Health insurance for senior citizens are some of the top-selling plans in India. Our elders require special care which is duly fulfilled by comprehensive health insurance for senior citizens. These plans offer benefits like home care, domiciliary hospitalization, ambulance charges, daycare procedures, OPD, daily hospital cash, and much more.
...Read more
We have rounded up the best health insurance for senior citizens based on their features, premiums, base sum insured, pre-existing disease coverage, and more.
Senior Citizen Plans | Sum Insured (Rs.) | Entry Age | Pre- Medical Check-up | OPD and Daycare Coverage | Co-payment Clause |
---|---|---|---|---|---|
Star Senior Citizen Red Carpet |
1 to 25 L | 60 - 75 Years | No | All Day Care Treatments | 30% per Claim |
Care Senior Plan |
3 to 10 L | 61 Years - Lifelong | No | 540 Day Care Treatments | 20% per Claim |
ManipalCigna Prime Senior |
3 to 50 L | 56 - 75 Years | No mandatory check-up | Covered up to the sum insured | 20% per Claim |
Niva Bupa Senior First |
5 to 25 L | 61 - 75 Years | No mandatory check-up | Covered up to the sum insured | 50% per Claim (modification available) |
Aditya Birla Activ Health Platinum Essential |
5 L to Depending on the Age | 60 Years - Lifelong | Depends on medical history | 586 Daycare Treatments | 20% per Claim |
Aditya Birla Activ Care |
3 to 25 L | 55 - 80 Years | Yes | 586 daycare procedures covered 586 Daycare Treatments |
10% under Premier Plan 20% under Classic and Standard Plan |
Bajaj Allianz Silver Health Plan |
1 to 10 L | 46 - 80 Years | Yes (Mandatory) | Covered |
10% Co-payment Applicable (on all claims for Plan B) 20% Co-payment Applicable (all claims for treatments availed in non-network hospitals for Plan A) |
Cholamandalam Flexi Supreme |
5 L to 5 Cr | 18 - 75 years | Yes | Covered | Not Applicable |
Future Generali Varishta Bima |
2 to 10 L | 60 Years - Lifelong | Yes for SI 7.5 and 10 L | Covered |
50% Co-pay Applicable (related to pre-existing disease) 25% Co-pay Applicable on all other claims |
HDFC Ergo My:Health Suraksha Silver Smart |
3 to 50 L | 18 Years - Lifelong | Not Mandatory | Covered | 20% Co-payment Applicable (if treatment availed in tier-1 city after paying tier-2 premiums) |
Magma One Health Insurance Policy |
2 L to 3 Cr | 18 Years - No upper age limit | Not Mandatory | Covered | Voluntary Co-pay 10/20% |
National Senior Citizen Mediclaim Policy |
1 to 10 L | 65 Years - No upper age limit | Required | Covered | 10 - 25% Co-pay for Pre-existing Disease |
Oriental (Health Of Privileged Elders) Plan |
1 to 5 L | 60 Years - No upper age limit | N/A | Not Covered | 20% Mandatory Co-pay |
TATA AIG Eldercare |
5 to 25 L | 61 - 85 Years | Required | Covered | 20% Mandatory Co-pay |
United India Senior Citizen Health Plan |
1 to 3 L | 61 - 80 Years | N/A | Covered | No Co-pay |
Universal Sompo Senior Citizen Health Plan |
1 to 5 L | 60 - 70 Years | Maybe Required N/A | Covered | 10/15/20% Co-pay Applicable |
New India Assurance Sixty Plus Mediclaim Policy |
2 to 5 L | 60 - 80 Years | Required | Covered | 10% Co-pay Applicable |
Besides private senior citizen health insurance in India, government health insurance schemes are also available. One such scheme is the Ayushman Bharat Yojana.
Mentioned below are the key features of all the senior citizen health plans
ManipalCigna Prime Senior is one of the best senior citizen health plans, it is available in 2 variants - Classic & Elite. The sum insured ranges between 3 to 50 Lakhs along with offering multiple value-added benefits, like 'Premium Waiver benefit', 'Discount on Pharmacy, Diagnostics', and more.
