Best Health Insurance Company in India

A Guide to Finding the Best Policy for Senior Citizens

4 October, 2023

0 Shares

124 Reads

best health insurance policy for Senior Citizens

Share

Ageing, as a natural process, remains a distinct issue for all segments of our society. Individuals over the age of 60 are considered Senior Citizens. Two out of every three senior adults suffer from chronic ailments like cardiovascular diseases, chronic hypertension, diabetes, and bone and joint illnesses, making health care one of the biggest 'unknowns' during the retirement years. From a financial aspect, having ordinary care for such chronic diseases may deplete your funds due to escalating medical costs. This significantly makes it challenging for you to fulfil your retirement-saving goals. However, if you opt for the best health insurance for senior citizens, you can find a way to manage medical expenses and related issues.

 

What is Senior Citizen Mediclaim?

Senior citizens require health insurance to fulfil their specific health needs. As a result, it is advised to get yourself protected with a suitable and effective health plan that meets your healthcare requirements. 

 

Senior citizen health insurance is a type of health insurance policy that covers medical expenses for individuals over 60. It provides preventive health care services to the elderly and cashless hospitalisation at the insurance company's network hospitals. It covers pre-existing conditions, critical sickness, pre, post, and during hospitalisation charges, and coronavirus therapy, among others.

 

Benefits of Senior Citizen Mediclaim Policy

A senior citizen mediclaim policy provides several advantages to the elderly. The following are some of the critical advantages of purchasing a senior citizen mediclaim coverage in India:

 

  • Medical coverage for the elderly - Senior citizen best health insurance policy cover persons over 60. However, some family health insurance plans typically cover people up to the age of 65.
  • Pre-medical screening - Unlike standard plans, most health plans do not require seniors to undergo any medical screening before purchasing the insurance.
  • Hospitalisation expense coverage - Mediclaim for senior citizens protects against various medical bills, including pre-hospitalisation, post-hospitalisation, and in-patient hospitalisation.
  • Cashless treatment - Senior folks can receive cashless medical treatment in the insurance company's network hospitals if admitted for at least 24 hours.
  • No claim bonus - It offers a No Claim Bonus to older citizens, allowing them to receive a discount on renewal premiums for each claim-free year. In some programmes, it might range from 20% to 100%.
  • Lifetime Renewability - Most senior health plans provide a lifetime renewability option.
  • Tax benefits - Senior citizen health insurance policies provide tax exemption benefits on paid premiums each fiscal year under Section 80D of the IT Act.

 

Need for Medical Insurance for Senior Citizens

Senior individuals require health insurance coverage since they may experience serious health difficulties. Your parents' emergency hospitalisation can be both emotionally and financially draining. Senior citizen mediclaim policy can assist you in managing the financial consequences of hospitalisation. 

 

Other important reasons to purchase a senior citizen health insurance plan are as follows:

 

  • Meet the Rising Healthcare Costs - As medical treatment and hospitalisation costs rise due to medical inflation, purchasing a senior citizen health insurance coverage becomes critical for the elderly to receive the best healthcare services.
  • Avail Annual Health Examination Services - Most senior citizen health plans provide free yearly health check-ups to their members. Because they must undergo medical screening regularly, this facility can assist in reducing out-of-pocket payments. Some plans, however, may provide this benefit after every two or three claim-free years.
  • Enjoy Stress-Free Retirement - For the elderly, paying off hospital bills can be stressful, especially with rising treatment costs for both minor and catastrophic ailments. Best health insurance for senior citizens can provide seniors peace of mind in such cases.
  • Opt for Severe Illness Coverage - As we age, the likelihood of being diagnosed with critical illnesses such as heart disease, kidney disease, cancer, and so on increases. You can acquire coverage for critical illnesses as part of your standard plan or as an add-on cover with a senior citizen health insurance policy.

 

The possibility and severity of several ailments grow with age. As a result, the elderly face increased healthcare bills. However, many older persons do not have a consistent source of income other than their pension. Paying for pricey medical treatment on a restricted salary may be challenging. That is why acquiring a senior citizen health insurance policy is critical. You should choose the best health insurance for senior citizens, which covers hospitalisation expenses, daycare treatment, ambulance charges and so on.

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Health InsuranceHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity InsuranceBest Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Hcovealth SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance - Travel Insurance | International Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance Thailand | Travel Insurance GermanyTravel Insurance Dubai | Travel Insurance Bali | Travel Insurance Australia | Travel Insurance Schengen | Travel Insurance Singapore | Travel Insurance UK | Travel Insurance Vietnam | Malaysia Tourist PlacesThailand Visa for Indians  | Canada Visa for Indians | Bali Visa for IndiansECR and Non ECR Passport | Qatar Visa StatusUSA VisaVietnam VisaUSA H1B Work Visa

 

Become an agentInsurance Agent | Insurance AdvisorLicensed Insurance AgentHealth Insurance ConsultantPOSP Insurance Agent

 

Group Health InsuranceStartup Health Insurance | Commercial Health InsuranceCorporate insurance vs personal insuranceGroup Personal Accident Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

Health & Wellness - PCODPCOD Problems SymptomsStomach InfectionStomach Infection symptomsHome remedies for Stomach InfectionHypertension definitionHow to Control SugarTyphoid in HindiBlood sugar symptomsTyphoid symptoms in hindiLow sugar symptoms | ब्लड शुगर के लक्षणpregnancy me kya kareOpen heart surgery costBlood infection symptoms in hindiBP badhne ke karanKhansi ka gharelu upayOmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

3rd 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.
Social IconSocial IconSocial IconSocial IconSocial Icon