senior citizen mediclaim policy
This plan offers a maximum coverage up to Rs. A Senior Citizen Health Insurance policy is a type of health insurance plans that covers individuals above the age of 60 years. *Tax benefit is subject to changes in tax laws. Get Domiciliary Expenses cover of up to 20% of the Sum Assured. The body becomes less immune and the illness caught them easily. While senior citizens and those with pre-existing conditions are at higher risk of the COVID-19 disease, all individuals need to safeguard their health and stop the spread by taking suitable measures. Budget 2018 amended Section 80D of the Income Tax Act which allows a deduction for medical expenditure incurred on senior citizens. These are the times where a plan like senior citizens Mediclaim comes to the rescue. A senior citizen mediclaim policy is a must have if you are planning an early retirement with regular pension or interest income from savings. Health insurance for senior citizen is one of the essentials which are must for their secured and stress free future. Please fill the details below and our policy experts will call you to help figure out the correct health insurance policy for your needs. 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. You will get a discount of 5% on the renewal premium if the last year is claim-free. With a senior citizen mediclaim, you’d neither have to compromise on the quality of the treatment nor have to worry about your finances. The cover for alternative medical treatment methods like Ayurveda and Homeopathy can be added to the policy plan as add-ons. Senior Citizens Red Carpet Health Insurance Policy The optimum policy for seniors over 60 years of age with several advantages. This insurance offered by both private and public sectors. There will be no reimbursement for the Out Patient Department Treatment and Dental Treatments. There is no need for any medical check-up if you are already insured with the health plan in the preceding three years. Key Features of Senior Citizen Mediclaim Policy, Benefits of Senior Citizen Mediclaim Plan, Eligibility Criteria of National Senior Citizen Mediclaim Policy, Tax Deductions under Section 80D of the Income Tax Act 1961. A Mediclaim differs from a health insurance in some ways. Ambulance charges are also covered in this. While most of the policy providers offer reimbursements, this policy offers cashless treatment wherein the hospitals directly deals with New India Assurance for the incurred expenses. As a non-senior citizen, you may buy a … So, you must explore the main features of this health plan. Any senior citizen who is 60 years old is eligible for National Insurance Varistha Mediclaim Policy up to 80 years of age. With useful features like complimentary health check-ups, no claim bonus (NCB), and an option to add common conditions like diabetes and hyper tension to the base policy, this policy stands unique in the market. Thus the maximum exemption amount can go up to Rs75,000/-, depending upon the number of covered members in the family. Written By: PolicyBazaar - Updated: 11 May 2020, Follow, like, tweet or post. Does this plan provide any discount to the customers? A senior citizen health insurance plan is designed to offer financial aid for medical treatments to individuals over 60 years of age in their hour of need. You can renew this policy throughout your life. Maximum of 2 adults can only be covered under one policy. This is when a senior citizen health insurance plan is needed. Today, there are numerous insurance companies which provide health insurance for seniors and all the policies come with different pros and cons. Pre-existing conditions like blood pressure, hypertension and diabetes are covered by this policy after a specific waiting period and after paying an extra premium. However, if the proposer already has a plan with New India Health Assurance, this medical check-up can be overridden. Expense for the Cataract Treatment is also covered in this plan. The benefits of this policy are divided into two sections. We Would love to interact with you, New India Assurance Senior Citizen Mediclaim Policy, Discovering Care Senior Citizen Health Insurance Plan for your Parents, The Vocabulary You need to Understand for Health Insurance Plans in India, Health Insurance for Paralysis Treatment in India, Handy Guide to Different Types of Medical Insurance in India, Best Health Insurance Plans for Senior Citizens. After a two-year waiting period, cover for pre-existing diseases will also be offered. Often, the … This plan covers the expenses related to hospitalization. 30,000. Vaccination, circumcision and inoculation are also not covered by this insurance plan. The maximum no claim bonus that can be accumulated under this policy is 30% of the sum insured. In order to be claim-valid, all surgeries and medical treatments should take place in India. Senior citizens who don't have a steady income will be unable to bear the cost of opportune and satisfactory health care. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. This check-up is done to determine any pre-existing illnesses or diseases. It covers pre-hospitalisation charges for expenses within 30 days before hospitalisation, Post-hospitalisation charges for up to 60 days after the discharge and the entire expense for in-patient hospitalisation. As New India Assurance comes with the backing of Indian government, the general public can also be a little more assured about the authenticity of this policy provider. Mediclaim Policy for Senior Citizens. (it has been increased to Rs 50,000 from A.y 2019-20) Health insurance for senior citizens in New India is offered to individuals who are aged 60 to 80 years. You can go for the National Senior Citizen Mediclaim Policy that is specially introduced for the individuals having the age of 60 years and above. Thus, sooner you get a Mediclaim policy, better the benefits would be. You will have to go through a Pre Medical Check-up if you are taking this policy for the first time. As per the IRDAI regulations, every health insurance provider now offers coverage … Co-payment is needed as per the policy terms for any claim except for the claim of Cataract and BHP. You can see the list of tests required before you are taking this plan and the terms and conditions. Standard T&C Apply. The age of the applicants must be 60 to 80 years, and customers who renew their policy without a break can avail benefits of the cover until they are 90 years of age. 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