Senior Citizens Health Insurance

Clauses in this policy is also different. Someone must look out for co-payment clause in your policy document, which may differ from one another company

One should start investing in the health insurance policy as soon as you start earning money. Because health insurance had just picked up in recent years, many of our senior citizens will not be disbursed this policy when they were young. The insurance company has now come out with health policy for senior citizens as well.

But, this includes exclusive mediclaim for senior citizens which is slightly different from that for younger age groups. If fresh or renewal policy is very high cost. This is the cause of the higher risk factor for senior citizens, then the number of high premiums.

And sub-limits are very common in the policy. Most of these policies cover rental of space at 1% of sum assured ICU days and costs of 2% of sum assured. Overall limit is capped at 25% of Sum Assured for an illness or injury.

Another clause, to check for in clause pre-existing disease. When you apply for a policy must be clear and open about his condition, as if he has diabetes or blood pressure he might have mentioned the same thing. Insurance companies can cover the policyholder even after 2-3 years from the effective date of the policy. As in Varishta Mediclaim policyholders may be closed for 2 existing disease, diabetes and hypertension for an additional premium from the policy effective date.

Insurers such as National Insurance, offers a cover for the age group 60-80 years. This policy can be extended to 90 years with the increased cost of premiums.

Therefore, it is always advisable to invest in the health insurance policy when you are young as a minimal cost.