Best Senior Citizen Health insurance Plans

Best Senior Citizen Health insurance Plans

Health insurance for senior citizens or parents is a must, considering the rate at which the medical expenses are rising every year. On an average, the medical costs are rising around 15% to 20% every year. Interesting fact is, Indians pay around 75% of their medical expenses from their own pocket.

In last few years, I have seen many companies (employers) stopped offering health insurance coverage for employee’s parents. So, irrespective of whether your employer offers or not, it is advisable to buy health insurance for your Senior Citizen parents.

Why health insurance for Parents?

  • The medical costs are increasing more than the average inflation rate.
  • Parents may have limited income or unstable income after their retirement
  • Parents may be financially dependent on their heirs
  • They are easily prone to illnesses or accidents. There might be sudden requirement of financial help.
  • Their employer’s health insurance policy might be ceased to exist after retirement.

If you are living with dependent parents who are aged above 60 years then buy individual health insurance plans instead of family floater plan. In family floater plans, the age of the oldest family member is considered in determining the premium rates.

Terms to watch out for in a Senior Citizen’s Health Insurance Plans:

Senior citizen health insurance plans

  • Co-payment clause: Co-payment means the policyholder will bear a specified percentage of the claim amount. For example, in an 80%-20% clause, the policyholder will bear 20% of the cost and the remaining amount (80%) can be claimed.
  • Sub-limit: Health insurance companies may specify limits for certain illnesses or treatments. For ex: the policyholder can claim only Rs 20,000 for a cataract operation but the policy sum assured might be Rs 3 Lakhs. The policies without sub-limits are better but charge high premiums.
  • Pre-existing diseases: You need to check if the existing diseases are covered by the policy. In some policies all the existing diseases may be covered and in some the policy holder has to wait for few years before making a claim.
  • Waiting Period: The policy holder has to wait for certain period of time (in most of the cases it is 30 days) before claiming any expenses.
  • Alternative Treatments: Some policies also cover alternative treatments such as homeopathic, ayurvedic etc.,
  • Critical Illnesses : You need to check if the plan covers any critical illnesses and if there are any respective sub-limits.

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Top 5 Best Senior Citizen Health Insurance plans in India

Below are some of the popular and best Senior Citizen Health Insurance Plans in India;

  1. HDFC Ergo myHealth Suraksha Plan
  2. Star Health Senior Citizen Read Carpet Plan
  3. Max Bupa Health Companion
  4. ICICI Lombard iHealth Plan
  5. Religare Care-9 Plan

Below are the salient features of best Mediclaim policies for Sr Citizens;

HDFC Ergo my : Health Suraksha 

  • This plan provides multiple high sum assured options Rs 75 lakh to Rs 5 crore.
  • All pre-existing diseases are covered except for diseases for which treatment was recommended by or received during the immediately preceding 36 months.
  • No room rent capping.
  • With sum insured rebound cover, the policy holder can get additional sum insured upto the base sum insured even if your existing sum insured exhausts.
  • Free health check-up every year.
  • Cash-less facility for home-care treatments is also available.

Star health’s Red Carpet plan:

  • All pre-existing diseases are covered except for diseases for which treatment was recommended by or received during the immediately preceding 12 months.
  • Constant premium with lifetime renewals guaranteed.
  • Co-payment clause – 30% for other than claims for pre-existing diseases and 50% for pre-existing diseases.
  • No pre-acceptance medical screening is required. But, a discount of 10% on the premium is available if lab tests documents are submitted.
  • Enhancement of SA is permitted during renewal time.

Max Bupa’s Companion Plan:

  • This plan provides coverage on individual basis and also for u pto 19 relationships.
  • For Sum Assured of above Rs 5 lakh, all pre-existing diseases are covered after 36 months of continuous coverage.
  • This plan comes with multiple Variants with coverage of up to Rs 1 crore.

ICICI Lombard’s iHealth plan:

  • No mandatory sub-limits. However the customer can get the hospitalization cover with a reduced premium by limiting the medical expenses pertaining to specified medical and surgical procedures.
  • Co-payment clause is voluntary.
  • Free health check up every year.
  • Certain list of diseases or ailments are not covered for first 2 years.
  • Cumulative bonus of 10% on Sum assured can be accumulated for every claim free policy year.

Religare Care Plan for Senior Citizens :

  • No pre-policy medical check-up.
  • Annual health check-up for all insured person
  • 20% co-payment clause on every claim under senior citizen plan, rest will be paid by the insurer.
  • Care for Senior citizen health insurance offers 10% increase in Sum Insured for every claim-free year.

