Health Insurance Plans for Senior Citizens

Older people are more prone to certain diseases and health conditions as compared to younger people. The treatment of old age-related health problems is not only expensive but also long-term. If you buy a senior citizen health insurance plan from Policybazaar.com, you don’t have to worry about paying for the medical expenses arising out of health problems in your old age.

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₹5 Lakh health cover for senior citizens starts @ ₹1423/month *
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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    What is Senior Citizen Health Insurance?

    Senior Citizen Health Insurance is a type of health insurance plan that covers medical expenses incurred by people above 60 years old. It offers preventive health check-up facilities to the elderly and cashless hospitalization at network hospitals of the insurance company. It covers pre-existing diseases, hospitalization expenses, critical illness, and pre and post hospitalization expenses and coronavirus treatment.

    Senior Citizen Health Insurance Plans at a Glance

    The following table shows the characteristics of most senior citizen health insurance plans that are available to buy on Policybazaar.com:

    Categories Specifications
    Minimum Entry Age 60 years and above
    Maximum Entry Age No age limit
    Cashless Claims Available at network hospitals
    Preventive Health Check-ups Available
    Renewability Lifetime
    Long Term Policy Benefit Up to 12.5% savings on a 2-year plan
    Tax Benefits Up to Rs 75,000 in a financial year (Under section 80D of the IT Act)

    Benefits of Senior Citizen Mediclaim Policy

    A senior citizen mediclaim policy offers a variety of benefits to elderly people.  Below are some of the primary benefits of buying a senior citizen mediclaim policy in India:

    • Medical Coverage to Elderly People- People above the age of 60 years get health cover under senior citizen health insurance plans as regular family health insurance plans mostly provide coverage to people up to 65 years of age.
    • Pre-medical Screening- Most healthplans do not require elderly people to undergo any medical screening before buying the policy, unlike regular plans.
    • Hospitalization Expense Cover- These plans cover senior citizens against a range of medical expenses, including pre-hospitalization, post-hospitalization, and in-patient hospitalization expenses.
    • Cashless Treatment- Senior citizens can avail the cashless medical treatment at networkhospitals of the insurance company, provided they get admitted for a minimum of 24 hours.
    • NoClaim Bonus- It provides a No Claim Bonus to the senior citizens that allows them to avail a discount on renewal premium for every claim-free year. It can range from 20% to 100% in some plans.
    • Lifetime Renewability –Most health plans for senior citizens come with a lifetime renewability option.
    • Tax-Benefits- Senior citizen health insurance policy offers tax exemption benefits every financial year on the paid premium undersection 80D of the IT Act.

    Health Insurance Plans for Senior Citizens

    The following table shows the various senior citizens health insurance plans that you can buy from Policybazaar.com online:

    Senior Citizens Health Insurance Plans

    Entry Age

    Sum Insured
    (Rs)

    Pre-existing Disease Coverage

    Pre-Policy Medical Check-up

    Aditya Birla Activ Care Plan

    55-80 years

    Standard: 3 lakh to 10 lakh
    Classic: 3 lakh to 10 lakh
    Premier: 5 lakh to 25 lakh

    From the 3rd year

    Required

    Bajaj Allianz Silver Health Plan

    46-70 years

    50,000 to 5 lakh

    From the 2nd year

    Required

    Bharti AXA Smart Health Insurance Plan

    18-65 years

    Basic: 50,000 to 5 lakh
    Premium: 1 lakh to 5 lakh
    Optimum: 1 lakh to 5 lakh

    From the 5th year

    Required for people above 45 years

    Care Senior Health Plan

    61 years onwards

    3 lakh to 10 lakh

    From the 5th year

    Not required

    Cholamandalam Individual Healthline Insurance Plan

    18-65 years

    Standard: 3 lakh to 5 lakh
    Superior: 3.5 lakh to 5.5 lakh
    Advanced: 4.5 lakh to 10 lakh

    From the 5th year

    Required for people above 55 years

    Digit Health Care Pus Plan

    18 years onwards

    Up to 3 crore

    From 1st/2nd/3rd/4th/5th year (depending on the plan coverage)

