Normally the health policy offer the coverage upto 65 years. Then the necessity was to devise a policy which grants cover to person beyond the age of 65 years. Normally Insurance Companies do not encourage the higher age Insured keeping in mind the possibility of higher claim as the age progresses but there are several insurance companies which offer specially devised Senior Citizen Health Policy where the entry age between 65 years to 80 years and if there is continuous uninterrupted renewal then even after the age of 80 years the Insurance company offer the health coverage with basic Co-Pay clause of minimum 20% which means in each and every claim the Insured person need to bear 20% of the claim.
The entry age for this policy is between the age of 65 years and 80 years. An insured beyond 80 years shall continue to be covered under Senior Citizens policy provided the policies are renewed with us without any break.
Children between the age of 3 months and 18 years may be covered provided either or both parents are covered concurrently.
Sum Insured offered is comparatively less which is normally between Rs.1 lac to Rs.3 lacs in multiples of Rs.50,000/-. Some private Insurance Companies offer higher sum Insured but then the premium is much higher and so is the higher co-payment.