Tax exemption for Health Insurance U/S 80D :

The below limits are applicable under Section 80D for Financial Years 2019-20 & 2020-21 (or) Assessment Years 2020-21 & 2021-22.


When it comes to health insurance, there is no one-size fits-all plan that you can rely on. Medical Insurance is a contract based policy with legal jargon thrown in. Besides this, a Health Insurance policy has medical terminologies. Of the numerous medical insurance plans in the market, you may find that each one is unique in some way or the other, with its own benefits and limitations.

Kindly note that having a health insurance plan is not the end of your ‘medical insurance’ planning. In fact, it is your first-line of defense only. Considering the ever-increasing medical treatment expenses in India, you have to plan for having an Emergency fund for unforeseen consequences. Don’t depend entirely on health insurance plan alone!

Hope the above information will help you in deciding the best health insurance plan as per your requirement. If you require any suggestions or more information then kindly leave a comment.

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  • V Krishnamurthy says:

    An excellent education to novices. Great effort.
    Three queries:
    1) The maximum limits for senior citzen plans are low. In case if two policies are taken from two insurance companies, can we claim from both the companies ? what is the method ? Suppose policy with X company is for 2 lakhs taken first and policy with Y company for 3 lakhs later. If the claim is for 6 lakhs can i claim from both companies separately ? if the claim is 3.5 lakhs how to apportion the claim from first policy taken and the policy taken later. If the claim is less than 2 lakhs is the claim is to be made on X company only as it is the policy taken first.
    2) After claim is made for full policy amount, is continuation of the policy is permissible ? if so will the premium increase?
    3) Are Top up of insured amount is permitted in all policies or is it as per the policy of the companies concerned.
    Regards Mr. Reddy gaaru,
    V Krishnamurthy

  • Gaurav says:

    Hi Sreekanth,

    My wife and I both have covered my mother under our employers’ medical insurance plans.
    Do you think it is still essential to buy a separate health insurance cover for her? She is 64 years old.
    My wife and I also have separate, individual health covers apart from employer covers.


  • Gowri says:

    Inspiring writings and I greatly admired what you have to say , I hope you continue to provide new ideas for us all and greetings success always for you..Keep update more information..

  • swapna says:

    I intend on purchasing health insurance for my parents (Father-63 and Mother-60), a portal has suggested Religare Care Freedom plan. Would you recommend the same? please advice

    p.s: I am considering two seperate plans for them

  • Kamal Kishore Nawani says:

    Hello Sir,

    I want advise for Mediclaim Policy for my Parents only.My father is 83 year old and Mother is 78 years.My mother father are Fit . Which Mediclaim policy is best for them.Could you please suggest me best options for me?. I have my policy from my office

    Thank You.

  • Shyam says:


    Can you please let me know what should be the ideal cover for parents / senior citizens (both aged 60). The premiums keep rising with the age. So should we also have Super top up over and above this, if yes, then how much.

    • Dear Shyam,
      Very touch to suggest on ‘how much cover’…
      depends on your affordability, current medical condition, family medical history, sources of income, financial profile etc.,
      Must have is Individual mediclaim (can consider Sr Citizen plans) and then can surely consider a Super top up plan.

  • Jignesh Shah says:



    I am planning to buy health insurance plan for my family which covers my parents as well who are of 61 years.

    Please help me with comparisons of various plans.

    Thanks & Warm Regards

  • Raju says:

    I am 60yrs 4 months. Wife is 51 yrs 1 mth. I have only BP and sometimes backpain. Wife has Hypothyroid and Recently mild Diabetic diagnosed. I HAVE retired few months ago. Wife is a homemaker.
    Is a health insurance MUST? , & if yes, suggest a very good company, ,not costly health cover. And suiable cover for both.

  • Manoj Kumar says:

    Hi Sreekanth Reddy,
    thanks for the article it was really useful but in my case my parents dont hold any insurance policy as of now. my father is 60 yr old(had open heart surgery 7 yrs back and sugar) and mom 52 years(has knee problem).so i am looking for a really good sum which will help me out if there is any emergency for my parents .can you please share plans according to that.
    Thanks in Advance .


  • Arjun says:

    Hello Sir,

    I want advise for Mediclaim Policy for my Parents only.My father is 62 year old and Angioplasty was done to my Father before 3 months.My mother is Fit and 54 year old. Which Mediclaim policy is best for them.Could you please suggest me best options for me?.

    Thank You.

    • Sreekanth Reddy says:

      Dear Arjun,
      You may consider two separate mediclaim plans for your parents.
      Your father may consider Cardiac specific health insurance plans, for ex; STAR health’s ‘Star Cardiac care’.

