For senior citizens a lot of time day-care procedures are required, the policy covers all the day-care treatments and surgeries that do not require 24 hours of hospitalization, 30 days of pre-hospitalization and post-hospitalization expenses are given in a lump sum, Claim for ambulance charges is also accepted, Sub-limits apply to certain specific illnesses. Is it worth buying Health insurance after a certain age? In-patient hospitalization expenses ( min. ; Wide Range of Sum Insured Options- The sum insured options for individual cover are Rs 1 Lakh to Rs 25 Lakh.And those who are looking for family floater coverage can choose between Rs 10 Lakh and the Rs 25 Lakh. 2) After claim is made for full policy amount, is continuation of the policy is permissible ? Beneficiaries Women, st/sc, LIG, EWS, Handicap, Senior Citizen of PMAY The main objective of PMAY is to provide good housing facilities to the common masses of the country. Dear Ganesh, No pre-acceptance medical test required. please advice, p.s: I am considering two seperate plans for them. Dear Suresh, 24 hrs.) Pre – existing disease = Hypertension FROM 2003. Kindly read: Dear Disha, My father is 54 years old and he is diabetic and under control always. Inspiring writings and I greatly admired what you have to say , I hope you continue to provide new ideas for us all and greetings success always for you..Keep update more information.. That’s why we offer you an array of flexible plans to protect your health. Request you kindly suggest and compare both plans at your expertise level. For 3rd Surgery I will get auto recharge amount to SI. Personal Finance & Financial Literacy Blog in India, Last updated: July 23, 2020 | by Sreekanth Reddy 181 Comments. Dear Rahul, The maximum age limit is 80 years to buy this online Varistha Mediclaim policy in India by National Insurance Company Limited and policyholders can renew it up to 90 years of age. Written By: PolicyBazaar - Updated: 17 December 2020, Follow, like, tweet or post. She is 50 years old and has been suffering from arthritis and cervical spondylosis since past 2 years. Retired Please suggest me the right health care plan with coverage between 3Lacs to 5 Lacs. Max: 75 years; Min: 1 lakhs; Max: 25 lakhs; 50% for pre-existing diseases. Health check-up expenses are covered. She is 64 years old. Yes, most of the Senior citizen plans do come with co-pay clause considering the risks associated with insuring elderly persons. Dear Mathew, I want a Senior Citizen Policy for my parents. Specially designed for Senior citizens from 60-75 years of age. Also I am having a kid of 3 years and wife who is 28 years – Please suggest. any one apply after policy issued any claim process or any problem ? Also, kindly read my article on ‘Super Top-up plans and their benefits‘. It is better not to depend totally on employer’s mediclaim. 1- 50 lakhs--Lifeline Elite Plan. Cheers! Please suggest which company should I opt for. There might be sudden requirement of financial help. My parents use SAIL Mediclaim till now – the network is just few hospitals in big cities. My father aged 66, had a head injury and was operated in 2006, although he’s fine now he still needs to go the psychiatrist thrice a year, and he’s under medications currently. I need advise on the best health insurance policy for my parents. Hi, Ex – Start health / ICICI Lombard / Apollo Munich has these kind of plans. Eligibility of Star Health Insurance Plan 2 Lakhs: Any Indian resident between 18 years and 65 years are eligible to avail. You may consider these plans. he is also psychaitory problelem for which he is on medicines.I DONT HAVE ANY EXISTING DESEASE, NOW PLEASE TELL ME WHICH POLICY I SHOULD TAKE. Can I raise this amount by another 2 lakhs. The plan has proved to be of great help to elderly people with the choice of good sum insured options. Above 80 65,500/-. Dear Naveen, Best Family floater health insurance plans. Consider diabetic specific plan offered by Star Health. Because after 60 years, cost of health premium increases significantly. You may check out Star health’s diabetic specific plan for your mother. Suggested reading : Consider these important factors when buying a health plan, I want advise for Mediclaim Policy for my Parents only.My father is 83 year old and Mother is 78 years.My mother father are Fit . Also read : Super Top up plans & their benefits. Individuals between the age group of 60 and 75 years of are eligible to get coverage under Star Red Carpet senior citizen health plan. In that case, is it better to have a separate investment earmarked for health situations rather than having a costly health plan? I am 35 yrs old having 5 yrs and 7 months old kids with 64 yrs old mother , Pls suggest me the best health plan for my mother and 4 me. I am 23years old and working for an MNC.I have a very little idea about health insurance plans. 