About Senior Citizen Health Insurance
Loanpao’s Senior Citizen Health Insurance offers tailored medical coverage for individuals aged 60 and above. Enjoy cashless treatment at over 10,000 network hospitals, coverage for pre-existing conditions, and add-ons like critical illness and home care, ensuring peace of mind in your golden years.
Why Choose Senior Citizen Health Insurance?
- Coverage: ₹1 lakh to ₹25 lakh
- Premium: Starting at ₹15,000/year for ₹5 lakh coverage
- Cashless Treatment: At 10,000+ network hospitals
- Add-Ons: Critical illness, home care, and OPD cover
- Tax Benefits: Under Section 80D (up to ₹50,000)
- Pre-Existing Diseases: Covered after 1-2 years waiting period
- Pre/Post-Hospitalization: 30/60 days coverage
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant Type | Indian resident or NRI |
| Age | 60 years and above (no upper limit, varies by insurer) |
| Health | Medical test required; declaration of pre-existing conditions |
| Bank Account | Active savings account for premium payment |
| Co-Applicant | Optional (spouse or family member, if joint plan) |
What Documents Do You Need?
- KYC: Aadhaar, PAN, or passport
- Age Proof: Birth certificate, voter ID, or passport
- Address Proof: Utility bill or rental agreement
- Medical Reports: Mandatory for pre-existing conditions
- Income Proof: ITR or pension statement (optional)
- Passport-size photographs
Competitive Premium Rates
| Insurer | Coverage Amount | Annual Premium (₹5 lakh coverage, age 65) |
|---|---|---|
| Star Health | ₹1 lakh - ₹25 lakh | ₹16,000 - ₹20,000 |
| HDFC ERGO | ₹1 lakh - ₹15 lakh | ₹15,500 - ₹19,500 |
| ICICI Lombard | ₹1 lakh - ₹10 lakh | ₹16,200 - ₹20,200 |
| Max Bupa | ₹1 lakh - ₹25 lakh | ₹15,800 - ₹19,800 |
| Apollo Munich | ₹1 lakh - ₹15 lakh | ₹16,000 - ₹20,000 |
Extra Charges:
- GST: 18% on premiums
- Medical Test Fees: ₹2,000 - ₹7,000 per applicant
- Policy Administration: ₹50 - ₹200/month
Note: Premiums vary based on age, coverage amount, pre-existing conditions, and add-ons. Rates are indicative as of May 2025 and subject to change.
Calculate Your Premium
How to Apply for Senior Citizen Health Insurance
- Visit loanpao.in or contact our insurance partners.
- Compare plans from top insurers like Star Health, HDFC ERGO, or Max Bupa.
- Select coverage amount and add-ons based on health needs.
- Fill out the application form with personal and medical details.
- Submit KYC, age proof, and mandatory medical reports.
- Pay the premium online or via bank account.
- Receive policy document within 7-15 days.
Common Questions About Senior Citizen Health Insurance
What is Senior Citizen Health Insurance?
A health insurance plan designed for individuals aged 60+, covering hospitalization and pre-existing conditions.
Is a medical test mandatory?
Yes, most insurers require medical tests to assess pre-existing conditions.
Are pre-existing diseases covered?
Yes, after a waiting period of 1-2 years, depending on the insurer.
What is cashless treatment?
Treatment at network hospitals without upfront payment, settled directly by the insurer.
Are there tax benefits?
Premiums qualify for tax deduction under Section 80D (up to ₹50,000 for seniors).
Can I include my spouse?
Yes, joint plans are available for spouses, subject to similar eligibility.
What is the maximum coverage?
Typically up to ₹25 lakh, varying by insurer and plan.