  • Dibyendu says:

    Hello Sreekanth,

    Thanks for writing the article with brilliant analysis. I was wondering if you could help me in zeroing on a senior citizen health insurance for my parents which provides a good non-network coverage as well. My father is 66 and mother is 58. My parents use SAIL Mediclaim till now – the network is just few hospitals in big cities. I am looking for the best plan with non-network coverage so that my parents who live 150km away from Kolkata don’t have to run to Kolkata for everything. Could you please give some advice?


  • Krunal Desai says:

    Hello Sir,
    Seen your blog for Senior citizen health plans
    I have query on the same… please bear with me since query would be bit long.

    I am looking for my father health insurance plan – current condition and benefit:-
    Age = 62 yrs
    Pre – existing disease = Hypertension FROM 2003.
    Holding New India Assurance policy from 2004 with SA 1lac plus 30k accumulated bonus

    I am looking for private health insurance plans and being confused in two plans offered by companies for SA = 7 lacs
    Max bupa- Heart beat individual Gold plan , Premium amt = 43,729 (SA=7.5 lac)
    ICICI – Complete health Insurance plan , Premium amt = 34,773 (SA=7 lac)

    Common Features:- Lifetime renewal,Pre and post hospitalization benefit, No copy and No sublmit,
    Pre-existing diease covered after 2 years, Free annual health check up,No claim bonus of 10% on every renewal,day care treatment
    Good network hospitals all over india,Covers ambulance charges

    Differences :- In Max bupa irrespective of claim 10% bonus is accrued till 5 years (thus,SA will increase by 50%)
    but no such facility in ICICI CHI Product.
    In Max bupa policy taken after 65 years Co pay applies and gets reduced after Every year till 4 policy renewal year. Thus,in my fathers case atleast once copayment clause will come on his 65th year.

    Request you kindly suggest and compare both plans at your expertise level. Please advise if i want to look for any other product.Thanks

  • Hafeez says:

    Hi Sree ,

    I ‘m looking for a health insurance for my father with recurring illness where the pre existing illness should be covered with in a month.

    Coverage for : Parent ( Father )
    Coverage Limit : 5 to 7 Lac
    Illness : Liver Cirrhosis


  • Tara says:

    Hi Srikanth

    I have heard about apollo munich tie up with canara bank providing health insurance for parents with premium around Rs.15000 annual for coverage upto 7lakhs.
    while pre existing diseases are covered only after 3years, other conditions seem satisfactory like
    * situations such as joint replacement surgery waiting upto 1 year.
    * tax benefit
    * critical illness cover
    * no sublimit
    * pre and post hospitalisation expenses upto 45days.
    Do you think it is a good option considering low premium whereas similar conditions in the market would take premium upto Rs.35k?
    please suggest as my father is 62years old , diabetic, no insulin
    mother is 59years old diabetic, no insulin
    levels in control , no other related issues.


  • Sapan Kumar Singh says:

    Hello Sreekanth,
    I want to buy health insurance for my parents (father-59, mother-52). Father has diabetic history , but is under control, also has a bit of hernia problem from last year and not under gone any surgery. mother has no major health issue. My priority is having an insurance which have free medical check per year, or at least reimburse the check up costs, sum assured is not a deal, what i know is the more SA amount the more is the premium (appx). Can you please help me out, which insurance company is best and how i have to dig out while taking the same.
    Thanks in advance
    Sapan kumar Singh

  • Mayank says:

    Hi, srikant if some one has been operated for breast cancer, 16 years back, and is fine now(currently aged 63)what are the best mediclaim policies available. First will they agree to issue policy. Even if they do will there be any problem in getting claim??

  • Vishal Patil says:

    I want to cover health insurance for my parents. Father is of 62 years old while mother is 45+
    Both are fit and fine . Please suggest me best plan to cover upto 5 lacs . I can spend 20-30 k p.a.

  • Chirag says:

    HI, My father (72 year old)had got Heart attack 2 weeks back & subsequently we went for angiography & angioplasty last week. I want to know with the given conditions & age which type of Mediclaim policy should i go for which can cover the pre-existing disease with minimum co-pay and the best one.


  • Pooja says:

    My mom is 62 and planning for Knee replacement surgery for her knees by December of 2016. Can u please suggest me a health insurance which can benefit me in some way. Thanks.

  • Neha says:


    I am planning to take a Health Insurance policy for my mother (47 yrs old), wherein Ill be the proposed and she will be the insured. Note: I have a separate Health Insurance policy for myself.

