Senior Citizen Health Insurance

A Senior Health Insurance is a type of health insurance policy customized for people over 60 years of age. We’re all aware that with age, the risk of illnesses big and small increase due to the changes in our bodies and lifestyle. With this, our healthcare expenses too rise. Therefore, this health insurance for senior citizens is designed to suit the needs of elderly people and financially covers for medical expenses such as hospitalization, different illnesses, annual check-ups, accidents, medical treatments and critical illnesses such as cancer, cardiac arrest, lung diseases, and kidney failures, amongst others. Some special benefits of this senior health insurance also include domiciliary care and psychiatric support.

A Senior Health Insurance is a type of health insurance policy customized for people over 60 years of age. We’re all aware that with age, the risk of illnesses big and small increase due to the changes in our bodies and lifestyle.

With this, our healthcare expenses too rise. Therefore, this health insurance for senior citizens is designed to suit the needs of elderly people and financially covers for medical expenses such as hospitalization, different illnesses, annual check-ups, accidents, medical treatments and critical illnesses such as cancer, cardiac arrest, lung diseases, and kidney failures, amongst others.

Some special benefits of this senior health insurance also include domiciliary care and psychiatric support.

Chances are, you’re probably looking at buying a health insurance for your senior parents or are perhaps a senior citizen yourself, looking to secure your health and wealth at this crucial point in life. Either ways, this is something you’ve never done before and are probably confused with the number of options available. You have so many doubts. Questions. Apprehensions. You only want the best for yourself, for your parents. That’s when buying a senior health insurance online makes sense. You don’t only have everything at the ease of your fingertips but, can research and evaluate your choices at the comfort of your home. Moreover, you can even minimize lengthy paperwork and make your life so much easier with an online health insurance. So, sit back. Read. Understand and then pick a health insurance you think would suit you or your parents the best. Take your time. After all, everything is now just a few buttons away.

Chances are, you’re probably looking at buying a health insurance for your senior parents or are perhaps a senior citizen yourself, looking to secure your health and wealth at this crucial point in life. Either ways, this is something you’ve never done before and are probably confused with the number of options available.

You have so many doubts. Questions. Apprehensions. You only want the best for yourself, for your parents. That’s when buying a senior health insurance online makes sense. You don’t only have everything at the ease of your fingertips but, can research and evaluate your choices at the comfort of your home.

Moreover, you can even minimize lengthy paperwork and make your life so much easier with an online health insurance. So, sit back. Read. Understand and then pick a health insurance you think would suit you or your parents the best. Take your time. After all, everything is now just a few buttons away.

Many times, a lot of us just purchase a health insurance blindly for the sake of tax benefits. However, that’s often the wrong way to look at health insurance. Today, we live in a world where the cost of healthcare is only increasing and unfortunately, so are illnesses and medical problems. Moreover, when it comes to the elderly, their bodies are perpetually changing, making them less immune to diseases and illnesses. A health insurance that’s truly designed for them would in fact lead to many advantages and help us and our loved ones in times of need. Following are some advantages of a health insurance, especially when it comes to senior citizens: a. Secure your hard-earned savings and protect yourself from hefty expenses that may arise due to illnesses, medical emergencies and even accidents. b. Always be assured of your health and well-being. After all, our health insurance for senior citizens offers the benefit of free annual health check-ups and even psychiatric support. c. Peace of mind. Obvious, but true. Planning for the unplanned always puts us in a less stressful situation. Know more about Income tax benefits for Senior Citizens & Health Insurance Tax Benefits.

Many times, a lot of us just purchase a health insurance blindly for the sake of tax benefits. However, that’s often the wrong way to look at health insurance.

Today, we live in a world where the cost of healthcare is only increasing and unfortunately, so are illnesses and medical problems. Moreover, when it comes to the elderly, their bodies are perpetually changing, making them less immune to diseases and illnesses.

A health insurance that’s truly designed for them would in fact lead to many advantages and help us and our loved ones in times of need. Following are some advantages of a health insurance, especially when it comes to senior citizens:

a. Secure your hard-earned savings and protect yourself from hefty expenses that may arise due to illnesses, medical emergencies and even accidents.

b. Always be assured of your health and well-being. After all, our health insurance for senior citizens offers the benefit of free annual health check-ups and even psychiatric support.

c. Peace of mind. Obvious, but true. Planning for the unplanned always puts us in a less stressful situation.

Know more about Income tax benefits for Senior Citizens & Health Insurance Tax Benefits.

