Which is the best health insurance policy for senior citizens in India

Which is the best health insurance policy for senior citizens in India

Health insurance for the elderly is specially designed for the needs of people aged 60 to 75 years. When it comes to high-level health insurance, you get various benefits such as cashless access to hospitals, free ambulance service, and the scope of critical illnesses. Health Insurance For Senior Citizens is a greater need, with interest in retirement amounts and savings, especially when a person retires and wants to enjoy life after retirement. Some general insurance companies deal with high-level health insurance and it is imperative to choose someone who can easily meet all your needs and provide effective health insurance for all your complaints.

Basic Characteristics of Health Insurance For Senior Citizens

Some common characteristics of Health Insurance For Senior Citizens are as follow: 

  1. The elderly can choose a higher insurance option that is sufficient to meet all medical needs. 
  2. Many high-level health insurance plans offer life-long renewability.
  3. Various medical facilities, e.g. Almost all high-level health insurance companies cover emergency services and some illnesses.
  4. Existing diseases can be hidden after a certain time.
  5. Policyholders can be treated without cash after being hospitalized and even request a refund of all medical costs.
  6. Some high-level health insurance plans that allow individuals to get insurance coverage and their spouses to register under the same insurance plan.
  7. Many priority insurance companies offer additional payment options. In some cases, you can pay lower premiums if you pay too much. This way you get a discount.

About health insurance for the elderly

Health costs in India increase by 20 percent each year. Therefore, the need for adequate health insurance has increased not only during the individual’s working life but also after retirement. Government health insurance for senior citizens is also available to provide financial support for medical treatment to people over 60 years of age in emergencies. It offers health insurance, health insurance coverage, cashless hospitalization, health insurance coverage, and a higher insurance price for the elderly.

Some common benefits in Health Insurance For Senior Citizens

The senior citizens require more care than a normal person. So, here are some listed benefits that Senior citizen gets when they have a health insurance plan for themselves:

  1. Inpatient – more than 24 hours of hospital costs.
  2. Pre-clinical – medical costs 30 days before hospitalization.
  3. After your hospital stay – You will expose to medical expenses within 60 days of being discharged from the hospital.
  4. Daycare procedures – Medical costs of 140 daycare procedures that do not require 24-hour hospitalization due to technological progress are covered.
  5. Home care – the cost of home care that would otherwise require hospitalization.
  6. Organ Donation – Treatment expenses of organ donors during organ transplantation.
  7. Ambulance Service- The cost of hospitalization if the ambulance is hospitalized.
  8. Additional payment was made for room rental type and some diseases and operations.

Which health insurance is best for senior citizens

There are many ways to find out which insurance is better for you. But we have listed some characteristics to make it easy for you. Here are some points to know which Health Insurance For Senior Citizens is better-

  1. Cumulative Bonus – You will receive a 5% (CB) cumulative bonus for each unsolicited insurance year, provided the policy continually renews.
  2. Cashless Service – You must pre-authorize all scheduled entries at least 48 hours before the actual entry or set up an emergency service within 24 hours from the date of acceptance. For details on process and documentation requirements, see the manual accompanying the policy.
  3. Increase in the insured amount – The insured amount can only be increased during extension unless a claim is made/paid under the policy. When a unified network increases the overall insurance of a network, there is no need for new drugs. In cases where insurance costs are more than one network, medical intervention should be done.
  4. Portability – If you have insurance of another company’s health insurance and would like to switch to an extension, you can do so. Some portability policy is customer friendly and transferred easily. It benefits from many advantages and delays.
  5. Tax Law – Taxes can be deducted from the premium amount according to the Optima Senior Plan in Section 80D of the Income Tax Law.

How to choose the best health insurance for senior citizens?

Factors to consider when taking out health insurance or choosing the Best health insurance for senior citizens:

  1. Common payment:

    A fixed amount that the insured person has to pay for each loss. Religious health insurance has a 20% payment obligation for all claims where the insured / oldest member is 61 years old or older.

  2. Covered costs:

    Health insurance for the elderly covers a wide range of medical costs, including before and after hospitalization and after hospitalization.

  3. Waiting time for current conditions:

    This is the time it takes for the oscilloscope to start. This depends on the insured person’s medical history and other related factors. If there are already complaints, the waiting period is usually 48 months. 

  4. Lower Limits:

    This is the limit set by the insurance company for the right to health insurance. This is usually room rental, ambulance fees, some medical procedures, etc. Applies to services. Compare these tariffs among providers and choose the insurance plan that offers the best minimum prices.

  5. Additional functions:

    Note the additional functions in the manual and exclusion list. Additional features may include the scope of additional family members – this should take into account when choosing parental health plans. Care Senior provides additional protection for up to 6 people.

  6. Unauthorized bonus:

    Health insurance for the elderly increases insurance costs by 10% for each year that is not eligible. With a super guarantee with no compensation bonus, the insured person increases by 50% for each unsuccessful year.

