RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Your guide to buying a senior citizen plan

down-arrow
Your guide to buying a senior citizen plan
March 15, 2023

Table of Content

 

 

When you are born, your parents nurture you. From taking care of your health, to your food, your schooling and higher education -- they aren't told what they have to do for their child. Most importantly, they do it alongside securing their own future -- buying insurances, investing in short-term or long-term plans etc. However, there are times when amidst the chaos of life, they might have skipped to keep in check their own life. That is when you as a child should step in and ensure the well being of your parents by buying them a senior citizen health plan. What mainly this plan consists of is a coverage for your parents when they are old.

The need

Senior citizens, over the age of 65 years, are prone to illnesses. Sometimes, the illness can eat up all your savings of a lifetime. It is during these tough scenarios, a health plan exclusively designed for the senior citizens can help you toddle over the burden.

The basics and benefits

A senior citizen health plan mainly helps you bear the cost of healthcare expenses born during the treatment of the insured person. Some benefits of this plan are:

  • Get higher insured benefit
  • Free annual medical-checkups
  • Tax deductions on premiums
  • Often, cashless hospitalisation -- both pre and post hospitalisation phases
  • Quick settlement of claims

How to choose the right plan

For insuring your loved ones, it is important to do a thorough check of plans before deciding on it. Here are some pointers to guide you:

  • Know the medical history of the person you are getting insured. You should not buy a plan that doesn't suit the requirements of a person. Eg: If a person needs critical illness insurance, choose that over a simple health insurance plan as the person is prone to critical illness more.
  • Compare all plans before you decide on what to select and how. Don't go by just the premium payments but choose what gives best overall coverage. Look for age, coverage of illnesses, and the network of hospitals under the insurance plan, payment etc.
  • Do give proper correct information about the person to be insured as any wrong detail might invalidate the insurance and put you in trouble.

HDFC Life has a plethora of plans to choose from for the senior citizens of your family. Don't limit the insurance to a mere tax saving ingredient. Rather, get your loved ones insured for a stress-free and peaceful health treatment.

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

What is Family Pension?

What is Family Pension?

What is Family Pension? Explore its eligibility, benefits for government employees, retirees, widows, and tax implications. Understand the differences between regular pension and family pension.

Income Tax on Pensions: Are They Taxable?

Voluntary Retirement Scheme

Pension Payment Order: Definition, Steps, Importance

Pension Payment Order, abbreviated as PPO, is a unique 12-digit code assigned to every pensioner under the Employee Provident Fund (EPF). Read to know how to check it.

Pension Payment Order: Definition, Steps, Importance
How to Make Retirement Planning Successful Previous
Pension Information - What Is Pension And What To Do To Avail It - HDFC Life Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches