Senior Citizens Health Insurance Plan

Senior Citizens Health insurance provides financial support for aged 60 years & above, covering medical treatments, hospitalizations, and pre-existing conditions. It helps manage rising healthcare costs, ensuring access to quality care without financial stress.
Explore Plans
Check Health Insurance Plans
Get Quote
3 mins
03-March-2025

As we get older, our chances of experiencing health issues and injuries go up, meaning we often need continuous medical care. Seniors are more susceptible to certain illnesses and might recover more slowly, making good healthcare access vital. Given the increasing cost of medical treatments, a senior citizen health insurance policy becomes indispensable. This specialized insurance provides financial security and guarantees prompt medical assistance, whether it's for regular check-ups or emergencies. Ultimately, a thorough health insurance plan designed for senior citizens offers peace of mind, helping them manage healthcare costs effectively during crucial periods.

What is senior citizen health insurance?

Senior Citizen Health Insurance is a specialised health insurance plan designed for individuals aged 60 and above. It provides coverage for medical expenses such as hospitalisation, treatment of pre-existing diseases, critical illnesses, and COVID-19 care. These plans often include benefits like cashless hospitalisation at the insurer’s network hospitals and preventive health check-ups, ensuring that seniors receive timely and affordable healthcare support.

Latest update about senior citizen health insurance

On January 30, 2025, the Insurance Regulatory and Development Authority of India (IRDAI) issued a directive capping premium hikes on senior citizen mediclaim policies. As per the new mandate, insurers cannot increase premiums by more than 10% annually without obtaining prior approval from the regulator. Additionally, any intent to discontinue a senior citizen health insurance policy must also receive IRDAI's approval beforehand.

Earlier, on September 12, 2024, the Union Cabinet made a landmark announcement to expand the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). Under this decision, all senior citizens aged 70 and above are now eligible for free health insurance coverage of up to Rs. 5 lakh per family per year on a floater basis. This move is expected to benefit nearly 6 crore senior citizens across the country.

Senior citizen health insurance plans at a glance

Here are some of the key benefits of having a medical insurance for senior citizens:

Categories

Specifications

Minimum Entry Age

60 years and above

Maximum Entry Age

No age limit

Cashless Claims

Available at network hospitals

Preventive Health Check-ups

Available

Renewability

Lifetime

Long Term Policy Benefit

Up to 12.5% savings on a 2-year plan

Tax Benefits

Up to Rs 75,000 in a financial year (Under section 80D of the IT Act)

Importance of senior citizen health insurance for the elderly

Securing health insurance for senior citizens is crucial due to the increased health risks associated with aging. Key benefits include:

  • Financial protection: Covers hospitalization and treatment expenses, reducing out-of-pocket costs.
  • Coverage for critical illnesses: Many plans include protection against serious conditions like cancer and heart disease.
  • Prescription drug coverage: Assists in managing the cost of necessary medications.
  • Access to teleconsultations: Provides convenient medical consultations from home.
  • Tax benefits: Premiums paid may qualify for deductions under Section 80D of the Income Tax Act.

Investing in a comprehensive health insurance plan ensures that seniors receive timely medical care without financial strain.

Why do you need health insurance plans for senior citizens?

Health insurance for senior citizens is essential to ensure financial stability and access to quality healthcare during the golden years. These plans provide comprehensive coverage tailored to meet the unique health needs of older individuals.

  1. Meet the rising healthcare costs: Healthcare costs are steadily increasing, making it challenging for senior citizens to manage medical expenses. Health insurance offers financial protection, covering hospitalisation and treatment costs, reducing the burden on savings.
  2. Critical illness cover: Senior citizen health insurance plans often include coverage for critical illnesses such as cancer, heart diseases, or kidney failure. This feature ensures that the insured can access advanced treatments without worrying about exorbitant costs.
  3. Annual health check-up facilities: Most health insurance policies for senior citizens provide annual health check-ups. These preventive services help monitor overall health and detect potential illnesses early, promoting better health management.
  4. Beats inflation: With inflation affecting healthcare costs, a well-designed senior citizen health insurance policy ensures that medical expenses remain manageable. The sum insured in these plans accounts for rising treatment costs, helping seniors maintain financial security while accessing the best possible healthcare.

