Can A 70 Year Old Person & Above Have Health Insurance?

The answer to the statement mentioned above is YES. 

Although the process of finding the right insurance provider might be complex, it is not impossible. A decade ago, the answer would have probably been no. But with time, many insurance providers and health insurance policies have grown inclusive and provide beneficial schemes for people of 70 years and above. It offers comprehensive care for the customers to cover the recurring medical bills and hospitalisation costs. The higher age slab can be extended up to 80 years of age in most cases. Niva Bupa Health Insurance is one of the attractive options available in the market which one can opt for. 

This article has listed some of the must-know facts for senior citizen health insurance for people above 70 years. So, keep reading to know more:

Importance of health insurance for people above 70 years

The recurring medical bills and treatment costs might consume most of your retirement savings or pension funds if some medical emergency arrives. Also, with age, life becomes unpredictable, and no one knows what happens next. Having health insurance policies around will help you prudently tackle unexpected medical expenditures. You can also be secure and worry-free if anything of the sort happens. There are more options available in the market for you to choose from. You can talk to your policy provider and pick the one that works best for you. 

Benefits of the health insurance plan:

Based on the type of policy you choose, you can get coverage for the already existing illnesses after the end of the first year of your policy. It will help you lower the medical bills.

• By opting for health insurance policies, you can safeguard your savings.
• You can renew or upgrade your health insurance scheme online through their website. 
• With the help of your health insurance policy, you can harness the cashless benefits with their tie-up hospitals during your treatment or medical care.
• You get a choice about the sum that is right for you to curate your health insurance policy.
• Other exclusive facilities like hospital transport cover, including the post and pre-hospitalisation charges, are also covered under the health insurance policy. 
• You also get tax benefits as per law by opting for health insurance policies. 

Additional details 

While looking for a health insurance plan to invest in, there are some essentials that you need to check before purchasing.

• Look for the minimum and maximum age cap. Most health insurance policies like Niva Bupa Health Insurance have an extensive policy term and are very age inclusive. The majority of senior citizen health insurance offer lifetime renewal these days.
• For most senior citizen health insurance policies, the individual will be requested to go through a full-body check-up before signing up for the insurance plan by the policy provider. 
• There will be more offers for lifetime renewal, annual and monthly renewal options. According to your preference, you can pick the one that works best for you. Although most people go for lifetime renewal, it is easy and unlocks more benefits. 
• Another important thing one has to check for in the health insurance plan they choose is the premium charged and the benefits that come with it. You can choose various schemes and add-ons that will help you get exclusive benefits for the amount of premium you opt to pay. 

You can visit Bajaj Finserv website and explore the features of Niva Bupa Health Insurance.