Let us call you back. Just share your number for a call back in less than 15 minutes

We can’t proceed without your mobile number. Help us?
Sigh. We need the reason for call back to pick the right person for the job. Help us?

Is it super urgent? Call us on our Toll Free numbers

BTW, we respond to email queries with lightening fast speed. Send email instead?

Someone from the team will get back to you ASAP!


Oh! Just in case you still need our Toll free

1800 209 9970
Also schedule a callbackAlso send an email

Your Claim Assistance request has been registered with us.

We will contact you before 11am tomorrow.

If its an emergency, for immediate assistance please feel free to contact our Customer Support Unit on 1800 209 9960
For Health, Travel and Trm insurance claim, please contact us on 1800 209 9970 for Car and Bike insurance claims.

Health Insurance Plans for Individuals above 70 years in India

Buying health insurance for senior citizens of any age group is not only important but also very easy.

image title

With developments in the Indian Health Industry, health insurers are offering newer and better plans with attractive features. While a few years ago, health insurance plans for senior citizens was not available, now, more and more insurance companies are offering health insurance plans for senior citizens where individuals aged above 70 years can avail of the insurance plans. The market is currently flooded with a range of health insurance plans which are specifically designed for the geriatric population of India.

Absence of income post retirement and the rise of incidence of diseases in the older ages, have given rise to concerns among the population on how to bear the ever increasing medical costs incurred in the later stages of life. In such a scenario, senior citizen health insurance plans are a blessing for the common man, who can avail coverage in the older ages to take care of the rising cost of medical treatments commonly faced in the ripe old age.

The various senior citizen plans available in the market have certain common features which you should know before you venture to invest in the plans either for yourself or for your parents. Let us take a detailed look at the common features of senior citizen health plans currently available in the market.

• Co-pay clause – co-pay clause is usually applicable for senior citizen policies wherein the insurer insists on the claim being shared by the individual in a certain predefined ratio. The ratio usually ranges in the zone of 10-30% and defines the proportion of claim that is to be paid by the policyholder every time a claim is raised. For instance, a plan with a co-pay limit of 20% indicates that in case of any claim that arises under the plan, 20% of the amount of claim will have to be borne by the policyholder and the insurer will honour the rest 80% of the claim. So for a Rs.10, 000 claim under the plan, you will have to shell out Rs.2000 yourself and your plan will pay Rs.8000.

• Limits on Sum Assured – the Sum Assured available under the senior citizen plans is usually limited in amount. Since it is common knowledge that senior citizens present a higher risk of medical contingencies, insurers usually cap the maximum amount of coverage that can be availed. In general, the amount of cover granted ranges between Rs1-3 lakhs with an exception Star Health Insurance Red Carpet Plan.

• Pre-existing clause – as is common in other health plans, pre-existing conditions which mean that the ailments you are suffering from at the time of buying the plan is excluded from the scope of coverage for some years. This is called the waiting period and senior citizen policies also have a waiting period clause for the coverage of pre-existing diseases. The waiting period ranges from 2-4 years.

• Medical examination –senior citizen plans may include a compulsory health check-up of the individual before the cover is granted. This is done by the insurance company to assess the overall risk presented by the individual. The cost of the required medical examination may either have to be borne by the customer or the company or both in a specified proportion.

Besides the above features, almost all other features of the senior citizen plan are similar to those present in normal health plans. Now, it is time to spoil you with the choices of senior citizen health plans available in the market and the respective features of each. Though many companies have policies which cover senior citizens, here we have chosen 4 insurance companies that offer specially designed senior citizen plans. Let us take a look:

1. New India Assurance Senior Citizen Mediclaim Policy – A policy which can be availed by individuals aged 60-80 years and which can be continued till the individual reaches 90 years of age if the plan is continuously renewed with the company. The basic coverage includes pre and post hospitalization cost, ambulance charges, hospitalization expenses for illnesses and injuries to name a few. To know more about this plan click here

2. Star Health Senior Citizens Red Carpet Policy – A plan which you can avail if you are aged 60 years and above and till 75 years. The plan can be renewed continuously for the entire lifetime. The coverage includes hospitalization expenses including pre and post hospitalization, ICU charges, surgeon’s fees, etc. To know more about this plan click here

3. Tata AIG Medi Senior Plan – The plan can be availed by individuals aged 61 years and above with no maximum entry age limit. The plan provides inpatient hospitalization, domiciliary treatment, organ donor expenses and ambulance charges among others. To know more about this plan click here

4. Apollo Munich Optima Senior Plan – A plan designed for individuals aged 61 years and above. Among the list of coverage’s provided, the basic ones include in-patient treatment, pre and post hospitalization, day-care procedures, ambulance charges, etc. To know more click here

The following table lists a comparative analysis between the above mentioned plans for a quick reference:

Plan NameNew India Assurance Senior Citizen Mediclaim PolicyStar Healtd Senior Citizens Red Carpet PolicyTATA AIG Medi Senior PlanApollo Munich Optima Senior Plan United India Senior Citizens Healtd Plan
Entry Age60-80 years60-75 years61 years onwards61 years onwards61-80 years
RenewabilityTill 90 yearsLifelongLifelongLifelongLifelong
Sum Assured RangeRs. 1 lakhs or Rs. 1.5 lakhsRs. 1 or 1.10 lakhsNot mentionedRs. 2,3 or 5 lakhsRs. 1-3 lakhs
Coverage IncludedHospitalisation Expenses, Pre and Post hospitalisation, Ambulance Charges, Ayurvedic Charges, Unani or Homeopathic treatment upto a limitHospitalisation Expenses, Ambulance Charges, ICU Charges, OPD CostHospitalisation Expenses, Pre and Post hospitalisation, Ambulance Charges, Day car procedures, Domicilliary treatments, Organ donorIn Patient treatment, Pre and Post hospitalisation, Organ donor expenses, Day care Procedures, Domiciliary Hospitalisation expenses, Day care treatments, Ayush treatments, Domiciliary hospitilisation
Co-pay Ratio10%30%15%-30%15%-30%20%
Pre-existing waiting period18 months12 months48 months36 months48 months
Medical Examination RequirementMedical Examination is required before the policy is granted at the cost of the customer. The expenses will be reimbursed after a block of 4 claim free years.No medical examination is required before granting the policy.Medical Examination is required before the policy is granted 50% of the cost of which will be paid by the company on policy acceptanceMedical Examination is required before the policy is granted 50% of the cost of which will be paid by the company on policy acceptanceMedical Examination is required before the policy is granted 50% of the cost of which will be paid by the company on policy acceptance

This comparison table will help you build your confidence in buying the most suitable health insurance plan for yourself or your parents without ambiguity.

Talk to an expert

Health plans starting at Rs 6 / day

Please enter a valid phone number
Thanks! We will get back to you soon.

I hereby authorize Coverfox to communicate with me on the given number for my Insurance needs. I am aware that this authorization will override my registry under NDNC.

Aniket Thakkar
Written by Aniket Thakkar
He lives off TV shows, movies, junk food, comics and sarcasm. When he is not working as a freelance imaginary friend to other beings like him, he works as VP of Marketing at Coverfox.

Spread the love!