Health Insurance Comparison Chart For Senior Citizens

Senior citizens in the family should be covered by a separate health insurance policy because they are more likely to have a critical illness. The expense of treating diseases in senior citizens has risen over time, and the premium for an elderly health insurance plan is likewise higher than normal. As a result, as a policyholder, securing the health of the elderly in your household with a senior citizen health insurance plan is a wise decision. It can prevent your financial savings from becoming exhausted, and it can also assist customers in reducing the stress associated with hospitalisation and its related expenditures.

A Senior Citizen Health Insurance policy is a sort of health insurance that is available to those over the age of 60. The plan is intended to reduce senior adults' financial and physical hardship in the case of illness or hospitalisation. This form of senior citizen health insurance plan provides financial support for medical treatments and can be purchased on an individual or family floater basis.

Best Health Insurance Plans For Senior Citizens

We have created a list of the finest health insurance plans for senior citizens, together with their benefits and features of the product, to help you in selecting a plan that provides appropriate coverage for your parents' medical needs at a reasonable cost. Take a look at this:

Let’s discuss the features and the benefits of the above plans in detail.

1. Aditya Birla Activ Care Senior Health Insurance Plan: Aditya Birla Health Insurance Company has designed this health insurance plan to cover the medical expenses of senior citizens. It provides comprehensive protection for people up to the age of 80 against all stages of illness, from diagnosis to recovery. The benefits of the plans are:

• The plan comes in three varieties: standard, classic, and premier.
• Pre-hospitalization, in-patient hospitalisation, and outpatient care are all covered.
• Coverage for nursing and medical equipment at home after discharge from the hospital.
• Expenses for post-hospitalization life support equipment, such as ventilators and oxygen cylinders, are also reimbursed.
• It covers 586 day-care operations for the policyholder.
• Treatments in Ayurveda, Unani, Siddha, Naturopathy, Yoga, and Homeopathy (AYUSH) are also covered.
• Except for the Standard plan, it provides a full health check-up once a year.
• Emergency air ambulance coverage is available both internationally and domestically.

2. Bajaj Allianz Silver Health Plan: The Bajaj Allianz Silver Health Plan is a senior citizen-focused health insurance plan. On an individual amount insured basis, the plan provides a wide range of coverage to senior citizens. The benefits of the plans are listed below:

• The insurer pays for in-patient hospitalisation charges.
• Expenses incurred in pre and post hospitalisation are covered (up to a maximum of 3 percent of admissible hospitalisation expenses)
• Ambulance expenditures are paid up to a limit of Rs 1000 per claim.
• A health claim administration team has been created in-house.
• For each year without a claim, a 10% cumulative bonus is applied to the sum insured.
• If two or more family members are added to the policy, a 5% family discount is granted.

3. Bharti AXA Smart Super Health Insurance Plan: The Bharti AXA Smart Super health insurance plan is suited for elderly people up to the age of 65. It has a higher sum insured amount of up to Rs 1 crore, because senior individuals need more coverage to treat major illnesses at their age.The benefits of the plans are listed below:

• The plan comes in three different varieties: Value, Classic, and Uber.
• Diagnostic tests, surgical equipment, operation theatre, ICU charges, medical practitioner fees, and other inpatient treatment costs are included.
• Only if the insured was admitted to a government-approved facility with at least 5 AYUSH doctors and 15 in-patient beds is AYUSH therapy covered.
• If treatment was taken for at least 3 days in a row, domiciliary hospitalisation is reimbursed.
• In addition, a convalescence benefit and domestic air ambulance cover are available.
• Critical illness insurance, maternity benefits, and hospital daily cash are offered as add-ons.

4. Care Senior Health Insurance Plan: The Care Senior plan was created by Care Health Insurance (formerly known as Religare Health Insurance) for senior citizens over the age of 60. It is an ideal health plan for older citizens because there is no upper age limit and it includes a range of add-on covers such as COVID Care, OPD Care, and so on.The benefits of the plan are detailed below:

• The duration of a policy might vary from one to three years.
• All patients should get annual health checks, which include blood tests, lipid levels, LFT, KFT, and other diagnostics.
• A daily hospital stipend of Rs 500 for a maximum of 5 days in a lump sum payment.
• Hospitalization, domiciliary hospitalisation, and alternate treatments are all covered.
• It also provides coverage for organ donors and ambulances.
• Once a year, upon depletion, 100% of the money insured is reinstated.
• The option to pay a 20% co-payment.

