Get <strong>₹5 Lac</strong> Health Insurance starts <strong>@ ₹315/<span>month*</span></strong>
Get ₹5 Lac Health Insurance starts @ ₹315/month*
Get ₹5 Lac Health Insurance starts @ ₹315/month*
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
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

Health Insurance Comparison Chart For Senior Citizens in India

Health insurance is something which is required by people of every age. Phew! No more of worries related to high medical bills, emergency treatments or day care procedures as medical insurance has come like a savoir for all. Health insurance for senior citizen is one of the essentials which are must for their secured and stress free future. Today, there are numerous insurance companies which provide health insurance for seniors and all the policies come with different pros and cons. The selection of a good plan from the sea of such health policies might sound a bit tricky, and actually, this step should be taken after a thorough R&D. An individual should check the cover and decide on the things he/she needs in future.

 

Also, one should check the premium rates along with riders and benefits available. Well, the premium is likely to be higher because of the age factor, but it is undoubtedly a great investment for seniors. An elderly person does not need to agonize about financial condition in case of unforeseen medical emergencies and can easily go for free health check-ups with a good health insurance plan.

When finalizing a policy, an individual must take care of certain parameters like- premium rates, cover or benefits, features, exclusions and terms & conditions.

You may also like to Read: Tax Benefits under Section 80C

Health Insurance Comparison Chart

Analyzing the following points, below is a comparison chart of some of the health insurance policies on the major features:

 

Bajaj Silver -55 yrs & above

Star Medical Classic- 2 to 80 yrs

Star Red Carpet- 60 to 69 yrs

National Varishtha -60 yrs& above

Maximum Entry Age

70

75

69

70

Maximum Exit Age

75

80

Life long

90

Pre-existing waiting period

1st year for 50% S.A

4 years

2nd yr with 50% co-payment

1st claim free year

Non-network hospital treatment

Co-payment of 20%

No charges

No charges

No charges

Room Rent

No room rent

2% of S.A up to Rs. 4000/-

1% of S.A

1% of S.A

Family Discount

5%

Nil

Nil

Nil

Buying Policy Process

Too many medical test and inflexible process

Abundant restrictions, many tests but, simple issuing

Easy to buy and no medical tests

Easy issuing but lower cover

Special Exclusion

No joint replacement surgery for 4 yrs

 

 

 

Premium for Rs. 1 Lakh

Rs. 8056

Rs. 3372

Rs. 5000

Rs. 5166


Apart from these plans, one can check out various other policies and compare the benefits provided. This process helps to select the policy which best meets your requirement.

You may also like to Read: Deduction under Section 80D for AY 2016-17

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

Written By: PolicyBazaar - Updated: 11 June 2020
1,583,792 Confirmed Cases in India*
18,410,580 Confirmed Cases worldwide*
662,356 Confirmed deaths worldwide*
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

You May Also Want to Know About

Best Health Insurance Plans in India

Best Health Insurance Plans in India

Health insurance is amongst the most intricate insurance products, as it comes with numerous riders and benefits, and hence, there are so many variants to it. The insurance marketplace nationwide is quite competitive. You must consider comparing th...
Best Health Insurance Companies in India

Best Health Insurance Companies in India

Every year, a list of top health insurance companies in India is declared which helps in taking the right insurance decision. There are few important features that help it to rate the insurance companies, such as their performances, Incurred Claim ...
Top Maternity Insurance Plans

Top Maternity Insurance Plans

Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood. Though rearing a child is an expensive affair and may require good financial backup to meet the requirements of a growing baby. From ho...
Top Family Health Insurance Policies in India 2020

Top Family Health Insurance Policies in India 2020

From the air we breathe to the food we eat; everything is intentionally or unintentionally subjected to adulteration. Due to this, the disease rate in India is rising drastically. Naturally, more and more people are visiting hospitals frequently. A...
Health Insurance for Parents

Health Insurance for Parents

Are you planning to buy health insurance for your parents? Well, the Indian Insurance market is currently flooded with healthcare plans specifically designed for senior citizens or elderly parents above 60 years. And many insurance providers also o...