Very few companies in India give medical benefits to senior citizens, as the risk of covering their clinical expenditure is very high.
This is a simple Mediclaim only for senior citizens. However there would be a lot of exceptions as well as getting the claim will not be easier. In this situation, the clause for Non-Disclosure or Misrepresentation would be taken strictly.
Under Section 45 of Insurance Act 1938 states that if the company comes to know that there is a Non Disclosure or else Misrepresentation of Material Fact, then the company can call the policy null and void ab initio. It means that if the company gets to know that the policyholder has lied or has not disclosed any important information, important for assessing the risk of the individual, then the policy can be terminated from the beginning and the claim can be disowned!
Therefore, in this type of insurance, one has to be very strict about disclosing all related information, whether asked or not. Generally in Senior Citizen Health Insurance the Mediclaim insure is not more than a lakh or so. It more or less suffices for an individual persons hospital care expenses for a year. In certain cases even preexisting diseases are included after some years of continuation.
Some insurance policies also cover Critical Illness at an extra premium.
* Diseases covered under Critical Illnesses are as follows:
* Coronary Artery Surgery
* Cancer
* Renal Failure i.e. Failure for both kidneys
* Stroke
* Multiple Sclerosis
* Major Organ Transplants like kidney, Lung, Pancreas or Bone marrow
* Paralysis and blindness
There are several companies that provide insurance for senior citizens, but one excellent sample of Senior Citizen insurance is Varistha Plan from National Insurance.
For further assistance you can visit Insurance Comparison website like MyInsuranceClub.com that offers you to compare cheap health insurance in India as well as get the policy best suited for you or your family.
This certainly is a quite strong and superior tool for the elderly people for their medical as well as hospital care advantages as lots of services are insured under the same that can be effectively utilized.
This is extremely important. I am in MN and was part of a health plan that excluded the Mayo facilities. As a man in my 50s, having access to these facilities could be very important.