I am 70-year-old. Which insurance company can issue a mediclaim policy to senior citizens like me?

Ans: I can provide some guidance on finding health insurance at 69 years old:

Understanding Senior Citizen Health Insurance:

Many companies in India offer health insurance specifically designed for senior citizens, often referred to as "Senior Citizen Mediclaim Plans" or "Senior Citizen Health Insurance Plans." These plans cater to the specific healthcare needs of older adults.
Finding the Right Company:

Research Online: Start by searching for "Senior Citizen Health Insurance" or "Health Insurance for 69 year olds" in India. Websites like Policybazaar (https://www.policybazaar.com/health-insurance/senior-citizen-health-insurance/), CompareRaja (https://health-plan-compare.com/), or Bajaj Finserv (https://www.bajajfinserv.in/insurance/senior-citizen-care) allow plan comparisons and might provide leads.

Consider Reputable Companies: Look for established health insurance providers with a good track record in claim settlements. Some reputable companies in India include:

New India Assurance (https://www.newindia.co.in/)
Star Health and Allied Insurance Co. Limited (https://www.starhealth.in/)
Max Bupa Health Insurance (https://www.nivabupa.com/)
HDFC ERGO Health Insurance (https://www.hdfcergo.com/)
ICICI Lombard General Insurance Company Limited (https://ilhc.icicilombard.com/)
Factors to Consider When Choosing a Plan:

Pre-existing Conditions: Choose a plan that covers pre-existing conditions you might have, especially at your age.
Coverage: Look for a plan that covers hospitalization expenses, medications, and any specific needs you might have.
Network Hospitals: Consider the plan's network hospitals and their proximity to your location.
Renewal Options: Ensure the plan has guaranteed lifetime renewability.
Premiums: Compare premiums from different companies but prioritize coverage over just cost.
Additional Tips:

Contact Insurance Companies Directly: Get quotes and speak with representatives from several companies.
Consult an Insurance Agent: A licensed insurance agent can help you compare plans and choose the one that best suits your needs.
Remember, choosing the right health insurance plan is crucial at any age, especially after retirement. Take your time, research your options, and don't hesitate to ask questions before making a decision. I hope this information helps you find the best health insurance company for your needs!

Ans: Health insurance is hence important for senior citizens. Medical costs increase with rising age. Insurance helps in controlling the increasing expenses.

Some Features to Look for in a Policy
While selecting a health insurance policy for seniors, look out for the following features in it:

No Co-Payment: Ensure that the policy does not have any co-payment clauses. This ensures that the insurer will bear the entire amount of the claim.

No Deductibles: A policy with no deductibles is preferable. The insurer will pay right from the first rupee.
No Sub-Limits: Avoid policies having sub-limits for treatments or room rent. This will ensure that the policy provides complete coverage.
Available Options
Many insurers have products designed specifically for seniors. Here are some of the features these products could have:

High Sum Insured: Go for a policy that offers a sufficiently high sum insured. Medical treatments are expensive propositions.
Cashless Hospitalization: Pick policies which provide cashless treatment at a maximum number of hospitals. This relieves the financial strain during emergencies.
Pre-Existing Disease Coverage: Check that the policy covers pre-existing diseases after some waiting period.
Annual Health Check-Ups: Some policies offer annual health check-ups. This helps in early detection of health problems.
Domiciliary Hospitalization: Check whether the policy covers home treatment in case hospitalization is not possible.
Recommended Policies
Though no specific recommendations are given, take policies from reputed insurers. Here are some aspects to check:

Claim Settlement Ratio: High settlement ratios indicate reliable insurers.
Customer Service: It is essential and facilitates the smooth processing of claims.
Renewability Age: Some policies provide for lifetime renewability. This is vital for senior citizens.
No-Claim Bonus: Policies that come with a no-claim bonus increase the sum insured. This proves advantageous to healthy policyholders.
Keeping away from Common Pitfalls
While choosing a policy, watch out for common pitfalls:

Hidden Clauses: Go through the policy document with great care. Check hidden clauses that may severely limit coverage.
Network Hospitals: Ensure that there is a good number of network hospitals for the insurer around you.
Exclusions: Check what is excluded under the policy. Ensure that it does not exclude common treatments needed by seniors.
How to Buy
You can buy these policies online or through an insurance agent. Here are some tips for buying:

Compare Policies: There are comparison websites where you could compare different policies. Check coverage, premium, and features.
Consult a Certified Financial Planner: A Certified Financial Planner can provide advice with expertise. They will help you choose the best policy suiting your needs.
Final Insights
Health insurance for seniors is indispensable. Choose policies with no co-pay, no deductibles, and no sub-limits. Evaluate insurers on the basis of claim settlement ratios, customer service, and network hospitals. Consult a Certified Financial Planner for advice pertaining to the need.
Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: Star senior citizen red carpet
Niva Bupa Senior First
Manipal Cigna Prime Senior
Care Senior Plan

Plz. Check the detailed policy wordings and seek help from your insurance advisor if needed.

Ans: Hello;

Request you to kindly rephrase your question.

Thanks;