Health insurance for senior citizens is a must for the secure and stress-free future of elderly people. Today, there are numerous health insurance plans for senior citizens with different pros and cons. A proper comparison of different plans can make the selection process easier. Read on to compare various senior citizen health insurance plans.
*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
Who would you like to insure?
When finalizing a health policy for senior citizens, an individual must consider certain parameters like premium rates, coverage, benefits, features, exclusions, and terms & conditions. But before choosing a health plan, he/she should first analyze the coverage that he/she may need in the future. Keeping these health requirements in mind, the buyer should choose a policy that offers the required coverage.
Also, one should check the premium rates along with riders and the benefits available. Although the premium will be higher because of the increased age, buying health insurance is undoubtedly a great investment for senior citizens. An elderly person does not need to worry about his/her financial condition in case of unforeseen medical emergencies with a good health insurance plan.
Moreover, the policyholder can also avail of free preventive health check-up facilities under most senior citizens' health insurance plans.
Below is a comparison chart of various health insurance policies for senior citizens based on major features:
Senior Citizen Health Insurance Plans |
Entry Age |
Sum Insured (Rs) |
Pre-existing Diseases Covered |
Medical Check-up |
Aditya Birla Activ Care Health Insurance Plan |
55 - 80 years |
3 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 Complete |
18 years onwards |
5 lakh to 50 lakh |
From the 3rd year |
Not required up to 45 years of age and Rs 10 lakh SI |
Care Senior Health Insurance Plan |
61 years and above |
3 lakh to 10 lakh |
From the 5th year |
Not required |
Cholamandalam Healthline Insurance Plan |
18-65 years |
2 lakh to 25 lakh |
From the 5th year |
Not required up to 45 years of age |
Digit Health Care Plus Plan |
18 years onwards |
Up to 3 crore |
From 1st/2nd/3rd/4th/5th year (as per plan coverage) |
May be required |
Edelweiss Health Insurance Platinum Plan |
18 years onwards |
15 lakh to 1 crore |
From 3rd/4th/5th year (as per plan type) |
Required for applicants above 50 years and Rs 20 lakh SI |
Future Generali Varishta Bima Plan |
60 years onwards |
2 to 10 lakh |
From the 2nd year |
Required for Rs 7.5 lakh SI and above |
IFFCO Tokio Individual Medishield Plan |
18 - 65 years |
50,000 to 5 lakh |
From the 4th year |
Required after 60 years |
Kotak Mahindra Health Premier Plan |
18 - 65 years |
2 lakh to 2 crore |
From the 4th/5th year |
Required after 55 years of age and Rs 50 lakh & above SI |
Liberty Health Connect Plan |
18 - 65 years |
2 lakh to 15 lakh |
From the 3rd/4th/5th year |
Required after 55 years of age |
Magma HDI OneHealth Insurance Plan |
18 – 65 years |
2 lakh to 1 crore |
From 3rd/4th/5th year |
May be required |
ManipalCigna ProHealth Insurance Plan |
18 years onwards |
2.5 lakh to 1 crore |
From 3rd/4th/5th year |
May be required |
National Senior Citizen Mediclaim Policy |
60 - 80 years |
1 lakh to 10 lakh |
From the 3rd year |
Required |
New India Assurance Senior Citizen Mediclaim Policy |
60 - 80 years |
1 lakh, 1.5 lakh |
After 18 months |
Required |
Niva Bupa Senior First Insurance Plan |
61 – 75 years |
5 lakh to 25 lakh |
From the 3rd year |
Not required |
Oriental Health of Privileged Elders Insurance Policy |
60 years and above |
1 lakh to 5 lakh |
From the 3rd year |
Required |
Raheja Health QuBE Insurance Policy |
18 - 65 years |
1 lakh to 50 lakh |
From the 5th year |
May be required |
Reliance Health Gain Insurance Plan |
18 - 65 years |
3 lakh to 18 lakhs |
From the 4th year |
Required as per the age |
Royal Sundaram Lifeline Insurance Plan |
18 years onwards |
2 lakh to 1.5 crore |
From the 3rd/4th/5th year |
May be required |
SBI Arogya Premier Insurance Plan |
18 - 65 years |
10 lakh to 30 lakh |
From the 5th year |
Not required up to 55 years of age |
Star Senior Citizens Red Carpet Health Insurance Plan |
60 - 75 years |
1 lakh to 25 lakh |
From the 2nd year |
Not required |
Tata AIG MediCare Premier Plan |
18 – 65 years |
5 lakh to 50 lakh |
From the 5th year |
Not required up to 45 years of age |
United India Individual Health Insurance Policy |
61 - 65 years |
2 lakh to 5 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 |
Required |
Apart from these plans, people can also check out various other senior citizen health policies available in the market and compare the benefits provided. Doing so helps to select the policy which best meets their medical requirements.
*Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Choosing the right health insurance plan for a senior citizen is a big responsibility. With the comparison chart above, you can easily compare the benefits and waiting periods of different policies and buy the one that best suits your needs. Make sure to check the premiums before buying with the help of a health insurance premium calculator online on websites like Policybazaar.com