Best Health Insurance Plans for Senior Citizen in India

1. Best Health Insurance Plans for Senior Citizen in India Advancement in age increases the risk of contracting diseases and makes people more vulnerable to health issues because of their deteriorating health condition. Considering the rising cost of health care in India, hospitalization and other medical expenses can become a big problem for senior citizens because they need frequent medical attention. But there are many health insurance policies in India, which are specially designed to cover the medical need of senior citizen, so that they can live a peaceful and secure life. So, let’s see some of the best health insurance policies specially designed for senior citizen in Inida Health insurance plans for senior citizens Bajaj Allianz Silver Health Plan This health insurance plan is specially designed for senior citizen, which covers their health care cost and allows you to live a worry free life. It offers cashless treatment through its’s network of hospital and reimbursement of cash also. Key Features       Self and spouse can be covered under the same policy Family discount of 5% Waiting period of only 1 year for pre-existing diseases Cashless Treatment Specially designed for senior citizen between age 46 years and 70 years Hassle free claim procedure

2. Oriental Insurance Hope Policy This health insurance policy is designed for senior citizens above the age of 60 years. It comes with a compulsory co-payment of only 20%. This plan offers you numerous discount and there is no cap on the upper limit of age for taking the policy. Key Features      Covers Domiciliary Treatment On a voluntary co-payment, premium discount is offered Benefit of continuity extended if already insured with any mediclaim policy of the Company. Availability of TPA service Policy is available for sum insured of 1,2,3,4 and 5 lakh Star Senior Citizen Red Carpet Health Insurance Plan This plan can be taken by individual between the age of 60 to 75 years and it has been specially designed to take care of the medical need of senior citizens. Your pre-existing disease starts getting covered from the second year of the policy term. Key Features       No pre-policy medical check up Lifetime Renewability Waiting period for pre-existing disease is only 1 year Availability of choosing high sum assured, upto Rs.10 lakh Guaranteed renewal after the age of 75 years Cover for specific day care procedure Apollo Munich OptimaSenior Plan This plan offers cover for senior citizen and their spouse also. It comes with many benefits and discounts, which makes this plan unique in the market. This plan provides cover for medical treatment of illness and accident which requires in patient hospitalization. Key Features       Lifelong renewability Availability of co-payment on room rent and specific diseases Arrangement of second opinion on your request and payment by the company for the same Maximum sum assured of Rs.5 lakh Availability of cashless treatment over 4000 network hospitals across 800 cities No claim based loading or claim based underwriting TATA AIG MediSenior Plan

3. This plan is specially designed for retired senior citizens. It covers the medical expense of the senior citizen after retirement, so they can live a stress free life without depleting their hard earned savings. Key Features       Cover for domiciliary treatment Hassle-free claim settlement procedure Lifelong Renewability No claim Discount Portability option Cover for organ donor expense United India Insurance for Senior Citizen This plan offers cover for health care expense for old aged people between the age of 61 to 80 years. Medical expense incurred during hospitalization due to injury, sickness or accident. Key Features      Cover for Day care procedure Option of enhancement of sum assured at renewal Availability of 20% co-payment for major illness claim Cover for Organ Donor Hospitalization expense Cover for AYUSH Treatment Religare Care Freedom This health insurance policy from Religare offers you cover for health care expense with a wide range of options to choose from and numerous benefits. To avail this policy, you don’t need to go through any medical check up. Key Features      Entry age has no upper limit Cover for Domiciliary hospitalization Consumable allowance Recharge of Sum insured Cover for Day Care Treatment Every health insurance policy for senior citizens comes with different benefits and flexibility. Some provide a wide entry age limit while others offer various discounts. You must understand your need and situation, and then compare different policies, so that you can choose the best health insurance plan.