Co Payment Application For Seniors: Fill & Download for Free

There are few policies in the market which provider cover to individual above age 80 years. Health Total of FG is one of them. However the policy has a co-payment applicable for persons who have entered the policy at age 80 years .One case refer to the Brochure of the product for options available and details.

The current healthcare situation, financially speaking, is one that can be a grave cause of concern for those who have not opted for health insurance. This is even more so dire for the senior citizens who are more prone to illnesses, wherein hospitalization costs for their medical conditions can rise astronomically.Senior citizen health insurance is a must-have for those nearing retirement and thus would then be dependent upon their pensions and savings to meet their financial requirements. Also, this health insurance is a great way to ensure your parents’ well being, while greatly reducing your own financial burden in case of their hospitalizations.Essentially, health insurance for senior citizens is exclusively applicable for people between 65 and 80 years of age, wherein seniors pay an annual premium to insurance companies and their medical expenses are then borne by the insurance agencies. As per the Insurance Regulatory and Development Authority (IRDAI) guidelines, every insurance company is mandated to offer health insurance to customers, up to the age of 65. For those looking for health insurance for their parents, it’s wise to know that family floater health plans are the right way to go, as they offer lifetime renewability.3 factors for comparison of Senior Citizens Health Insurance PoliciesSum Coverage: Generally, public insurance companies offer up to Rs. 2 lakh worth of coverage for senior citizens health insurance policies. However, if you opt for private insurance companies, you can avail a maximum of Rs. 20 lakh worth of coverage, albeit at significantly higher premiums.Co-Payments Clause: The co-payments clause is one wherein, in case of medical expenses, the expenses are borne by both the insurer as well as the policyholder. Many insurance companies follow this clause, hence it’s best to check policy details thoroughly. Having a co-payments clause in your policy might lead to the unavailability of complete coverage (Check with the insurance provider before signing up).Free Look Period: Free Look Period is the time duration within which you can cancel your insurance policy without incurring any withdrawal fee or penalties. Usually, this period is of 15 days, however, it’s best to check with different insurance providers, before opting for one.

Pre Exisiting Disease (PED) Waiting Period will be applicable for all Retail Plans.As per IRDA Rule, IT would be 4 Years. But in Market there are products with4 Year3 Year2 Year1 year (50% Co-Payment)Check out my other answers related to Health InsuranceVignesh Viki's answer to Which is the best medical insurance policy in India? How much premium is to be paid annually? What is the cover? (Vignesh Viki's answer to Which is the best medical insurance policy in India? How much premium is to be paid annually? What is the cover?)Vignesh Viki's answer to What is the best health insurance for senior citizens in India? (Vignesh Viki's answer to What is the best health insurance for senior citizens in India?)