    May be required

    Edelweiss Health Insurance Plan

    18 years onwards

    Silver: 1 lakh to 5 lakh
    Gold: 5 lakh to 20 lakh
    Platinum: 15 lakh to 1 crore

    From the 3rd/ 4th/ 5th year (depending on the plan variant)

    Required for people above 50 years

    Future Generali Health Suraksha Plan

    18-70 years

    Gold: 1 lakh to 5 lakh
    Platinum: 6 lakh to 10 lakh
    Topaz: 1 lakh to 5 lakh
    Ruby: 6 lakh to 10 lakh

    From the 5th year

    Required for people above 50 years

    IFFCO Tokio Individual Medishield Plan

    18 -65 years

    50,000 to 50 lakh

    From the 4th year

    Required for people above 60 years

    Kotak Mahindra Health Care Plan

    18 -65 years

    Excel: 2 lakh to 4 lakh
    Premium: 5 lakh to 25 lakh

    From the 5th year

    NA

    Liberty Health Connect Plan

     18 -65 years

    E-Connect: 3 lakh to 7.5 lakh
    Basic: 2 lakh to 10 lakh
    Elite: 3 lakh to 15 lakh
    Supreme: 2 lakh to 15 lakh

    From the 3rd/ 4th/ 5th year (depending on the plan variant)

    Required for people above 55 years

    ManipalCigna ProHealth Insurance Plan

    18 years onwards

    Protect: 2.5 lakh to 50 lakh
    Plus: 4.5 lakh to 50 lakh
    Preferred: 15 lakh to 50 lakh
    Premier: 1 crore
    Accumulate: 5.5 lakh to 50 lakh

    From the 3rd/ 4th/ 5th year (depending on the plan variant)

    NA

    Niva Bupa (Formerly known as Max Bupa) Heartbeat Plan

    18 years onwards

    Gold: 5 lakh to 50 lakh
    Platinum: 15 lakh to 1 crore

    From the 3rd/ 5th year (depending on the plan variant)

    May be required

    National Senior Citizen Mediclaim Policy

    18 years onwards

    1 lakh to 10 lakh

    From the 3rd year

    NA

    New India Senior Citizen Mediclaim Policy

    60-80 years

    1 lakh to 1.5 lakh

    After 1.5 years

    Required

    Oriental HOPE Insurance Plan

    60 years onwards

    1 lakh to 5 lakh

    From the 3rd year

    Required

    Raheja QuBE Health Insurance Plan

    18-65 years

    Basic: 1 lakh to 50 lakh
    Comprehensive: 3 lakh to 50 lakh
    Super Saver: 1 lakh to 50 lakh
    Ala Carte: 1 lakh to 50 lakh

    From the 5th year

    May be required

    Reliance Health Gain Plan

    18-65 years

    3 lakh to 18 lakh

    From the 4th year

    Required for people above 45 years and with a sum insured of Rs 12 lakh onwards

    Royal Sundaram Lifeline Health Insurance Plan

    18 years onwards

    Classic: 2 lakh to 4 lakh
    Supreme: 5 lakh to 50 lakh
    Elite: 25 lakh to 1.5 crore

    From the 3rd/ 4th/ 5th year (depending on the plan variant)

    NA

    SBI Arogya Premier Plan

    18-65 years

    10 lakh to 30 lakh

    From the 5th year

    Required for people above 55 years

    Star Senior Citizen Red Carpet Insurance Plan

    60-75 years

    1 lakh to 25 lakh

    From the 2nd year

    Not required

    Tata AIG MediCare Plan

    18 years onwards

    3 lakh to 20 lakh

    From the 4th year

    Required for people above 45 years

    United India Senior Citizen Health Insurance Plan

    61-80 years

    1 lakh to 3 lakh

    From the 5th year

    Required

    Universal Sompo Senior Citizen Health Insurance Plan

    60-70 years

    1 lakh to 5 lakh

    From the 3rd year

    May be required

    See More Plans

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

    Why Do You Need Health Insurance Plans for Senior Citizens?

