Senior Citizens Health Insurance - Buying Guidelines

It is a known fact that old-aged people are more susceptible to various diseases. And hence you must buy a health insurance policy for your parents and grandparents. Senior citizen health insurance is no longer a thing of the past or no more difficult to get. But, before you purchase a policy for senior citizens, these are the following tips that you need to keep in mind:

Age –

As with any other health insurance policy, age plays an important role while purchasing a policy for senior citizens. Some plans have a limitation set at 60, which means you cannot buy insurance if the person is more than 60 years old. But some plans offer entry age beyond 60 years. If you are buying a health insurance policy for any old-aged family member, the ideal plan is the one that has few restrictions related to entry age.

Sum Assured –

Senior citizens are always at risk of suffering from various health issues. Frequenting hospitals at that age is not uncommon either. That is why it is important the medical insurance for senior citizens has a higher sum assured. Having a decent-sized sum assured will help the person cover most medical treatments.

Illness Coverage –

An insurance policy that has comprehensive coverage for all sorts of diseases is the ideal type of policy for senior citizens.

Co-pay –

In a co-pay insurance, the insured pays a certain percentage of the claim, and the insurance company bears the rest of the amount. This feature benefits both the insurer and the insured.

Waiting Period –

When you buy a health insurance policy, it always comes with a waiting period. A waiting period can go up to 4 years depending on disease. That’s why it is important to get an insurance policy for senior citizens with the least amount of waiting period.

More Network Hospitals –

For senior citizens, it is important to opt for a policy that has a wider network than usual. Since any case with them is delicate, it is important that you don’t have to travel to far to treat them. An ideal health insurance policy is the one that has partner hospitals in almost every area.

IFFCO Tokio have over 7000 network hospitals. Find your nearest Cashless Network Hospitals

These are some basic guidelines that you must follow while getting a policy for your parents. Being mindful of these pointers will only get you the best available option for your dear ones.

Do You Know - You can increase your sum insured up to 1 Crore via a Top-Up plan from us. All you have to do is show your interest towards the best healthcare and our team will guide you with all the coverages, benefits etc.