*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Old age requires much attention! Senior citizens are prone to health issues due to the age factor, where frequent medical visits can drain a huge chunk of savings. Hence, senior citizens must consider buying health insurance especially for the people who are aged 65 years and above to make these treatments affordable. However, Senior Citizen health insurance needs evaluation before buying it. One needs to compare health insurance among various insurance providers for getting a good Senior Citizen health insurance policy.
There has been a terrifying increase in healthcare costs recently. As the age of a person increases, the healthcare costs also escalate, making them a burden to bear, especially in the retiring age. Therefore, the senior citizens think twice before spending their money after the medical expenses, which sucks away their retirement savings.
Health insurance in today's age is a necessity. But the senior citizens do not opt for investing in the health insurance plans because they fear that these plans will be very costly, and they will lose all their hard-earned money. They may not be wrong in their belief, but at the same time, paying a health insurance premium is always better than paying expensive medical bills. Senior Citizens should thus search for the best Senior Citizen health insurance in India and should invest in good health insurance plans for their secure future and health.
Senior Citizen health insurance plans have their limitations, such as high premiums, extensive medical tests, and a lot of exclusions in the policies. There are so many criteria to be looked into before choosing a good health insurance plan, such as:
It becomes imperative to compare health insurance plans in India for a good choice of Senior Citizen health insurance plan.
Let us mention here some of the popular senior citizen plans available in India –
Insurer Name |
Plan Name |
Aditya Birla Health Insurance |
Active Care Senior Citizen Plan |
Baja Allianz General Insurance |
Silver Health Plan |
Bharti AXA General Insurance Company Ltd. |
Senior Citizen Health Plan |
Care (Formerly known as Religare) Health Insurance |
Health Freedom |
Cholamandalam MS General Insurance Company Ltd. |
Individual Healthline Plan |
Digit Insurance |
Digit health insurance |
Edelweiss General Insurance |
Platinum Plan |
Future Generali Indian Insurance Company Ltd. |
Health Suraksha |
HDFC Ergo Health Insurance |
Health Optima Senior Citizen Plan |
HDFC Ergo General Insurance Company |
Myhealth: Medisure Classic |
IFFCO Tokio General Insurance Company Ltd. |
Medishield Plan |
Kotak General Insurance |
Family Health Plan |
Liberty General Insurance Ltd. |
Liberty Health Insurance |
Max Bupa Health Insurance Company |
Heartbeat Plan |
ManipalCigna Health Insurance |
Lifestyle Protection Accident Care |
National Insurance Company Ltd. |
Varishtha Medicalim Policy |
New India Assurance Company Ltd. |
Senior Citizen Mediclaim Policy |
Oriental Insurance Company Ltd. |
Senior Citizen HOPE Policy |
Raheja QbE General Insurance Company Ltd. |
Raheja QbE Health Insurance |
Royal Sundaram General Insurance Company Ltd. |
Lifeline Elite Plan |
Reliance General Insurance Company Ltd. |
Health Gain Insurance |
Star Health & Allied Insurance Company Ltd. |
Red Carpet |
SBI General Insurance |
Arogya Sanjeevani Policy |
TATA AIG General Insurance Company Ltd. |
TATA AIG MediSenior |
United India Insurance Company Ltd. |
Senior Citizen Mediclaim Policy |
Universal Sompo General Insurance Company Ltd. |
Senior Citizen Health Insurance |
*Paisawiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
The following are the essential features of the Senior Citizen health insurance plans available in India:
Following are a few benefits of availing a Senior Citizen health insurance:
Let's now look at some of the standard exclusions under the Senior Citizen health insurance, to be kept in mind while getting the health insurance for senior citizens:
If one wants to buy a Senior Citizen health insurance for his or her parent or if a senior citizen wants to buy health insurance, then one needs to keep in mind the following five things to choose a suitable health insurance plan for oneself:
Considering the steady rise in healthcare costs, it can be exceedingly difficult for senior citizens to get proper treatment at affordable rates. For a long time now, there is an increase in the life expectancy of an average Indian citizen due to improvement and advancement in medical healthcare products and services. Senior citizens do not have a stable income, so it becomes difficult for them to pay their medical bills. Thus, a health insurance plan becomes extremely useful to them. However, they need to keep the following things as a handy guide to buying health insurance:
Ans. The following points before availing Senior Citizen health insurance -
Ans. As age increases, the health of a person tends to deteriorate at a faster rate. Also, with the increasing age, the income tends to decrease due to the age of retirement. Thus, senior citizens need health insurance to bear increasing medical expenses during this stage of their life.
Ans. In case of Senior Citizen health insurance, medical tests are necessary to assess the medical condition regarding the insurance requirements. However, medical tests are not required for a person below 45 years of age.