Senior Citizen Health Insurance makes it easier for old age people to pay for medical expenses arising due to treatment. It could be a thoughtful present to your ageing parents as it provides a safety cushion while they age.
What is Senior Citizen Health Insurance?
Health insurance is a vast umbrella, safeguarding the health and finances of people from all walks of life. Whether young, old, parent, or grandparent, a health emergency can strike anyone unannounced. Elderly members—especially—need to secure enormous funds for any unexpected life event. Senior citizen health insurance is a type of insurance that meets the healthcare needs of older people who have crossed 60 years of age. A medical cover acts as a boon for a golden ager to receive quality healthcare services and treatment without washing away one’s life’s savings.
We at CHIL understand old age is equivalent to relaxed days. However, it also invites worries regarding the health and well-being of older ones. To overcome old age fears, we introduce— ‘Care for Senior’—our best-reviewed medical insurance for senior citizens that meets old age-related healthcare and emergency needs with comprehensive coverage of hospitals, treatments, and other medical costs.
Care for Senior is our exclusive health insurance for senior citizens aged above 60 years. With an affordable premium and wide-ranging sum insured options, this plan comes with specific benefits for the elderly—to sit back and enjoy peaceful golden years.
So, choose good health and financial comfort in your post-retirement days with different coverage and sum-insured plans by CHIL to meet your specific needs. Celebrate the second innings to the fullest –with Care Health Insurance for Senior Citizens, a specially curated health insurance for individuals above 60 years, and stay worry-free with unique benefits such as cashless hospitalization, day-care treatments, and tax savings too!
Why is Opting Senior Citizen Health Insurance Plan Important?
Healthcare cost in India is increasing at a rate of more than 14% every year. Know why elderly people must have a medical cover:
Rising Medical Treatment Costs: The cost of medical treatment in India is always on the rise. Health policy for senior citizens can ensure that unfortunate diseases at old age do not impact your finances and help you beat medical inflation.
Critical Medical Needs: Avail of timely treatment for your heart, kidney, and other critical diseases without worrying about borrowing funds from your savings.
Day Care Treatments: Old age involves a lot of hospital visits caused by uninvited ailments. A senior citizen health insurance covers 541 Day Care treatments that require hospitalization for less than 24 hours.
Burdening Extra Costs: Miscellaneous expenses like pharmacy bills, OPD-care, ambulance charges, among others amount to much more than expected. With our mediclaim policy for senior citizens, you get add-on coverage for miscellaneous costs.
Vital Health Check-ups: While you should never avoid regular health check-ups in old age, high healthcare costs may hold you back from availing of good treatment. The Care Senior plan covers annual health check-ups for all insured members to keep regular track of health.
Pre-Existing Diseases: If you are already carrying a load of pre-existing illnesses and health problems, you may need concerning medical treatment in the future. You can rely on our shoulders to cover all your pre-existing diseases subject to the terms and conditions of the policy.
Does Your Senior Citizen Health Insurance Cover COVID-19?
The pandemic has left an unforgettable mark on everyone’s life. However, senior citizens were the first to be at the mercy of deadly coronavirus infection. Sources reveal that senior citizens account for almost 50% of COVID-19 casualties in India. One of the many reasons behind this staggering number is the lack of sufficient funds for treatment. That’s when senior citizen health insurance is needed the most- to pay for unprecedented illnesses and infections while facilitating seamless treatment.
Care for Senior—the ultimate health insurance for a senior citizen in India—ensures that people live their retirement years in full swing. CHIL offers reliable health insurance for every senior citizen to fund their healthcare needs with trust and standard services.
Yes, senior citizens can buy themselves a health insurance cover combined with our coronavirus-exclusive insurance covers- COVID and OPD-care. As separate, pocket-size insurance, COVID and OPD-care cover COVID-19 treatment expenses, including pre and post-hospitalization, day-care treatment, quarantine expenses, and OPD reimbursement. We offer COVID-19 coverage as an additional plan that can easily be bought with senior citizen medical insurance at a slightly higher premium.