The best health insurance plan for seniors is not one that comes with a lower premium but, one that factors in everything that an elderly person needs. When people turn older, their bodies are in a perpetual state of change. Moreover, their mental health too begins to be affected due to the changes in their lifestyle. Therefore, pick a health insurance plan that not only gives you a cost effective premium and huge sum insured but, also protects you and your senior parents against all possible situations. What are the processes involved? Do they cover all kinds of illnesses? What are their claim settlements like? Do they offer treatments at home too? These are just some questions you could ask yourself. After all, the whole point of a health insurance is to ensure they’ll always be protected, no matter what.

The best health insurance plan for seniors is not one that comes with a lower premium but, one that factors in everything that an elderly person needs. When people turn older, their bodies are in a perpetual state of change. Moreover, their mental health too begins to be affected due to the changes in their lifestyle.

Therefore, pick a health insurance plan that not only gives you a cost effective premium and huge sum insured but, also protects you and your senior parents against all possible situations. What are the processes involved? Do they cover all kinds of illnesses? What are their claim settlements like? Do they offer treatments at home too? These are just some questions you could ask yourself. After all, the whole point of a health insurance is to ensure they’ll always be protected, no matter what.

If you’ve never bought a health insurance for senior citizens online, it’s only natural to be confused about not only the different terminologies but, decide as to which health insurance would really work for you or your senior parents. Therefore, we’ve put together the most important things you should look for and compare between different senior health insurance plans: Sum Insured: Sum Insured refers to the maximum amount you’ll be compensated for in case of a health insurance claim. Therefore, this is probably one of the most important things you should compare! Don’t go in for cheap plans blindly but look at the returns you will reap when you really need to use the health insurance and make a claim. Real Benefits: Like you would do for any other important documents, do read senior health insurance policies carefully and compare the real benefits (including their conditions) and then make a choice as to what suits your needs the best. Claim Settlement Record: The whole point of purchasing a senior health policy is so that you can benefit from health claims. Therefore, compare how different health insurance companies settle their claims. What’s their claim settlement ratio? How easy is it to settle claims, etc Processes: As mentioned above, look at the Claim Processes of different health insurance companies and go for one that seems the simplest and quickest of them all.  Premium: This is something everyone compares, no doubt! However, it’s important to not only compare premium prices blindly but also look at how cost effective it is, does it cover everything you need, is the sum insured justified for the amount you’re paying, etc.

If you’ve never bought a health insurance for senior citizens online, it’s only natural to be confused about not only the different terminologies but, decide as to which health insurance would really work for you or your senior parents. Therefore, we’ve put together the most important things you should look for and compare between different senior health insurance plans:

• Sum Insured: Sum Insured refers to the maximum amount you’ll be compensated for in case of a health insurance claim. Therefore, this is probably one of the most important things you should compare! Don’t go in for cheap plans blindly but look at the returns you will reap when you really need to use the health insurance and make a claim.
• Real Benefits: Like you would do for any other important documents, do read senior health insurance policies carefully and compare the real benefits (including their conditions) and then make a choice as to what suits your needs the best.
  
• Claim Settlement Record: The whole point of purchasing a senior health policy is so that you can benefit from health claims. Therefore, compare how different health insurance companies settle their claims. What’s their claim settlement ratio? How easy is it to settle claims, etc
  
• Processes: As mentioned above, look at the Claim Processes of different health insurance companies and go for one that seems the simplest and quickest of them all. 
  
• Premium: This is something everyone compares, no doubt! However, it’s important to not only compare premium prices blindly but also look at how cost effective it is, does it cover everything you need, is the sum insured justified for the amount you’re paying, etc.

As the name suggests, a cashless claim is when you won’t be required to pay anything from your pocket. However, this is only possible if you’re being treated at one of our network hospitals.   How to settle a cashless health claim?  1. Get in touch with us via phone call or email, before 72 hours of the hospitalization in case of a planned hospitalization or, within 24 hours of the hospitalization in case of an emergency.   2. Share your health card/copy of e-card along with an ID proof with the concerned hospital authority and obtain the pre-authorization form from the hospital.   3. Fill in the form, sign and submit to the concerned hospital authority. 4. Ensure that the hospital shares your signed form to the Third-Party Administrator (TPA) or Service Provider for further processing.   5. Once your form is processed, the TPA will issue an authorization letter after confirming the claim along with your policy terms and conditions directly with the hospital.   6. Once everything is approved and you have a go-ahead, the required treatment must take place within 15 days from the date the respective form was filled in.  

