As the population of senior citizens in India continues to rise, the need for senior citizen health insurance is important. In 2024, the best health insurance plans for senior citizens are those that offer a wide range of benefits, including coverage for pre-existing conditions, critical illnesses, hospitalization, and medical expenses.
Below we have mentioned the best senior citizen health insurance plans in India for 2024 which you should consider to buy the best plan.
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Health Insurance Plans for Senior Citizens |
Age Criteria |
Sum Insured (in Rs) |
Pre-existing Diseases Waiting Period |
|
|---|---|---|---|---|
|
Aditya Birla Activ Care Insurance Plan |
Min: 55 years Max: 80 years |
Min: 3 lakhs Max: 25 lakhs |
2 years |
|
|
Bajaj Allianz Silver Health Plan |
Min: 46 years Max: 80 years |
Min: 50,000 Max: 10 lakhs |
1 year |
|
|
Care Senior Health Advantage Plan |
Min: 60 years Max: Lifelong |
Min: 5 lakhs Max: 10 lakhs |
2 years |
|
|
Cholamandalam Flexi Health Supreme Plan |
Min: 18 years Max: 75 years |
Min: 5 lakhs Max: 5 crores |
2/3 years |
|
|
Digit Health Insurance Plan |
Min: 18 years Max: No age limit |
Min: 2 lakhs Max: 3 crores |
1/3 years |
|
|
Future Generali Varishta Bima |
Min: 60 years Max: No age limit |
Min: 2 lakhs Max: 10 lakhs |
1 year |
|
|
IFFCO Tokio Individual Health Protector Plan |
Min: 18 years Max: 65 years |
Min: 50,000 Max: 20 lakhs |
3 years |
|
|
Kotak Mahindra Health Premier Plan |
Min: 18 years Max: 65 years |
Min: 2 lakhs Max: 2 crores |
3/4 years |
|
|
Liberty HealthPrime Connect Plan |
Min: 18 years Max: 65 years |
Min: 10 lakhs Max: 1 crores |
3/4 years |
|
|
Magma HDI OneHealth Senior Plan |
Min: 56 years Max: No age limit |
Min: 3 lakhs Max: 25 lakhs |
1 year |
Aditya Birla Activ Care is a health insurance plan offered by Aditya Birla Capital. It is designed to provide financial protection in case of hospitalization due to illness or injury.
Benefits:
Cashless hospitalization: You can avail of cashless treatment at network hospitals without upfront payment.
Room accommodation: Depending on the plan option, you can choose a single private room or a shared room for hospitalization.
Pre and post-hospitalization expenses: The plan covers expenses incurred before and after hospitalization
Daycare procedures: Coverage for listed daycare procedures is included.
Annual health check-up: Free annual health check-ups are available under certain plan options.
Increase in Sum Insured: The sum insured can increase by 10% every claim-free year (up to 50%).
Bajaj Allianz Silver Health Plan is a health insurance policy designed specifically for senior citizens.
Benefits:
Hospitalization Expenses: Covers hospitalization costs for illness or accident.
Pre & Post Hospitalization: Covers expenses incurred before and after hospitalization (up to 60 and 90 days respectively).
Ambulance Charges: Reimburses ambulance expenses up to Rs. 1,000 per claim for emergency transfers.
Free Health Check-Up (Plan A & B): After four claim-free years, a free health check-up is offered at designated diagnostic centers (includes physician consultation, basic lab tests, and chest X-ray).
Sum Insured Options: Offers various sum insured amounts to choose from.
Renewal: Lifetime renewability is available under normal circumstances.
Care Senior Health Advantage Plan is a health insurance plan designed specifically for individuals aged 60 and above.
Benefits:
Cashless Hospitalization: Avail treatment at network hospitals without upfront payment.
In-Patient Hospitalization: Covers expenses for hospitalization exceeding 24 hours.
Pre & Post Hospitalization: Covers medical expenses incurred 30 days before and 60 days after hospitalization.