3. 5. They also have diabetic specific plan. If the company issues the policy based on this information then I don’t think there will be any issues if claim happens. 3 Lacs for an individual customer as below; 46-50 9,600/- Minimum Entry Age: 60 years of age: Maximum Entry Age : 75 years . I believe it is tough to get a plan which covers diagnostics too. Kindly read my post – Best portals to compare health insurance plans. Dear Dibyendu , Star Health Insurance – Senior Red Carpet Plan. * Best Portals to compare health insurance plans. I need your suggestion, i earlier had star medical insurance for my mother (now aged 53yrs), i forgot to pay the premium (more due to financial reasons) and later i re-checked on the eligibility to continue on the same, it was allowed and i sent the payment. I am a salaried person. Thus,in my fathers case atleast once copayment clause will come on his 65th year. Angioplasty done in 2000. Thanks for the information. My Dad is 66 years old and my mother is 60 years old, both are fit and fine no Sugar or BP. My mutual fund portfolio. Ans:Senior citizens who 60 years to 75 years of age can buy this health plan. My mother is 64 and without any pre existing illness. I am looking for a good Mediclaim policy for my father (age 61, retired) with sum insured till 5 Lacks. The plan has proved to be of great help to elderly people with the choice of good sum insured options. I have been reading your blogs/posts on Insurance plans/money saving/investments etc , I found it quite interesting & valuable, Pls. On an average, the medical costs are rising around 15% to 20% every year. Certain list of diseases or ailments are not covered for first 2 years. Maximum entry age 75 years: 1. 3-18 lakhs. Plan Name Age criteria (Years) Sum Insured (Lakh Rs.) Dear Rupali, However, these plans have complex terms and conditions such as pre-existing illness waiting period, inclusions and exclusions, high co-pay limits (in case of Star health, it is as high as 50% in some cases) besides exorbitant premium. Please suggest one which could be suitable. Dear Hafeez, For LIC Term Plan of 50 Lakhs, the amount of premium is calculated by the insurance company taking into consideration various factors. Can you suggest any good health advisor’s in Hyderabad. Best Portals to compare health insurance plans. Yes, Star has 80:20 co-payment clause. Senior Citizen Insurance Plan: Hospitalisation and nursing expenses up to 1% of sum insured is coveredAll doctors and intensive care charges are covered. While in Religare in case of 2nd surgery (for different ailment) recharge benefit automatically reinstates the basic sum insured even if you have not exhausted your base sum insured. From the 3rd year. You may consider taking a Senior citizen plan from Govt (PSU) general insurers. Thanks in advance. I had purchased health insurance for my parents as advised by my health insurance advisor, Live Assured. The policy covers pre-existing diseases from the second year onwards and carries lifelong renewals. 15% of Total Cost + 25% of other charges Within 22 months of booking or on casting of 8th floor roof whichever is later. Take separate policies for your parents. I have couple of questions. Most of the Sr.Citizen plans do have Co-pay clause and sub-limit clauses. Dear Anurodh, Interesting fact is, Indians pay around 75% of their medical expenses from their own pocket. If you require any suggestions or more information then kindly leave a comment. And a policy which will cover them as early as possible. Most of the Sr.Citizen plans do have Co-pay clause and sub-limit clauses. 