Health Insurance 1953 views August 22, 2019

Best Health Insurance Plans for Senior Citizens

People aged above 60 are considered more prone to illnesses or diseases compared to young individuals. Considering the current rising healthcare costs, senior citizens must invest in comprehensive health insurance to protect their finances in a medical emergency. Higher sum insured, affordable premium, lifelong renewability and a wide range of additional features are some points that senior citizens should look at while choosing a health insurance plan for themselves.

To make things easier for you, we will be discussing some top health insurance plans for Senior Citizens having the best of features and benefits. Let’s start without any further delay.

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Features and Benefits of Top Health Insurance Plans for Senior Citizens

Health Insurance companies understand the health risks senior citizens face and offer plans accordingly. Some popular plans among customers are Star Senior Citizens Red Carpet, Max Bupa Senior First, Care Senior Citizen Plan, Bajaj Allianz Silver Health and HDFC Ergo my health Suraksha Silver Smart Plan.

We are going to discuss the features and benefits of these plans one after another so that you can understand better. Let’s start!

Star Senior Citizens Red Carpet Health Insurance Plan

Star Senior Citizens Red Carpet Health Insurance Plan from Star Health Insurance is specifically designed for senior citizens. Individuals between 60 to 75 years can get cover with a guaranteed lifetime renewability option. We are showing some key features of this plan below. Do check!

  1. Flexible sum insured options ranging from INR 1 to INR 25 lakh on an individual and floater basis
  2. Policy term of 1, 2 and 3 years
  3. The minimum premium amount of INR 4,450
  4. Option to pay the premium in installments (Monthly, Quarterly and Half-yearly)
  5. Pre and post-hospitalization cover (for 30 days before and after hospitalization) up to INR 10,000
  6. Room Rent Cover up to 1% of sum insured or INR 10,000
  7. ICU Charges cover up to 2% of the sum insured
  8. Surgeon, Anesthetist, Medical Practitioner, Consultants, and Specialists fees up to 25% of the sum insured per hospitalization
  9. Domiciliary Treatment Availability
  10. Emergency Ambulance Charges up to INR 3,000 per policy period (with a maximum of INR 1,500 per hospitalization)
  11. AYUSH Treatment Cover (Ayurveda, Unani, Sidha or Homeopathy) up to a specified limit
  12. Tax Benefits under Section 80D of the Income Tax Act, 1961
  13. No need for Pre-acceptance Medical Screening
  14. All Day Care Procedures Cover

Max Bupa Senior First Health Insurance Plan

Max Bupa Senior First Health Insurance Plan is a specialized senior citizen plan that provides higher coverage amount, a wide range of benefits like higher entry age, lifelong renewability, co-payment feature, no sub-limits on common health conditions, etc. at an affordable premium.

Let’s check its key features mentioned below.

  1. Flexibility to choose from Gold and Platinum Plan
  2. Multiple sum insured options – INR 5 to INR 25 lakh (according to the plan option)
  3. The minimum premium amount is INR 13,453 per year
  4. ReAssure Benefit (Unlimited Base sum insured for long-term treatments and multiple diseases or illnesses)
  5. Cashless coverage for non-payable items like PPE Kits, Masks, Gloves, etc.
  6. No effect on No Claim Bonus (NCB) if your overall claim is INR 50,000 in a policy year
  7. No sub-limits on common health conditions like cataracts, cancer, etc.
  8. Pre and Post-hospitalization Coverage for 60 and 180 days, respectively
  9. Modern Treatment Cover up to the sum insured
  10. No mandatory pre-issuance medical tests
  11. Day Care Treatment coverage
  12. Road Ambulance Charges Cover up to 2,000 per hospitalization
  13. No Claim Bonus up to 100% of the Sum Insured
  14. Health Check-up Facility up to INR 500 for every sum insured of INR 1 lakh (a maximum of INR 10,000 per policy period)
  15. Premium discounts on a multi-year policy up to 15%
  16. Tax Benefits under Section 80D of the Income Tax Act, 1961

Care Senior Citizen Health Insurance

Individuals aged above 60 can choose the Care Senior Citizen Health Insurance Plan at an affordable premium and choose from a wide range of sum insured options. Have a look at the highlights of this plan mentioned below.

  1. Flexible sum insured options – INR 3/5/7/10 lakhs
  2. Policy term of 1 to 3 years
  3. Pre and post-hospitalization cover for 30 and 60 days, respectively
  4. An annual checkup for all the insured members
  5. 540+ Day Care Treatments Cover
  6. Daily Allowance up to INR 500 per day
  7. Ambulance Cover up to INR 2,000 per hospitalization
  8. Organ Donor Expenses Cover up to INR 1 lakh
  9. Domiciliary Hospitalization Cover up to 10% of the sum insured
  10. Alternative Treatment Cover up to INR 20,000
  11. Room Rent Cover up to 1% of the sum insured per day
  12. ICU Charges coverage up to 2% of the sum insured per day
  13. Treatment of Cataract cover up to 30,000 per eye
  14. Coverage against Treatment of Total Knee Replacement up to INR 1 lakh per knee
  15. Tax Benefits up to INR 1,00,000 under Section 80D of the Income Tax Act, 1961

Bajaj Allianz Silver Health Plan

If you want to ensure financial security in the later years of your life, Bajaj Allianz Silver Health Insurance Plan could be perfect for you. It is an exclusive health insurance plan for Senior Citizens to protect them from costly healthcare expenses. Do check the important features mentioned below.

  1. Flexible Sum Insured Options ranging from INR 50,000 to 5 lakh
  2. Policy term of 1 year
  3. Entry age of 46 to 70 years with lifelong renewability option
  4. Coverage against In-patient Hospitalization expenses
  5. 130 Day Care Procedures Coverage
  6. Pre and Post-hospitalization Expenses coverage up to 3% of the admissible hospitalization expenses
  7. Ambulance Charges Cover up to INR 1,000
  8. Pre-existing Illness Cover after one year of policy issuance
  9. Family Discount of 5% (if two or more members are covered under the policy)
  10. Cumulative bonus of 10% of the sum insured for every claim-free year (upto 50% of the sum insured)

HDFC Ergo my health Suraksha Silver Smart Plan

HDFC Ergo my health Suraksha Silver Smart Plan from HDFC Ergo provides comprehensive protection against medical treatment expenses made primarily for senior citizens. Let’s see its key features mentioned below so that you can understand better.

  1. Flexible sum insured ranging from INR 3 to 5 lakh
  2. No Capping on Room Rent
  3. Sum Insured Rebound (Additional Sum Insured up to the base sum insured)
  4. Free Health Check-up every year
  5. Cashless Home Healthcare Facility
  6. No Medical tests up to 45 years
  7. Pre and post-hospitalization cover for 60 and 180 days, respectively
  8. Day Care Procedures Cover
  9. AYUSH Benefits
  10. Organ Donor Expenses Cover
  11. Mental Healthcare Benefits
  12. Lifelong renewability option
  13. Tax Benefits under Section 80D of the Income Tax Act, 1961

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