As the name suggests, a cashless claim is when you won’t be required to pay anything from your pocket. However, this is only possible if you’re being treated at one of our network hospitals.  

How to settle a cashless health claim? 

1. Get in touch with us via phone call or email, before 72 hours of the hospitalization in case of a planned hospitalization or, within 24 hours of the hospitalization in case of an emergency.  

2. Share your health card/copy of e-card along with an ID proof with the concerned hospital authority and obtain the pre-authorization form from the hospital.  

3. Fill in the form, sign and submit to the concerned hospital authority.

4. Ensure that the hospital shares your signed form to the Third-Party Administrator (TPA) or Service Provider for further processing.  

5. Once your form is processed, the TPA will issue an authorization letter after confirming the claim along with your policy terms and conditions directly with the hospital.  

6. Once everything is approved and you have a go-ahead, the required treatment must take place within 15 days from the date the respective form was filled in.  

One of the most common claims used is the reimbursement claim. This is mainly because, whether you go to one of our network hospitals or not, this kind of claim can be used at any hospital in India. All you have to is submit required documents in due time and receive the reimbursement amount from us. What is the process to settle a reimbursement claim? 1. Inform us or the TPA within 48 hours of hospitalization or treatment for which you’re using the hospital services.  2. Submit all original documents and bills related to your hospitalization or treatment within 30 days of discharge.  3. Our team will go through the documents submitted and reimburse the required amount within 30 days. In case we don’t, we’ll be liable to pay an interest of an additional 2% than the current bank interest rate to you. 

One of the most common claims used is the reimbursement claim. This is mainly because, whether you go to one of our network hospitals or not, this kind of claim can be used at any hospital in India. All you have to is submit required documents in due time and receive the reimbursement amount from us.

What is the process to settle a reimbursement claim?

1. Inform us or the TPA within 48 hours of hospitalization or treatment for which you’re using the hospital services. 

2. Submit all original documents and bills related to your hospitalization or treatment within 30 days of discharge. 

3. Our team will go through the documents submitted and reimburse the required amount within 30 days. In case we don’t, we’ll be liable to pay an interest of an additional 2% than the current bank interest rate to you. 

A Senior Health Insurance plan is designed for people of 60 years or more. Therefore, one should buy the same once they’ve touched 60 or post retirement, so that they can secure their savings, whilst also ensure good health and well-being. Mistakes to avoid while purchasing a Health Insurance for Senior Citizens Choosing a very low sum insured Not declaring existing health and lifestyle conditions Not customizing the senior health insurance plan with add-ons to suit additional needs. Not reading the policy documents carefully Solely purchasing a senior health insurance plan for tax benefits only

A Senior Health Insurance plan is designed for people of 60 years or more. Therefore, one should buy the same once they’ve touched 60 or post retirement, so that they can secure their savings, whilst also ensure good health and well-being.

Mistakes to avoid while purchasing a Health Insurance for Senior Citizens

• Choosing a very low sum insured
• Not declaring existing health and lifestyle conditions
• Not customizing the senior health insurance plan with add-ons to suit additional needs.
• Not reading the policy documents carefully
• Solely purchasing a senior health insurance plan for tax benefits only

This is how we and most health insurance companies calculate senior health insurance premiums: Age of senior citizen: Although a senior health insurance policy is designed for anyone above 60 years of age, the risk of health issues still increases with age. Therefore, whilst calculating one’s health insurance premium, age of the senior citizen being insured is taken into consideration. Lifestyle: Truth is, our health is directly dependent on the lifestyles we lead. Therefore, one’s lifestyle habits are also taken into consideration whilst calculating a health insurance premium. It is important to declare everything about you or your elderly parents honestly. Such as habits like drinking, smoking, etc. In case you don’t and when a claim is made, the investigation will automatically show the cause of the illness or condition and if it is due to a habit which was not declared, it may result in a claim denial. Pre-existing Diseases or Conditions: If any condition, ailment or injury for which there were signs or symptoms of or which has already been diagnosed within 48 months prior to the first policy issued by the insurer or renewed continuously thereafter, needs to be declared to your health insurance company at the time of buying or renewing a senior health insurance policy. Location: Every city and town are different from another. From traffic and pollution levels to overall lifestyle changes that can risk one’s health in different ways. Therefore, the location you or your elderly parents live is will affect your senior health insurance premium accordingly.

This is how we and most health insurance companies calculate senior health insurance premiums:

• Age of senior citizen: Although a senior health insurance policy is designed for anyone above 60 years of age, the risk of health issues still increases with age. Therefore, whilst calculating one’s health insurance premium, age of the senior citizen being insured is taken into consideration.
  