Government of India scheme extended to all senior citizens above 70 years of age

In September 2024, the Government of India expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include all senior citizens aged 70 and above, irrespective of their socio-economic status. This extension provides an annual health insurance coverage of up to ₹5 lakh per family, ensuring access to quality medical care without financial burden. For those already covered under AB PM-JAY, individuals aged 70 and above receive an additional top-up cover of ₹5 lakh exclusively for their use. This initiative aims to offer the best medical insurance for senior citizens, addressing the healthcare needs of approximately 6 crore elderly individuals in India.

Key features of health insurance for senior citizens

Features and benefits of senior citizen health insurance policy

Senior citizen health insurance offers several essential benefits, particularly for those looking for the best health insurance for senior citizens. Here are some of the key advantages:
To explore the broader advantages for all age groups, check out the benefits of health insurance.

  • Cashless hospitalisation: Most plans offer cashless treatment options at network hospitals, providing seniors with hassle-free, quick medical access without upfront payment.
  • Pre- and post-hospitalisation expenses: The best health insurance for senior citizens often covers not just hospitalisation costs but also pre- and post-hospitalisation expenses, such as diagnostic tests and follow-up care.
  • Tax benefits: Premiums paid towards senior health plans qualify for tax deductions under Section 80D, offering tax savings for policyholders or their children who pay the premium.
  • Medical Coverage for the Elderly: Broad coverage for various health conditions, including chronic and lifestyle-related diseases.
  • Pre-Medical Screening: Some insurers waive pre-policy health check-ups, while others include it as part of the enrolment process to customise coverage.
  • Lifetime Renewability: Enjoy lifelong coverage with guaranteed renewals, ensuring continuous protection even in advanced age.
  • No Claim Bonus (NCB): Earn cumulative bonus on your sum insured for each claim-free year—resulting in enhanced coverage at no extra cost.
  • Paperless Policies: Digital documentation and hassle-free online processes make policy management simpler for both seniors and caregivers.
  • Daycare Procedures: Covers treatments that don’t require 24-hour hospitalisation, such as cataract surgery, dialysis, and chemotherapy.
  • AYUSH Treatment Cover: Get reimbursement or cashless benefits for alternative treatments under Ayurveda, Yoga, Unani, Siddha, and Homeopathy.
  • Annual Health Check-ups: Regular preventive check-ups are often included to monitor health and catch issues early.
  • Coverage for Critical Illnesses: Many plans provide lump-sum or expense-based coverage for major conditions like cancer, heart attack, or stroke

These features make senior health insurance invaluable for elder care, enhancing financial and health security.

Pro Tip

Choose a senior citizen health plan with pre-existing disease coverage and lifetime renewability to ensure your parents always have financial protection for medical emergencies, treatments, and long-term care.

Senior Citizens

Why senior citizens must have a health insurance policy

Below are some key benefits of health insurance for senior citizens:

Provides cover for age-related ailments

Senior citizens’ health insurance policies are designed to provide financial coverage for age-related medical conditions. These policies cover hospitalisation for illnesses like cancer, heart issues, kidney failure, and more. Also, covers pre-existing diseases like blood pressure, diabetes, and cholesterol.

Shields your savings from long-term medical costs due to lifestyle diseases

With our changing lifestyles and environment, we are today far more vulnerable to several lifestyle-related diseases. With age, any diseases require consistent and long-term medication. Some may lead to hospitalisation. A health insurance policy come at our rescue at such times. These policies provide financial relief to the senior citizens during medical emergencies.

