Care Health for Senior Citizens

Securing the right health insurance plan for our parents is a paramount task. It resonates deeply with many of us as caregivers and loved ones. As our parents age, ensuring they have access to comprehensive medical coverage becomes increasingly vital. 

If you need to safeguard the well-being of your esteemed senior citizens, Care Health Insurance can be your trusted partner. Care Health for Senior Citizens Insurance Policy is a formidable choice as it is designed to extend financial security to the elderly during medical emergencies. It is also coupled with the liberty to avail themselves of superior healthcare services.

As you delve into the intricacies of this insurance plan, you will discover a nuanced offering that caters to the diverse needs of senior citizens. The policy provides a safety net, allowing policyholders to opt for either individual or floater cover while presenting a range of sum insured options tailored to accommodate varying budgets. This flexibility ensures that individuals can customize their coverage to align seamlessly with their unique requirements.

Looking for a health plan for parents but not sure which one you should buy? Let us help you understand what makes Care Health for Senior Citizens a suitable choice.

Coverage Offered in Care Health for Senior Citizens

Coverage Aspect	Details
In-Patient Hospitalization	– Comprehensive coverage for hospital treatment expenses – Coverage for stays exceeding 24 hours  – Choice between cashless and reimbursement options for added flexibility
Pre and Post Hospitalization	– Full reimbursement of medical expenses incurred during the 30-day pre-hospitalization period  – Full reimbursement of medical expenses incurred during the 60-day post-hospitalization period
Day-Care Treatment	– Coverage for 541 medical procedures  – Hospitalization for less than 24 hours  – Inclusion of brief but crucial medical interventions in policy coverage
Domiciliary Hospitalization	– Coverage extended for domiciliary hospitalization  – Applicable when hospitalization exceeds three days  – Coverage limited to 10% of the sum insured
Alternative Treatment (AYUSH)	– Option to avail Alternative Treatment under AYUSH  – Coverage subject to specified amount limits  – Flexibility with either Rs 15,000 or Rs 20,000, depending on the chosen Sum Insured

Features & Benefits of Care Health for Senior Citizens Plan

• No Pre-Medical Checkup

The Care Health for Senior Citizens Plan offer benefits without the requirement for a pre-medical checkup. This feature simplifies the policy acquisition process, ensuring quick and convenient access to healthcare coverage for the elderly.

• No-Claim Bonus and Automatic Recharge

The policy provides a No-Claim Bonus, offering an increase of up to 150% of the Sum Insured. Additionally, Automatic Recharge is yet another valuable feature that replenishes the sum insured every year, enhancing the financial coverage available to policyholders.

• Second Opinion, Annual Health Check-up, and Waiver for Pre-Policy Medical Evaluation

The plan goes beyond the standard offerings by providing policyholders with the option for a Second Opinion, an Annual Health Check-up, and a Waiver for Pre-Policy Medical Evaluation. These features empower the insured with comprehensive healthcare solutions, fostering a proactive and preventive approach to well-being.

• Tax Benefits under Income Tax Act, 1961:

Policyholders can enjoy tax benefits in accordance with the Income Tax Act, 1961. The premium paid during a financial year is eligible for tax deductions under Section 80D, providing an additional financial incentive for investing in this plan.

Read More: All About Care Health Insurance

Care Health for Senior Citizens Plan: Common Inclusions

• Room and ICU Charges (maximum of 1% and 2% of the Sum insured respectively)
• Ambulance Charges, with the reimbursable amount set at either Rs 1500 or Rs 2000 as per the chosen sum insured
• Coverage for Organ Donor Expenses related to organ transplantation (capped at Rs 50,000 and Rs 100,000, varying based on the chosen Sum Insured)
• Optional add-ons to reduce waiting period for pre-existing diseases, waiver of 20% co-payment, 3 Benefit Claim Shield, and others

Care Health for Senior Citizens Plan: Common Exclusions

• The plan has a standard waiting period of 30 days which applies to all illnesses, except accidental injuries. During this initial waiting period, claims related to illnesses will not be processed.
• The plan also has a waiting period of 48 months for pre-existing diseases.
• Certain named diseases carry a waiting period of 24 months. 
• The coverage is excluded for ailments or injuries stemming from nuclear peril, acts of war, terrorism, or hostilities. 
• Expenses related to cosmetic procedures and treatments are excluded from coverage.
• Injuries sustained during extreme and adventure sports, criminal activities, or self-inflicted actions are excluded from the Care Health for Senior Citizens Plan coverage.

Eligibility Criteria for Care Health for Senior Citizens Plan

• Type of Policy: Individual and Floater 
• Minimum Entry Age: 61 years
• Maximum Entry Age: No upper limit 
• Lifelong Policy Renewability: Yes
• Number of People Covered: individuals, spouses, and dependent children up to 25 years of age 
• Residential Status: Indians

Cancellation Policy for Care Health for Senior Citizens Insurance:

A policyholder can cancel the Care Health for Senior Citizens Insurance Policy within the specified periods, as outlined in the Free Look Policy of the insurer. Upon cancellation, the premium refund is subject to applicable rules. The refund amount is determined after deducting the pro-rata premium and any incidental charges incurred during the policy issuance and cancellation process.

FAQs

Is it possible to purchase the Care Health for Senior Citizens Insurance Policy online?

Yes, you can conveniently purchase Care Health for Senior Citizens Insurance Policy online through the Insurer Portal, with their expert assistance. The online purchase option provides a seamless and user-friendly process, allowing individuals to secure comprehensive health insurance coverage for senior citizens from the comfort of their homes. 

What is the co-payment ratio in the Care for Senior Citizens Insurance Policy?

The co-payment ratio is customizable in the Care for Senior Citizens Insurance policy. The insured has the option to choose an additional co-payment of up to 20%, which is in addition to the mandatory co-payment specified in the policy. This flexibility allows individuals to align the co-payment with their preferences and financial considerations, offering a personalized approach to managing healthcare costs.

Does the Care for Senior Citizens Insurance Policy offer any additional savings on the premium?

Yes, the Care for Senior Citizens Insurance Policy provides an additional savings benefit on the premium, but it is contingent on a specific condition. Policyholders can enjoy this benefit only if no claim is made for consecutive five years. This unique feature incentivizes and rewards individuals for maintaining good health and avoiding the need for frequent claims. The consecutive five-year no-claim period qualifies policyholders for additional savings, contributing to a cost-effective and rewarding insurance experience. 

What is the grace period for the payment of renewal premium in the Care for Senior Citizens Insurance Policy?

In the Care for Senior Citizens Insurance Policy, policyholders are granted a grace period of 30 days for the payment of renewal premium. This provision offers a reasonable timeframe for policyholders to ensure timely renewal without the risk of immediate policy lapse. 

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