<strong>₹5 Lac</strong> Health Cover for <strong>Senior Citizens</strong> starts <strong>@ ₹300/<span>month*</span></strong> with no upper age limit
₹5 Lac Health Cover for Senior Citizens starts @ ₹300/month* with no upper age limit
₹5 Lac Health Cover for Senior Citizens starts @ ₹300/month* with no upper age limit
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

Why Health Insurance is Necessary for Senior Citizens?

Health care costs are getting higher and higher. As our age increases, the health care cost rises, which turns out to be a burden, especially in our retiring years. This is the reason that senior citizens have to think before spending each penny, as they have to pay out of their hard-earned savings in order to meet the medical expenses.

Health insurance is well-thought-out as a necessity in today’s age. Though, a lot of people in various age groups are left only thinking about this precious protection. There are a number of reasons for not buying a Senior Citizen health insurance plan and old age is one of the most common ones. Senior citizens often find it tough to select a good health insurance plan.

 

This is because either the plans are too expensive or it needs extensive medical tests which they find difficult to undergo. These factors force them to live without a health insurance policy. However, today there are many good health insurance policies available for senior citizens which provide them so many options to choose from.

How Choose a Health Insurance Plan?

The premium amount should not be the sole criteria while choosing a health care plan. Options like critical care, hospitalization expenses and the number of network hospitals covered by the policy are equally important. It would be wise to pay a higher premium if it could provide you with an adequate coverage. The sum insured should be a higher amount as the medical expenses are spiralling. Each year, the inflation in health care industry is considered to be 15%. The policy should have a low waiting period for illnesses which comes under the pre-defined time frame. A lifelong renewable health plan safeguards that a person can be covered with health insurance for as long as they need it.

Health Insurance is Necessary for Senior Citizens

Many of you can also consider buying family health plans for your parents or your wife as many companies offer a percentage of discount(s) on such plans. Family health plans safeguard your family against illnesses and the skyrocketing medical costs.

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

Written By: PolicyBazaar - Updated: 18 August 2020
5,020,359 Confirmed Cases in India*
34,478,590 Confirmed Cases worldwide*
931,582 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

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...
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...
Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always ...
Best Health Insurance Plans for Senior Citizens in 2020

Best Health Insurance Plans for Senior Citizens in 2020

Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy adequate health insurance for your loved ones. And if they are your elderly parents, then it is all the more imperative to get them medi...
Here’s the Difference between Health Insurance and Mediclaim

Here’s the Difference between Health Insurance and Mediclaim

Imagine you’re looking for a job change. You get an interview call for a job. What will be your plan of action? Will you get your resume ready and prepare for the interview or you will try to extract all the possible information about the job pro...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL