Do you know how many health insurance plans in India are exclusively available for senior citizens? General Insurance companies including standalone health Insurance companies offer 100s of insurance products for various segments.
However, when it comes to health insurance products exclusively offered to senior citizens, not many plans are available. No wonder, why it is hard to find the right health insurance plan for senior citizens!
Health plans for senior citizens are costly too.
According to IRDAI website, there are 26 General Insurance companies offering health insurance plans. There are also 5 standalone health insurance companies that offer health products only.
Following is an illustrative list of 15 health insurance products exclusively for senior citizens. Of these, 14 are health indemnity policies while one plan offered by Tata AIA is benefit based.
List of Health Insurance Plans for Senior Citizens
1. Star Health: Senior Citizens Red Carpet Health Insurance Policy
2. Universal Sompo: Senior Citizen Health Insurance Policy
3. Universal Sompo: CSC – Senior Citizen Health Insurance Policy
4. Universal Sompo: PoS – Senior Citizen Health Insurance Policy
5. New India Assurance – Senior Citizen Mediclaim Policy; Entry age (60-80 Y)
6. New India Assurance – New India Sixty Plus Mediclaim Policy; Entry age (60-80 Y)
7. New India Assurance: OneHealth Senior Health Indemnity
8. Magma HDI General Insurance – OneHealth Senior Health Indemnity
9. Tata AIA Life Insurance – Tata AIA Life Insurance Smart Health Shield Plan (Benefit based)
10. ICICI LOMBARD General Insurance – Golden Shield
11. National Insurance Co: National Senior Citizen Mediclaim Policy
12. Niva Bupa Health Insurance: Senior First
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13. Future Generali India Insurance: Future Varishta Bima
14. Bajaj Allianz Allianz General Insurance: Silver Health
15. HDFC ERGO General Insurance: Optima Senior
What should you do?
Getting health insurance in old age is costly and difficult. Therefore, you should try to buy health insurance for self and family as early as possible in your career.
(Source: Lok Sabha/Finance Ministry/IRDAI)
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