Senior Citizen Health Insurance is an insurance coverage for the elderly that protects them from financial loss on eligible medical and hospitalization costs. It will pay for hospital stays, doctors' visits, prescriptions, diagnostic tests, surgeries, or eligible day-care procedures. Selecting an appropriate plan allows senior citizens to control their health care expenses and ensures that they don't run out of money if unexpected health care costs arise.
When selecting a Senior Citizen Health Insurance, it is crucial to compare a number of factors to be able to choose a coverage that matches your healthcare requirements and budget. Look at sum insured, premium, hospital cover, and waiting period for pre-existing diseases, co-payment, exclusions and sub-limits.
Also, look at the cashless hospital network and claim settlement process of the insurer. Check for coverage of medications, day-care, diagnostic costs and other pertinent medical costs.
When buying a policy, read the terms and conditions carefully and know what is covered and what isn't. When shopping around for health insurance plans, senior citizens can use the comparison process to choose a plan that fits their needs and budget, and to better prepare for any future medical costs.
Senior Citizen Health Insurance (Age 60 and above) – Below give various options for Senior Citizens
1. ICICI Lombard General Insurance Company Limited ( Silver Health Policy (Health Cover for Seniors)
2. National Insurance Co. Ltd. (Varistha – Mediclaim for senior citizen )
3. THE ORIENTAL INSURANCE CO. LTD. ( Hope Health for Privileged Elders - Senior Citizen Specified Disease Insurance )
4. The New India Insurance Co. Ltd. ( SENIOR CITIZENS MEDICLAIM POLICY)
5. Star Health & Allied Insurance Co. Ltd ( Red Carpet Health Insurance )
Comparative Rate for 4 Companies (Premium Comparison Rate chart for Senior Citizens)
• Note: Please refer to the policy documents for the complete Insurance Policy subject to the insurance Company.
