Senior Citizen Health Insurance In Kolkata

Senior citizen health insurance in Kolkata provides tailored coverage for elderly people aged 60 or above, offering specialised plans that cover hospitalisation, pre-existing diseases (subject to a waiting period), and cashless treatment at network hospitals under the specific and comprehensive healthcare plans offered by leading health insurance providers in India.

Let's dive into how to select one of the best senior citizen health insurance plans in Kolkata, prioritise plans with low waiting periods for pre-existing diseases, high sum insured and extensive network hospitals in your locality. You can also compare plans online, check for co-payment clauses and ensure lifetime renewability.

Key Factors to Consider When Selecting a Senior Citizen Health Plan in Kolkata

• Extensive Network Hospitals: Select a health plan that covers an extensive range of local hospitals in Kolkata to facilitate cashless treatment.


• Low Waiting Period: Prioritise specific health plans with a shorter waiting period rather than standard health plans having a 3-4 year waiting period for pre-existing disease.


• High Sum Insured: To address medical inflation, opt for a higher sum insured to ensure adequate coverage.


• Critical Illness or OPD Coverage: Ensure coverage for health issues related to older age and consider add-ons for pharmacy and doctor consultations.


• Sublimits & Co-Payments: When opting for a senior citizen health care plan, do not overlook the sub-limits on specific expenses and review if you can include those in your plan by paying an affordable premium. Check for the co-payment clause in your plan, which states you share a part of your expenses during a claim. Check if these terms & conditions align with your financial status.

Tax Benefits of Senior Citizen Health Insurance

A senior citizen health insurance plan covers medical expenses and also avails tax deduction benefits under Section 80D of the Income Tax Act, 1961. You are eligible for an income tax deduction of up to Rs 50,000 if you are paying a premium for senior citizen health insurance for your elderly parents in Kolkata, like anywhere else in India.

An additional tax deduction benefit of Rs 5,000 can be earned on upfront payments for preventive health screenings in every financial year. Moreover, you can also get a deduction benefit of up to Rs 1 lakh if the senior citizen undertakes treatment for critical illnesses.

If you are an earning senior citizen and also paying the health insurance premium on your own, then you can avail an extra income tax deduction of Rs 25,000. This means that you can avail a tax deduction of up to Rs 75,000 in a financial year as stated in section 80 of the Income Tax Act, 1961.