Keeps you financially prepared for rising healthcare expenses

Advanced medical facilities and new technologies has made treatment for many medical conditions possible. This has also been the reason for higher healthcare costs. A health insurance policy can bring you great relief to deal with finances at such times.
Insurance companies cover all the medical expenses against treatments or tests required for any ailment. You can avail the coverages up to the sum insured on the policy. Get coverage for hospitalisation expenses, medications and more. Health insurance policies help you keep your savings intact.

Offers comprehensive benefits

Medical insurance for senior citizens covers expenses against hospitalisation, pre-and post-hospitalisation, daycare, and domiciliary treatment, and many more. You can also avail of free health check-ups that many insurers offer to help you keep a tab on your health vitals.

Does not let you compromise on healthcare

Senior citizen health insurance policies offer extensive coverage that caters to the needs of senior citizens. These policies come at a higher price but having one is worth. From offering online doctor consultations to covering modern and alternative treatments, these policies provide adequate coverage. These policies also cover critical illnesses. Nonetheless, you can also benefit from the sum reinstatement facility if you exhaust the sum insured. It enables you to restore the entire sum insured on the policy and continue to provide financial security.
Therefore, it is wise to have medical insurance for senior citizens. It ensures that your loved ones have access to quality healthcare without worrying about finances. You can also include your parents above 60 years of age under your family health insurance policy.

Myths about senior citizen health insurance

Misconceptions about health insurance for senior citizens often deter them from securing adequate coverage. Addressing these myths is crucial:

  • Myth: Health insurance plans do not cover senior citizens.
    Reality: Many insurers offer policies specifically designed for seniors, providing comprehensive coverage for various medical needs.
  • Myth: Family health insurance is sufficient for senior members.
    Reality: Individual plans for seniors ensure tailored coverage, addressing specific health risks associated with aging.
  • Myth: Health insurance for seniors is prohibitively expensive.
    Reality: While premiums may be higher due to age-related risks, numerous affordable options are available, especially with government-sponsored programs.
  • Myth: Pre-existing conditions are not covered.
    Reality: Many policies cover pre-existing illnesses after a waiting period, ensuring necessary medical support.

Understanding these realities enables informed decisions, ensuring seniors receive the health coverage they need.

Top things to consider when buying a medical policy for senior citizens

Check for the following things before buying medical insurance for senior citizens:

Daycare treatments

Check if the medical insurance for senior citizens includes coverage for daycare treatments. Know the list of daycare treatments against which you can avail coverage. Daycare treatments offer advanced medical treatments and surgeries that require hospitalisation for less than 24 hours. These include dialysis, chemotherapy, radiotherapy, and more.

Policy renewability

Opt for a policy that offers lifetime renewability, as it ensures continuous coverage without age restrictions. Lifetime renewability is crucial for seniors, providing long-term health security and peace of mind.

Policy inclusions and exclusions

Carefully review the policy's inclusions and exclusions. Look for coverage of common senior health issues and be aware of any exclusions, as these define the scope of medical support and prevent claim-related surprises.

Enhancement of sum insured

Consider plans that offer a sum insured enhancement option, either annually or as a reward for claim-free years. This feature increases coverage over time, aligning with potential rising healthcare needs of seniors.

Maximum age of entry

Check the maximum age of entry for the policy. Some plans allow enrollment up to 80 years or more, ensuring that even elderly seniors can secure health coverage.

Cashless hospitals

Check the list of network hospitals where you can avail of cashless treatment. Insurance companies tie up with several hospitals across the country to offer cashless treatment facility. This enables you to get the treatment without worrying making immediate payment or arranging funds.

Easy claim settlement process

You must know the entire claim settlement process of the insurance company. This will help you understand the efficacy of claim settlement, helping you avoid any hassle when raising a claim.

Free health check-up facility

Most medical insurance policies for senior citizens offers free annual health check-up facility. This facility in mediclaim for senior citizens helps you to track the health record of senior citizens. It ensures you know about any occurrence of serious illnesses, so you get immediate medical attention.