5. Cholamandalam Individual Healthline Insurance Plan: The Chola Individual Healthline insurance plan is designed for senior citizens, with an entry age limit of 65 years and the ability to renew the policy for the rest of one's life. On an individual sum insured basis, it covers the covered elderly for hospitalisation and home therapy expenses.The plan offers the following benefits:

• Standard, Advanced, and Superior are the three options for the plan.
• It covers hospitalisation costs such as doctor expenses, ICU fees, prosthetic device implantation, and so on.
• Pre-hospitalization and post-hospitalization charges are covered for 60 days and 90 days, respectively.
• This medical insurance policy also covers 141 day care procedures.
• Up to the age of 55, there is no need for a pre-policy health checkup.
• Within 3 hours, a cashless claim is approved.

6. Digit Health Care Plus Plan: The Digit Health Care Plus plan was created to meet the health needs of the elderly and to cover their medical costs. It covers a wide range of diseases, including COVID-19, and has no age restrictions. The plan offers the following benefits:

• Expenses for hospitalisation due to an accident or illness are covered.
• Bariatric sickness and psychiatric illness are both covered.
• Coverage for critical sickness and cancer is also offered.
• It also includes an outpatient benefit and insurance for in-home hospitalisation.
• A free health check-up is available.

7. Edelweiss health Insurance Plan: The Edelweiss Health Insurance plan is ideal for senior citizens because it has no maximum age limit. This one-crore health insurance plan protects the policyholder from a variety of medical problems and also provides recovery benefits.The plan offers the following benefits:

• The plan comes in three different varieties: Silver, Gold, and Platinum.
• Hospitalization costs, pre- and post-hospitalization treatments, day care treatments, domiciliary hospitalisation, organ donor coverage, and AYUSH treatment are all covered.
• ICU expenses are not subject to any limitations.
• In a single policy, it can cover up to eight people.
• You can also get perks like shared housing, maternity coverage, and critical illness coverage.
• Every year you go without filing a claim, you get a free checkup.

8. Future Generali Varishta Bima Plan: The Future Generali Varishta Bima plan is an insurance policy that provides coverage to those over the age of 60. It is a great health plan for seniors because it responds to their specific needs. Furthermore, the plan can be purchased as a person or as a floater. The plan has the following benefits:

• The policy covers payments for in-patient hospitalisation, day care, and ambulance services.
• For 60 days and 90 days, respectively, pre- and post-hospitalization expenses are reimbursed.
• It also includes care for mental and psychiatric disorders.
• This plan can be easily renewed for the rest of your life.
• If the insured chooses an insurance for two or three years, the insured receives a 5% and 10% long-term discount, respectively.
• This plan also includes a 10% family discount and premium instalment options.

9. IFFCO TOKIO Individual Medishield Plan: The IFFCO Tokio Individual Medishield plan is a health insurance policy that covers elderly people up to the age of 65, making it an excellent choice for senior citizens. The plan provides coverage for both illness and injury, as well as emergency assistance. The plan has the following benefits:

• The plan covers hospitalisation costs, as well as pre- and post-hospitalization costs and organ donation costs.
• Ayurveda and homeopathy are examples of non-allopathic treatments that are covered.
• As an add-on benefit, 12 main critical illnesses can be covered.
• When insuring two or more members under the same plan, a 5% premium discount is offered, and a 10% premium discount is offered when insuring more than two people under the same plan.

10. Kotak Mahindra Health Care Plan: The Kotak Health Care plan is ideal for senior citizens up to the age of 65 because it provides complete coverage and is renewed for life. It also provides a complimentary annual health checkup. The plan has the following benefits:

• The plan is available in varieties: Excel, Premium plans.
• It covers all hospitalisation expenditures, including those incurred prior to and after admission.
• It covers the cost of day-care therapy.
• Expenses for ambulances are also covered.
• Every year that you go without filing a claim earns you a 10% bonus.

Why Should You Buy the Best Senior Citizen Health Insurance Plan?

As people get older, they become more vulnerable to serious diseases and medical disorders. If your elderly parents are diagnosed with a chronic or life-threatening disease, they may require long-term treatment, resulting in significant medical bills and financial pressure. However, if you purchase the best senior citizen health insurance policy for your parents, their medical expenses will be covered in full, and you will not be responsible for paying the bills.

Even if your parents are protected through your group health insurance policy, remember to purchase senior citizen health insurance because it may not be adequate to cover the health risks of your entire family, including your parents.