COVID Care with Pre-existing Diseases
Older members’ weak health conditions can increase their chances of contracting coronavirus and slow down recovery rates. COVID care is our separate insurance cover that can be clubbed together with senior citizen policy to get COVID coverage under a single plan. With a marginally higher premium, and you can enjoy the following benefits under our COVID-care cover-
| What is Covered Under COVID Care? | COVID Care Benefits |
|---|---|
| In-patient Care | Hospitalization expenses for COVID-related treatment over 24 hours or more |
| Day Care Treatment | Hospitalization expenses for COVID-related treatment under 24 hours or less |
| Reimbursement of Quarantine | Maximum up to 1% of sum insured for as long as 30 days |
| Pre and Post-Hospitalization | Expense reimbursement for 30 days prior and 60 days post-hospitalization |
COVID Care with OPD
The pandemic has witnessed millions of senior citizens struggling with multiple health problems, from breathlessness to black fungi infections. This has resulted in routine OPD visits by the elderly and an increased burden of COVID treatment costs. Therefore, we offer COVID and OPD-care as additional insurance that you may purchase to enhance the medicalim for your elderly parents with the following OPD benefits-
| What is Covered Under OPD Care? |
OPD Care Benefits |
|---|---|
| Reimbursement of OPD Charges | Expenses for doctor’s consultation, diagnosis, and pharmacy under COVID-related treatment |
| In-patient Care | Hospitalization expenses for COVID-related treatment over 24 hours or more |
| Day Care Treatment | Hospitalization expenses for COVID-related treatment under 24 hours or less |
| Reimbursement of Quarantine | Maximum up to 1% of sum insured for as long as 30 days |
| Pre and Post-Hospitalization | Expense reimbursement for 30 days prior and 60 days post-hospitalization |
Benefits of Mediclaim for all Senior Citizens
At CHIL, we believe aged members should lead carefree lives by enjoying luxuries of time and material things. That’s how our mediclaim for senior citizens benefits elderly people by taking care of all their old-age health worries and gifting them the joy of life. Our senior citizen medical cover provides vast coverage across hospitals, treatments, OPD, and COVID centers for helping elder ones lead tension-free retirement years.
- Comprehensive Cover: CHIL offers an all-inclusive mediclaim policy for senior citizens that includes comprehensive protection and helps to get advanced healthcare facilities.
- Protected Golden Years: Ageing does not always mean declining health if you get the right medical care and follow a healthy lifestyle. You can give your elders the freedom to stay financially secure by choosing a mediclaim policy for parents above 60 years.
- Affordable Premium: You can rest assured that it is easy to get health cover for senior citizens at an affordable premium and maximum coverage.
- Vast Hospital Network: We are empanelled with 8350+ cashless network hospitals across the country to offer you cashless health insurance for senior citizens. Medical insurance for senior citizens in India helps elderlies to get treatment in any hospital that is feasible for them as per their location.
- Alternative Treatment: With CHIL, you get the liberty of getting healthcare treatment beyond allopathy. You get coverage for alternative treatment, including AYUSH, therapies, or other kinds of healthcare treatments
- Discounts & Offers: We understand how important our finances post-retirement is, so here we come with numerous discounts such as a multi-year policy, Smart Select, and many more.
- Easy EMI for Premium: Get your health cover today without worrying about current finances through our easy EMI options.
- Tax Benefit: You can secure your health and wealth with an excellent medical insurance policy for senior citizens. The premium paid against the policy coverage gets tax exemption under section 80D of the Income Tax Act.
- Second Opinion: Not sure about your current treatment procedures? Worry not, we offer a feature to get second opinion from other doctors for a specified illness.
