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Health insurance: Tips for buying health plan for senior citizens
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By A P Singh & Sunil Kadyan
There are two kinds of health insurance policies available for senior citizens. First, comprehensive plans with an entry age of up to 65 years, which is more expensive but gives wider coverage. The second, senior citizen-specific plans, which are cost-effective but have fewer benefits.
Here are some important factors which you should consider while buying medical insurance for senior citizens.
Entry and renewal age Most insurers offer health insurance plans with entry age of 60-80 years and a few have no entry age for these plans. Go with those plans where no entry age restrictions are there. Purchase those plans where the long-life renewability features are offered by your insurer as this varies from insurer to
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