COVID-19 has affected people of all
ages and put them in worry. Those who have recently retired, although they do
not have any health problems, but are worried about the way the COVID-19
infection is spreading. A major reason for the retirees' concern is that they
are not getting any health insurance at the age of 65. Is there any health
insurance available for senior citizens?
Health insurance
The number of health insurance in the
hierarchy of financial needs precedes that of life insurance, but most people
reverse it. Considering the rapid increase in the cost of health care, nowadays
youths take some basic health insurance policy immediately after joining a job
or starting employment. This trend has increased in the last few years and
people want to run it for a lifetime because we do not know when our health
will start falling and we will have to be hospitalized. In such a situation
financial help in the form of health insurance can be very useful and it can
also provide relief from future health concerns.
Basically, any health insurance pays
the policyholder the expense of hospitalization for health reasons. This
requires hospitalization for at least one day due to heart attack, serious
injury or any such disease or health problem, including corona infection.
Different insurance companies have different terms and conditions, but one
thing is the same that a health insurance policy can be availed only when you
are hospitalized. In the beginning, you can take a health insurance policy of
two to three lakh rupees. It is possible to have a medical examination before a
policy is given, however, it depends on your age.
Health Insurance Policy for Senior Citizens
Health insurance policies have been
steadily improving and many speciality health insurance policies are available
today. For example, a policy related to critical illnesses, which is applicable
only if the policyholder has a stroke, heart attack or any other serious
illness. Special policies covering cancer and diabetes are also available.
Similarly, there are special policies for senior citizens, which are only for
people 60 years or older. It also costs more, as it covers the risk associated
with the elderly person.
Some senior citizen health insurance
policies come with the special facility of co-pay. In a co-pay health insurance
policy, a part of the claim has to be paid to the policyholder. For example, in
a 20 per cent co-pay policy, the policyholder will have to bear 20 per cent of
the bill payment himself. If there is no health insurance policy, this is a
good option.
They should explore the option of
individual health insurance policy and take a policy of up to five lakh rupees
for themselves. It will be a bit expensive, but they can find affordable
alternatives. If it is financially burdensome or does not meet their needs,
they can take a health insurance policy covering the entire family, with their
parents and their wife insured in a policy is. It is called a family floater
policy and since it covers all four risks, it has limitations. First, try to get
a personal policy for the parents and it is not possible, and then choose the
option of family floater policy.
Many health insurance companies offer
useful health insurance for elderly such as;
-Bupa Healthcare
-Star health senior citizen red
carpet
-Religare senior citizen health insurance
premium
-Aditya Birla mediclaim
-HDFC ergo senior citizen
-Bajaj Allianz senior citizen health
insurance
-Tata AIG senior citizen health
insurance
-ICICI senior citizen health
insurance
-SBI health insurance for senior
citizens
-Chola health insurance
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