Eligibility for Mediclaim Policy for Senior Citizens
- Minimum Entry Age: 61 years
- Maximum Entry Age: Lifelong, no bar
- Lifelong Renewability
- Co-payment: Member above 61 years or above pay 20% co-payment per claim
- Pre-existing Disease Waiting Period: 48 months of continued coverage
- Named Ailment Waiting Period: 24 months of continued coverage
- Grace Period: 30 days from the date of expiry
How to Choose the Best Health Insurance for Senior Citizens?
- Study the Policy’s Coverage: A plan with maximum coverage and minimum exclusion is considered to be the ideal insurance for senior citizens. We offer the perfect health plans for senior citizens offering comprehensive coverage for pre and post-hospitalization, day-care treatments, annual health check-ups, second opinion, AYUSH treatments, and many more benefits.
- Check for High Sum Insured: If medical expenses are increasing, it is only logical that you need a higher sum insured that would lower your dependence on your savings. However, make sure that the policy offers an affordable premium while providing maximum coverage.
- Look for Easy Claim Settlement: While comparing health insurance plans for senior citizens helps, you would also know how different insurance companies settle insurance claims, which will get you closer to your goal of choosing the best insurer. Opting for an insurer that has a high claim settlement ratio is a logical move.
- Check the Waiting Period: Go through the policy to understand the waiting period applicable for pre-existing illnesses and specified diseases. Almost all senior citizens’ health insurance plans in India come with a waiting period, but you can find the perfect plan with the minimum waiting period.
- Pre-Medical Check-Ups: Some plans do not let you go through the time-consuming process of going through pre-medical check-ups. So, compare and select health insurance for senior citizens without medical tests, where your elderly parents need not go through complex pre-medical health check-ups.
- Know Your Network Hospitals: With the cashless treatment facility, your elderly parents can stay relaxed that they will have access to timely medical care when they need it. Check the network hospitals in your vicinity, and comparing helps you find a better network hospital.
- Convenience and Ease of Purchase: You or your elderly parents do not need to go anywhere and can buy a policy online with a few clicks. Read the features, benefits, coverage, claim process, policy T & C on the website or download the brochure to get every detail about the plan. With us, the process of getting all the details is quick and easy.
- COVID-19 Coverage: It is beneficial to opt for covid insurance coverage coupled with senior citizen insurance. The policy will pay the insured member for coronavirus hospitalization medical expenses up to the specified limit.
- Verify Sub-limits: It is the limit placed by the insurance company on the health insurance claim. It is usually applicable to services such as room rent, ambulance charges, and certain medical procedures.
- No Claim Bonus: Ensure that you choose the best senior citizen mediclaim policy that offers an option to get up to a 150% increase in Sum Insured with the No Claim Bonus Super option
- Check for Cashless Healthcare Providers: With the cashless health insurance facility, your elderly parents can stay relaxed that they will have access to timely medical care when they need it. We have 19000+ cashless healthcare providers across the country to ensure you can access good health in your location.
Why Select Senior Citizen Insurance Online?
- Convenient Policy Selection- Don’t worry about scheduling countless appointments for discussing policy details. We offer an all-digital policy selection experience wherein you can study, compare, choose, and pay for senior citizen health insurance policies from anywhere, anytime.
- Chat Option for Queries- Our team is readily available for all your queries concerning the terms and conditions of our mediclaim policies. You can use the live chat option to discuss any policy-related matter at your convenience.
- Instant Premium Quote Calculation- We facilitate digital premium and coverage calculators to help you opt for customised healthcare insurance for senior members.
- Secure Payment Modes- Our policy portals offer digitally secure payment options, including credit/debit cards, or net banking. Once issued, you will receive authentic policy documents immediately.
- Transparent Policy Evaluation- What we promise on paper is what you get in times of medical emergencies. Our senior members’ healthcare policy includes all the terms and conditions for your ready reference.
- Easily Available Value Added Services- While browsing online through our healthcare policy for senior citizens, you can easily check out other add-on benefits. These include COVID and OPD care, co-payment waiver, reduced wait time, among others to cover your specific needs.
