You should choose a senior citizen’s health insurance plan from an insurance provider that understands your insurance needs and fulfills your requirements. Below are the top 5 health insurance companies in India that offer senior citizens health insurance plans.
Star Health Insurance
Star Health Insurance is one of India’s most trust insurance providers that provide uniquely-designed Health Insurance For Senior Citizens who are above 60 years old. It has a claim settlement ratio of 90% and facilitates cashless treatment in more than 11,000 network hospitals.
The policies offer financial coverage against in-patient hospitalization expenses, pre and post-hospitalization costs, out-patient fees, pre-existing diseases, modern treatments, annual health check-ups, daycare procedures, domiciliary treatment, and other charges. Senior citizens are also eligible for tax benefits under Section 80D of the Income Tax Act, 1961, for premiums paid towards the policies.
The senior citizen Health Insurance Plans from Bajaj Allianz provide financial security and top-quality healthcare treatment during medical emergencies. It has an in-house claim settlement team that ensures a quick claim settlement process. If You can avail of tax benefits under section 80D of the Income Tax Act and cashless facilities at over 6,500 network hospitals.
The insurer’s policies are flexible regarding the sum assure and cover applicants above 46 years. The coverage is offer against pre and post-hospitalization expenses, daycare procedures, ambulance charges, pre-existing diseases, and other costs. The policyholder can also go for the cumulative bonus and co-payment waiver.
Oriental Insurance Company
Senior citizens aged 60 years or above are include under health insurance policies from Oriental Insurance. It covers nursing expenses, ICU charges, consultant fees, operation theatre charges, prosthetic device costs, diagnostic tests, and other charges. The insurer offers benefits, including cashless treatment, tax savings, domiciliary hospitalization, no claim bonus. A discount on premium for voluntary co-payment.
The insurance company’s incurr claim and settlement ratios are 113.86% and 93.96%. The policies are available from a sum insure of ₹1,00,000 and can be renewe lifelong. Accidental injury, cancer, knee replacement, stroke, cardiovascular diseases, chronic renal failure, and benign prostrate are some illnesses cover by the insurer.
National Insurance Company Limited
It is a well-reputed insurance company that safeguards senior citizens with the best health insurance at an affordable premium. Older people between 60-80 years can enjoy coverage benefits against domiciliary hospitalization expenses, in-patient hospitalization expenses, critical illness, pre, and post-hospitalization expenses, organ donor expenses, and pre-existing diseases like diabetes and hypertension.
Known for providing smooth settlement of claims, policy renewals, grievance redressal, and live chat support services, the insurer helps seniors have a stress-free life during retirement. It has a tie-up with 6,000+ network hospitals and offers health insurance plans with sub-limit and co-payment clauses. Some of the exclusions of policies are drug or alcohol use, self-inflicted injury, congenital external diseases, HIV or AIDS treatment. pregnancy or childbirth-related expenses.
New India Assurance Co. Ltd.
It is a leading insurance provide with an industry experience of over 100 years and has been rate AAA/Stable by CRISIL since 2014. It covers senior citizens against ICU charges, room rents, OT charges, specialist fees, cost of stents and implants, X-rays, chemotherapy, blood tests, surgical appliances, pre-existing conditions, alternative treatment, and ambulance charges.
The insurer has a dedicated customer support team and a claim settlement ratio of 92.68%. It has a network of 1,500+ hospitals and offers no claim bonus, complementary health check-ups, and policy renewals.
Whether you’re just starting to explore the world of senior health insurance or are an experienced agent. It is important to have a clear understanding of customer needs. With that in mind, we believe it is our responsibility to educate our customers on your choices. And help them select the best possible plan for them.