    Senior citizens need to have health insurance coverage as they can face severe health issues due to their increasing age.  An emergency hospitalization of your parents can be both emotionally and financially distressing. Health insurance for parents can help you to manage the financial implications of hospitalization. Some of the other prominent reasons why you need to buy a senior citizen health insurance plan are given below:

    • Meet the Rising Healthcare Costs- With medical treatment and hospitalization costs getting costly due to medical inflation, buying a senior citizen health insurance policy becomes imperative for elderly people to avail the best healthcare services.
    • Critical Illness Cover- With old age,the possibility of being diagnosed with critical illnesses like heart ailments, kidney problems, cancer, etc. becomes higher. With a senior citizen health insurance policy, you can also get coverage for critical illnesses in your basic plan or as an add-on cover.
    • Annual Health Check-up Facilities- Senior citizens can avail free health check-ups on a yearly basis under most senior citizen health plans. As they need to undergo medical screening on a regular basis, this facility can help minimize out-of-pocket expenses. However, some plans may offer this facility after every two or three claim-free years.
    • Peace of Mind- Paying off hospital bills can be distressing for elderly people, especially with an increase in treatment costs for both minor and major illnesses. A health insurance policy can bring peace of mind to senior citizens in such situations.


    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

    What is Covered in a Health Insurance Plan for Senior Citizens?

    Some of the common coverage provided under senior citizen health insurance plans are given below:

    • HospitalizationExpenses: Hospitalization expenses, including room charges, doctor fees, nursing fees, cost of medicine and drugs, ICU charges, cost of surgical appliances, and operation theatre charges are covered under this plan. It also covers the cost of artificial limbs, orthopedic implants, prosthetic devices, diagnostic tests,  required during the hospitalization of the senior citizen.
    • Day Care Treatments- Specific daycare treatments that require less than 24 hours of hospitalization,like chemotherapy, dialysis, etc. are covered under most plans.
    • Pre and Post-hospitalization Expenses- Medical costs before getting hospitalized and after getting discharged are also included under a senior citizen mediclaim policy.
    • COVID-19 Cover- The policy also pays for the cost of coronavirus treatment up to the specified limit.
    • Organ Donor Expenses- Most mediclaim policies cover the donor expenses incurred during organ transplants. 
    • Ambulance Charges- It covers ambulance charges incurred on transporting the insured to the nearest hospital up to the specified limit.
    • Pre-existing Diseases- Any pre-existing diseases of the insured senior citizen are also covered after a fixed waiting period.
    • AYUSHTreatment Cost- AYUSH treatment taken in a government-recognized hospital or institute is also covered under some senior citizen mediclaim policies.
    • Domiciliary Hospitalization Cover- If the doctor suggests home treatment for the elderly person, then his/her insurance company will pay for domiciliary hospitalization expenses as well.


    What is Not Covered in a Health Insurance Plan for Senior Citizens?

    Below is a list of medical expenses that are not covered under a senior citizen health insurance plan:

    • Pre-existing diseases or injuries
    • Expenses arising out of self-inflicted injuries or suicide
    • Expenses arising from drug or alcohol abuse and related treatment
    • Medical conditions diagnosed within 30 days of purchasing the policy (except for accidental injuries)
    • Expenses related to non-allopathic treatment
    • The treatment cost of injuries caused due to an act of foreign army or a civil war.
    • Cosmetic surgery
    • The cost of dental treatment or lenses/spectacles unless arising from an accident.
    • Treatment cost of AIDS

    Please note that the list of exclusions varies from one plan to another.

    Things to Consider While Buying a Mediclaim Policy for Senior Citizens

    A senior citizen mediclaim policy offers health insurance coverage to elderly people who are vulnerable to serious illnesses that may require expensive treatment. You can easily buy a health insurance plan for senior citizens online from Policybazaar.com. Take a look at the things that should be considered while buying a mediclaim policy for senior citizens:

    1. Day Care Treatments

    With the advancement in medical technology, a lot of treatments and surgeries can be done through day care procedures. But under a regular health insurance policy, a senior citizen must be hospitalized for at least 24 hours to raise a claim. Therefore, it is better to choose a senior citizen plan that covers a lot of day care procedures like dialysis, chemotherapy, radiotherapy, etc.

