Best Indian health insurance for senior citizens

One needs to carry the following documents - Pre-policy medical check-up documents, Duly-filled proposal form, Supporting documents for any pre-existing condition, Age & Address proof.

This health policy entitles the proposer to avail tax exemption under section 80D of the Income Tax Act, 1961. You are eligible for an income tax rebate of ₹30,000 if you hold a mediclaim policy for senior citizens for your elderly parents. You can also avail am additional rebate of Rs. ₹5,000 for preventive health check-ups annually. As a senior citizen who is the proposer, this rebate is as high as ₹50,000 per year.

As a person advances in age, the frequency and severity of illness (propensity of falling ill) increases as well. Most individuals in this age group have no regular source of income apart from the pension/investment income/savings. That is the reason, getting a health insurance at this point of time becomes all the more critical.

Health insurance for senior citizens comes with medical check-ups, limited coverage and additional exclusions and co payment on claims. One should evaluate the coverage benefits, co payment, sub limits, exclusions on the plan before deciding on the optimum plan.

Yes, the proposer will need to go through medical test before buying a senior citizen health plan depending on their age, existing medical history, pre-existing conditions etc.. Hence, most of the insurance companies need the applicant to go through medical screening.

As per the normal procedure, the applicant bears the cost of medical test held prior of taking policy. All insurance companies arrange the appointment with their empanelled hospitals/medical labs for these tests and some of them refund a part of the medical expenses incurred by the applicant, if the tests are positive and the application is approved.

Claims should be submitted to the TPA of the respective insurance company except in cases where there is no TPA and the insurance company is doing in-house claim settlement. The toll free numbers/email ids will be available on the policy kit, e-health card, or on the insurance company website. You may also check out the same on eindiainsurance .

There are some insurance plans which offer this benefit to their policyholders (in terms of plan opted) once in a block of 2/3/4 claim-free years. Some insurance companies offer a health check up every year, irrespective of whether a claim is filed or not.