Why We Recommend It?
With features like Health Check-ups from Day 1 & unlimited base sum insured for long-term treatments, Niva Bupa Senior First is a versatile plan. The plan is available in 2 variants, namely Gold and Platinum.
Why We Recommend It?
A comprehensive health plan designed to cater to senior citizens with no pre-policy medical check-ups. Care Senior plan offers multiple discounts and coverage for more than 540 daycare procedures.
Why We Recommend It?
Designed for the elderly, the Senior Citizen Red Carpet Health Policy is among the best senior citizen health plans.
Why We Recommend It?
TATA AIG ElderCare is designed to cover the elderly in their golden years. Live a stress-free life as the plan takes on all your medical care expenses.
Why We Recommend It?
Enroll yourself in this unique senior citizen health plan from the age of 55 years. Aditya Birla Activ Care is an efficient health plan with a long list of exclusive features.
Why We Recommend It?
HDFC Ergo my:health Suraksha Silver Smart is a 360-degree senior citizen health plan to take care of you during your retirement years. It is loaded with multiple features and a wide range of sum insured options between 3 to 50 Lakhs.
Why We Recommend It?
New India Sixty Plus Mediclaim Policy is a unique senior citizen health insurance plan designed by New India Assurance with multiple features covering age-related health issues and disorders.
Why We Recommend It?
National Senior Citizen Mediclaim Policy is a simple and easy health insurance for senior citizens with affordable premium prices. The plan offers coverage for AYUSH treatments, hospitalization expenses, domiciliary hospitalization, and more.
Why We Recommend It?
Health insurance for senior citizens is a category of insurance that helps individuals above 60 years cover medical bills. It is a financial safety net and helps safeguard your hard-earned life savings from drowning in sky-high hospital bills.
But, I can cover my parents above 60 years under a regular health insurance plan. How is it any different? Let us understand the difference below
Parameters | Senior Citizen Health Insurance | Family Health Insurance |
---|---|---|
Scope Of Coverage | Specifically designed for individuals over 60 years | Covers family members including spouse, dependent children, siblings, parents, or parents-in-law |
Eligibility | If you are below 60 years old, senior citizen health plans are not for you | Regular health plans even cover dependent children up to the age of 25 years |
Tax Benefits | As per the Income Tax Act, of 1961, a deduction of up to INR 50,000 is applicable on premiums paid towards a senior citizen health plan | As per the Income Tax Act, of 1961, a deduction of up to INR 25,000 is applicable on premiums paid towards regular health plans if all family members covered are below 60 years |
While a regular health plan will cover your parents (above 60 years), the sum insured may be insufficient in case of major illness or prolonged hospitalization of senior citizens.
Health insurance premiums are expensive for regular health plans as premiums to be paid are calculated based on the eldest member of the family. Instead, if your parents are above 60 years (above 55 years in some cases), buying a separate senior citizen health plan is always advised to give them comprehensive coverage.
Let us take a quick peek at the eligibility criteria you must fulfil to purchase health insurance plans for senior citizens:
Aspects | Specifications |
---|---|
Minimum Entry Age | 60 years |
Maximum Entry Age | 75 to 80 years |
Co-Payments | Applicable in most senior citizen health insurance plans |
Waiting Period | The initial waiting period of 30 days |
Renewals | Lifetime renewals available depending on senior citizen health plans |
Pre-existing Diseases | Covered after serving a specific waiting period |
Investing in the best health insurance plans for senior citizens is a pathway for a smooth second innings of life. Here are some of the key benefits you can expect with the best senior citizen health insurance in India:
Specifically designed for individuals above 60 years of age, senior citizen health insurance plans offer comprehensive coverage against high medical bills.
While waiting periods vary according to the plans you opt for, many senior citizen health plans in India may have lesser waiting periods for PEDs like diabetes, hypertension, etc.
We are all well aware of the importance of regular health check-ups after a certain age. The best senior citizen health insurance in India covers annual health check-ups helping you detect any serious ailments timely. You can also get a tax benefit of INR 5000 for senior citizen annual health checkups!
Many senior citizen health insurance plans offer lifetime renewability ensuring your life-long well-being.
