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With age, senior citizens become more susceptible to developing health ailments. Given the rising cost of medical care, health insurance for senior citizens in India is a must-have.

 

On Bajaj Markets, you can compare different insurance policies with ease and get one with a premium starting at as low as ₹160 per month.

Understanding Senior Citizen Health Insurance

A senior citizen healthcare plan is specifically designed to cover the medical expenses of those aged over 60 years. Treatments of minor surgeries, pre-existing illnesses, and critical ailments may be covered based on your chosen policy. 

 

If you are looking for a plan to cover only hospitalisation expenses, get a senior citizen mediclaim policy. Choose a plan after assessing your needs and considering your or the senior citizen’s finances after retirement.

Senior Citizen Health Insurance Plans at a Glance

Check out some of the best health insurance for senior citizens on Bajaj Markets:

Name of the Plan

Best Features

How to Get

Aditya Birla Activ Care Plan

  • Cashless treatment at home for gastroenteritis, chemotherapy and more

  • Access to a personal health coach

  • Cover for 586 daycare procedures and conditions such as high BP and diabetes 

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Care Senior Citizen Health Insurance Plan

  • Automatic recharge of the sum insured

  • No check-ups required before getting the policy 

  • Up to 150% increase

in sum insured with

No Claim Bonus &

No Claim Bonus Super

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Bajaj Allianz Silver Health Plan


  • Entry age up to 80 years

  • Floater policy available

  • Mental illnesses coverage on IPD basis 

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Disclaimer: The above-mentioned details are indicative and subject to change as per the insurance provider’s latest updates.

Benefits of Senior Citizen Health Insurance Policies

Medical insurance for senior citizens shields your finances against illnesses that come with age. Here are some of the other advantages that you get:

  • Wide Coverage

Most senior citizen health insurance policies provide coverage for hospitalisation charges, AYUSH treatment, and ambulance charges. Some may even offer OPD coverage, helping you save more.

  • No Claim Bonus (NCB)

If you do not raise a claim in a full year, certain policies offer NCB that helps increase the sum insured without inflating the premium.

  • Coverage for Pre-Existing Diseases

Most insurance plans for seniors cover pre-existing medical conditions, such as heart disease and diabetes, after an initial waiting period.

  • Inclusivity

Issuers today allow seniors to get a new policy even up to the age of 80.

  • Complementary Health Screening

You can get free diagnostic tests with certain plans for seniors to monitor health ailments and take early steps to address issues.

  • Greater Flexibility

Medical policies for seniors offer the option of lifelong renewability and a choice of tenures from 1-3 years.

Inclusions in a Health Insurance Plan for Senior Citizens

Do some research and compare policies to get a senior citizen health plan offering extensive coverage for an affordable premium. Here are some benefits you can access with the right plan:

  • In-patient Treatment: It covers expenses relating to hospitalisation due to any disease, injury, or illness covered under the policy. Mediclaim for senior citizens helps you manage hospitalisation costs with ease.

  • Pre- and Post-hospitalisation Costs: Comprehensive insurance policies also cover medical expenses related to consultations, medicines and tests before and after hospitalisation.

  • Day Care Procedures: Most comprehensive plans also provide coverage for the treatment of an illness that requires minor procedures of less than 24 hours.

  • Regular Check-ups: Certain providers also allow you to get complimentary routine medical check-ups, supporting preventive care.

Exclusions in a Health Insurance Plan for Senior Citizens

An insurance policy specifically designed for senior citizens may not cover the following:

  • Cosmetic Treatments: Policies do not cover cosmetic procedures like plastic surgeries

  • Self-inflicted Damage: Senior citizen health insurance plans do not cover medical expenses arising out of self-harm

  • Illness During Waiting Period: Illnesses contracted within 30 days of the purchase of the health plan are also not covered 

How to Choose a Health Insurance Provider for Senior Citizens

When it comes to the senior health insurer, consider the following crucial factors:

  • Claim Settlement Ratio: It indicates the proportion of claims they have approved in the recent past 

  • Customer Reviews: Browse through testimonials and online reviews to know the experiences of other customers

  • Renewability: To ensure extended coverage, ensure that the company offers the facility for lifelong renewability 

Reasons to Get a Health Insurance Plan for Senior Citizens

As medical conditions may usually worsen with age, it is crucial to have a health plan. Here is a deeper look at why these policies are worth getting:

  • Coverage for Age-related Conditions: The main purpose of these policies is to provide financial coverage to eliminate any delay or compromise when it comes to treatment 

  • Protects Your Long-term Savings: These policies extend financial assistance for medical needs, ensuring that you do not drain your savings