• Lifestyle: Truth is, our health is directly dependent on the lifestyles we lead. Therefore, one’s lifestyle habits are also taken into consideration whilst calculating a health insurance premium. It is important to declare everything about you or your elderly parents honestly. Such as habits like drinking, smoking, etc. In case you don’t and when a claim is made, the investigation will automatically show the cause of the illness or condition and if it is due to a habit which was not declared, it may result in a claim denial.
  
• Pre-existing Diseases or Conditions: If any condition, ailment or injury for which there were signs or symptoms of or which has already been diagnosed within 48 months prior to the first policy issued by the insurer or renewed continuously thereafter, needs to be declared to your health insurance company at the time of buying or renewing a senior health insurance policy.
  
• Location: Every city and town are different from another. From traffic and pollution levels to overall lifestyle changes that can risk one’s health in different ways. Therefore, the location you or your elderly parents live is will affect your senior health insurance premium accordingly.

Consider the following factors before deciding on a senior health insurance plan: a. Claim Process & Settlement: When you actually have to make a claim, you want to make sure both the claim settlement process and ratio is easy and efficient. b. Customer Testimonials & Social Media Reviews: No matter, this is the ideal way to get honest feedback from people who’ve used the product themselves. The best way to do this is, look for testimonials, comments and reviews on the respective insurance provider’s social media channels. c. Network of Hospitals: One of the best ways to make a claim is through a cashless claim settlement. However, you can only avail this benefit if you use one of the insurance provider’s network of hospitals. Therefore, look at the number and kind of hospitals available with your desired insurance provider and decide accordingly. d. Add-on Benefits: Every health insurance will have add-on benefits you can customize in your plan. While looking for a senior health insurance plan, look at the add-ons available and decide on one that offers what you require. e. Sum Insured: Sum Insured is what you’ll ultimately get during a health insurance claim. So, make sure it’s good enough for you, given your health conditions financial feasibility.

Consider the following factors before deciding on a senior health insurance plan:

a. Claim Process & Settlement: When you actually have to make a claim, you want to make sure both the claim settlement process and ratio is easy and efficient.

b. Customer Testimonials & Social Media Reviews: No matter, this is the ideal way to get honest feedback from people who’ve used the product themselves. The best way to do this is, look for testimonials, comments and reviews on the respective insurance provider’s social media channels.

c. Network of Hospitals: One of the best ways to make a claim is through a cashless claim settlement. However, you can only avail this benefit if you use one of the insurance provider’s network of hospitals. Therefore, look at the number and kind of hospitals available with your desired insurance provider and decide accordingly.

d. Add-on Benefits: Every health insurance will have add-on benefits you can customize in your plan. While looking for a senior health insurance plan, look at the add-ons available and decide on one that offers what you require.

e. Sum Insured: Sum Insured is what you’ll ultimately get during a health insurance claim. So, make sure it’s good enough for you, given your health conditions financial feasibility.

Consider the two following aspects before deciding on a sum insured: a. Health Conditions: If you or your elderly parents already have existing health conditions or are less immune to illnesses, then choose a higher sum insured. Additionally, if there are hereditary diseases prevalent or the city, you’re residing in is over polluted, then pick a higher sum insured. b. Lifestyle: Our health and lifestyles are interrelated. Therefore, based on the kind of lifestyle you or your elderly parents are leading, choose a higher or lower sum insured. Know more about How to choose the Right Sum Insured for your Health Insurance.

Consider the two following aspects before deciding on a sum insured:

a. Health Conditions: If you or your elderly parents already have existing health conditions or are less immune to illnesses, then choose a higher sum insured. Additionally, if there are hereditary diseases prevalent or the city, you’re residing in is over polluted, then pick a higher sum insured.

b. Lifestyle: Our health and lifestyles are interrelated. Therefore, based on the kind of lifestyle you or your elderly parents are leading, choose a higher or lower sum insured.

Know more about How to choose the Right Sum Insured for your Health Insurance.

Our mental health is just as important as our physical health and that’s why, the Psychiatric benefit included in our senior health insurance policy covers senior citizens for any psychiatric support they may need.

Our mental health is just as important as our physical health and that’s why, the Psychiatric benefit included in our senior health insurance policy covers senior citizens for any psychiatric support they may need.

