Without adequate insurance, a medical emergency can be a severe financial set-back; especially in old age, when medical care is more important and many of the procedures can be expensive. Due to this reason, “There are quite a few products by insurance companies focussed on senior citizens. Technically, some of these are not exclusively limited to senior citizens but they are designed in such a way that they become more attractive for them, in terms of coverage, pricing and issuance processes,” said Anuj Gulati, chief executive officer, Religare Health Insurance Co. Ltd. However, there are others who say that these do not address all needs of the elderly. Dhruv Sarin, head-health insurance, Policybazaar.com, said, “For a senior citizen, there are a many value-added services such as home care, or wellness-related services; these are not covered.” Thus, choosing such a policy is not easy. If you are planning to buy a senior citizen cover, here are some of the important factors to consider.
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