  • Safeguards You from Rising Medical Costs: These plans help you get access to advanced treatments and state-of-the-art facilities that may be more expensive

Explore Other Health Insurance Plans

Here are some other insurance plans for healthcare that you can get on Bajaj Markets:

Health Insurance Plan

Claim Settlement Ratio

Premiums Starting From

Aditya Birla Health Insurance (Base Policy)

99.41%

₹683 per month

Aditya Birla Health Insurance (Enhanced Policy)

99.41%

₹732 per month

Aditya Birla Health Insurance (Super Top-up)

99.41%

₹433 per month

Bajaj Allianz Family Health Care Gold

98%

₹266 per month

Bajaj Allianz Extra Care Plus

98%

₹160 per month

Bajaj Allianz Health Guard Gold

98%

₹492 per month

Bajaj Allianz Health Guard Platinum

98%

₹546 per month

Tata AIG

96.43%

₹612 per month

Disclaimer: The above-mentioned details are indicative and subject to change as per the insurance provider’s latest updates.

Claim Settlement Process for Senior Citizen Health Insurance

You can initiate the claim settlement process in two ways. Here is an outline of the process to file a claim in both cases:

1. Cashless Claim Settlement

  • Inform the insurance provider 

  • Submit the claim request form at the hospital 

  • The insurer will send an acknowledgement once they receive your intimation

  • If necessary, the insurer may raise a query

  • Upon resolving the query and further verifications, the insurer will settle the claim directly with the hospital

2. Reimbursement Claim Settlement

  • Notify the insurer regarding the claim as soon as possible

  • Seek treatment at a preferred hospital and pay for the expenses incurred

  • Submit the reimbursement claim form along with the necessary documents to the insurer

  • The insurer will notify you if they need any additional documents

  • Make sure that you submit the medical certificate, discharge form and other paperwork issued by the doctor/hospital

  • Upon verification and approval, the insurer will credit the amount to your bank account

Tax Benefits of Senior Citizen Health Insurance

A senior citizen health insurance policy not only safeguards you against healthcare costs but also enables you to save on taxes. You can claim the amount you spend towards the premium under Section 80D of the Income Tax Act, 1961. 

 

As a policyholder over 60 years of age, you can claim up to ₹50,000 per financial year towards your health policy.

Health Insurance Plans Available at Bajaj Markets

Frequently Asked Questions

Can I get senior citizen health insurance on Bajaj Markets?

Yes, you can get individual or family health insurance for senior citizens on Bajaj Markets. All you need to do is log in to the mobile app or website to apply.

How can I get the best health insurance policy for senior citizens online?

You can get the best health insurance for senior citizens by comparing different offers on Bajaj Markets. Look for a policy that provides extensive coverage at affordable premiums. 

Which is the cheapest health insurance for senior citizens?

On Bajaj Markets, you can get health insurance with premium payments starting as low as ₹160 per month.

Can an 80-year-old get health insurance?

Yes, an 80-year-old senior can get health insurance from certain insurance providers. Check the eligibility terms before you start the process. 

Does the senior citizen health plan cover pre-existing ailments of policyholders?

Yes, senior citizen health insurance covers pre-existing conditions. However, a waiting period shall apply to the coverage where no claims will be accepted before the set duration is complete.

Do senior citizens require health insurance coverage?

Yes, health insurance for senior citizens is crucial as you are bound to experience age-related medical complications. To avoid spending your retirement savings on healthcare expenses, you need to have sufficient coverage.

Do I need to undergo medical screening before purchasing health insurance for senior citizens?

Yes, most health insurance providers may request you to undergo a medical screening as individuals above 60 years have a higher health risk. However, there are certain insurers who do not require this. Check the terms and conditions before you apply for a policy. 

Do senior citizens get benefits if they transfer their senior citizen health insurance policy?

Yes, even if you transfer or port the policy, most companies will retain the NCB. However, it largely depends on company policies whether you can access other features and benefits.

Do health insurance companies provide free annual health check-ups under senior citizens' health insurance?

While such features can vary from company to company, many health insurance providers offer free annual health check-ups to seniors. 

Are critical illnesses covered under senior citizen health insurance?

Yes, health insurance plans for senior citizens provide coverage for critical illnesses. While some common ones may be covered in the base plan, you may have to buy an add-on/rider for the coverage of specific illnesses.

Do senior citizen health insurance plans come with a floater or individual policy?

Health insurance policies for senior citizens come with both floater and individual plans. However, a majority of them offer coverage and benefits on an individual basis. 

How do I choose a good health insurance plan for senior citizens?

When looking for an ideal senior healthcare policy, check the sum insured, premium, inclusions and exclusions. Check the waiting period for pre-existing diseases and coverage for critical illnesses too. 

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