Hello Devasani, thanks for reaching out. Senior Citizen Health Insurance is a type of health insurance policy that covers medical expenses for people over the age of 60. It provides preventive health check-ups for the elderly as well as cashless hospitalisation at the insurance company's network hospitals. It covers pre-existing diseases, hospitalisation costs, critical illness, as well as pre- and post-hospitalisation costs and coronavirus treatment.

A senior citizen insurance policy provides a number of advantages to the elderly. The following are some of the primary advantages of purchasing a senior citizen policy in India:

Medical Coverage for the Elderly- Senior citizen health insurance plans cover people over the age of 60, whereas regular family health insurance plans typically cover people up to the age of 65.

Pre-medical Screening- Unlike regular plans, most health plans do not require elderly people to undergo any medical screening before purchasing the policy.

Things to consider while purchasing a Senior citizen insurance policy
1. Day Care Treatment
2. Cashless Hospital
3. Efficacy of Health Insurance
4. No Claim Bonus

You can learn more about the Senior Citizen Insurance policy

Hope this helps.

Hello, Term insurance policies are known for affordability, as they typically offer higher coverage amounts at a lower premium than other life insurance policies. This is because term insurance policies do not accumulate cash value over time and only provide a death benefit if the policyholder passes away during the policy term.

Policyholders can choose the amount of coverage they want and the length of the policy term. Suppose the policyholder passes away during the policy term. In that case, the beneficiaries will receive a lump sum payment, which can be used for expenses such as mortgage payments, college tuition, or other bills.

Once the policy term has ended, policyholders can choose to renew it, convert it to a permanent life insurance policy, or let it expire. However, if the policyholder outlives the policy term, there is no payout, and the policy expires.

Term insurance policies are popular among those who want affordable and straightforward life insurance coverage for a specific period. It is essential to carefully review the policy terms and conditions to ensure that the coverage and the length of the policy term meet your needs.

You can buy the plan here and also check the premium amount: Term Insurance

Hello Ramesh, There are many different steps involved while filing a claim on a term insurance plan. In case of unfortunate death of the insurance holder, the dependents (family members) or beneficiaries under the term insurance policy should inform the insurer as soon as possible. To support the claim filed, it is necessary to submit all the required documents. However, before contacting the insurance company, the beneficiary should keep some important facts in mind.

1. The insurance policy should be in force, and all the premiums should be duly paid.
2. The specific situation for which the claim is filed should be covered under the term insurance.
3. Policy exclusion.

To know more about the claim process, visit here