2. Dear feroz, It is advisable to have an individual health insurance plan for parents. I want to know with the given conditions & age which type of Mediclaim policy should i go for which can cover the pre-existing disease with minimum co-pay and the best one. Does red carpet plan cover medical consultation costs? I want to buy a good Health insurance for 5 lac for both my parents. Best Health Insurance Plan for Parents (Senior Citizen) #9. Co-payment clause â 30% for other than claims for pre-existing diseases and 50% for pre-existing diseases. Star Senior Citizens Red Carpet is a health insurance policy offered by Star Health Insurance Company. But it is advisable not to depend on your employer’s cover totally. Yes, it is advisable to buy independent plans for all of them. This is a good policy providing coverage at reasonable rates. 1 – Consider any plan from the above list (preferably PSUs’) ... 7.5 and 10 lakhs. if so will the premium increase? * critical illness cover I narrowed down on Iffco Tokio based on my need and Claim Ratio but after callling them multiple times for initiating the medical did not get any response. 15-20 lakhs under family floaters – but the premium and co-payments are high. Coverage for all pre existing disease after 12 months from the date of commencement of policy. Opting which option will be more beneficial in my case and how? 3 – Kindly go through my article on best term insurance plans. she has high bmi only and not any other pre existing diseases. My wife and I also have separate, individual health covers apart from employer covers. So, irrespective of whether your employer offers or not, it is advisable to buy health insurance for your Senior Citizen parents. Get Protected upto 25 Lakhs on Individual and Floater basis. There is a health insurance plan for seniors called Optima Seniors from Apollo Munich especially designed for seniors. If you have mentioned and provided all the required information (accurately) in proposol form(s), do not worry about the claim(s). Evaluate these 11 vital factors before buying a medical insurance plan. 2) Health insurance – Which insurance should I go with ? Ans:Yes, it covers out-patient medical consultation costs in a Star Health Network Hospital. Thank you for sharing your views. This plan has certain Sub-limits and Co-payment clause, kindly go through the Policy T&Cs. The product offered by the Citibank is Royal Sundaram’s Health Forever. Prateek – Star health is a decent company. The beneficiaries of the Awas Yojana will get housing loans and other assistance for building pucca houses. Best Health Insurance Portals to compare health insurance plans. Appreciate your analysis and home-work. Dear Sandeep, Sapan kumar Singh. Thanks in advance If you own the Senior Citizen Red Carpet Insurance policy of Star Health, you can get the coverage for in patient hospitalization expenses for a minimum of 24 hrs. Informed clients can take better investment decisions. best portals for comparing Health insurance plans, Health insurance plans comparison websites, Top up & Super Top up health insurance plans, Latest Post Office Small Saving Schemes Interest rates Jan â Mar 2021 | Q4 of FY 2020-21. Consider Star health’s ‘diabetic specific’ plan for your mother and for your father pick any plan from the above list. Donât depend entirely on health insurance plan alone! Kindly understand them and opt for a good plan. I was wondering if you could help me in zeroing on a senior citizen health insurance for my parents which provides a good non-network coverage as well. levels in control , no other related issues. 2) I want to invest money in SIP , I am new to this investment pls. For Rs 5L Sum Assured, the premium is Rs 18,000. Is it fine? I am looking for a mediclaim policy for my mother, She is 62 years of age. They do not have any pre existing conditions. Limits of Cataract revised. Cumulative bonus of 10% on Sum assured can be accumulated for every claim free policy year. Else, take family floater plan right now (Example – Star health’s Family optima, or Max bupa’s Heartbeat Family Floater). Senior Citizen Red Carpet Health Insurance Plan. I am 63 years old and my wife is 62 years old. But request you to provide unbiased advice to your clients. Regarding my parents plan, could not find a plan which covers for cataract surgeries. Please inform me. Because of our travelling etc we could never get down to make a Health Insurance. Great effort. You may also check out Star health’s ‘Red Carpet’ plan. Dear Neha ..It does not matter. Cheers! 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