Government is working on a cashless health insurance scheme for senior citizens which may be announced in the upcoming Union Budget 2016-17.
Around Rs 10,000 crore -- lying unclaimed in banks and insurance companies, EPFO and small savings schemes -- would be utilised for providing the health insurance cover to the elderly, sources said.
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Senior citizens are often dependent on their children or extended families for healthcare, they said, adding that the proposed scheme will help in meeting secondary and tertiary health care needs.
The quantum of insurance cover would be more than Rs 50,000 for person over 60 years.
Finance Minister Arun Jaitley will present the central budget for the next financial year on February 29.
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