Health Insurance for Senior Citizens

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

Look for policies with least number of exclusions while buying health insurance for senior citizens...

 

We have shortlisted two policies-- Apollo Munich Optima Senior and Star Senior Citizen Red Carpet Plan for your needs. Both these policies are for senior citizens and offer lifelong renewal. These plans offer maximum cover up to Rs 5 lakh. Both policies cover hospitalization expenses, pre and post hospitalisation expenses and ambulance expenses. Apart from these benefits, each plan has its own USP.

 

Apollo Munich Optima Senior

Apollo Munich Optima Senior also covers treatment taken at home and 140 day care procedures which do not need 24-hours hospitalization due to technological advancement. It will cover pre-existing diseases after a period of 3 years. The policy has co-payment clause on treatment of certain diseases. Co-payment requires the policyholder to pay a certain percentage of the claim amount. Also, this policy covers hospitalization expenses without any sub-limits. The sub-limit clause is a part of most health policies and imposes limits on payments of treatment cost or room rent for certain illnesses. The company also assures that premiums will not be increased in future merely on basis of claims made in the past.

 

Star Senior Citizen Red Carpet

Star Senior Citizen Red Carpet covers pre-existing diseases from first year itself except for those that arose in previous 12 months. Such diseases will be covered from second policy year. In case a claim is made for pre-existing disease, insurance company will bear only 50 per cent of the total admissible amount. Policyholder will have to pay the remaining half. This policy requires you to pay 30 per cent of hospitalization bill each time the medical facilities are availed. Each benefit under this policy is capped to a stated limit. On renewal, the premium of this policy may increase by 20, 30 or 50 per cent depending on claims ratio in previous two years.

Comparing the features, Apollo Munich Optima Senior is a better policy but its benefits come at a higher price. Apollo Munich also offers a discount of 5 per cent if both husband and wife buy the same policy and an additional 7.5 per cent discount on premium if you pay 2-years' policy premium together.

 

We recommend you to go for individual cover over a floater cover because it may happen that one of the insured member uses major chunk of the Sum Insured leaving little or no cover for other members. Do not take floater policy for your parents

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund