Checklist for selecting the Best Health Insurance Plans for Senior Citizens
The following is the checklist to buy the best health insurance policy for senior citizens.
Select Plans with lesser pre-existing diseases waiting period
There is a higher chance of senior citizens developing a medical condition. So, you must select the health insurance plan that has a coverage of pre-existing diseases after a smaller waiting period of 1 or 2 years is over.
Go for Insurers with Large Number of Network Hospitals
Elderly people become more vulnerable to diseases and the frequency of being hospitalized might also increase. Thus, you must buy health insurance for senior citizens that comes with a coverage of various hospital expenses. With this your elderly parents don’t have to worry about hospital expenses as the bill amount of the network hospital will be paid by the insurance company/insurer.
Choose Plans which include Free Medical Check-up Facility
Being diagnosed with a disease at the right time might help in saving the life of a patient and with regular medical check-ups only you can diagnose a disease at an early stage. Therefore, you must prefer a health insurance for senior citizens that provides free medical check-up facilities to senior citizens.
Choose Plans with No-Claim Bonus Benefit
To increase your policy sum insured by a fixed percentage if no claims are raised in the previous year without hiking your premium, make sure you opt for a health insurance policy for senior citizens that comes with no claim bonus benefit.
Say No to Co-Payment
Most health insurance policies for senior citizens have a co-payment clause by default that requires you to pay a fixed percentage of the claim amount. Thus, you should avoid a policy that does not have any co-payment clause.
Domiciliary Treatment Cover
You must also consider buying health insurance for senior citizens that covers the cost of domiciliary hospitalization. Why domiciliary treatment? There is a possibility that sick elderly people may have to avail medical treatment at home in case of a delicate health situation or shortage of hospital beds.
Choose Plans with Day Care Procedures
Look for health insurance policies that cover day care procedures. Typical health insurance plans provided the coverage for in-patient hospitalization for a minimum 24 hours. However medical procedures like chemotherapy, dialysis, radiation etc do not require a 24-hour hospitalization. So, again, look for health insurance policies that cover day care procedures
Lifetime Renewability
As the age of your parents increases, the health insurance policies become expensive for them. You must look for options for the best health insurance in India that come with lifetime renewability so that you do not have to look for another policy for your parents in their old age
Best Health Insurance Plans for Senior Citizens
Here are a few selected plans for the best health insurance in India for senior citizens which will help you in making ideal decisions for your parents or old people at home. Check it out:
| Health Insurance Plans for Senior Citizens | Age Eligibility Criteria | Sum Insured (in Rs) | Waiting Period for Pre-existing diseases |
| Aditya Birla Activ Care Insurance Plan | Min: 55 yearsMax: 80 years | Min: 3 lakhMax: 25 lakh | 2 years |
| Bajaj Allianz Silver Health Plan | Min: 46 yearsMax: 80 years | Min: 50,000Max: 10 lakh | 1 year |
| Care Senior Health Advantage Plan | Min: 60 yearsMax: Lifelong | Min: 5 lakhMax: 10 lakh | 2 years |
| Cholamandalam Flexi Health Supreme Plan | Min: 18 yearsMax: 75 years | Min: 5 lakhMax: 5 crore | 2/3 years |
| Digit Health Insurance Plan | Min: 18 yearsMax: No age limit | Min: 2 lakhMax: 3 crore | 1/3 years |
Today, for senior citizens health insurance has become extremely important. The above mentioned health insurance policies are some of the best health insurance in india available for senior citizens. We at Chola MS general insurance suggest that you can compare them and choose the best one for elderly people at your home.
