欧博abgHealth Insurance For Senior Citizen
1. What is a senior citizen health insurance policy?
Senior Citizen Health Insurance is a type of health insurance policy for people over 60 years of age that covers medical expenses and the cost of hospitalisation during medical emergencies. It offers a lot of benefits-such as preventive health check-ups, cashless hospitalization, coverage for pre-existing diseases, critical illness, and pre and post-hospitalization expenses and coronavirus treatment. However, read your policy document carefully to know about all the benefits.
2. Why is health insurance important for senior citizens?
Most forms of employment usually have an upper age limit, after which an employee is expected to retire. At the same time, as you grow older, your body begins to demand greater medical care, necessitating more frequent trips to the hospital. With each passing year, rising medical inflation also makes medical care more expensive. This combination of reduced income and increased medical expenditure makes health insurance a necessity for senior citizens.
3. Do I need to undergo medical screening before purchasing a senior citizen health plan?
Ideally, you should undergo a medical screening before buying a senior citizen health insurance plan. As this will help your insurer asses your condition and work out a plan that suits your needs. This will also give the insurer a better idea about the coverage and the premium that needs to be paid. Doing all these necessities in the beginning will also reduce the chances of rejection during a claim.
4. What is the right time to buy a senior citizen health insurance policy?
If you are 60 or beyond, you are considered to be a senior citizen by age only. Of course, you are much younger at heart and we hope you stay the same. However, while considering buying a senior citizen health insurance plan, we suggest you don’t delay it too much. You can buy them at 60, 70 or even 80. But remember, as you age, the premium on your policy can increase and you might also miss out on certain benefits. So, the sooner the better.
5. Does health insurance cost more as you get older?
Yes, it does. The reason being, as you age you can be prone to various diseases and illnesses. Also, with immunity, taking a dip, health emergencies could be a common occurrence. To ensure that you are adequately covered during such trying times, your insurer might charge a higher premium as you grow old.
6. Do senior citizens get continuity advantages if they port their senior citizen health insurance plans?
Most often, when one switches from one insurer to another, they get to enjoy many continuity benefits and add-ons. In most cases, it is the same with senior citizens as well. However, it might be slightly difficult for senior citizens to switch policies due to advanced old age and a high probability of sickness. But if you are unhappy with the services of your current insurer, you can do research for yourself to know about the benefits you can get in other policies or get your issues resolved with your relationship manager or customer care manager.
7. Do insurance companies offer free annual health check-ups under senior citizen health policies?
Yes, most insurance companies offer free annual health check-ups under senior citizen health policies. You can enjoy the same benefits with HDFC ERGO’s senior citizen health insurance plans too.
8. Are critical illnesses covered under health plans for senior citizens?
Yes, critical illnesses are covered under health plans for senior citizens. However, read your policy documents carefully to understand which critical illnesses are covered and for which ones you need to get a critical illness cover.
9. Do senior citizen health insurance plans come with individual or floater cover?
While you can opt for a family floater plan which covers all family members and senior citizens over the age of 60, it is wise to get individual cover for senior citizens which will promise comprehensive coverage for a larger sum insured against medical emergencies.
10. What if I am above 65 years of age, am I eligible for senior citizen health insurance?
Yes, you can buy health insurance even if you are above 65 years of age if there is no age limit at the time of entry in the policy. There is a lifelong renewability in health insurance policies. This is subject to terms and conditions of the insurance policy. It is advisable to plan for your financial independence and health expenses at an early age.
11. What does a pre-existing condition mean in health insurance?
Pre-existing condition as the name suggests refers to the medical condition or a health problem that an individual had before buying the health insurance policy. There is a waiting period associated with the pre-existing condition. The waiting period is a certain length of time after buying an insurance policy for which you have to wait to be eligible to use full coverage. Subject to terms and conditions of the insurance policy.
12. Do I have the option of paying health insurance premiums in installments?
Yes, you can choose among the options of monthly, quarterly, half-yearly, or yearly premium installments. However, this is subject to the option available in the chosen policy.
13. What are the entry and exit age restrictions for senior citizen health insurance?
For HDFC ERGO senior citizen health insurance policy, there is no entry and exit age restriction in my:health Suraksha Insurance - Silver Smart Plan. Subject to terms and conditions of insurance policy.
14. How do I calculate the premium for senior citizen health insurance?
The amount you pay monthly/quarterly/half-yearly/ yearly for your insurance is called the premium. You can easily compute the premium by using the premium calculator available on the website. Just fill in the basic personal details such as name, email ID, date of birth, etc. and click on calculate premium. Once done, the premium calculator will generate the premium amount.
15. Why should you opt for HDFC ERGO senior citizen health insurance?
Some of the reasons listed below highlight why you should opt for HDFC ERGO senior citizen health insurance policy.
Hassle-free claim settlement
5% additional discount on buying insurance plan online
15,000 network hospitals across India.
Lifelong Renewability
Pre & Post Hospitalisation expenses
Tax savings under Section 80D of the Income Tax Act
Minimum Documentation