Is there an Upper Age Limit on Health Insurance?

If there's anything recent time has taught us, it's the unpredictability of life. Health issues can develop at any time, but their chances increase as we age. Financial security becomes crucial over time, but until when can you buy health insurance?

Read More

Policybazaar exclusive benefits
30 minutes claim support##
(In 120+ cities)
Relationship manager
For every customer
24*7 claims assistance
In 30 mins. guaranteed*
Instant policy issuance
No medical tests~
People trust Policybazaar^
6.7 crore
Registered consumers
Insurance partners
3.4 crore
Policies sold
Policybazaar is one of India's leading digital insurance platform


Find affordable plans with up to 25% Discount**

Select members you want to insure

  • More Members
  • Back
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Maximum child sum can be 4
    This will help us calculate the premium & discounts for your family
    Previous step
    This will help us to find the network of Cashless Hospitals in your city

      Popular Cities

      Previous step
      Get to plans directly next time you visit us
      Please provide your active international number
      Previous step
      We will find you the plans that cover your condition.

      Do any member(s) have any existing illnesses for which they take regular medication?

      Get updates on WhatsApp

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium
      Advantages of entering an International Number
      Prompt connectivity
      Find the right plan in under 20 minutes
      Get best discounts
      Ensure smooth issuance

      What is the Maximum age of Buying Health Insurance?

      Most health insurance companies in India offer a variety of health insurance policies up to the age of 65 years. Individuals over the set age brackets can buy comprehensive senior citizen plans that cover a variety of medical expenses.

      While the entry age of these plans may vary from insurer to insurer, there is usually no upper age limit. In fact, several insurers even offer plans to people aged 80 years and more.

      However, this should be confirmed with the insurer before buying any plan, as there are many insurers who don’t offer health insurance plans beyond a certain age.

      Can you buy Health Insurance for Senior Parents?

      Yes, definitely. Most of us prepare for our old age by investing in various things, including appropriate health insurance plans so that we are financially secure whenever there's a medical emergency. Many insurance companies in India offer plans specifically aimed at older people to provide them much needed coverage.

      You can buy the best travel insurance plan for your elderly parents depending on their requirements and budget. These plans are aimed at people above 60-65 years and consist of several benefits.

      However, it is recommended that you buy health insurance as early as possible. This is because the premium costs of most insurance plans increase with the age of the insurer. As we grow old, the chances of falling sick or developing disorders increase which also increases the financial risk of the insurance company.

      Why Should You Avoid Buying Health Insurance Later?

      The benefits offered by most insurance policies decline with the policyholder's age. In fact, many insurers also have additional terms such as a compulsory pre-policy checkup, no coverage for pre-existing diseases etc. This is why many people suggest buying health insurance from an early age. Take a look at some drawbacks of delaying your health insurance purchase:

      Expensive Premium

      Buying a policy later in life means a higher premium. Since people over 50 years are considered under high-risk, insurers demand higher premiums. Otherwise, the premium is lowest for children, nominal for individuals under 30-40s and higher for people over 50 years. You will either have to go for a lower sum insured or remove some add-ons.

      Many insurers will also offer the insured to go for the option of co- payout which reduces the insured's premium. However, they will need to pay for a certain amount of the bill.

      Limited Sum Insured

      Most health insurance companies in India put a cap on the total amount you can claim under different cases. This is usually because of any underlying health conditions or pre-existing conditions that the insurer may have noticed after a pre-policy checkup. People over 50 years have to undergo a health checkup before they buy a policy. The sum insured offered to seniors is also lower, with several sub-limits.

      Fewer Benefits

      As you get older, the benefits offered by your policy also decrease. Getting a higher coverage and optional covers is a difficult task as you are more likely to develop health ailments. Diabetes, arthritis, high blood pressure etc. are some extremely common conditions that make you a high-risk person. Since the chances of raising a claim are higher in such cases, insurers reduce the benefits and coverage.

      Waiting Period

      Almost all health insurance policies have a set waiting period ranging from a few months to years. While this time period may vary, purchasing a plan at an older age when you're more likely to need that money is higher. If you buy a plan in your early years, that waiting period will be over and you will be able to file a claim for the covered medical expenses.

      The duration of this waiting period can be 30 days to 2 years, depending on the ailment. Suppose you need to undergo treatment for a pre-existing disease that you’re covered for. Even then, most policies have a waiting period of 2 to 4 years. This will serve you no purpose if you need to undergo the treatment early or can’t be compensated for the same.

      Pre-Existing Illnesses

      Pre-existing diseases are those diseases that you are aware of or getting treated for at the time you purchased a policy. The older a person is, the higher are the chances of developing such conditions increase. Most insurers don't cover pre-existing diseases unless it is a special plan or an additional cover has been purchased.

      Many insurers can also place a longer waiting period in the case of pre-existing diseases, often around 2 to 4 years. Buying comprehensive health insurance earlier will save you from such conditions and restrictions.

      Wrapping it Up,

      The older you get, the higher is the risk of needing medical assistance. If for some reason you’re unable to buy health insurance plans early, plenty of senior citizen health insurance plans are available to meet your needs. However, it is ideal to buy it as early as possible to avoid disappointments and financial burdens later in life.

      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance Articles

      • Recent Article
      • Popular Articles
      01 Jul 2024

      Surgeries Covered Under ICICI Lombard Health...

      Life can throw unexpected medical emergencies your way, making

      Read more
      27 Jun 2024

      Is LASIK Surgery Covered by ICICI Lombard Health...

      Waking up with a clear vision is a dream for many. LASIK surgery

      Read more
      21 Jun 2024

      Does ICICI Lombard Health Insurance Cover...

      Cataract surgery is an essential procedure for people seeking to

      Read more
      14 Jun 2024

      Father’s Day 2024: Gift Your Father Health...

      Father’s Day is celebrated every year on the third Sunday of

      Read more
      05 Jun 2024

      Does SBI Health Insurance Cover Dental Treatments?

      SBI General Insurance Company provides comprehensive coverage

      Read more

      How to Apply for Ayushman Bharat Pradhan Mantri...

      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal

      Read more

      10 Major Benefits of Ayushman Bharat Yojana

      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi

      Read more

      10 New IRDAI Health Insurance Guidelines in 2024

      Health insurance penetration in India is far lower than it should be. A significant chunk of the Indian population

      Read more

      How Senior Citizens can save Tax with Medical...

      Senior citizens can save on income tax by availing tax benefits on medical expenses under Section 80D of the Income

      Read more

      Best Health Insurance Plans for Senior Citizens

      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance

      Read more

      *We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881. Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. As per the Insurance guidelines, you are allowed to cancel the policy with-in 15 days from the date of Issuance of policy. For more details, please read the Plan Brochure carefully or talk to our advisor at the time of purchase.

      *All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

      **All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

      *₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

      *₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

      *₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

      *₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

      *No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

      *The values taken for effective cost calculation are indicative values and may change as per the selected plan.

      *Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

      *Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

      *The scope of coverage may vary from plan to plan.

      ~Source: Google Review Rating available on:-

      ##On ground claim assistance is available in 114 cities

      Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

      STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

      Policybazaar is a registered Composite Broker |Registration No. 742, Valid till 09/06/2024, License category- Composite Broker (Life & General)| Visitors are hereby informed that their information submitted on the website may be shared with insurers.

      Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001 Contact Us | Legal and Admin Policies

      © Copyright 2008-2024 All Rights Reserved.

      Download the Policybazaar app
      to manage all your insurance needs.