If your elderly parents stay with you, you already are aware of the challenges they face with their health. Even if they do not have any chronic disease, they mostly visit the doctor almost every month. If they have some kind of condition like diabetes, then visiting the doctor becomes even more common. This is why you should buy a health insurance policy for your parents.
You can even look at the government health insurance for senior citizens to get even more benefits at lesser premium rates. Let us take a look at them and also discuss the key features of senior citizen health insurance:
As we talk about the features of senior citizens health insurance plans in India, there are many. However, a few of the important ones include:
- Hospitalization cover includes medical bills as well as room charges
- Cashless hospitalization
- Daycare costs
- Ambulance charges
- Pre-existing illnesses (it may vary from one insurer to the others)
- No need of undergoing medical tests before availing of the insurance
- Higher sum insured coverage
- Faster and hassle-free settlement
Health insurance plans for senior citizens in India
Here are some of the health plans for senior citizens in India mentioned below:
National Varishtha Mediclaim Policy
Varishtha Mediclaim Policy is offered by the National Insurance Company (NIC), and it provides insurance coverage to senior citizens who fall under the age bracket of 60 years and 80 years of age. The tenure of the policy is 1 year but one can renew it till 90 years of age. A cover of INR 100000 is provided by the insurance policy for hospitalization along with INR 200000 for critical illnesses. The plan also provides coverage for organ transplants up to a particular amount. This plan provides the opportunity to use cumulative bonuses as well as coverage for the cost of the health check-ups at the time of the non-claimed period. One can also get coverage of emergency ambulance service for up to INR 1000.
Oriental Senior Citizen Hope Health Insurance
Oriental Senior Citizen Hope Health Insurance is basically a comprehensive health insurance policy that provides coverage for people who are more than 60 years old. The insurance plan provides coverage for specific illnesses and also offers a compulsory co-payment of 20% of the claim amount. For accidental injuries, the plan offers 100% coverage. This can actually be very helpful for the policyholder during the event of an accident. Some of the major illnesses such as Knee Replacement, Chronic Renal Failure, and cardiovascular diseases are also covered by the health insurance plan.
New India Assurance Senior Citizens Mediclaim Policy
New India Senior Citizens Mediclaim Policy is offered by the New India Assurance Co. Ltd. The plan provides insurance coverage of up to INR 150000. The health plan is for citizens of India who fall in the age group of 60-80 years. The plan can be extended to the spouse of policyholders up to 90 years of age. Pre and post-hospitalization coverage are provided along with charges of the ambulance. A highlight of the plan that one can avail of and is proved to be very beneficial for the policyholder is the 10% discount on the premium of their spouse. If the policyholders do not make any claim in a year, the assured sum will go high by 5% and will keep going up to 30% as the NCB builds up. Health insurance provides coverage for treatment and other conditions like Arthroscopy, Hernia, Appendectomy, and several other specialized treatments.
These are some of the health insurance plans for senior citizens that are offered by the Government of India. If you want to come across many more such health plans, you must visit the IIFL website.