    2. Cashless Hospitals

    Every health insurance company has a broad network of hospitals where you can avail cashless hospitalization facilities. You must check the list of network hospitals of your insurance company before buying a plan. This will help you to know if a good hospital in your locality falls under the list. You can check the network hospitals list by different insurance companies and buy the best senior citizen health insurance policy online at Policybazaar.com.

    3. Efficacy of Health Insurance Claims

    Claim settlement ratio and claim settlement time taken by the insurance company should also be taken into consideration while buying a senior citizen health policy. If an insurance company’s claim settlement time is less and the claim settlement ratio is high, it means that the chances of your claim getting settled quickly are more.

    4. No Claim Bonus

    Almost all insurance companies provide a no claim bonus discount if no claims are lodged by the policyholder in the previous year. In such a case, either the policy premium decreases or the sum insured amount increases.

    5. Free Medical Health Check-up Facility

    The best health insurance plans for senior citizens allow the policyholders to avail medical check-up for free on an annual basis. This usually is offered after the completion of certain policy years or after every two/three claim-free years.

    6. Co-payment

    Several senior citizen health plans come with a co-payment clause in which a part of the claim amount has to be paid by the policyholder. Only the remaining portion of the claim amount is paid by the insurance company. Hence, you must opt for a plan with low to zero co-payment.

    7. Policy Renewability

    Always look for a best health insurance plan that offers a lifetime renewability option so that you won’t have to buy another health plan in your old age. A policy that ceases to renew, especially after 60 years, is not the right plan for a senior citizen.

    8. Pre-existing Diseases Waiting Period

    Elderly people are more likely to have pre-existing diseases whose treatment can exhaust all your savings. Therefore, you should opt for a senior citizen health insurance plan that comes with a minimum waiting period for pre-existing diseases.

    9. Domiciliary Hospitalization

    There can be situations where an elderly person’s health condition may not allow him/her to get admitted to a hospital. In such a case, health plans with domiciliary hospitalization cover will pay for home treatment expenses as long as it has been advised by a qualified doctor.


    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

    Claim Settlement Process for Senior Citizen Health Insurance

    Senior Citizen Health Insurance plans require policyholders to file a health insurance claim if they get hospitalized or avail an emergency medical treatment. A claim can be raised either to avail cashless treatment at a network hospital or get reimbursement of expenses incurred at a non-network hospital. The process to file a reimbursement and cashless claim are given below:

    1. Senior Citizen Health Insurance Reimbursement Claim Procedure:

    The following steps are involved in lodging a reimbursement claim under a senior citizen health insurance plan:

    • In case of hospitalization, immediately notify the insurance company
    • Collect all the medical documents during hospital discharge
    • Fill up and sign the claim form
    • Submit the claim form to the TPA or the insurer along with all the required documents like doctor’s prescriptions, pathological reports, chemist bills, certificate of hospital admission and discharge,
    • The claim is settled by the claims team after careful review and the claim amount is reimbursed.

    2. Senior Citizen Health Insurance Cashless Claim Process:

    If you avail medical treatment at a network hospital, then you can file for a cashless claim under a senior citizen health policy. Take a look at the steps listed below:

    • Get hospitalized at a network hospital of the insurance provider
    • Fill out the pre-authorization form available at the hospital and give it to the hospital authorities
    • The hospital will send the thepre-authorization request to the TPA that needs to be approved by the insurance company or the claims team to initiate cashless hospitalization of the insured elderly person.
    • Obtain the treatment after approval and get discharged
    • The insurance company will settle the claim with the hospital directly.


    Tax Benefits of Senior Citizen Health Insurance

    A senior citizen health policy not only provides assurance to cover medical expenses but also allows you to avail tax exemption under section 80D of the Income Tax Act, 1961. You are eligible for an income tax rebate of up to Rs 50,000 if you hold a mediclaim policy for senior citizens for your elderly parents.

    You can also avail an additional tax rebate of Rs 5,000 on payments made towards preventive health check-ups every financial year. Moreover, you can also get a rebate of up to Rs 1 lakh if the senior citizen undertakes a critical disease treatment.

