Health insurance for senior citizens is a must today. Because most of senior citizens doesn’t have income source and their needs varies for healthcare service at older age. Availability of health insurance for senior citizens is a boon, since it provides them financial stability in the event of medical emergencies.
In Indian market, a very few companies are providing health insurance to the senior citizens. But, there are some companies providing health insurance for people above 60 years of age. The health insurance are offered by few of major companies such as National Insurance Company, United India Insurance Company, New India Insurance Company, Oriental Insurance Company, Bajaj Allianz, etc. There are also other companies offering health insurance plans to the senior citizens. Senior citizen policy can be renewed up to the age of 85 years.
These policies are specially designed to cater the needs of senior citizens. It provides cover against hospitalization and other related medical expenses due to any sickness, illness and accidental injury. The expenses includes room and boarding, operation theatre charges, ICU charges, surgeon, anesthetists, medical practitioner, specialist fees, consultant fees, nursing expenses, anesthesia, blood, oxygen, cost of medicines and drugs, surgical appliances, diagnostic materials, x-ray, dialysis, chemotherapy, radiotherapy, pacemaker, artificial limbs, etc.
The cover is also provided for pre and post hospitalization expenses, domiciliary hospitalization, cost of health check up, etc. Another benefits are provided like cashless hospitalization service and cumulative bonus.
Some of policies also comes up with critical illness cover as a optional benefit. It covers life threatening illnesses such as Cancer, Stroke, Renal Failure, Major Organ Transplant, Paralysis, Coronary Artery Bypass Surgery, etc.
Senior citizen health insurance are very much expensive, but they still worth it. It provides numerous benefits to the senior citizens. But, its’ always important to read the exclusion part of the policy.