Waiting period for pre-existing diseases

Check the duration of the waiting period for pre-existing diseases. You can avail of the coverage only when the waiting period gets over. Hence, know the duration so your claims do not get rejected if made during the waiting period for the mentioned diseases.

What is covered in a health insurance plan for senior citizens?

Health insurance for senior citizens includes hospitalisation and health benefits ranging from domiciliary treatment to coverage of diagnostic tests. Below are some key benefits of the best health insurance plans for senior citizens:

Coverage of hospital expenses

Senior citizens’ health insurance covers various hospital expenses. Get coverage for doctor fees, nursing fees, medicines, and drugs. It also covers room charges and ICU charges. Some health insurance policies also cover the fees of other medical staff. These include anesthetists, surgeons, consultants, and specialists.

Daycare treatments

Covers treatments that require hospitalisation for less than 24 hours. These include chemotherapy, dialysis, and physiotherapy.

Cover for AYUSH treatments

Ayurveda, yoga, unani, siddha, and homoeopathy (AYUSH) treatments are alternative medical options available and preferred by many seniors. Many health insurance policies for senior citizens also cover AYUSH expenses.

Modern treatments

Most health insurance plans for senior citizens also cover modern treatments. These include immunotherapy, stem cell therapy, robotic surgeries and more.

Donor expenses

Health insurance policies cover the treatment cost of the organ donor. You can avail this benefit in case an organ transplant is required.

Other medical expenses

Medical insurance for senior citizens also covers other expenses such as medical appliances, blood transfusion, operation theatre, pacemakers, and stents. Also, various tests like X-rays, blood tests, or other expensive tests.

Pre-and post-hospitalisation

Comprehensive health insurance plans often include coverage for pre and post-hospitalisation expenses, such as diagnostic tests, medications, and consultations, incurred before and after hospitalisation, ensuring holistic care for policyholders.

Domiciliary hospitalisation (Home Care Treatment)

Some health insurance policies extend coverage for domiciliary hospitalisation, also known as home care treatment, where necessary medical care and treatments are provided at home instead of in a hospital setting, offering convenience and comfort to patients.

Ambulance coverage

Many health insurance plans offer coverage for ambulance services, ensuring prompt and safe transportation to a hospital during emergencies. This coverage typically includes expenses related to ambulance charges, providing policyholders with peace of mind during critical situations.

What is not covered in a health insurance plan for senior citizens?

Below are some key exclusions under health insurance for senior citizens:

Pre-existing diseases

It covers pre-existing diseases in the second year of the policy. In a few cases, it can be from the third or fourth year.

Cosmetic treatments and non-allopathic medicines

It does not cover non-allopathic medicines, cosmetic, aesthetic, or related treatments.

Diseases contracted during the first 30 days

It does not cover any disease contracted during the first 30 days of the policy.

Injuries from war or army acts

The policy excludes coverage for injuries caused by war, military operations, or similar activities.

Dental or vision costs

Routine dental or vision-related treatments, including spectacles or contact lenses, are not included in the policy coverage.

AIDS treatment costs

Costs related to the treatment of AIDS and associated disorders are not covered under senior citizen health insurance.

Other exclusions

It excludes AIDS and related disorders, and expenses related to self-inflicted injuries. Also, any expenses due to the addiction to drugs, alcohol or any mental or psychiatric illness.

Bajaj Finance Limited along with leading insurance providers offers a range of health insurance policies at affordable premiums. You can choose from any of the health insurance policies and stay financially secure.

How to make a claim for your senior citizen health insurance?

The claim procedure for mediclaim insurance for senior citizens in India is simple and hassle-free. You can either make a cashless or reimbursement claim. You can make a cashless claim if you choose to avail the treatment from a network hospital. If you go to any other hospital, you can raise a medical reimbursement claim. Read below to know the claim process for both options.

Know more about claim settlement ratio in health insurance.

