Best Healthcare Plans for Senior Citizen Parents
10 August, 2023
72 Shares
1071 Reads
Share
Family is a source of happiness, and senior citizens are the guiding stars who stand with you through the thick and thin of your life. So would you leave your parents longing for the healthcare needs in their old age? No, in fact, you would want to ensure that your parents get the best medical treatment if they fall ill, and for this, you need a good health insurance.
Medical Insurance for Parents
Till the recent past, it was difficult for the individuals over 65 years of age to get a policy cover. But as per the new guidelines by IRDA, every health insurance provider has to offer plans that have a minimum age of 65 yrs. for entry. The mandate has made insurance companies come with the policies, in particular for the senior citizens. So what are factors that make a senior citizen health insurance the best? Here are some of them:
Healthcare insurance services have now come up with plans for senior citizens. The minimum age of entry for such plans is generally 60 years and above it, as it is specifically designed for senior citizens. It involves the coverage of preventive health check-ups, hospitalisation costs, pre-post-hospitalisation expenses etc.
Features of Medical Insurance for Senior Citizens
If you are looking for medical insurance for parents, you must know the basic features of any health insurance plan for people over 60 years. Here are some common features which you should know:
Lifetime Renewability: some of the standard health plans do not come with renewability options, but in the case of senior citizens, the insurance company offers renewability options on plans.
Cashless Claim Facility: After the age of 60, when there is no permanent income source, it is of huge help to get cashless treatment with the policy.
Less Waiting Period: The waiting period on senior citizen health insurance is less than that of a regular health insurance plan.
Tax Benefit: If you opt for medical insurance for your parents, you will be eligible for tax benefits under Section 80D of the Income Tax Act.
Benefits of Health Insurance for Senior Citizens
Life is the most precious thing we get, and leading a healthy life is the biggest blessing you can think of. To ensure the health of your parents, considering medical insurance for parents is a wise decision as it has the following major benefits:
Cashless hospitalisation
Domiciliary hospitalisation cover
Free health check-ups annually
Tax benefits on premium paid
Reload the sum insured
Option of renewal of the policy
Saves money
Best Plans for Senior Citizens
The insurance market is loaded with health plans; thus, choosing the best one for your parents becomes difficult. Here is the list of some top plans from where you can compare the benefits offered:
Aditya Birla Activ Care: It is a plan specially designed for senior citizens with the following features:
The waiting period for the pre-existing disease is 24 months.
The joint replacement surgery standard option is 48 months.
In-Patient treatment covers the expenses of hospitalisation.
Day-care expenses are covered.
Pre and post-hospitalisation expenses.
Bajaj Allianz Silver Health: This is another popular plan for senior citizens with the following features:
Annual plan
Age criteria: 46-60 years
Option to cover yourself and your spouse under the policy
Free health check-up policy after 4 years.
15 days of the free look period
Niva Bupa Health Insurance: When buying health insurance, Niva Bupa is one of the leading players in the market. It has served several customers over years of flawless service. Here are the key features of the plan offered by the insurer:
30-minute cashless claim processing
COVID-19 hospitalisation cover
Cashless network of 7600+ hospitals
Platinum plans provide Annual Health Check-Up from day 1
Factors to Consider Before Buying a Plan
Before buying health insurance for your loved ones, you must consider the following factors:
Age Eligibility
It is a critical factor, as even the best policy features are useless if the senior citizens are not able to buy it because of age eligibility. The best senior citizens health insurance policy is one that comes without any maximum entry age. The best plan offers the longest coverage tenure, allowing entry at any age and a medical cover that goes for a longer period. You have to pay attention to the renewal age as well while buying it, as it’ll ensure that the policy covers your parents until they are alive.
Sum Insured
When going for senior citizen health insurance, you have to consider the frequency of illness and the increased medical costs of surgeries that they may have to undergo. It is better to go with the plan that offers more sum insured. Only then they will be able to get a higher health cover. Niva Bupa is an insurer that cares and ensures that you can give the best treatment to your aging parents.
Illnesses Covered
The health insurance policy meant for aged parents has to make sure that it includes a large variety of diseases and medical conditions. Will the policy serve any purpose if it is not able to cover your parents for a particular illness that they might be suffering with? You need to see the details with the advisor before buying one. So the best health insurance for senior citizens is the one that offers maximum coverage with minimum exclusions.
Pre-Existing Conditions
What if your parents already have a medical illness? Will the insurance policy cover them as well? The health insurance policy mentions the waiting period before you can make a claim for the pre-existing medical conditions. It is important, as an aged parent may need a hospitalization for which the insurance company can’t give any claim during this waiting period.
Premium
You need to bear in mind the premium per lakh of cover for the policy before buying it. You may have to ask the advisor about how they vary with age so as to ensure that your parent gets the cover until they are alive. To conclude, when you are buying the senior citizen health insurance policy, it is better to go with the one that covers them until the end and ensures quality medical services.
Secure your Health with comprehensive insurance plans from Niva Bupa
Popular Searches - Health Insurance | Medical Insurance | Best Health Insurance Plans | Health Insurance Plans | Health Insurance Policy | Best Health Insurance Plans | Best Family Health Insurance | Best Mediclaim Policy | Best Health Insurance In India | Best Medical Insurance In India | Best Health Insurance Plans In India | Best Health Insurance Policy In India | Mediclaim | Best Health Insurance For Senior Citizens In India | Best Health Insurance | Health Insurance With Opd Cover | Mediclaim Insurance | Medical Insurance Plans | Best Health Insurance Company in India | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Pregnancy Insurance | Maternity Insurance | | Best Family Health Insurance plans in India | Best Health Insurance company | Family Health Insurance | Best Health Insurance plans for Senior Citizens | Mediclaim Policy for Family
Health Insurance Schemes - Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme | Swasthya Sathi Scheme | Pradhan Mantri Matru Vandana Yojna | Government Health Insurance Scheme | Dr. YSR Aarogyasri Scheme | Pradhan Mantri Suraksha Bima Yojna | Health Insurance Deductible | West Bengal Health Scheme | Third Party Administrator | Rashtriya Swasthya Bima Yojana | In Patient Vs Out Patient Hospitalization | Mukhyamantri Chiranjeevi Yojna | Arogya Sanjeevani Health Insurance | Copay Health Insurance | Cashless Health Insurance Scheme | Mukhyamantri Amrutum Yojna
Travel Insurance Plans - Travel Insurance | International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand | Travel Insurance UK | Travel Insurance Germany | Travel Insurance Bali | Travel Insurance Vietnam | Travel Insurance Dubai | Travel Insurance Singapore | Schengen Travel Insurance
Top Hospitals - Best Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Best Hospitals in Kolkata | Best cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Best cancer hospitals in India | Top 10 cancer hospitals in India | Top 10 cancer hospital in Delhi | Multi Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi | Best Liver Hospitals in Delhi | Best Liver Hospitals in India | Best Kidney Hospitals in India | Best Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi
Others - Top Up Health Insurance Policy | Corporate Health Insurance | Health Card | Section 80d of Income Tax Act | Ayushman Bharat | Health Insurance Portability | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Hospital Cash Insurance | Cashless Health Insurance | Health Companion Price revision | Heartbeat Price revision | ReAssure Price revision
COVID - Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus
www.nivabupa.com
+91 11 41743397
1860-500-8888
14th Floor, Capital Cyberscape, Sector 59, Gurgaon
- Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
- 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
- 2 Since Inception refers to claim data from 2010 till December 2023.
- 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
- 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
- 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
- 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
- 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
- Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.