if you have COVID and purchase a senior health insurance plan, your disease will be deemed a pre-existing condition and will not be compensated during the pre-existing waiting period.

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