250+ Plans from 18 Insurance Companies
  • Rs. 5 Lakh
    Coverage @ Rs. 12.9/Day*
    *Standard T&C Apply
  • 7 Lakh+
    Happy Customers
  • 10,000+
    Hospitals for Cashless Treatment
*Please note that the quotes shown will be from our partners
*savings provided by insurer

Health Insurance for Parents Above 55-60 Years

Health Insurance for Parents

Are you planning to buy Health insurance for parents? Indian market is currently abound with options on healthcare plans specifically designed for senior citizens and many insurance providers also offer family floater healthcare plans specifically designed for families consisting of senior citizens.

However, the options tend to limit down if the age of your parents is more than 50. Also, while purchasing mediclaim policy for family which includes your parent’s you might have to pay a higher premium depending upon the age of the eldest parent. The primary reason is the age vs health risk metrics. As the age of the parent increases, the risk exposure of the insurance companies also rises. In order to maintain a balance, the firms have to insert some built-in buffers.

The good news is that many companies are now coming up with mediclaim policy specifically designed for senior citizens. For example, star health senior citizen red carpet plan, Bajaj Allianz silver plan, etc.

The Star Health Senior Citizen Red Carpet policy covers people in the age group of 60-69 years. Although there is copayment of 50%, there are no medical tests required at the time of the payment of the policy. Similarly, Similarly, Bajaj Allianz Silver Plan covers people till the age group of 75 years and the policy can be renewed till 80 years. The Sum Insured options start from Rs 50,000 to Rs 5,00,000.

If you are looking for best mediclaim policy for family among the national insurance companies, National Insurance provides Varistha Mediclaim policy which requires, no medical tests if the parents were already covered under a health insurance policy previously. It also provides no-claim benefits and covers pre-existing diseases after one year of no claims from the date of policy inception with the company. Similarly, Oriental insurance’s offer called Hope states no upper age limit for health insurance and covers 11 specified critical illness diseases like Accidental Injury, Knee Replacement, Cardio Vascular Diseases, Chronic Renal Failure, Cancer, Hepato-Biliary Disorders, Chronic Obstructive Lung Diseases, etc.

Compare Health Insurance

As the market is abound with options it gets important to go through all the options and then zero down on one to buy the best mediclaim policy for parents. Before you decide on purchasing a certain policy, we would recommend you scan all the possible options and decide on the one that is best healthcare policy suitable for you. For your ease, we have covered most of the important plans like Apollo Munich health insurance plan, Maxbupa health insurance plan, etc. Although we have tried our best to provide the best of the knowledge, we would recommend the details mentioned in the article should be checked by the concerned company representative before confirming to buy the policy,

Best Medical Insurance for Parents above 60 Years

Insurer name

Name of Plan

Highest age limit (years)

Max sum insured (in Rs. Lakh)



Pre-medical test

Star Health

Red Carpet

75 years

1-7.5 Lakh

Diseases which have been treated 12 months before the inception of the policy, Pre-existing diseases consists of 4 months of waiting period, 30 days waiting period for any diseases from the inception of the policy

50% for pre-existing disease

Not required

Bajaj Allianz

Silver Plan

75 (can be renewed till 80)

0.5 - 5

4 years waiting period for pre-existing diseases, 30 days waiting period for any diseases from the inception of the policy, 2 year waiting period for specific diseases, etc

Has 2 condition - 1) 10% copayment for treatment in non-network hospitals, 20% copayment if the person is 56 years and above 2) For people aged 56 and above, buying silver health for the first time, 20% copayment is applicable

Not mentioned in the brochure

Apollo Munich

Easy health

Sum insured (1-2 Lakh) has maximum entry age is 65. For others, the maximum entry age is 60

1 - 10

Any Critical Illness within 90 days of the commencement of the policy, -Any illness diagnosed within 30 days of inception of policy is not covered, however accidental injuries will be covered,  The pre existing diseases will be covered after waiting period of 3 years

Not applicable, provides cashless option

Not mentioned in the brochure



No age restriction to cover family members like senior citizens or new born baby

2  - 50

Any illness diagnosed within 90 days of inception of policy, however accidental injuries will be covered; Pre existing diseases covered after waiting period of 4 years; Maternity benefits covered after completion of four years;  two years waiting period on some conditions

For people aged above 65 years, 20% copayment

Medical required above 45 years of age



75 years


Any pre-existing, peril arising from specified conditions like drugs, From the age of 71 to 75 years the benefits are reduced by 50%, etc

Not mentioned in the brochure

Not required

Oriental Insurance


No upper limit

1 - 5

Pre-existing ailments excluded up to 2 years of this policy being in force continuously, 30 days waiting period for any diseases from the inception of the policy, Only the Specified Diseases / illness/ injury are covered

Insured has to bear 20% (Twenty percent) of admissible claim amount in each and every claim., further voluntary co-payment is available, premium will be adjusted accordingly

Not mentioned in the brochure

Chola Insurance

Individual cove

55 years, dependent parents up to 65 years also covered

10 to 50

30 days waiting period for any diseases from the inception of the policy, Pre-Existing Conditions not covered until 4 years of coverage for the Insured person have elapsed


Not required

Religare Health Insurance

Care Freedom Senior Citizen Health Insurance

46 years to lifelong

3 Lakh, 5 Lakh, 7 Lakh and 10 Lakh

  • Pre-existing illness will not be covered for the 2 years
  • Any claim made within the first 30 days from the policy commencement date.
  • Any OPD treatment
  • Self-inflicted injury
  • Any injury arises out of the influence of alcohol or drugs
  • No coverage for HIV/AIDS
  • Congenital illness are excluded
  • Infertility related treatment is not covered
  • Treatment arising from  pregnancy and childbirth, miscarriage, abortion and its consequence  


20% / 30% per claim. Beyond the age 70 years, it increases by 10% per claim

Not required

Royal Sundaram

RSA Lifeline Elite

Minimum- 18 years

Rs.25 Lakh, Rs.30 Lakh, Rs.50 Lakh, Rs.1 Crore and Rs.1.5 Crore.

    • Pre-existing illness will not be covered up to 2 years.
    • Any claim made within the first 30 days from the policy start date.
    • Claim for critical illness will not be entertained before 90 days from the commencement date of the policy.
    • Claim for Illnesses like Cataract, Hypertrophy, Benign Prostatic, Chronic Renal Failure/ End Stage Renal Failure, Knee/Hip Replacement, etc., can’t be claimed during the first 2 years.
    • Permanent exclusions are AYUSH treatment, adventure sports, Ageing and Puberty, congenital illnesses, AIDS, eye related treatment, dental treatment, self-inflicted injury, cosmetic surgery, conflict and  disaster, obesity, sexually Transmitted Disease, sleep disorder, any injury due o unlawful activity, nature cure, drugs and dressing for OPD, wellness clinic costs, preventive care and so on.  


Required in case of pre-existing illness.

Star Health Insurance

Red Carpet

60 to 75 years

1 to 10 Lakh

    • Pre-existing illness will be covered after 12 months
    • No claim will be excepted within 30 days of policy commencement
    • Hospital registration fee, neuropathy treatments 

50% of each claim

Not required 

Compare Health Insurance