5 companies that offer health insurance for senior citizens in India

By Ambari Datta Gupta
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    Health insurance has become an important investment nowadays which protects you and your family. However, our parents who have become senior citizens may not have any coverage as the idea was not so common during their times. Still, you can buy healthcare insurance for you elderly parents and keep them protected in case any emergency occurs. Here are 7 companies that offer health insurance for senior citizens.

    Varistha Bima from National Insurance.

    Varistha Bima from National Insurance.

    Varistha Bima offered by National Insurance Company Limited is considered as a good plan for senior citizens where the maximum age limit for fresh entry is 80 years of age. It gives a cover of maximum Rs. 1 lakh for hospitalisation and Rs 2 lakh for critical illness.

    Apollo Munich offers Optima Senior.

    Apollo Munich offers Optima Senior.

    Optima Senior of Apollo Munich offers a maximum cover up to Rs. 5 lakh. It covers pre-exisiting diseases after 3 years of buying the policy. Co-payment on hospitalisation is applicable under this policy where the policy holder has to pay a certain amount on hospitalisation.

    Red Carpet of Star Health

    Red Carpet of Star Health

    The Age limit for this insurance is between 60 to 75 years of age. No pre acceptance of medical screening makes the policy attractive. Maximum cover limit is Rs. 5 lakh and all pre-exisitng diseases are covered after first year of buying the policy.

    Heart Beat from Max Bupa

    Heart Beat from Max Bupa

    One of the costliest insurance plan that has no age limit for enrollment in the policy. It has three variants silver, gold and platinum that offers flexibility to customers. Free health check up is available once or twice a year. The sum insured depends on the type of plan one buys.

    Silver Health Plan of Bajaj Allianz

    Silver Health Plan of Bajaj Allianz

    The maximum age limit for entry is 70 years in Silver Health Plan. Pre-exisiting diseases are covered from the second year of buying the policy under some terms and conditions. 20 per cent co-payment on hospitalisation is applicable if treated in hospitals other than network ones.

    Story first published: Friday, July 25, 2014, 10:56 [IST]
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