Health Insurance: Due to the epidemic, the demand for health insurance in the insurance sector has increased. Health insurance options are less for senior citizens and their premium also increases with time. In such a situation, it is important to know the necessary information about them beforehand.
New Delhi. The demand for health insurance has increased rapidly since the Corona virus outbreak. The cost of treatment of corona is in lakhs of rupees, so having adequate coverage has now become a necessity. This epidemic threatens the health of senior citizens more than the youth. Therefore, it is important that adequate arrangements are made in advance for hospital expenses of people above 60 years of age. Insurance market experts say that between April and December 2020, when the whole world was under stress due to the corona virus epidemic, then the share of buying senior citizens of 60 to 80 years of age, Dravara Health Insurance was about 15 percent. Whereas, it was 45 per cent for people between 18 and 45 years of age.
Most of the health insurance plans are only for the age of 60-65 years. People older than this have to buy senior citizen health insurance plans. Nutanam is 60 years old for people who buy health insurance. Both can be renewed for lifetime. In such a situation, it makes sense to buy it as soon as possible.
Experts say that there should be a health coverage of Rs 10 lakh per person for senior citizens. In an ideal situation, senior citizens should buy comprehensive plans that do not have any limits such as sub-limits or co-payments.
Know these two things beforehand
There are two main things in the Senior Citizen Health Insurance Plan. The first is that most of them have a co-payment feature. Secondly, it has sub-limits and many caps for many diseases. Under the co-payment, the policyholder has to pay some portion. Suppose that the hospital bill is Rs 10 lakh that 20 percent of this will have to be paid by the policyholder. Also, cataract, kidney related disease is not included in this.
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Premium
The premium rate on health insurance is higher for senior citizens. Experts say that the premium of the policy of senior citizens is more than that of puberty. The premium also increases with increasing age and medical condition. In such a situation, these should be compared before buying the policy. There will be no benefit in choosing the wrong Pothlasi in a low premium affair. While choosing the policy, it should be noted that it has maximum benefits and comprehensive coverage.
It is very important for senior citizens to read the policy document carefully and pay special attention to sub-limits and other conditions in it. These include complete information about coverage before and after hospitalization, day-care treatment, etc. You should keep in mind things like waiting period, co-payment terms, sub-limits. Also, make sure that you provide complete information about your diseases and medicines.
