Apollo Munich Health
Insurance has recently launched a senior citizen health insurance plan. The
plan is offered as individual basis only. The salient features of the plans are
as under:
- Entry age in the plan is 61 years and onwards.
- Life time renewability, means once you are insured you are covered for whole life.
- The plan is available for 2, 3 and 5 lakhs sum assured.
- Plan also covers upto 30 days pre hospitalisation and upto 60 days post hospitalisation expenses.
- First 30 days are not covered except for accidental injury.
- Pre-existing disease/illness covered after waiting period of three years.
- Two years waiting period for certain diseases like cataract, hernia, joint replacement etc.
- 5% discount on premium after every claim free year.
- 5% discount is given on premium if both i.e. you and your spouse are covered under the same.
- 7.5% additional discount if you pay two years premium in advance.
- Compulsory medical check up depending on age, health declaration and sum assured opted.
- You can also port your existing plan to optima senior plan.
- Free e-opinion from panel doctors in case of listed critical illness.
- In case of hospitalisation 15% co-pay will apply if treatment taken in twin sharing or lower type and 30% co-pay will apply if treatment taken in single room or higher room.
- Plan is eligible for tax benefit up to Rs. 20,000 per annum u/s 80-D of the income tax act.
Looking at features of the plan it is one of the best senior citizen plans available in India. The competition in the health insurance will definitely benefit society at large but one should also look at premiums payable, exclusions and other conditions before entering to any insurance contract. It is also advisable to disclose all the facts correctly while applying for any fresh insurance plan.
