Health

Top 11 Health Insurance Plans for Senior Citizens

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In recent times, the happenings around the world have become uncertain and arbitrary. The COVID pandemic has also made us reimagine our whole lives. Furthermore, the unpredictability of the infection poses a financial hazard. Other than that, medical expenses are skyrocketing. Amidst all this healthcare has become one of the most expensive needs. Therefore, getting healthcare insurance is of utmost importance. However, it can be mind-boggling for seniors to identify the right health insurance policy with a reasonable premium rate. Anyway, premium is not the only thing to keep in mind while looking for an insurance plan. Other factors such as, entry age, renewal age, waiting period, alternative opinions, and co-payment is also important. You should also be mindful of benefits like the number of hospitals covered under the policy, and hospitalization expenses.

Fortunately, we have compiled a list of 11 health insurance plans to guide you through the juggling process.

1. Star health red carpet

Star Health Red Carpet is one of the most recommended health insurance plans for seniors. It offers high coverage with an entry age of 65-75 years. Star health is the first insurance policy of India, designed to meet specifically the needs of senior citizens.

Benefits:

  • It has a 4450-18000 premium rate, excluding taxes. It covers hospitalization charges like nursing expenses, ICU expenses, surgeon’s payment, specialist payment, charges for blood, oxygen, medicines and diagnosis. It covers 7% of pre- and post-hospitalization charges.
  • The plan also includes emergency ambulance cost, treatment in mentioned network hospitals, domiciliary treatment, cost for treatment of pre-existing disease and 30 days initial waiting period.
  • No medical screening is required.

2. National Insurance Varistha Mediclaim

National Insurance Varistha Mediclaim is one of the most affordable healthcare policies. The insurance company offers hassle-free and efficient plans for seniors.

Benefits:

  • The premium for mediclaim is 4180-6890 and for serious ailment is 2007- 2288. The policy covers hospitalization expenses, nursing charges, boarding costs, ICU payments, surgeon’s cost and charges for blood, oxygen, diagnosis, medicines and medical equipment.
  • The plan covers domiciliary expenses.
  • Includes organ donor expenses
  • Covers pre-existing disease of age window 60-80 year with a premium of extra 10%

3. Oriental Health Insurance

Oriental health insurance covers the senior citizens above the age of 60 years. The health insurance policy offers several benefits and includes specified diseases.

Benefits:

  • The policy offers a premium of 4500-29000. The policy covers hospitalization expenses, nursing charges, boarding costs, ICU payments, surgeon’s cost and charges for blood, oxygen, diagnosis, medicines and medical equipment.
  • The coverage also includes the cost of anesthesia, operation charges, appliance for surgery and diagnostic tests.
  • Includes domiciliary benefits.
  • Offers a discount on voluntary co-payment.

4. Bajaj Allianz silver health care plan

Bajaj Allianz offers insurance policies covering the heavy healthcare cost as you age. The plan covers the medical expenses of you and your spouse.

Benefits:

  • The policy offers a premium of 1995-29039 with the entry-exit age gap of 46-70 years.
  • The policy covers hospitalization expenses, nursing charges, boarding costs, ICU payments, surgeon’s cost and charges for blood, oxygen, diagnosis, medicines and medical equipment. The coverage also includes the cost of anesthesia, operation charges, appliance for surgery and diagnostic tests.
  • Covers pre-existing illnesses and diseases from the second year of the policy.
  • A 5% family discount on the policy.
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5. New India Assurance

The policies offered by New India Assurance are one of the best. The policy covers diabetes mellitus and hypertension for an extra 10% premium payment.

Benefits:

  • The policy offers a premium of 3850-76509 with the entry-exit age gap of 60-80 years.
  • Pre hospitalization cost covered for 30 days, post hospitalization cost covered for 60 days.
  • The policy covers hospitalization expenses, nursing charges, boarding costs, ICU payments, surgeon’s cost and charges for blood, oxygen, diagnosis, medicines and medical equipment. The coverage also includes the cost of anesthesia, operation charges, appliance for surgery and diagnostic tests.
  • Limited coverage if the patient is hospitalized in any registered ayurvedic/ homeopathic, Unani or government hospitals.

6. Optima Secure health insurance

Optima Secure health insurance is one of the most beneficial plans for the seniors. It offers 4X coverage with no additional cost. Isn’t it an amazing deal?

Benefits:

  • Up to 50% discount on premium.
  • Offers benefits like no room rent capping, wider pre- and post-hospitalisation, unlimited day-care procedures.
  • Covers 80 days of pre hospitalization and 120 days of post hospitalization.
  • Additional 5% discount on online purchase.
  • The policy covers hospitalization expenses, nursing charges, boarding costs, ICU payments, surgeon’s cost and charges for blood, oxygen, diagnosis, medicines and medical equipment.

7. United India Health Insurance

United India is also one of the most affordable and beneficial insurance plans for seniors. The policies offered come with several benefits.

Benefits:

  • Coverage of Rs 50,000- Rs 3,00,000.
  • The policy covers hospitalization expenses, nursing charges, boarding costs, ICU payments, surgeon’s cost and charges for blood, oxygen, diagnosis, medicines and medical equipment.
  • Covers 30 days of pre hospitalization charges and 60 days of post hospitalization charges.
  • Includes domiciliary hospitalization benefits.

8. Care freedom plan

Care freedom plan is also one of the most affordable and beneficial insurance plans for elderly. The policies offered by the company come with numerous perks.

Benefits:

  • The minimum age for insurance is 18 years. There is no upper age limit.
  • Insurance policies available for customers despite their age or any required medical check-ups.
  • Annual health check-ups included in the policy.
  • Offers cashless treatment and quick claim.

9. Aditya Birla Health Insurance

The Aditya Birla Health Insurance brings comprehensive health policies for the elderly. The policies offered by the company covers overall health of the elderly, not only diseases or accidents.

Benefits:

  • Sum of Rs. 25 lakhs insured under the plan.
  • Covers the mental health of the elderly.
  • Provides international emergency services and air ambulance.
  • Cover pre- and post-hospitalisation costs.
  • Offers comprehensive health check-ups.

10. Universal Sompo Plan

Universal Sompo’s Senior Citizen Health Care Plan is specially crafted to meet the needs of the senior citizen. The plans meet all the exclusive needs of elderly for a smooth old life.

Benefits:

  • Senior citizens above the age of 60 years can avail the plan.
  • Offers lifelong renewability under the plan.
  • Compensate 50% of pre-entrance medical check-ups costs after the issuing of the policy.
  • Offers decent discounts.
  • The spouse can be included under the plan either on an individual basis or on floater basis.

11. SBI Arogya Plus Policy

Arogya Plus Policy health insurance by SBI is the ultimate plan for senior citizens. Rely on Arogya Plus Policy in case of serious illness or accidents. All of this without paying any significant demand. The policy brings financial peace even in the case of serious health issues.

Benefits:

  • Affordable, budget-friendly and comprehensive plan
  • Offers multiple coverage options.
  • Insure sum of Rs. 1 lakhs to Rs. 3 lakhs
  • No medical test required up to 55 years of age
  • 5% discount for 2 years term and 7.5% discount for the term of 3 years.

Make your old age free of worries and get your insurance done immediately. Be safe with health insurance. 

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I am enthusiastic writer. I am also an avid reader who loves reading all kind of books

    2 Comments

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