Investing in a senior citizen health insurance plan in your retirement years will secure your life savings for future needs instead of drowning them in expensive hospital bills.
Being diagnosed with life-threatening diseases can be nerve-wracking both mentally and financially. Let India's best senior citizen health insurance take care of the financial stress while you focus on recovery.
As per the Income Tax Act, of 1961 under section 80D you are eligible for tax deductions
This means at the end of the financial year you are eligible for tax deductions up to INR 75,000
With the current rise in medical care costs, investing in senior citizen health insurance is a no-brainer. Safeguard your life savings from being drained in hefty hospital bills and invest in a senior citizen health plan separately.
When buying a senior citizen health insurance plan, you must consider the following things
Check for all the coverage options while selecting the policy for senior citizens. Make sure that your policy should cover in-hospitalization, pre-existing conditions, in and out-patient coverage, ambulance coverage, pre-hospitalisation, post-hospitalisation, and much more.
The plan should cover a maximum number of hospitals in your area and have the options for both cashless and reimbursement claims.
You need to review the inclusions and exclusions very carefully. Check out whether your policy covers ambulance charges, medical tests, day-care procedures and other important things. Also check the diseases covered, and how much is the waiting period.
Obviously while buying a health insurance policy for senior citizens you need to be very specific about the budget. With PolicyX Premium Calculators, you can get an idea about the premiums.
Carefully review the reputation of the insurer by comparing the reviews given by the existing users. As it is very important to know whether the company is faking the promises or keeping them while claim settlements.
You have to understand the waiting period for pre-existing conditions. Opt for the senior citizens policy with the shorter waiting period.
Choose a policy with an adequate sum insured to accommodate potential medical expenses. Do enquire about the no-claim bonus and other benefits against your policy.
When choosing the policy for senior citizens, must ensure that there should be no age limit. So, that it will give coverage at the later stages of life.
PolicyX has been the trusted aggregator for over 10-years now! We can help you with the end-to-end process for your senior citizen health insurance policy by providing safe, efficient & user-friendly support. You can buy, renew, and claim a policy from the comfort of your home.
Follow the steps given below to find the best senior citizen health insurance plans in India at PolicyX:
Get quotes from top insurers by filling up this form.
Compare quotes from different insurers by using our Premium Calculator and select the desired plan as per your requirements.
Submit all the required details and documents.
Make the online payment and congratulations! Your health is now secured.
The senior citizen health insurance claim process in India is simple and hassle-free. Follow the steps below to file a claim:
Senior Citizen Health Insurance Cashless Claim Procedure
If you avail treatments in a network hospital you must follow the steps given below:
Fill out the pre-authorized form given at the TPA desk in the hospital and hand it over.
The hospital TPA desk will send the pre-authorized form along with required documents such as prescriptions, discharge copy, etc. to the health insurance provider for further verification.
The health insurance company will settle the hospital bill directly with the network hospital.
If you avail treatments in a non-network hospital you must follow the steps given below:
Inform your health insurance provider within 24 to 48 hours of hospitalization.
Submit all the documents post-discharge such as prescriptions, diagnostic reports, and other required documents to your health insurance provider..
Fill in the pre-authorized form along with the documents required by your health insurer and submit them for further verification.
Your senior citizen health insurance plan claim amount will be reimbursed after carefully reviewing all your documents.
Health insurance plans come with a certain set of terms and conditions such as exclusions that you must be aware of like:
Senior citizen health insurance in India is essential for a peaceful post-retirement life. The plan will cover you and your spouse not only against expensive medical bills but will ensure quality healthcare treatment. Senior citizen plans are also excellent tax-saving tools.
To further compare the best senior citizen health plans in India, connect with our insurance experts at 1800-420-269 and find your perfect fit.
Explore top health insurance companies to buy the most suitable mediclaim policy for families.
Know More About Health Insurance Companies
An explorer and a curious person, Simran has worked in the field of insurance for more than 3 years. Traveling and writing is her only passion and hobby. Her main agenda is to transform insurance information into a piece that is easy to understand and solves the reader’s query seamlessly.