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Best Senior Citizen Health Insurance Plans in 2022 in India

Best Senior Citizen Health Insurance Plans in India-min

Medical expenses are skyrocketing. If one gets hospitalized, they need to pay hefty hospital bills. If the individual has crossed 60 years, it is even more painful as they would frequently get hospitalized due to illness with no income on the other side. Such high hospital bills can put dent to the retirement kitty. Here come Senior Citizen Health Insurance Plans. Such health insurance plans not only protect hard earned savings, but also helps to provide quality healthcare treatment. In this article, we would provide some of the Best Senior Citizen Health Insurance Plans in 2022 in India.

What is Health Insurance Plan?

Health insurance provides medical insurance coverage in case of emergency hospitalization. Gone are the days where health insurance plans used to come only for hospitalization expenses. New age health plans come with unique features which pays daily cash allowance, pre-health check-ups, air ambulance expenses reimbursement etc.

There certain criteria on how a Senior Citizens can choose a health insurance plan suitable to them.

Best Senior Citizen Health Insurance Plans in 2022 in India

Here is the list of Sr. Citizen Health Insurance Plans in India to buy in 2022.

#1 – HDFC Ergo – Optima Secure

#2 – National Health Insurance – Varistha Mediclaim for Sr. Citizens

#3 – New India Assurance Sr. Citizens Mediclaim Policy

#4 – Oriental Health Sr. Citizen HOPE Health Insurance Policy

#5 – Star Heath Sr. Citizen Red Carpet Health Insurance Plan

Top Senior Citizen Health Insurance Plans in India – Individual Plan wise details

Now that we have seen the list of Sr. Citizen health insurance plans, let us get into plan wise details.

#1 – HDFC Ergo – Optima Secure

Optima Secure Health insurance plan is from the HDFC Ergo General Insurance which has latest incurred claim ratio of 79.3%.

Here are the eligibility criteria and key features of this health insurance plan.

  • Minimum age of entry is 91 days
  • Maximum age of entry is 65 years
  • Cashless treatment available
  • Health Insurance plan with Lifelong Renewability
  • In-Patient Hospitalization expenses covered
  • Pre Hospitalization expense coverage up to 60 days
  • Post hospitalization expense coverage up to 180 days
  • Coverage of Rs 5 Lacs to 2 Crores
  • Restore benefit available which is Upto 100% of SI
  • Room Rent limit: Single A/c Private Room
  • For ICU Charges – No Limit
  • Day care Procedures are covered
  • Domiciliary hospitalization expense covered Upto SI
  • Free Health checkups every year
  • Ambulance Charges are covered
  • Pre-Existing Diseases coverage after 36 months
  • No claim bonus is equal to 10% increase in SI every year – Max 100%
  • Cash Benefit / Daily Allowance Up to 6 days
  • Air Ambulance expenses coverage Upto Rs 5 Lacs
  • Pre-Medical checkup required to take this plan
  • Health Insurance Premium paid is eligible for Income Tax Benefits u/s 80D

This is one of the best Senior Citizen Health Insurance Plan in 2022.

#2 – National Health Insurance – Varistha Mediclaim for Sr. Citizens

Varistha Mediclaim Senior Citizens Health insurance plan is from National Health Insurance which has incurred claim ratio of 101%.

Here are the eligibility criteria and key features of this health insurance plan.

  • Minimum age of entry is 60 years
  • Maximum age of entry is 80 years
  • Cashless treatment available
  • Health Insurance plan with Lifelong Renewability
  • In-Patient Hospitalization expenses covered
  • Pre Hospitalization expense coverage up to 30 days
  • Post hospitalization expense coverage up to 60 days
  • Coverage of Rs 1 Lac to 2 Lacs
  • Room Rent limit: 1% of SI per day
  • For ICU Charges – 2% of SI per day
  • Day care Procedures are covered
  • Domiciliary hospitalization expense covered Upto SI
  • Free Health checkups every year
  • Ambulance Charges are covered
  • Pre-Existing Diseases Waiting period is 48 months
  • Co-Payment 10% for Cataract and Benign Prostate and 20% wherever opted
  • No claim bonus is equal to 5% increase in SI every year – Max 50%
  • Cash Benefit / Daily Allowance 800 per day – Up to 6 days
  • Pre-Medical checkup required to take this plan
  • Health Insurance Premium paid is eligible for Income Tax Benefits u/s 80D.

This is one of the best senior citizen health insurance policy in India.

