Mediclaim policies for senior citizens above 65 years of age in India

Mediclaim for senior people over 65 years age provides essential healthcare coverage. It offers financial protection against medical expenses, including hospitalization, surgeries, and medication. It ensures peace of mind, access to quality healthcare, and timely treatment for age-related conditions. Choose a plan that suits their specific needs and enjoy a worry-free retirement.

Make money by posting Answer/Content to this topic

Add Content to this Topic
Author: Apurva Tamhane      Post Date: 04 Jun 2023        

Mediclaim policies for senior citizens in India are a "new thing" in the world of Insurance. Traditionally, senior citizens were getting insurance only if they had purchased it in their younger days. It has recently been possible to purchase insurance policies for senior people over 65 years of age. Only a few allow the age of entry into the policy above the age of 65. As per my knowledge, there are 2 insurance companies which provide Insurance for elderly people.


The three companies are as follows:


  • Star Health Red Carpet Health Insurance Policy

  • Aditya Birla Activ Care Plan

Star Health Red Carpet Health Insurance Policy


  • The official link to this policy is here: https://www.starhealth.in/health-insurance/red-carpet/

  • Entry age: A senior person or couple can avail of this policy in the age group of 60 to 75 years of age. The policy can be renewed until life continues to exist.

  • The sum assured under this policy is flexible. One can opt on under individual basis or on a self and spouse basis. 

  • The policy covers major modern treatments including oral chemotherapies, various major injections, and robotic surgeries. 

  • Pre-Existing diseases and their complications are covered only after 12 months of the policy, subject to the declaration of the same. If a disease may be declared in the second year of the policy, the coverage will begin only in the third year.

  • There is a compulsory 30% co-payment term for this policy. This means that whatever expenses may occur due to hospitalization, the individual will have to pay 30% of the amount. In other words, if the hospitalization expense is 1,00,000 INR, then the policyholder will have to pay 30,000 INR.


Aditya Birla Activ Care Plan


  • The official link to this policy is here: https://www.adityabirlacapital.com/healthinsurance/activ-care-standard

  • Entry age: A senior person or couple can avail of this policy in the age group of 55 to 80 years of age. The policy can be renewed until life continues to exist.

  • A unique feature of this policy is HealthReturns of up to 21%. One gets a 21% return on their annual premium. This amount can be used to pay for OPD and AYUSH treatments or as a discount on the next year's premium.

  • Senior citizens get comprehensive health check-ups and cashless treatments at home. 

  • Aditya Birla Activ Care Plan also arranges for a nurse to look after for 15 days worth up to INR 1500 per policy.

  • The policy also maps 586 essential daycare treatments which require less than 24 hours of hospitalization.

  • There may be other policies as well that provide Mediclaim and Health insurance for Senior Citizens. But do keep in mind, the insurance policies are generally costlier. Thus a cost analysis would be helpful to decide, whether to save the money on other immediately liquidable instruments to reap higher benefits in case of medical emergencies.

Find more Topics.

Point to Point!

Top Contributors

Today
    Last 7 Days

      more...

      Important Links

      Latest discussions

      More...

      Latest Articles

      Best Employee Rewards Platforms in India
      Discover best Employee Rewards Platforms in India. Explore the leading Employee Rewards Platforms in India that are revolutionizing the dynamics of workplaces.

      Scope of smm in digital marketing in 2024
      Social Media Marketing (SMM) involves using social media platforms to connect with your audience, build your brand, drive website traffic effectively, and increase sales or engagement or leads. It encompasses a range of activities aimed at creating and sharing and creative content on social media networks to achieve marketing goals and it gives you better results

      IOS-17.1.2 - 10 - Major Update Updates
      iOS 17.1.2 is the latest version of Apple's mobile operating system. It includes a number of new features and improvements, including a redesigned Focus Mode, enhanced Live Text, improved Visual Look Up, a new Weather app, updated Maps, a revamped Wallet app, enhanced Safari, a smarter Siri, improved Handoff, and general performance improvements

      More...

      SocialVillage QR Codes

      SocialVillage FB QR Code SocialVillage IG QR Code
      SV Facebook page SV Instagram page
      SocialVillage YouTube QR Code SocialVillage WB QR Code
      SV YouTube Channel SV Home Page

      About socialvillage.in

      SocialVillage is a vibrant online community where people from all walks of life connect, share, and grow. It's a virtual village buzzing with diverse voices and ideas, fostering collaboration and understanding. Users engage in dynamic discussions, explore various topics, and exchange knowledge. From heartfelt stories to insightful debates, SocialVillage thrives on authentic human interactions.

      General
      Our Social Circle
      Social Village - How To

      Digital Marketing by SpiderWorks Technologies, Kochi - India. ©