Numerous illnesses that are typically exceedingly expensive to treat and care for come with aging. After age 60, the body may start to deteriorate and become more susceptible to diseases and infections. The need for health insurance is therefore paramount for elderly individuals.
The elderly’s healthcare requirements are met through senior citizen health insurance. Health insurance for seniors provides coverage for unanticipated medical costs associated with hospitalization, physicals, daycare treatments, and serious diseases, much like a typical Mediclaim policy.
Senior health insurance policies could be able to offer broad coverage. Such a plan is dependable since it has features like a high sum promised, no co-pay clause, and cashless treatment at a large network of hospitals.
Coverage for Modern Treatment please click here
Benefit/Premium illustration for Individual and Floater basis please click here
Premium can be paid Quarterly and Half Yearly. Premium can also be paid Annually, Biennial (once in 2 years) and Triennial (once in 3 years).
Sum Insured on Individual Basis
Sum Insured on Floater Basis
Any person between 60 and 75 years of age at the time of entry can take this insurance policy.
Pre-Existing Diseases / Illness :
Covered after 12 months of continuous coverage
Pre- Acceptance medical screening:
There is no pre-acceptance medical screening. However if following medical records of the person proposed for insurance are submitted, a discount of 10% of is allowed.
Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act.
Free Look Period: At the time of inception of the policy, the Insured will be allowed a period of 15 days from the date of receipt of the policy to review the terms and conditions of the policy and to return the policy if not acceptable. In such a case, the premium refund shall be as follows :
If the Insured has not made any claim during the free look period, the Insured shall be entitled to –
Free look period shall not be applicable at the time of renewal.
NOTE: Renewal premium, terms and conditions are subject to change with prior approval from IRDAI.
Co-Payment: This policy is subject to co-payment of 30% for all claims.
NOTE: The benefits mentioned herein are only an outline of the policy. For details please contact your nearest Health Office or call sales & services – 1800-891-2871