Who can Apply for Senior Citizen Health Insurance?
Health insurance has surpassed the age factor when it comes to securing yourself with adequate coverage. Due to aspects such as rising medical care costs and lifestyle disorders, even a healthy individual requires insurance. But what about senior citizens? Do they need to opt for health insurance? Yes! To avoid spending your retirement savings on treating age-related ailments or medical emergencies, senior citizen health insurance is a must! In order to help you choose the right insurance policy, you must first know the eligibility criteria. So, in this article, let us understand who can apply for senior citizen health insurance.
Eligibility Criteria for Senior Citizen Health Insurance
The eligibility criteria for senior citizen health plans may vary from one insurance provider to another. However, the basic criteria that one must fulfil are as follows:
- Individuals should be at least 60 years or above
- The individual should be a resident Indian
If you fulfil these conditions, you can opt for a senior citizen health policy without any trouble. Depending on the insurance company, there might be a maximum age cap applicable. But you can still compare various insurers to gain coverage.
Documents Required for Senior Citizen Health Insurance
Keep the following documents handy while applying for senior citizen health insurance:
- Birth certificate
- Aadhaar card
- PAN card
- Voter ID
- Previous health insurance plan, if applicable
Now that you know the eligibility criteria as well as the documents you must submit, let’s deep dive into why you require senior citizen insurance.
Why do you Require Senior Citizen Health Insurance?
Health emergencies can lead to emotional as well as financial stress. However, the last thing you would want after retiring is to spend your hard-earned savings on unforeseen urgencies.
- Annual Health Check-ups
Many insurance companies enable senior citizens to get their annual health check-ups done. Due to such regular medical screening, you can be on the safer side while minimising your out-of-pocket expenses with insurance. But some insurers might offer health check-ups after every two to three years, so make sure you go through the policy documents or contact your insurer for more details.
- Affordable Healthcare Facilities
By opting for a health insurance policy, you can gain access to an affordable healthcare facility due to cost-effective premiums. With the help of cashless hospitalisation available under most plans, you can stop worrying about the financial aspect of medical care! You can not only seek timely treatment but also prioritise your health and recover quickly.
- Extra Security With Add-on Covers
Add-on covers are additional elements that you can add to a health plan to enhance the coverage. Depending on the insurance provider, you might also get a choice to pick suitable add-ons such as a critical illness cover. Some insurers further maximise coverage by securing any pre-existing conditions with a waiting period. Thus, you can easily extend your health plan for 360-degree protection.
- Zero Worries
Now that you have opted for sufficient health coverage to safeguard any emergency, you can be worry-free about your medical needs! With a cover for hospitalisation expenses, alternative treatment, daycare procedures and more, senior citizen health insurance really does provide much-needed peace of mind. Hence, it is recommended to avoid compromising on your coverage and get the right policy!
Finally!
With this, you can apply for a senior citizen health insurance policy without any hassles. After understanding the importance of insurance, we hope you do not put it off any longer and make the right choice. Moreover, we recommend you compare various policies online to avail a suitable plan that provides enough coverage and fits your budget!