Senior Citizen and Health Insurance

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ioLong term health insurance covers for Senior Citizens Any individual aged 60 years or above is called as senior citizen. These citizens have worked hard all their lives and contributed to the development of the nation and the community. Though generally ignored and sometimes shunned by the younger community but there is much to learn from them. Some continue to be productive and work in various capacities. Most organisations and universities entertain these skilled manpower up to the age of 65 to 70 years. The senior citizens need to be cared for and the society and nation owes them a decent life in their old age. Keeping these sentiments, the Indian Government of India, has introduced several benefits through its various schemes in for senior citizens. One amongst such schemes includes health insurance policy. | The Indian health insurance market for senior citizens has grown and there are many companies that offer policies. All the policies have their plus and minus points. A medical insurance for senior citizens provides such individuals with financial benefits besides offering monetary help in case of unforeseen medical emergencies. A health insurance policy empowers an elderly person to go for health check-ups, financial help during emergency health problems as well as long-term medical treatment. The policyholder enjoys tax benefits for premiums up to a certain level under Section 80D of the Income Tax Act. A good number of insurance companies in India are trying to overcome the challenges concerning the senior citizens. The Insurance Regulatory and Development Authority (Irda) has asked general insurance companies to keep at least 65 years as the maximum entry age for a health insurance policy. The present problem Across the 16 insurers that offer health insurance policies in India, there are many choices. However, once you are over 50 years,

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