Cashless claim process for senior citizens health insurance

  • Visit any of the insurer’s network hospitals to avail the cashless claim facility.
  • The network hospital will connect with the insurer to complete required formalities.
  • The insurer will verify the claim application after receiving all the details.
  • Once verified, the insurer will directly settle the bills with the network hospital.
  • The best health insurance plans for senior citizens helps you focus on the treatment and recovery and stay stress-free.

Know more about Cashless medical insurance.

Reimbursement claim process for senior citizens health insurance

Apply for a reimbursement claim if you have taken treatment at any of your preferred hospitals with health insurance for parents above 60, ensuring coverage outside network hospitals:

  • Apply for a reimbursement claim if you have taken treatment at any of your preferred hospitals.
  • Collect the documents like medical reports, discharge summary, bills, and prescriptions from the hospital.
  • Submit these documents to the insurer along with the reimbursement claim form.
  • You can submit the claim online on the insurer’s website or their nearest branch office.
  • Upon receiving the documents, the insurer will verify and contact you if they have any queries.
  • Once your claim gets approved, you will receive the reimbursement amount on your registered bank account.

What are the tax benefits of senior citizens health insurance?

Senior citizens often have unique healthcare needs that require more frequent medical attention than younger individuals. Purchasing health insurance policy for senior citizens reduces the financial burden of healthcare costs for seniors but also comes with tax benefits. Here are some tax benefits of senior citizens' health insurance:

  1. Tax exemption:
    Claim a tax deduction of up to Rs. 50,000 for premiums paid towards health insurance under section 80D of the Income Tax Act.
  2. Tax rebate:
    Avail of a deduction of up to Rs. 5,000 under section 80D on payments made towards preventive health check-ups for parents.
  3. Medical expenditure:
    Section 80DDB allows for a tax deduction of expenses incurred towards senior citizens' medical treatment. It includes deductions for treatment of certain specified illnesses and disease.

A step-by-step guide to buying senior citizens health insurance plans

Follow these steps to buy senior citizens health insurance plan on Bajaj Finance Insurance Mall:

Step 1: Click on ‘Get Quote’ to open our online application form.

Step 2: Fill in the application form with your basic details or the person whom you want to insure. Provide name, gender, mobile number, date of birth, and residential PIN code.

Step 3: Now click on ‘Get Quote’ to proceed.

Step 4: Choose from the list of health insurance policies by clicking the ‘Buy Now’ button.

Step 5: Select the policy term and premium amount.

Step 6: Enter your email ID and check if all personal details shown are correct. Click ‘Next’ to proceed.

Step 7: Enter some additional details, such as height, weight, nationality, marital status, address, and nominee details (if applicable).

Step 8: Answer a few questions about your health and lifestyle by clicking the relevant checkboxes. Click on the ‘Next’ button to proceed.

Step 9: Verify if the previously filled details are correct. Click on the ‘Proceed’ button to visit the payment page.

Step 10: Make the payment through net banking, UPI, debit, or credit card to buy the policy.

After successful payment, your policy document will be available for you to download instantly. You will receive a copy of the policy document on your registered email ID within 5-7 working days.

You will also receive an SMS confirmation immediately after the payment is processed successfully. You can also access your policy details through the ‘My Account’ section within 5-7 days after the purchase.

Why should people of 60+ age take senior citizen health insurance?

Individuals aged 60 and above face increased health risks, making senior citizen health insurance essential. Key reasons include:

  • Comprehensive coverage: Policies often cover hospitalization, surgeries, and critical illnesses, reducing financial strain during medical emergencies.
  • Pre-existing conditions: Many plans provide coverage for pre-existing ailments after a waiting period, ensuring necessary treatments are accessible.
  • Tax benefits: Premiums paid towards these policies may qualify for tax deductions under Section 80D of the Income Tax Act, offering financial relief.

Investing in senior citizen health insurance ensures timely medical care without depleting savings, providing peace of mind during the golden years.

Why should you buy health insurance for senior citizens online?

Myths about health insurance for senior citizens in India:

1. High premiums:

False belief that premiums for seniors are unaffordable.