AYUSH Treatment: Covers alternative therapies like Ayurveda, Yoga & Naturopathy for up to Rs. 15,000 or Rs. 20,000 depending on the chosen sum insured
Room Rent: Coverage for room rent according to the chosen plan variant.
No Claim Bonus: Get a discount on premiums for every claim-free year.
Annual Health Check-Ups: Free annual health check-ups for early detection of health issues (depending on the plan option).
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Cholamandalam Flexi Health Supreme Plan is a comprehensive health insurance plan offered by Cholamandalam MS General Insurance.
Benefits:
Wide Coverage: Covers hospitalization expenses, pre & post-hospitalization costs, daycare procedures, and ambulance charges.
High Sum Insured Options: Offers a range of sum insured options to choose from, allowing you to tailor coverage to your financial needs.
Unlimited Sum Insured Restoration: The plan offers unlimited restoration of the sum insured at no additional cost if it gets exhausted during a claim. This ensures you have sufficient coverage throughout the policy year.
Global Coverage (Optional): Certain plan variants offer an optional rider for hospitalization expenses incurred overseas.
Family Coverage: Allows you to cover yourself, spouse, children (up to 4 or 6 depending on the plan option), parents, parents-in-law, and siblings under a single policy.
Discount for Long Policy Term: Get discounts on premiums for opting for a 2 or 3-year policy term with a single premium payment.
Digit Health Insurance offers two main plans: Digit Health Plus and Digit InCare. Both are comprehensive health insurance plans that provide coverage for hospitalization expenses, including pre and post-hospitalization costs, ambulance charges, and AYUSH treatment.
Benefits:
Inpatient hospitalization: Covers expenses incurred due to hospitalization exceeding 24 hours.
Pre & post-hospitalization: Covers medical expenses incurred up to 30 days before and 60 days after hospitalization.
Daycare procedures: Covers listed daycare procedures.
AYUSH treatment: Covers alternative therapies like Ayurveda, Yoga, and Naturopathy.
Room rent: No capping on room rent.
Co-payment: No co-payment clause.
Sum insured options: Offers a range of sum insured options starting from Rs. 1 lakh and going up to Rs. 5 crore.
Future Generali Varishta Bima is a health insurance plan designed specifically for senior citizens in India.
Benefits:
Lifetime Renewability: The policy can be renewed for as long as you pay the premiums, ensuring you have health coverage throughout your senior years.
Hospitalization Cover: Covers expenses incurred during hospitalization due to illness or accident.
Pre & Post Hospitalization: Covers medical bills for a certain period before and after hospitalization (exact duration depends on the plan variant).
Cashless hospitalization: Avail medical treatment at network hospitals without upfront payment.
Sum Insured Options: Offers a range of sum insured amounts to choose from, allowing you to customize coverage based on your needs.
Co-payment Options: Choose a plan with or without a co-payment clause (co-payment requires you to pay a share of the bill).
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IFFCO Tokio Individual Health Protector Plan is a health insurance policy designed to financially protect you in case of hospitalization due to illness or injury.
Benefits:
Hospitalization Expenses: This covers hospital stays, surgeon fees, anesthesia charges, medications, ambulance charges (up to a certain limit), and other hospital bills.
Pre & Post Hospitalization: Covers medical expenses incurred before and after hospitalization (typically 30 days each way, but can vary).
Day Care Procedures: Covers listed daycare procedures (surgeries that don't require a prolonged hospital stay).
Room Rent: The plan offers different room rent options depending on the chosen plan variant.
Daily Hospital Cash Allowance: Provides a daily allowance per hospitalization day for additional expenses (amount depends on the sum insured).
Waiting Periods: There are waiting periods for pre-existing conditions (typically 2-4 years), specific diseases, and initial hospitalization.
The Kotak Mahindra Health Premier Plan is an inclusive health insurance option provided by Kotak Mahindra General Insurance. It's designed to provide financial protection for hospitalization expenses and can be a good option for individuals and families looking for a feature-rich plan.
Benefits:
Hospitalization Expenses: Covers hospital accommodation, surgeon fees, anesthesia charges, medications, ambulance charges (up to a limit), and other hospital bills incurred during hospitalization exceeding 24 hours.
