Best insurance policies for senior citizens in India: The cost of healthcare has recently increased, making it one of the most expensive requirements. Because the policies are overly costly or demand rigorous medical testing that might be tough to perform, it can be difficult for seniors to choose the right health insurance coverage.
Fortunately, you may identify the plans that best meet your demands by contrasting different policies based on the following factors!
When purchasing insurance, the premium shouldn’t be your only deciding factor. Important aspects you should consider include benefits like critical care, hospitalization costs, and the number of network hospitals your coverage covers. Paying a more significant premium could be preferable if you receive appropriate coverage. It is preferable to get a more incredible insured sum due to the skyrocketing medical costs.
After discussing the crucial factors to take into account before purchasing insurance, the following are some of the top medical insurance plans for older adults available in India:
Care Senior Health Insurance Plan
A comprehensive health insurance program like the Care Senior Health Insurance Plan can help shield seniors from high medical costs as they age. More than 15,500 network hospitals are available for cashless hospitalization under this program. The plan includes various extras, including a no-super-claim incentive and a co-payment waiver. With this plan, those over 61 may survive off a maximum of Rs 10 lakh in coverage. Among the benefits are a no-claim incentive and a co-payment exemption.
Aditya Birla Active Care
It provides a Healthy Returns program, where one may earn up to 21% of the premium, along with health care check-ups and coaching sessions by a personal health coach. This carefully crafted senior citizen health insurance plan is meant to meet the needs of older people. The program has three versions: Standard, Classic, and Premier. The highest coverage available under this plan, which has a 55-year admission age, is Rs 25 lakh.
Bajaj Allianz Silver Health Plan
This all-inclusive senior citizen medical insurance plan was created to meet all the needs of an older adult searching for coverage. The program gives a cumulative bonus of 10% of the covered amount each year, devoid of a claim. Additionally, a family discount of 5% is provided for coverage of two or more family members. This plan gives coverage up to Rs 5 lakh and has an entrance age range of 46 to 70.
Tata AIG MediSenior
Tata AIG MediSenior focuses on serving the requirements of seniors over 60. It offers benefits, including home care and family discounts. This plan provides Rs-50 lakh in insurance coverage.
Oriental Insurance HOPE:
This insurance plan offers extensive coverage for specific conditions and is intended for older adults over 60. The policy provides a wide range of other services along with health insurance. It is widely renowned for its high percentages of claims incurred and settled claims.
Star Health Red Carpet:
One of the top-recommended health insurance plans for seniors is Star Health Red Carpet, which provides substantial coverage and has an elevated entrance threshold of 65 to 75 years. One of the earliest insurance plans created in India specifically to address the unique medical requirements of elders.