2. Limited coverage:

Misconception that policies offer limited coverage for pre-existing conditions.

3. Waiting periods:

Myth that there are long waiting periods for availing benefits.

4. Exclusions:

Belief that certain treatments or diseases are not covered.

5. Complexity:

Misunderstanding that purchasing insurance at an older age is complex.

6. No need:

False notion that seniors don't need health insurance.

7. Inadequate Plans:

Assumption that plans don't cater to the specific needs of seniors.

8. Poor claim settlement:

Fear that claims won't be settled efficiently.

Conclusion

Health insurance for senior citizens is an essential tool for ensuring financial protection against rising medical costs and health-related uncertainties in later years. With tailored coverage options, such plans offer various benefits, including coverage for critical illnesses, preventive check-ups, and no pre-medical screening. Despite certain exclusions, such as coverage for pre-existing conditions in the initial years or cosmetic treatments, these policies provide valuable support to elderly individuals. Ultimately, investing in health insurance for senior citizens ensures better healthcare access and peace of mind, safeguarding their well-being and financial security.

Frequently asked questions

What is a senior citizen health insurance policy?

Senior citizens health insurance caters to the medical needs of a senior citizen. The health insurance plan covers the treatment expenses of senior citizens. Get coverage for hospitalisation, pre-and post-hospitalisation, and medicines. It also covers diagnostic tests, and other medical-related expenses. Many senior citizens health insurance plans cover the expenses of modern and traditional treatments. You also get coverage for daycare treatments.

Why should you buy health insurance for senior citizens?

Considering the medical inflation, having a health insurance for senior citizen has become necessary. The health insurance plans for senior citizens cover all the medical-related expenses of senior citizens. It gives you the required financial security for any kind of medical emergency. The policy enables you to access quality healthcare facilities without worrying about the funds.

What are the age criteria for senior citizens to buy medical insurance?

Health insurance policies for senior citizens usually have an entry of 60 years. The maximum age limit depends on the insurer and policy that you choose.

How much does health insurance for senior citizens cost?

Generally, health insurance plans for senior citizens come at a higher price. The premium for senior citizens health insurance depends on several factors. It considers the entry age, pre-existing diseases, gender etc. Also, the coverages you choose to have. The premium varies from policy to policy.

Is it worth buying a health insurance policy for senior citizens?

Yes, it is worth an investment for senior citizens. A health insurance policy keeps you financially secure for any kind of medical emergency. It covers medical expenses for individuals above 60 years. These insurance plans, specially designed for senior citizens, cater to the medical needs of their age. Most of these plans cover pre-existing conditions and critical illnesses. You do not have to worry about the funds before availing of quality healthcare services.

Why is health insurance coverage required for senior citizens?

When the person crosses the age of 60 years, they are likely to experience health ailments. Some may experience any illness that is not very serious, while in some other cases can become severe. This may lead to hefty medical expenses. To mitigate this unexpected financial burden, health insurance for senior citizens becomes a need of the hour.

Do I need to go through medical screening before purchasing a senior citizen health plan?

Yes, before any health insurance, the person needs to go through a full-body health check-up. Any company providing health insurance for senior citizens asks for pre-insurance medical test reports.

Does any health insurance plan for senior citizens cover cashless hospitalisation?

Almost every health insurance policy for senior citizens offers cashless treatment. You can avail of the cashless treatment facility at any of the insurer’s network hospitals.

Does Bajaj Finance offer free annual health check-ups in health policies?

Some insurance partners of Bajaj Finance do provide free annual health check-ups in their health policies.

With whom should I submit claim documents – third-party administrator or insurance company?

Now, with the advantage of digitalisation, you can raise all the claims online. You can directly contact the insurer to make cashless or reimbursement claims.

Is there any medical policy for senior citizens?

Yes, various medical insurances for senior citizens are available and offer several benefits to the elderly. It covers a wide range of medical expenses. You get coverage for pre-and post-hospitalisation costs and in-patient hospitalisation costs. The policies also offer cashless treatment and tax benefits. The offerings under the health insurance policies may vary from insurer to insurer. Therefore, compare and buy the right health insurance for senior citizens that meets their needs.

