Senior citizen health insurance can be renewed for life allowing you to get insured for life. This is an added advantage which allows you to enjoy the lifelong coverage at a cost-effective premium.
This policy offers the benefit of cashless hospitalisation where your medical expenses are directly settled by the insurer. The insurers offer 5000+ network hospitals where you can avail this facility.
Senior citizen health policy awards bonus for every claim-free year if the policy is renewed without break. In such a case, either sum insured increases or premium decreases by a certain percentage or both.
Health insurance for senior citizen will cover all the pre-existing diseases insured may be suffering from, such as high cholesterol and diabetes after 12 to 24 months from the date of commencement of the policy.
Senior Citizen Health Insurance policy is a type of mediclaim policy that covers medical expenses incurred by an individual above 60 years old. It offers preventive health check-up facilities to the elderly and cashless hospitalization at network hospitals of the insurer. It also covers pre-existing diseases, critical illness, hospitalization expenses, and pre and post hospitalization expenses and coronavirus treatment.
Older people are more prone to certain diseases and health conditions as compared to younger people. The treatment of old age-related medical conditions is not only expensive but also time taking. If you buy a senior citizen health insurance policy from a reputed Insurer, you don’t have to worry about paying for the medical expenses arising out of health-related problems in your old age.
A senior citizen insurance policy offers a variety of benefits to elderly people. Below are some of the primary benefits of buying a health insurance for senior citizens in India:
The common coverage provided by Health Insurance for senior citizens are:
Below is a list of medical expenses exclusions under a senior citizen insurance:
Here it is important to note that the list of exclusions varies from one plan to another.
Senior Citizen health insurance plans require policyholders to file a health insurance claim if they get admitted to a hospital or avail an emergency medical treatment. A claim can be raised either to avail cashless treatment at a network hospital or alternatively get reimbursement of expenses incurred at a non-network hospital. The process of filing a reimbursement and cashless claim is given below:
Senior Citizen Health Insurance reimbursement claim Procedure:
Steps are involved in lodging a reimbursement claim:
Senior Citizen Mediclaim Policy Cashless Claim Process:
If one avail medical treatment at a network hospital, then he/she can file for a cashless claim under a senior citizen health insurance policy:
Elderly citizens need to have senior citizen insurance coverage as they are prone to face severe health issues due to their increasing age. Covering senior citizens under the mediclaim policy can help you to manage the financial implications of hospital treatment. Some of the other prominent reasons why you need to buy a senior citizen insurance are:
A senior citizen Health Insurance policy offers health insurance coverage to elderly people who are vulnerable to serious illnesses that may require expensive treatment. You can easily buy a health insurance plan for senior citizens online from securenow.in. Key features that should be considered while buying a senior citizens health insurance plan are:
The key benefit of the policy is, the Insured person is eligible for tax benefits under Section 80-D of the Income Tax Act 1961 in respect of the premium paid by any mode other than cash. Under Medical insurance for senior citizens, policyholders may avail a higher deduction of up to 50,000 for payment of premium towards medical insurance policy. This limit is 25,000 in the case of Non-Senior Citizens.
Deciding the best health insurance for senior citizens depends on the buyer’s individual needs. You can pick the most suitable mediclaim policy as per the personal needs of senior citizens, such as health status and so on. Given below is the checklist to help you buy the best senior citizen health insurance:
Leverage specialized underwriters and international experts unique for each line of business.
Works with all the leading insurers to discover the best price for most comprehensive features.
Get cover note issued within 24 hours. All service requests are resolved in pre-defined TATs.
Manage all aspects of claim including insurer, surveyor & TPA co-ordination, and documentation.
Receive risk diagnostic reports, themographic studies, policy analysis, and wellness programs.
Access your insurance policies through single login; service requests, MIS, and renewal alerts.