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

Prevailing Scenario - Health Insurance for Senior Citizens in India

A common rule applies for all health insurance products - the older an individual, the scrutiny for conducting clinical and medical examinations becomes stricter.

Across the various insurance companies that offer health insurance policies in India, there are many choices regarding health insurance products and services. However, once an individual crosses 50 years of age, his/her options become limited since most insurance companies do not issue fresh health insurance policy covers beyond this threshold.

It is also mandatory that an individual requires to undergo certain required self-paid medical tests.

There are numerous circumstances wherein an individual may be denied a health insurance cover based on various reasons or on the ground of him/her being medically unfit.

Health Insurance Policies for Senior citizens

Given below is a list of standalone health insurance policies for senior citizens, the covered age band and the maximum sum insured being offered to such individuals. To facilitate comparison amongst such products, a list of indicative premiums assuming that the health insurance policy is for a 60-year-old with a sum insured of Rs 1 lakh (Rs 100,000) is described below:

Insurance Policy Entry Age (Years) Max. Sum Insured (Rs. Lakh) Indicative Annual Premium (Rs.) for 60 Years
Bajaj Allianz General Insurance Silver Health 46-70 5 5,736
Oriental Insurance Hope No upper limit 5 4,500
National Insurance Varistha Mediclaim 60-80 60-80 4,180
Star Health and Allied Insurance Senior Citizen Red Carpet 60-69 2 5,000

Disclaimer: It must be noted that these are indicative premiums only for year 2009-2010 These premiums are subject to change in due course of time. The author does not take responsibility for errors in aforesaid indicated premiums, as such data has been gathered by way of secondary research.

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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