    My query: Does it matter to the Insurance company if my mother is a dependant or non – dependant on me, whether she is earning or not earning. I will be paying the premium for her.

    Thanks in advance.

  • prakash agrawal says:

    My father is 88 years old have knee problem and there is no other dices e. I want to go for knee replacement but get coverage through Medical insurance.
    Please suggest if any of the insurance company have policy suitable to us.

  • Kevin says:


    Im trying to buy a health insurance policy for my Mom who is 59 years old. Her sugar, BP and cholesterol are under control. She has Kidney Stone and Joint pain issues(recently). I am trying to purchase a plan which would cover the cost if any treatment is required immediately. I was reviewing Religare NCB Super, but it seems that Arthritis are not covered until 4 years of consecutive policy years. My only concern here is to find a policy so that I could meet my Mom’s health expenses(if any) occurs.

  • lasya says:

    Hi Sreekanth,

    My Father-in-law is 64 years with Diabetic .
    My Mother is 54 years with BP, Diabetic ,cholestral

    Kindly Help in suggesting the best health policy

  • Jane says:

    I need advise on the best health insurance policy for my parents. They do not have any pre existing conditions. I need a policy which has less copay, greater benefits for parents aged 75 & 74 this year and the same needs to be renewed every year

  • Roja says:


    My father is 54 years old and he is diabetic and under control always. No other deceases.

    Other than Apollo Munich Energy and Star care Diabetic plans, Do we have any other plans which will cover diabetic after waiting period for 54 years old. Please let me know know.


  • Yogesh Kale says:

    Hi Sreekanth,

    My Dad is 66 years old and my mother is 60 years old, both are fit and fine no Sugar or BP.

    Request you to suggest a best health plan which covers maximum benefits, my annual premium budget is 20 k.


  • Karthik says:

    Hello Sreekanth,
    I want to buy a good Health insurance for 5 lac for both my parents. My parents are 60+, my father is Diabetic past 10+ years & uses insulin from past 3 years; because of this reason I am not getting any insurance policy. Cigna TTK accepted to provide the insurance for 4.5 lac with premium of Rs.30,000 but told Diabetic diseases are not covered up the policy Pro-health protect.
    I don’t know why it is not covered? Please suggest something or any alternative.



    My dad was born on 15-6-1946. He suffered heart stroke in the year 2008. Now he is ok. Please suggest best insurance policy for my dad.

  • Hemanth says:

    My father DOB is 26/09/1955.

    Is Religare Care health insurance a good option for my dad ?

  • Sarma says:

    Can you suggest any good health advisor’s in Hyderabad.

  • Vivek Agarwal says:

    Hello Sreekanth,

    Want to buy for Parents, Father (63), Mother (60). Father had a slip disc surgery but now 100% cured. Mother has Thyroid. So I assume both healthy no existing diseases.

    Request for your expert advise to choose among these,
    Apollo – Optima Restore
    Religare – Care NCB Super

    Please help to take decision on below points,

    1. Optima Restore is costly then Religare. But Religare has copay which Optima don’t have.
    For 20 lakh floater => Premiums are Optima – 80k, Care – 57k => 23k costly. So is Religare better with 20% copay and 23k cheaper premium?
    2. Although Apollo has 4 times more market capture then Religare but ICR is same. So Apollo gets +1 for reliability.
    3. Auto restore in Apollo is tricky, the insured cannot use the extra sum insured until the basic sum insured plus all bonuses completely exhausted. So may be for 2nd Surgery costing 5 lakh and with 2lakh balance in Optima, I will not get 3 lakh from Optima as auto recharge. For 3rd Surgery I will get auto recharge amount to SI.
    While in Religare in case of 2nd surgery (for different ailment) recharge benefit automatically reinstates the basic sum insured even if you have not exhausted your base sum insured. So Religare gets +1.

    Rest most of the things I found same in both the products. I found MaxBupa also good candidate. Do you suggest it over these two?

    Correct me if any of above concepts, I have misunderstood. Your verdict will be valuable.
    First priority is better product and not premium cost.

    Thanks in Advance.

    • Dear Vivek,
      Appreciate your analysis and home-work. You have mentioned that ‘features’ are your priority and not premium, in such a scenario may be you can consider Apollo or MaxBupa plan(s).

  • Prasad Shivalkar says:


    This is really a valuable piece of information Sreekanth.

    It will help many people decide whats right for them. People are who are still in doubt, its better if you could get a health insurance advisor.
    I had purchased health insurance for my parents as advised by my health insurance advisor, Live Assured.
    And now my parents are sufficiently covered.

    Thanks for the article!

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