Pre & Post Hospitalization: Covers medical expenses incurred for a certain period before and after hospitalization (depending on the plan variant).
Cumulative Bonus: Earn up to 50% or 100% additional coverage (depending on the plan option) as a reward for claim-free years. This increases your sum insured for future needs.
Health Check-up: One free annual health check-up for each insured person above 18 years of age (subject to plan option).
Optional Covers: You can opt for additional riders like maternity benefits, critical illness cover, accident death benefits, etc. (availability and terms may vary).
Liberty HealthPrime Connect is a comprehensive health insurance plan offered by Liberty General Insurance. It's designed to provide financial security for individuals and families in case of hospitalization due to illness or injury.
Benefits:
Inpatient hospitalization: Covers expenses incurred due to hospitalization exceeding 24 hours.
Pre & post-hospitalization: Covers medical bills for a certain period before and after hospitalization (exact duration depends on the plan variant).
Ambulance charges: Emergency ambulance charges are covered up to a certain limit.
Domiciliary hospitalization: Treatment at home under medical supervision (if prescribed by a doctor) can be covered under certain circumstances.
Organ donor expenses: Covers expenses associated with organ donation for surgeries.
Wide range of sum insured options: You can choose a sum insured amount that best suits your financial needs, typically ranging from Rs. 10 lakh up to Rs. 1 crore.
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Magma HDI OneHealth Senior Plan is a health insurance plan designed specifically for senior citizens in India.
Benefits:
Lifelong Renewability: As long as premiums are paid, the policy can be renewed throughout your years, ensuring you have health insurance coverage.
Hospitalization Cover: Covers hospital expenses incurred due to illness or injury.
Pre & Post Hospitalization: Covers medical bills for a certain period before and after hospitalization (exact terms depend on the chosen plan variant).
Cashless Hospitalization: Avail medical treatment at network hospitals without upfront payment.
Sum Insured Options: Offers a range of sum insured amounts to choose from, allowing you to customize coverage based on your needs.
Here are some of the factors that you should check before buying senior citizen health insurance plans in India such as coverage options, network hospitals, claim settlement ratio, etc.
Coverage options: Before buying a senior citizen health insurance plan, compare the coverage options provided by different insurance companies. Look for plans that offer comprehensive coverage for hospitalization, pre-existing conditions, ambulance charges, critical illness, and daycare procedures
Premiums and deductibles: Consider the premium amount of the health insurance plan and check if it fits within your budget. Also, pay attention to any deductibles or co-payment clauses that may apply.
Network hospitals: Check the list of network hospitals associated with the insurance company to ensure you have access to quality healthcare facilities in your area.
Claim settlement ratio: Look for insurance companies with a high claim settlement ratio, as this indicates the company's efficiency in processing and settling claims.
Waiting period: Be aware of the waiting periods for pre-existing conditions, maternity benefits, and other specialized treatments. Choose a plan with a shorter waiting period if possible.
Renewal age: Check the maximum renewal age of the health insurance plan to ensure coverage for your entire life.
Add-on benefits: Consider any additional benefits offered by the insurance company, such as wellness programs, OPD coverage, or coverage for alternative treatments.
Exclusions: Understand the exclusions of the health insurance plan to avoid any surprises when filing a claim. Make sure you are aware of any treatments or conditions not covered by the policy.
Inclusions: Ensure that the plan covers all essential medical expenses, including hospitalization, doctor consultations, diagnostic tests, medications, and surgeries.
Read More:
Top 10 Health Insurance Companies in India 2024: Ranked by IRDAI
Government Health Insurance Schemes in India 2024
How Many Types of Health Insurance Plans In India?
Health Insurance Claim Settlement Ratio
Tax Benefit of Health Insurance Plans In India
In conclusion, choosing the best senior citizen health insurance in India is crucial for ensuring their well-being and financial security in 2024. Factors such as coverage, affordability, and network of hospitals must be carefully considered. You can contact “Our Experts” to buy the best senior citizen health insurance plans.
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