Best Health Insurance Plan for Senior Citizens

health insurance plan for senior citizens

One of the best ways to make aging parents feel cared for is to get them a good health insurance plan – particularly a senior citizens’ health insurance policy. These customized policies are critical for senior citizens, because it is assured that they are financially independent and well taken care of in the event that any health issues arise.Banner-280120With numerous senior citizen health insurance plans available today, comparing and choosing the best one can be a daunting and cumbersome task. To make sure you pick the best policy, it is imperative to evaluate all options and essential aspects, and make an informed decision thereafter.

Here are the important factors to consider while selecting a Best health insurance plan for senior citizens:

1. Age

Entry age: A critical aspect in a senior citizen’s health insurance plan is the age factor. Even the best features are far from useful if one cannot avail the health insurance plan in the first place due to advanced age.

Some insurers, especially in the public sector, offer health insurance plans for senior citizens in the 60-80 year age bracket. Certain other insurers have health insurance policies without any maximum entry age.

The best health insurance plans are those that allow entry even at an advanced age. Pick a plan that provides the longest coverage tenure, allowing entry at an advanced age, along with medical cover that goes on for a longer period.

Renewal age: This is the age or time untilwhen the health insurance policy can be renewed by the insured.

Certain health insurance plans allow renewal only until 80 years of age, following which the policy cannot be renewed.

This age limit for renewal varies between companies, so pick a plan that suit your requirements.

2. Sum insured

The sum insured or health cover is another vital consideration while selecting a senior citizen’s health insurance plan.

With advancing age, health risks increase and therefore senior citizens need higher health cover protection. Consider the right face value – higher the face value, higher the final coverage provided.

3.  Coverage

It is essential to ensure that the health insurance plan offers coverage for a broad range of illnesses, particularly critical illnesses, as their incidence increases with progressing age.

You must also thoroughly review all terms and conditions concerning exceptions, that is, the illnesses that the policy does not cover, especially the pre-existing medical conditions.

Hereditary medical conditions should be watched out for, such as diabetes, hypertension, etc.

The best health insurance plans for senior citizens offer maximum illnesses’coverage with minimum exceptions.

4. Pre-existing medical conditions

Defined in the health insurance policy itself is the waiting period before a claim can be made for a pre-existing medical condition.

This is a critical factor because the threat of illness and resultant hospitalization due to a pre-existing medical condition increases with age and is hence higher for senior citizens.

5. Broad hospital network

A senior citizen’s health insurance policy should ideally have a broad network of hospitals, including the good ones in their immediate vicinity.

This is particularly helpful when senior citizens need emergency medical care and/or hospitalization.

It is therefore necessary to opt for ahealth insurance plan that includes a wide network of hospitals specializing in a broad range of treatments.

6. Premium

Premiums are another important consideration while comparing health insurance policies for senior citizens. Because senior citizens are athigher health risk levels, insurance companies usually charge higher premiums.

Senior citizen insurance policy rates vary as per age. Other factors affecting the rates of such policies are lifestyle, family history, overall health, etc. Healthier senior citizens get better coverage at lower premiums.

Choose wisely by comparing the various senior citizens’ insurance policies that different insurance companies offer at varying premium rates. Keeping in mind the above-mentioned criteria, these comparisons/evaluations make it easier to choose a good health insurance plan with affordable premiums.

7. Co-payment clause

Health insurance policies for senior citizens have a co-payment clause that varies from insurer to insurer. A co-payment clause means that the insured has to share a part of the medical expenses they incur.


Listed below are some goodhealth insurance plans for senior citizens:

  • Reliance Life Super Golden Years Term 10 Senior Citizen Plan
  • Heart Beat (Silver) Policy – Max Bupa
  • New Jeevan Nidhi Plan– LIC
  • Varishtha Pension BimaYojana– LIC
  • Optima Senior Plan – Apollo Munich
  • Silver Health Plan – Bajaj Allianz
  • Senior Citizen Red Carpet Health Insurance Policy – Star Health


To get a good senior citizen’s health insurance policy in tune with your specific needs, it is advisable to consult an experienced financial/insurance advisor specializing in health insurance.

Retirement is the golden period of our lives, and having a good health insurance policy can make these golden years happy and stress-free.

Curated from 7 Health Insurance Points To Remember For Senior Citizens

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