Senior citizen health policies are a kind of health insurance specifically for the elderly in our society. They are meant to look after them in their old age and ensure they are medically and health-wise comfortable. They deserve the highest standard of care, and that's what the plethora of health plans for senior citizens hope to give them with the multitude of benefits they offer.
With some expert comparing and contrasting, we came up with a list of the best senior citizen health insurance policies in India for your consideration:
Bajaj Allianz - Silver Health Senior Citizen Health Plan
- Age range: 46 – 70 years
- Sum assured: Rs. 50,000 – 5 lakhs
- Pre-existing conditions: Coverage begins from the 2nd year of the policy
- Pre and Post Hospitalisation Expenses: Policy covers up to 3% of admissible hospital expenses
- Medical Check-Up: The complete list of procedures covered are: Fasting BSL, ECG, Urine R, Liquid Profile, HbA1c, SGPT, CBC, SGOT, CBC, Sr. Creatinine
Star Health – Senior Citizen Red Carpet Health Insurance Plan
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Age range: 60 – 75 years
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Sum assured: Rs. 1 – 10 lakhs
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Pre-existing conditions: Coverage begins from the 2nd year of the policy
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Pre and Post Hospitalisation Expenses: Only covers post hospitalisation expenses up to Rs. 5000, excluding nursing charges, diagnostic charges, consultation fee, and medicine.
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Medical Check-Up: No pre-acceptance medical test required
National Insurance – VARISHTHA Mediclaim Policy for Senior Citizens
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Age range: 60 – 80 years (renewable up to 90)
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Sum assured: Rs. 1 lakh (Mediclaim); Rs. 2 lakhs (Critical Illness)
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Pre-existing conditions: Coverage begins after1 claim-free year while the policy
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Pre and Post Hospitalisation Expenses: 30 days (Mediclaim) and 60 days (Critical Illness) post-hospitalisation covered
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Medical Check-Up: Not required if the individual has been covered for the last 3 years; Required if this condition is not fulfilled.
New India – Senior Citizen Mediclaim Policy
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Age range: 60 – 80 years (renewable up to 90)
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Sum assured: Rs. 1 – 1.5 lakhs
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Pre-existing conditions: Coverage begins after18 months of the policy
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Pre and Post Hospitalisation Expenses: Covers 30 days pre-hospitalisation (max: 5% of hospital bill) and 60 days post (max: 10% of hospital bill)
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Medical Check-Up: Required
United India – Senior Citizen Mediclaim Policy
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Age range: 61 – 80 years
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Sum assured: Rs. 1 – 3 lakhs
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Pre-existing conditions: Covered after 4 years of non-stop renewal
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Pre and Post Hospitalisation Expenses: Covers 30 days pre-hospitalisation and 60 days post (max: 10% of hospital bill based on which bill is less)
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Medical Check-Up: Required with 50% reimbursement after proposal acceptance
HDFC ERGO Health Optima Senior (formerly called Apollo Munich Health Optima Senior
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Age range: 61 and above
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Sum assured: Rs. 2 – 5 lakhs
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Pre-existing conditions: Covered after 3 years of non-stop renewal
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Pre and Post Hospitalisation Expenses: Covers 30 days pre-hospitalisation and 60 days post
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Medical Check-Up: Required with 50% reimbursement after proposal acceptance
Oriental – Senior Citizen HOPE Health Insurance
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Age range: 61 and above
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Sum assured: Rs. 1 – 5 lakhs
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Pre-existing conditions: Covered after 2 years of non-stop renewal
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Pre and Post Hospitalisation Expenses: Covers 30 days pre-hospitalisation and 60 days post
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Medical Check-Up: Requires medical tests from specific diagnostic centres
SBI – Arogya Top Up Policy
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Age range: 65 and above
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Sum assured: Rs. 1 – 5 lakhs (without deductibles); Rs. 1 – 10 lakhs (with deductibles)
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Pre-existing conditions: Covered after 4 years of non-stop renewal
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Pre and Post Hospitalisation Expenses: Covers 60 days pre-hospitalisation and 90 days post
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Medical Check-Up: No medical test required up to 55 years of age if there are no pre-existing medical conditions, i.e. no medical history
Tata AIG – MediSenior Health Insurance
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Age range: 61 and above
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Sum assured: Rs. 2 – 5 lakhs
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Pre-existing conditions: Covered after 4 years of non-stop renewal
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Pre and Post Hospitalisation Expenses: Covers 30 days pre-hospitalisation and 60 days post
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Medical Check-Up: Required with 50% reimbursement after proposal acceptance
This list is not in order of best – they are all good policies and offer various benefits. However, you may still require a different plan, depending on your needs. And this is why our team at Cover 360 exists! Consider these as an introductory guide to what to look for when buying senior citizen health insurance.
And then, with our help, we can introduce you to the best health plans for senior citizens so you can make a completely informed decision!