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Health Insurance 701 views February 26, 2021
Compared to young individuals, senior citizens (individuals aged above 60 years) are at a greater risk of facing health issues. National Varistha Mediclaim Plan is a unique plan made for senior citizens who want to protect their health efficiently. With this plan, they can enjoy coverage against hospitalization and critical illness expenses. Let’s look at the striking features of the National Varistha Mediclaim Plan shown below.
Want to know more about these features of the National Varistha Mediclaim Plan? Well, we will discuss the same along with the benefits, premium amount, policy term, eligibility, etc. Do read to know more!
Table of Contents
As we said earlier, the National Varistha Mediclaim Plan could be the right plan for senior citizens who want to protect their finances in case of any medical emergency. We are discussing some of the striking features of this plan so that you can understand them better. We are starting with the coverage benefits that individuals can enjoy. Have a look!
With this section under the National Varistha Mediclaim Plan, you can enjoy the following benefits.
On choosing the National Varistha Mediclaim Plan, individuals can also enjoy tax benefits on the premium paid towards the policy under Section 80D of the Income Tax Act, 1961.
With the National Varistha Mediclaim Plan, individuals can enjoy the flexibility of choosing from different sum insured options on an individual basis. The options are –
Individuals can choose a policy period of 1 year. However, you need to remember that the policy can be renewed per year throughout the lifetime of the insured person.
The premium amount for National Varistha Mediclaim Plan will depend on the age of the individual and the sum insured option chosen. To know more, you can check the below table.
Age of the Insured person | Premium Amount (In INR) | |
---|---|---|
Mediclaim (Sum insured of INR 1 lakh) | Critical Illness (Sum insured of INR 2 lakh) | |
60-65 years | 4,180 | 2,007 |
66-70 years | 5,196 | 2,130 |
71- 75 years | 5,568 | 2,200 |
76- 80 years | 6,890 | 2,288 |
Do check the National Varistha Mediclaim Plan eligibility criteria that we have mentioned below.
It’s also important to understand the exclusions under the plan before choosing the same. Let’s check them below.