What is Senior Citizen Health Insurance?
A Senior Citizen is one who has attained the age of 60. As one ages, there are a number of age-related health issues which may crop up. To address these health concerns, it is better to be insured as health care costs are prohibitive. Health Insurance Plan is designed to offer financial aid for medical treatments to individuals over 60 years of age in their hour of need. Senior citizen health insurance plans offer critical illness cover, cashless hospitalisation, pre-existing disease cover, and a higher sum assured. It is advisable that you take the policy even before you have attained the senior citizenship status, because the premium for such policies are expensive.
The benefits of choosing a health insurance plan for senior citizens are:
You are covered against illness which are mostly age-rekated,
Enjoy higher sum insured benefit.
Avail health check-ups annually, to stay fit
Avail Cashless hospitalization in case patient is admitted for over 24 yours.
You can pay doctor fees, medical bills, room charges, etc.
No Claim Bonus
Insurance companies give discounts on your premium when it comes up for renewal if you have not claimed insurance during the policy period. The healthier you stay, Insurance companies acknowledge your good health and offer discounts.
Why Insuremile ?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission
For every policy you buy, InsureMile on your behalf contributes 25 meals to a child.
You are thus becoming part of a Social Movement to eradicate hunger among children in India.
There is no additional amount to be paid for the social cause. It is part of the premium.
You can claim tax benefits for the donation you have made.
Key features in a senior citizens health insurance policy
There are some significant features to a senior citizens health insurance policy that you should ensure are available when applying for it
⦁ Ambulance charges. Most senior citizen insurance plans cover for ambulance charges in case of an emergency. This is a necessary feature considering the age of the beneficiary
⦁ Pre-existing disease coverage. As you compare senior citizen insurance cover, seek one that offers cover for pre-existing diseases such as diabetes as this is not provided by all insurance companies.
⦁ Depending on the selected insurance provider, one may not require to undergo medical tests to enjoy a senior citizens health plan
⦁ Tax benefits increase as one age and senior citizen insurance plans also take this into consideration.
⦁ While requesting for senior citizen insurance quotes seek to find ones with the least co-payment plans. This will ensure that the medical bills are easily manageable by simply paying the premiums on time.
⦁ The insurance plan allows for cashless hospitalization covering room charges and medical bills as per the sum assured.
⦁ Compare senior citizen insurance policies and select one that offers hassle-free coverage with lifetime renewals. Although lifetime renewals are limited, ensure that you get a hassle-free coverage to avoid disappointment during an emergency.