What is Senior Citizen / Retirement Health Insurance?

Senior Citizen or Retirement Health Insurance is a type of health insurance policy specifically designed for individuals typically aged 60 years and above. This insurance provides financial protection against medical expenses that may arise due to illnesses, injuries, or health conditions during the later stages of life, when health risks are higher.

These policies aim to cover hospitalization costs, medical tests, surgeries, doctor consultations, and sometimes even pre-existing diseases, depending on the plan and waiting period.

Key Features of Senior Citizen / Retirement Health Insurance

• Available for individuals usually between 60 to 80 years of age (entry age may vary by insurer).
• Covers hospitalization expenses, pre- and post-hospitalization costs, and sometimes critical illnesses.
• May offer cashless treatment at network hospitals.
• Higher coverage for pre-existing conditions (after waiting period).
• Options for lifelong renewability.
• Tax benefits under Section 80D of the Income Tax Act (India).

Senior Citizen / Retirement Health Insurance

Special plan for individuals aged 60+ covering age-related health risks.

• Routine diagnostics
• Covers treatment at home if hospitalization not possible
• Covers diseases like diabetes, hypertension

Add-ons

• Annual Health Check-up
• Domiciliary Treatment
• Pre-existing Illness Cover

Benefits

• Preventive health monitoring
• Convenience and safety
• Essential for older age groups