Advantages of Senior Citizen Health Insurance Plan.

• Higher sum insured amount addresses the reality of rising medical costs
• Pre and post hospitalization coverage financially protects the insured during a longer period of illness
• Ambulance coverage reduces the impact of miscellaneous costs that are incurred
• Senior Citizen Health Insurance Plan includes detailed health check-ups at no extra cost facilitate monitoring of the insured’s health and promote a healthy lifestyle
• Coverage for alternative treatment takes into account the latest practices wherein treatments combine multiple disciplines

How to Choose the Best Health Insurance for Senior Citizens?

• Co-payment
It is a fixed amount to be paid by the insured for every claim. Health Insurance company has a 20% co-payment clause on every claim where the age of insured/eldest member is 61 years or above.


• Expenses covered
Senior citizen health insurance plan covers a wide spectrum of medical expenses including pre-hospitalization, hospitalization and post-hospitalization charges.


• Waiting Period for Pre-Existing Conditions
It is the time period that must elapse before coverage can begin. It depends on the insured’s medical history and other related factors; in case of pre-existing ailments, the waiting period is usually 48 months.*


• Sub-limits
It is the limit placed by the insurance company on the health insurance claim. It is usually applicable to services such as room rent, ambulance charges, certain medical procedures and so on. Compare these rates between providers and choose the insurance plan that offers the most reasonable sub-limits.


• Additional Features
Pay due attention to the additional features and list of exclusions in the policy. Additional features could include coverage on extra family members.


• No Claim Bonus
Senior citizen health insurance offers a 10% increase in Sum Insured for every claim-free year. Under No Claim Bonus Super cover, there is a 50% increase in Sum Insured for every claim-free year.