It is important for senior citizens to have proper health insurance that offers wide coverage for several medical treatments and services. If you are looking for profound health insurance for senior citizens, you can definitely invest in Bajaj health insurance, which is the best in the Indian market. There are numerous policies offered by Bajaj that you can get for you and your family members. To help you further, we have mentioned the best senior health insurance policy along with its multiple benefits. Read to know more!
The best health insurance policy for senior citizens
Bajaj offers the best silver health plan for senior citizens. This comprehensive health insurance for senior citizens includes a myriad of features like a cumulative bonus, ambulance cover, pre and post-hospitalization charges, waiver of co-payment, free health check-ups, pre-existing illness cover and many more. By opting for this best health insurance plan, you can prudently safeguard yourself from the extensive medical expenditure. Also, the claim settlement process of this health insurance is very hassle-free and can be done within a few days. The additional benefits are also applicable to this Bajaj health insurance plan.
Here are some of the multiple benefits of the Bajaj health insurance for senior citizen for your perusal:
1. Cashless Treatments and Hospitals:
The majority of the health insurance for senior citizens has a broad hospital network where you can avail of cashless hospitalization facilities. You must check the hospital network of your insurance company before buying one of the best health insurance plans. It will help you know whether a good hospital in your locality falls under the list or not.
For instance, the Bajaj health insurance silver plan for senior citizens offers access to cashless treatments and hospitalization across the country. With the widespread network of partner hospitals, a senior patient can get the required medical treatment and file an online health insurance claim.
2. Day Care Treatments:
With medical technological advancement, many surgeries and treatments get proceeded in a single day, also known as daycare treatments. However, under regular health insurance for senior citizens, a senior citizen must get hospitalized for at least 24 hours to get the claims. Thus, choose a health insurance plan that offers daycare treatments like the Bajaj silver health plan.
For instance, some policies from the Bajaj health insurance offer daycare treatments that include treatments such as dialysis, chemotherapy, radiotherapy, etc.
3. Tax Benefits:
Health insurance for senior citizens covers medical expenses and allows them to avail of the tax exemption under the Income Tax Act, 1961. You get eligible for the deduction of Rs. 50,000 under section 80D of the Income Tax Act, 1961 if you have a Mediclaim policy for elderly parents. Moreover, you can also avail yourself of the benefits of an additional tax rebate of Rs. 5,000 on preventive health check-ups. You can also obtain a tax exemption of up to Rs. 1 lakh if the elder parents undertake critical illness cover.
Also, if you are a senior citizen earning on behalf of your son or daughter, you can avail of an additional income tax rebate of Rs. 25,000. For instance, the Bajaj health insurance policy allows a tax rebate on the premium paid.
4. Pre-Existing Diseases Period and AYUSH treatments:
Elder parents are more likely to have pre-existing diseases whose treatment can exhaust one’s savings. Thus, one can choose health insurance for senior citizens with pre-existing ailments, and minimum waiting periods will benefit the individual. Every policy understands the importance of doctrines. Thus, senior citizen health policies also offer the AYUSH treatment covers. AYUSH covers treatments under Ayurveda, Yoga, Naturopathy, Unani, Sidha, or Homeopathy.
For instance, the Bajaj health insurance silver plan provides an excellent benefit for pre-existing illnesses. However, one must check the waiting period before buying the health insurance plans.
5. Health Insurance Claim Settlement:
If you are looking for the benefits of buying health insurance for senior citizens, one must opt for the health insurance plan with the highest claim settlement and ratio. The policy with a higher claim settlement ratio and lesser settlement time is one of the best policies. It means that the chances of getting your claim are more.
For instance, Bajaj health insurance offers the highest claim settlement ratio, a commitment to customer satisfaction, and ensures a seamless claim process.
6. Co-payment:
Health insurance for senior citizens often comes with a co-payment clause in which the policyholder pays part of the claim amount, and the insurance company pays the remaining portion. Hence, one must opt for the health insurance plan with zero to low co-payment benefits offered by the insurance company.
For instance, the Bajaj health insurance plans can remove the room rent limit in the health insurance plans for senior citizens. The hospital policy allows choosing the room of their choice as long as the cost doesn’t exceed the sum insured.