Why should you get Health Insurance For Senior Citizens in early stages?

The high cost of health insurance that comes to mind first. More importantly, the annual health insurance premium continues to grow with age. This increase applies to everyone, including those who have health insurance at a young age. However, you need to buy caps as early as possible.

What are the benefits of purchasing a Religare health insurance policy?

Religare Health insurance

Introduction to Religare health insurance company 

Religare health insurance company is named among the prominent private insurance companies founded in 2012. Since then it has been catering to the health, travel, Mediclaim, and accident insurance sector. There are more than 6000 employees working in 146 different offices across the country. The headquarter of the Religare health insurance company is based at Gurgaon. Religare health insurance company is the best health insurance in India known for their affordable health insurance plans.

Benefits That Come Along with Religare

As we all know that medical emergencies are getting more costly these days. So, purchasing a health insurance plan is equally important as taking food to live. A comprehensive health insurance plan will surely save you from unpredicted medical bills in the time of emergency. Correct health insurance policy at the right time and age will prove to be a boon in your old age.

Advantages of taking health insurance:

  • The best health insurance provides you extra cushioning from high bills during medical emergencies.
  • There are multiple plans available according to the needs and budget of customers.
  • The external expenses of hospitalization such as tests, OPD, medicines, ambulance charges, room rents are included in a health insurance policy.
  • Customers can also get tax benefits under Section 80D of the Income Tax Act.
  • The company will reward you with a no claim bonus for every non-claiming year.
  • There are more than 7400 network hospitals, where customers can take cashless treatment.
  • Religare provide maternity benefits for pregnant women.
  • Customers can take treatment of pre-existing and critical illness cover to cure life-threatening diseases.
  • An additional feature of lifelong renewability makes it extra special for senior citizens.

List of plans provided by Religare health insurance company:

  • Critical illness cover: Critical illness cover will pay for the medical cost of the diseases whose treatments are too much costly. This cover comes with lifelong renewability because a small amount of sum insured is not enough to cover the expenses. The diseases that can be treated under critical illness are cancer, heart attack, organ transplantation, heart surgery, and bypass surgery.
  • Individual plan: A basic insurance plan that covers the medical expenses of a single person is, “individual plan”. This type of plan is basically taken by a bachelor’s to pay their medical bills. The premium amount of this plan is too low so customers purchase this insurance for multiple years.
  • Family floater plans: The family floater plans are the backbone of Religare health insurance. This plan will consider all the members of the family in a single insurance plan. This plan is basically for a married person to cover up the medical bills of their spouse and kids. The premium cost of this plan is higher than the others as it covers multiple members in it.
  • Maternity plans: Religare health insurance provides an innovative plan for pregnant women named Joy. This plan covers all the medical costs of the mother and the baby not only for today but also for the post-hospitalization period. This plan reimburses the cost of surgery, treatments, medical tests, and medicines of the baby as well as the mother.
  • Top-up plans: Top up insurance plans are basically an add-on cover that compliments your basic plan. The customer used this to pay the deductibles of the primary plan so that he doesn’t have to pay a penny from his pocket. An example will make it clearer that if you have taken a sum insured of 5lakh with 1 lakh deductible, then it will pay your 1 lakh. The primary plan will pay the rest amount of 4 lakh and above.
  • Senior citizen plan: Old age people are at higher risk of a medical emergency, so Religare is providing a separate plan for senior citizens. This insurance cover is applicable for the peoples with 61 years and above age. You can take an annual check-up, floater, individual cover, and tax-saving benefits with this plan. Floater cover under this plan will require no pre-policy health check-up. Also, a special team is always there to empathize with you and help you at every step. This plan comes with automatic recharge features so that senior citizens don’t have to run every time to renew the insurance plan.

Prime benefits of opting for an insurance plan at an early age

  • Purchasing a health insurance plan at an early age is more beneficial and useful.
  • You will be able to pay premiums easily and don’t have to face trouble with other expenses as well.
  • At a young age, the rate of premium is low, and further, it increases gradually with age.
  • A policy taken at an early age will pay you later with no-claim bonus and you have to pay low premiums.
  • You will get tax benefits for taking health insurance under Section 80 D of the Income Tax Act.


With the increase in age, the body gets more prone to disease. It is possible that you may diagnose with some disease and won’t be able to purchase a plan. If any company will provide a plan with pre-existing disease then they will charge you with high premiums. Moreover, all the companies consider pre-existing diseases after a waiting period of 3 months. So, If any medical emergency happens then you would not be able to take a claim for a minimum of 3 months. 

It is advisable to purchase Health insurance online from Religare health insurance company. This will help you to save a reasonable amount of money on family floaters and senior citizen plans. There is various add on covers that you can purchase along with the basic plan to complete it. To know more about the company and policy, visit here