    If you are a senior citizen who is still earning and also paying the health insurance premium on behalf of your son or daughter, then you can avail an additional income tax rebate of Rs 25,000. This means that you can avail tax deduction of up to Rs 75,000 in a financial year under section 80D.

    Benefits of Buying Senior Citizen Health Insurance from Policybazaar

    Policybazaar Insurance Broker Private Limited offers multiple benefits to the policyholder on buying a senior citizen health insurance policy. Take a look at them below:

    • Online Comparison- Policybazaar.com helps you to make an unbiased online comparison of various senior citizen health insurance policies available in the market so that you find the most suitable policy as per your health needs.
    • Senior Citizen Health Insurance Calculator- They offer the facility of a health insurance calculator that allows you to check the premium for different policies before making the actual purchase.
    • Savings on Premium- Policybazaar.com offers up to 12.5% savings on your premium if you opt for a 2-year policy tenure while buying your senior citizen health policy. Thus, you end up saving a lot of money.
    • Expert Advice- A qualified team of experts are available to answer your queries and help you to buy the best senior citizen health insurance policy.
    • Instant Policy Purchase- They help you to save a lot of time as you can purchase an insurance policy on Policybazaar.com in less than two minutes.
    • Claim Assistance– It also offers claim assistance after you have purchased the policy.

    Senior Citizen Health Insurance FAQ’s

    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
    Average Rating
    (Based on 381 Reviews)

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    Senior Citizen Health Insurance Reviews & Ratings
    4.5 / 5 (Based on 381 Reviews)
    (Showing Newest 15 reviews)
    Onkar
    Vijayawada, October 26, 2021
    Easy Reimbursement
    My experience with Policybazaar has been great. I had taken senior citizen health insurance for my mother from Policybazaar. Last month, she was admitted to the hospital due to a medical emergency. When she got discharged I connected with Policybazaar for reimbursement of hospital bills and I got it immediately
    Paramjit
    Jodhpur, October 26, 2021
    No claim bonus
    Policybazaar is totally worthy place to buy any kind of plan. I have been using senior citizen health insurance for a long time which i had take for my parents. I never raised the claim request so i got discount on the premium rate when i was renewing the plan.
    Kartik
    Madurai, October 26, 2021
    Add on cover
    I am using senior citizen health insurance since last year which i had taken from the policybazaar and recently i have customized my health plan with add on cover and added some additional features to it which i got at an affordable rate.
    Karun
    Raipur, October 26, 2021
    Low premium
    I have taken senior citizen health insurance for my parents. It has Coverage against medical expenses. Pre hospitalization, post hospitalization expenses features are covered under the plan. It has low premium rate and covered huge number of benefits.
    Swapan
    Kota, October 26, 2021
    Easy Reimbursement
    I got reimbursement in hospital bills. I bought senior citizen health insurance for my mother from Policybazaar and a month back she faced some medical problems. I connected with policybazaar for reimbursement and i got it without any hassle.
    Tarun
    Guwahati, October 26, 2021
    Pocket friendly plan
    I was looking for senior citizen health insurance for a long time which I wanted to take for my father. A relative of mine suggested me the Policybazaar website. I landed to their website and checked the health plans. In the end I finally found one that came within my budget.
    Manoj
    Surat, September 14, 2021
    Supportive team
    With the help of Policy Bazaar i got the senior citizen health insurance. thanks to the team for giving me full support and they helped me to choose the best one. team did a really great job. i am happy with overall service.
    Anil
    Jaipur, September 14, 2021
    Good service
    Policy Bazaar showed me several plans of Senior Citizen Health Insurance. Policybazaar has provided me very good service and I have no complaints with Policybazaar. those who are planning to buy any type of policy should give Policybazaar a try.
    Suresh
    Kanpur, September 14, 2021
    Online procedure
    After visiting many websites i landed on the policybazaar website and here i found senior citizen health insurance at affordable rate. i found everything easy. it just took few seconds to get the policy online and i got the soft copy of my plan immediately.
    Som
    Kanpur, September 13, 2021
    High coverage
    I have purchased senior citizen health insurance from the Policybazaar. it covers medical expenses which includes medical bills, doctor fees, room of the charges etc. pre-existing disease, critical illnesses are also covered under the same.
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