1. Stay active - One of the things many people stop doing as they age is, exercising! And honestly, that may just be the reason for many health conditions. Whether you’re reading this for yourself or for your parent- exercise is important. Even if it's something as simple as walking or even yoga. Exercising at least 15-20 minutes every day can make a big difference to one’s physical and mental well-being. 2. Eat healthy - Our diets contribute to 70% of our health. Ensure you and your parents are eating a balanced diet. Especially one with a lot of calcium and fiber. Avoid oily food, fried items and too many dairy products. 3. Focus on prevention - We all know, prevention is always better than cure 😊 So, go for that annual health checkup and always be aware of your health. Just being aware can help you prevent so many health risks and conditions. 4. Take care of your mental health - More than 50% of people more than 60 years of age go through some form of mental illness or the other. Take simple steps to maintaining positive mental well-being. This can be done through regular exercise, meditation, gardening, partaking a hobby, etc. Moreover, if your senior parent is showing symptoms of depression, anxiety or any other mental illness, visit a psychologist for the right treatment or counseling. 5. Go for that dental treatment - It’s common for senior citizens to have frequent issues with their oral health. Take that dental appointment and get dental checkups done regularly. 6. Stay connected with people - It’s no surprise that many senior citizens go through loneliness. At the end of the day, man is a social animal. In fact, more than anything else it’s important that they’re connected to people and are in company of their family members and friends. Something as simple as keeping healthy relationships can go a long way to benefit one’s overall health and well-being. 7. Rest well - Quality sleep can instantly boost one’s mood. Make sure you or your parents are getting at least eight hours of good sleep every day.  8. Quit Smoking - If you or your parents smoke, now may be the right time to stop. Smoking has never proved to be beneficial for anyone at any point of their lives. However, as we age, the effects only get more harmful for our bodies.  9. Read - There’s a myth that states as we grow older, our memories weaken. However, that’s only a myth and it all depends on how much you exercise your brain. Reading is one proven way to avoid illnesses like dementia and Alzheimer as it not only helps improve memory, but also helps in cognition, reducing stress, enhancing concentration and also boosting positive mental health and well-being. 10. Stay hydrated - Water! The most important drink of our lives. It's the ideal way to flush out toxins, maintain good health and, we’re not kidding but also keeps you happier! Ensure you and your parents are drinking at least eight glasses of water every day. The more, the merrier!

1. Stay active - One of the things many people stop doing as they age is, exercising! And honestly, that may just be the reason for many health conditions. Whether you’re reading this for yourself or for your parent- exercise is important. Even if it's something as simple as walking or even yoga. Exercising at least 15-20 minutes every day can make a big difference to one’s physical and mental well-being.

2. Eat healthy - Our diets contribute to 70% of our health. Ensure you and your parents are eating a balanced diet. Especially one with a lot of calcium and fiber. Avoid oily food, fried items and too many dairy products.

3. Focus on prevention - We all know, prevention is always better than cure 😊 So, go for that annual health checkup and always be aware of your health. Just being aware can help you prevent so many health risks and conditions.

4. Take care of your mental health - More than 50% of people more than 60 years of age go through some form of mental illness or the other. Take simple steps to maintaining positive mental well-being. This can be done through regular exercise, meditation, gardening, partaking a hobby, etc. Moreover, if your senior parent is showing symptoms of depression, anxiety or any other mental illness, visit a psychologist for the right treatment or counseling.

5. Go for that dental treatment - It’s common for senior citizens to have frequent issues with their oral health. Take that dental appointment and get dental checkups done regularly.

6. Stay connected with people - It’s no surprise that many senior citizens go through loneliness. At the end of the day, man is a social animal. In fact, more than anything else it’s important that they’re connected to people and are in company of their family members and friends. Something as simple as keeping healthy relationships can go a long way to benefit one’s overall health and well-being.

7. Rest well - Quality sleep can instantly boost one’s mood. Make sure you or your parents are getting at least eight hours of good sleep every day. 

8. Quit Smoking - If you or your parents smoke, now may be the right time to stop. Smoking has never proved to be beneficial for anyone at any point of their lives. However, as we age, the effects only get more harmful for our bodies. 

9. Read - There’s a myth that states as we grow older, our memories weaken. However, that’s only a myth and it all depends on how much you exercise your brain. Reading is one proven way to avoid illnesses like dementia and Alzheimer as it not only helps improve memory, but also helps in cognition, reducing stress, enhancing concentration and also boosting positive mental health and well-being.

10. Stay hydrated - Water! The most important drink of our lives. It's the ideal way to flush out toxins, maintain good health and, we’re not kidding but also keeps you happier! Ensure you and your parents are drinking at least eight glasses of water every day. The more, the merrier!