Which policy is best for senior citizens?

There are many medical insurance policies for senior citizens available in India. Each comes with its unique benefits, features, and rates. While choosing the best health insurance for senior citizens, individuals must check the eligibility criteria and number of cashless hospitals. Also, benefits like no claim bonus, free medical health check-up facility, policy renewability, and co-payment. Apart from these aspects, individuals should also check the premiums to avoid any financial burden in the long run.

Why is health insurance important for senior citizens?

Health insurance policy for senior citizens gives a financial backup at the time of need. Senior citizens are more likely to develop illnesses and treatment costs which may be high. Senior citizen health insurance policy covers you against such medical expenses. Also, encourages you to access quality healthcare services without worrying about the funds.

Am I eligible for senior citizens health insurance if I am above 65 years of age?

Anyone above 60 years of age can buy a senior citizens health insurance policy. The insurer may ask you to get a few preventive health check-ups before giving you the policy. Also, you must declare your pre-existing diseases to the insurer, if any. Insurers usually have a waiting period for a few pre-existing diseases.

How do I calculate the premium for senior citizen health insurance?

Most insurers provide a health insurance premium calculator on their website. Insurers consider your age, pre-existing diseases, income, and coverages you choose to calculate the premium. You likewise calculate the premium on the calculator.

Can a 60-year-old person buy a health insurance policy?

Yes, individuals above 60 years old can buy a health insurance plan for senior citizens. The age limit for such plans goes up to 90 years. However, check with the insurer about the age criteria when buying a health insurance plan.

Does health insurance cost more as you get older?

Yes, health insurance typically costs more as you get older due to increased health risks and higher likelihood of medical conditions. Premiums may rise with age to reflect the higher probability of requiring medical care.

Do insurance companies offer free annual health check-ups under senior citizen health policies?

Yes, some insurance companies offer free annual health check-ups as a benefit under senior citizen health policies. These check-ups aim to promote preventive healthcare and early detection of health issues among senior policyholders.

Can a 70-year old get health insurance?

Yes, many insurance companies offer health insurance plans specifically designed for individuals aged 70 and above. While premiums may be higher and coverage options limited, seniors can still obtain health insurance tailored to their needs.

What is the new insurance rule for senior citizens?

In its latest regulations effective April 1, 2024, the insurance regulator removed the age ceiling of 65 years, allowing individuals of any age to buy a health insurance policy.

How much mediclaim can senior citizen claim?

Senior citizens can claim Mediclaim coverage up to Rs. 5 lakh or more, depending on the policy and insurer, with tax deductions up to Rs. 50,000 under Section 80D for premiums paid.

Which health insurance is best for old age?

The best health insurance for old age should offer comprehensive coverage, including pre-existing conditions, high sum insured options, cashless hospital networks, and minimal waiting periods, tailored to meet the specific healthcare needs of seniors.

Is Pradhan Mantri health insurance available for senior citizens?

Yes, senior citizens can benefit from Pradhan Mantri Jan Arogya Yojana (PMJAY), which provides health coverage of up to Rs. 5 lakh per family per year for secondary and tertiary care hospitalisation.

What is PM Arogya Yojana for 70 year old?

PM Arogya Yojana, or Pradhan Mantri Jan Arogya Yojana (PM-JAY), provides free health insurance coverage up to ₹5 lakh for families, including those aged 70 and above, covering major treatments at empaneled hospitals across India.

Show More Show Less

Related Videos

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited,  Life Insurance Corporation of India (LIC), Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Company Limited, HDFC ERGO General Insurance Company, TATA AIG General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, New India Assurance Limited, Chola MS General Insurance Company Limited, Zurich Kotak General Insurance Co. Limited , Star Health & Allied  Insurance Co. Limited, Care Health Insurance Company Limited,  Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services.  Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.