Comprehensive Health Insurance Policy For Senior Citizens

Very few companies in India provide medical benefits to senior citizens, as the risk of covering their medical-related expenditure is very high.

This is a simple Mediclaim but for senior citizens. However there would be a lot of exclusions and obtaining the claim will not be easier. In this situation, the clause for Non-Disclosure or Misrepresentation would be taken strictly.

Under Section 45 of Insurance Act 1938 states that if the company comes to know that there is a Non Disclosure or Misrepresentation of Material Fact, then the company can call the policy null and even void ab initio. It means that if the company comes to know that the policyholder has lied or has not disclosed any important information, essential for evaluating the risk of the individual, then the policy can be terminated from the beginning and even the claim can be disowned!

Thus, in this type of insurance, one has to be really strict about revealing all related information, whether inquired or not. Normally in Senior Citizen Health Insurance the Mediclaim cover is not more than a lakh or so. It more or even less suffices for an individual persons hospitalization costs for a year. In some cases even preexisting diseases are included after several years of continuation.

A number of insurance policies also cover Critical Illness at an extra premium.

* Diseases treated within Critical Illnesses are as follows:
* Coronary Artery Surgery
* Cancer
* Renal Failure i.e. Failure for both kidneys
* Stroke
* Multiple Sclerosis
* Major Organ Transplants like kidney, Lung, Pancreas or Bone marrow
* Paralysis and blindness

There are several companies which render insurance for senior citizens, however one excellent sample of Senior Citizen insurance is Varistha Plan from National Insurance.

To know more you can check Insurance Comparison website such as MyInsuranceClub.com which offers you to assess health insurance in India in India and get the policy best suited for you or your family.

This indeed is a very strong and even superior tool for the elderly people for their medical and hospitalization benefits as lots of services are included within the same which can be effectively utilized.