Health Insurance
Old age brings multiple illnesses that are expensive to treat. Many insurance companies offer health insurance plans for senior citizens. These health insurance plans cover many types of medical expenses incurred by the policyholders.
A senior citizen health insurance policy offers medical coverage to individuals above 60 years of age. Some of the unique benefits of senior citizen health insurance are cashless hospitalisation, cover for pre-existing conditions, daycare expenses, no medical test required and a higher sum insured is available.
With increasing age comes the risk of contracting ailments and falling sick. Since the later years of our lives are physically more challenging and monetarily less sound, having a health insurance policy to take care of medical emergency is a clever move. Health insurance policies for senior citizens offer various features such as critical illness cover, cashless hospitalisation, specific cover for diseases like stroke, cancer, and so on. Let's read why senior citizen health insurance is important.
Features & Benefits of Senior Citizen Health Insurance
Features of Senior Citizen Health Insurance
In various unforeseen medical emergencies, a senior citizen health insurance policy will help you cope up with the situation. Following are a few critical features which explain why senior citizen health insurance is important.
- People above 60 years of age can get health insurance cover under senior citizen health insurance plans.
- Most of the policies do not require pre-medical screening.
- Most of the senior citizen health insurance plans offer a free-look period of 15 days to review the policy terms.
- Policyholders can avail free medical check-up on a yearly basis.
- Most senior citizen health insurance plans cover pre-existing ailments.
Benefits of Senior Citizen Health Insurance
The key benefits of senior citizen health insurance are:
- A smooth, convenient and hassle-free claim settlement process
- Cashless hospitalisation facility is available when the policyholder is admitted for more than 24 hours
- Includes coverage for doctor’s fees, room charges, medical bills, in-patient hospitalisation expenses, etc.
- Most of the plans offer lifelong renewal option
- Emergency ambulance expenses are covered
- Pre and post hospitalisation expenses are covered
- Pre-existing ailments are covered subject to terms mentioned in the policy document.
