List of Health Insurance Plans for Senior Citizens With a Low Premium

If the current stream of rising fuel prices is giving you a hard time, a visit to the hospital will only make things worse. There has been a substantial rise in the field of medical expenses over the past few years. And given the constantly rising expenses, one can never be prepared enough. Not unless you opt for health insurance plans.

Fortunately, a lot more insurance companies are now providing health insurance plans for senior citizens. The same was not the case a few years earlier. Yet, the presence of various insurance companies and policies out in the market can be a bit overwhelming and confusing. 

There are a few parameters that you need to be aware of to decide on the right health insurance plans. These include the entry age, renewal age, waiting period for diseases, sum assured of the policy, co-payment clause, pre-existing diseases, and premium. While a policy with lower premiums is desirable, it should not come at the cost of inadequate features and benefits.

If you are looking for a medical insurance policy for senior citizens with a low premium, here are some of your best options.

1. National Insurance Varishtha Mediclaim

National Insurance is one of the more renowned insurance providers in the country. And its Varishtha Mediclaim policy is one of the most affordable ones as well. The policy offers good coverage and will mostly fit into your budget. Here are some of the key highlights.

• The policy covers expenses towards organ donation and domiciliary charges.
• Hospitalization expenses such as nursing, ICU, surgeon fees, drugs, etc.
• Cover for pre-existing conditions by paying a 10% higher premium.
• Mediclaim premium ranges between INR 4180 to INR 6890 and critical illness cover ranges between INR 2007 to INR 2288.

2. Star Health Red Carpet

Star Health has been at the forefront of offering pragmatic solutions for a while now. Its Red Carpet policy is another example of the same. With an entry cap of 65 to 75 years, it is a highly recommended policy for senior citizens. Here are some of the highlights.

• No medical tests for applicants.
• 30 day initial waiting period, where the policy does not offer any coverage.
• Pre and post hospitalization expenses of up to 7% are covered.
• Hospitalization expenses such as nursing, ICU, surgeon fees, drugs, etc.
• Premium ranges between INR 4450 to INR 18000.

3. Oriental Insurance Hope

The policy is ideal for anyone above 60 years. Highlights include.

• Cover for medicines, drugs, ambulance, ICU, doctor, surgeon, nurses, etc. 
• Get discounts for voluntary co-payment
• Premium ranges between INR 4500 to INR 29000

4. Bajaj Allianz Silver Health

The plan offers coverage for you as well as your spouse. Here are a few key highlights.

• Wide entry age of 46 to 70 years.
• Cover for pre-existing disease from the second year.
• The plan offers a family discount of 5%.
• The premiums range from INR 1995 to INR 29039.

The above are some of the better health insurance plans for senior citizens in the country right now. Based on your needs, you can choose any of them.