A senior citizen health insurance policy covers the healthcare needs of senior citizens. These plans cover all medical expenses incurred by the insured person, including hospitalisation, day-care procedures, critical illnesses and AYUSH treatments. Some plans also cover domiciliary care.

We all know that as we grow old, our body becomes weak, and the risk of catching infections and illnesses increases. This fact, coupled with the rising healthcare inflation in our country, means that aged people may incur very high healthcare expenses during the golden years of their lives. And in the absence of a regular income, bearing these costs can become too complicated. That is why buying a health insurance plan for senior citizens is considered a wise move.

While buying a senior citizen health insurance policy, the first thing you need to look is the sum insured it's offering. It should be adequate to meet the high medical costs for the treatment of older people. It would be best if you also looked at the co-pay clause, deductibles, and sub-limits. Also, check for additional benefits like OPD cover, complementary annual health check-up, and the insurer's network hospitals. It would also help if you compare various plans online before choosing one for yourself or your family members.

It is subject to the underwriting guidelines of the respective company, and it depends upon the insured case. Once you take a quote on our site, we will evaluate your case based on your inputs. We may then suggest a medical check-up, and if all goes well, we will issue a health policy to you.

A senior citizen health insurance policy is designed to provide financial security to the elderly against unforeseen medical expenses. Hence, such policies safeguard their hard-earned savings from getting drained due to medical emergencies and even accidents. Additionally, senior citizens' health insurance policies provide certain tax benefits under section 80D of the Income Tax Act of 1961.

You should purchase a senior citizen health insurance policy as soon as you can. As you grow older, you may catch more illnesses which may result in increased premiums. Some insurers may even deny issuing a health insurance policy to the senior citizens after a specific age limit.

Yes. You can include parents in ICICI Lombard Complete Health Insurance family floater policy. For senior citizens, we may recommend a medical check-up (subject to our underwriting guidelines) and review medical history in depth.

It would help if you opted for a sum insured which must be adequate to cover all healthcare expenses you or your senior citizen parents may incur during a year. If your parents are already suffering from pre-existing illnesses or if they have a history of medical complications, you should go for a high sum insured, i.e., ₹10 lakhs or more. You should also consider your parents' lifestyle and personal habits while choosing the sum insured for their senior citizen health insurance policy.

The premium for a senior citizen health insurance plan is calculated based on the following factors:
- Age of the insured: As the insured person's age increases, the risk of health issues also increases. Hence, the premium goes up.
- Pre-existing diseases: If the insured person has no pre-existing conditions when buying the policy, the insurer may ask for a lower premium. Conversely, the premium may become high if the insured person has a pre-existing ailment.
- Lifestyle: If the insured person is leading a healthy lifestyle, the premium may be lower. On the other hand, habits like smoking, drinking, etc., may increase the premium amount.
- City of residence: The insurance companies usually ask for a higher premium from those living in metropolitan cities than those belonging to non-metro locations.