Written by Hannah Punitha, PG , Lyju Kuruvilla | 
Medically Reviewed by Dr. Sunil Shroff, MBBS, MS, FRCS (UK), D. Urol (Lond) on Nov 21, 2016

Exclusive Health Insurance Policies for Senior Citizens

Insurance can be considered as a form of long-term savings for senior citizens especially those who are averse to risk-taking. This money provides financial stability and also helps such individuals in times of need.

Healthcare insurance enables senior citizens to pay for medical check-ups, emergency medical expenses and long-term medical treatment. In India, health insurance policy cover is provided through several private insurance companies and four public sector general insurance companies. These are:

  • National Insurance Company
  • Oriental Insurance Company
  • New India Assurance Company
  • United India Insurance Company

The National Insurance Company offers Varistha Mediclaim Policy exclusively designed for senior citizens. This policy covers hospitalization and domiciliary hospitalization expenses incurred under Section I as well as expenses incurred for treatment of critical illnesses, if opted for, under Section II. Diseases covered under critical illnesses are coronary artery disease, cancer, multiple sclerosis, major organ transplants renal failure and stroke. Ailments such as paralysis and blindness are covered at extra premium.

Senior Citizen is under 65 years of age can avail health insurance cover for themselves and their dependants. It is advisable that such individuals must not lose time in purchasing a customized health insurance cover based on their requirements

The regulatory body for Insurance industry across India called as Insurance Regulatory and Development Authority (IRDA) has issued guidelines and instructed general insurance companies to keep at least 65 years as the upper age limit for availing a health insurance policy.

Bajaj Allianz and Star Health and Allied Insurance are two such private players offering Health Insurance policies to the seniors.

Comments

vinode Thursday, January 24, 2013

apollo munich health insurance, india should not be trusted. they have duped and taken us, sr. citizen, for aride. they have refused to reimberse charges as promised by their medical centre and manager. only 5 medical tests were done on us but apollo munich health insurance has given us reports for 19 tests. where did they get reports for 14 tests when they were not done on us? do not trustapollo munich health insurance

vinode Thursday, January 24, 2013

apollo munich health insurance, india should not be trusted. they have duped and taken us, sr. citizen, for aride. they have refused to reimberse charges as promised by their medical centre and manager. only 5 medical tests were done on us but apollo munich health insurance has given us reports for 19 tests. where did they get reports for 14 tests when they were not done on us? do not trust apollo munich health insurance

kkat466 Thursday, February 2, 2012

new in india assurance in TIE UP WITH CITIBANK have a policy for their credit card holders called good health policy, there is a provision to apply for senior citizens [parents].I submitted all relevent documents after a confirmation from them they have declined the insurance ,-THEY DONT WANT OLD PEOPLE .they are lying now saying some excuse or the other how do we deal with such cheats,in this CITIBANK AND NEW INDIA ASSURANCE BOTH have to be blamed for cheating me.

chandaniel Saturday, January 7, 2012

I like the valuable info you provide in your articles about health insurance. I’ll bookmark your weblog and check again here frequently. I’m quite sure I’ll learn many new stuff right here! Best of luck for the next!

Indian_Citizen Saturday, October 29, 2011

The National Insurance company at Kolkata have dared to refuse to sell my parents the insurance, advising them that they should not waste their money on Insurance , rather save it and use it when they are sick....Can you believe this ???? And this is told by the Branch Manager... They have kept my father waiting for an entire day and at the end have told these words after offering him tea in his cabin. These thugs try to bypass the law by this method...Harassing Senior Citizens till they get frustrated.....

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