#3 – New India Assurance Sr. Citizens Mediclaim Policy

This senior citizen Mediclaim policy is from another PSU Insurer i.e. New India Assurance Company which has latest incurred claim ratio of 92.7%.

Here are the eligibility criteria and key features in this health insurance policy.

  • Minimum age of entry is 60 years
  • Maximum age of entry is 80 years
  • Cashless treatment available
  • Health Insurance plan with Lifelong Renewability
  • In-Patient Hospitalization expenses covered
  • Pre Hospitalization expense coverage up to 30 days
  • Post hospitalization expense coverage up to 60 days
  • Coverage of Rs 1 Lac to 1.5 Lacs
  • Restore benefit available which is Nil
  • Room Rent limit: 1% of SI per day – Max 25% of SI
  • For ICU Charges – 2% of SI per day – Max 25% SI
  • Day care Procedures are covered
  • Domiciliary hospitalization expense covered Upto SI
  • Free Health checkups every year
  • Ambulance Charges are covered
  • Pre-Existing Diseases Waiting period is 48 months
  • Pre-Medical checkup required to take this plan
  • Health Insurance Premium paid is eligible for Income Tax Benefits u/s 80.

This is another good health insurance plan from PSU insurer for Sr. citizens in India.

#4 – Oriental Health Sr. Citizen HOPE Health Insurance Policy

Another popular Sr Citizen Health Plan is Oriental Health Insurance Sr. Citizen HOPE Health Insurance Plan. This insurance company has incurred claim ratio of 112.5%.

Here are the eligibility criteria and key features of this health insurance plan.

  • Minimum age of entry is 60 years
  • Maximum age of entry is 80 years
  • Cashless treatment available
  • Health Insurance plan with Lifelong Renewability
  • In-Patient Hospitalization expenses covered
  • Pre Hospitalization expense coverage up to 30 days
  • Post hospitalization expense coverage up to 60 days
  • Coverage of Rs 1 Lac to 5 Lacs
  • Room Rent limit: 1% of SI per day – Max 25% of SI
  • For ICU Charges – 2% of SI per day – Max 25% SI
  • Day care Procedures are covered
  • Domiciliary hospitalization expense covered Upto SI
  • Free Health check-ups every year
  • Ambulance Charges are covered
  • Pre-Existing Diseases Waiting period is 48 months
  • Co-Payment is 20% for all plans.
  • No claim bonus is equal to 5% discount on renewal premium for every claim free year
  • Pre-Medical checkup required to take this plan

Health Insurance Premium paid is eligible for Income Tax Benefits u/s 80D

#5 – Star Heath Sr. Citizen Red Carpet Health Insurance Plan

Star Health Insurance is a standalone health insurance company which offers Red Carpet Health Insurance Plan for Senior Citizens. Star Health insurance has incurred claim ratio is 94.4%.

Here are the eligibility criteria and key features of this health insurance plan.

  • Minimum age of entry is 60 years
  • Maximum age of entry is 75 years
  • Cashless treatment available
  • Health Insurance plan with Lifelong Renewability
  • In-Patient Hospitalization expenses covered
  • Pre Hospitalization expense coverage up to 60 days
  • Post hospitalization expenses coverage up to Max 7% of SI or Rs 5,000
  • Coverage of Rs 1 Lacs to 25 Lacs
  • Room Rent limit: 1% of SI per day
  • For ICU Charges – 2% of SI per day
  • Day care Procedures are covered
  • Domiciliary hospitalization expense covered Upto SI
  • Free Health check-ups every year
  • Ambulance Charges are covered
  • Pre-Existing Diseases Waiting period is 12 months
  • 30% Co-Payment applicable
  • Pre-Medical checkup required to take this plan
  • Health Insurance Premium paid is eligible for Income Tax Benefits u/s 80D

Owning to several good features, Star Health Red Carpet plan is considered as one of the Best Health Insurance Plan for Senior Citizen in India.

Suresh KP

2 thoughts on “Best Senior Citizen Health Insurance Plans in 2022 in India”

  1. Thanks for the very useful analysis.
    Is the ranking of #1 or #5 best and recommended.
    Each one of the 5 you are telling as best and leaves the reader confused.
    A comparative table would have been very useful.
    Can you not tell this is the best and go for this?

    1. Hello Krishnan, Thanks for your comments. Based on the features, these are best health insurance plans in respective area. If any of your plans fit your requirements, you can consider relevant one.

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