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Mediclaim / Health Insurance
I. Medical Insurance
Insurance is considered a form of long-term savings for senior citizens. This money provides financial stability and also helps them in times of need. Medical insurance enables senior citizens to pay for health checkups, emergency medical costs and long-term treatment. The income tax benefit on insurance premiums is up to Rs. 15,000 under Section
80 D of the Income Tax Act, as on March 31, 2007. Medical insurance is provided through several private insurance
companies and four public sector general insurance companies.
Over the years, the government has launched various schemes and policies for older persons. These schemes and policies are meant to promote the health, well-being and independence of senior citizens around the country.
III. Health Insurance for Senior Citizens (age 60 and above)
For complete information such as- Best option available for Senior Salient Features Scope of Cover/Benefits Premium Rates/Chart and Terms & Conditions