Optima Senior Health Plan
Health cover is required for each and every individual. The early a person buys, the better it is. However, there are many people who do not buy these products till the old age and are always live with the fear of meeting the financial crises due to high rising medical expenses. There are many products available in the Indian health insurance market that offer cover to people in different age groups.
It cannot be denied that a person at later stages of life require this cover the most. Many people spend their entire money in coping up with these medical expenses and thus, they give up with dream plans that they have after their retirement. Thus, is advised that one should buy health coverage such that medical expenses get the required cover. Working in the direction to offer health cover to one and all, Apollo Munch, a standalone health insurance provider has brought Optima Senior to offer the coverage to people at later stages of life.
Optima Senior is a health insurance plan formulated to offer cover to people beyond 61 years of age. The benefits of this plan can be enjoyed for the whole life, as it comes with the facility of lifelong renewal. People buying this plan get an option to choose the sum insured amount in range of Rs 2 lac, Rs 3 lac or Rs 5 lac. One can opt coverage up to maximum of Rs 5 lac, thus, making medical treatment free of financial anxieties.
The plan works on the principle of indemnity, offering coverage to medical expenses incurred. The coverage limits of this plan include inpatient treatment expenses, pre- and post-hospitalization treatment expenses, domiciliary treatment, day-care procedures, organ donor, etc. the wide coverage is offered to people buying Optima Senior. The plan helps individuals, when they really require the financial assistance. The coverage offered to medical expenses offer a big relief to the insured individuals.
Optima Senior also gives people an access to avail medical treatment in network hospitals. Apollo Munich has a wide network of hospitals, where customer can avail the medical treatment for covered perils on cashless basis. This facility has been much useful, as they neither have to worry about raising money at the last hour nor have to file claim for same. Insurance provider directly settles hospital bills on behalf of an insured.
There is no limit of entry age with this plan. Anyone beyond 61 years of age can buy this plan at any time of life. The only point to be pondered over is to go through the terms and conditions carefully such that one stays free of hassles at the time of availing the coverage.
A few of the remarkable features of the plan are:
No maximum entry age: A person after the age of 61 years can buy the plan at any time of life. The premium amount varies with the age.
Cover up to Rs 5 lac: One can enjoy coverage for higher hospitalization expenses without worrying.
Cashless transaction: An insured can seek treatment on cashless basis in any of the network hospitals. Apollo Munich gives you freedom to enjoy ‘Cashless Hospitalization’ facility on more than 4000 hospitals across 800 cities.
No claim based loading: The premium at the time of renewal would not be appreciated, if an insured falls ill after taking the policy.
E-opinion: An insured can seek e-opinion, on request, from the medical panel, if he or she is diagnosed suffering from any of the enlisted critical illnesses.
No claim discount: An insured gets a non cumulative discount of 5% on the renewal premium payable under the policy, after every claim free policy year, id a policy is renewed without any break.
Thus, Optima Restore offers best-in-class solution for health needs of elderly age group people.
Waiting Period
Like every health insurance policy, there are certain waiting period norms that a customer should be aware of before buying the same. Firstly, there is no coverage offered for the first 30 days of the policy issuance. Secondly, certain diseases, as stated in the policy wording, are covered only after period of 24 months. Thirdly, pre-existing diseases are covered after a waiting period of 36 months.
At the other end, accident coverage starts right after the person buys the policy.
Optima Senior also comes with a facility of portability to help insured shift from one provider to another. A person covered under the policy from any other insurer can shift to Apollo Munich’s Optima Senior plan, using the customer-friendly portability feature along with accrued benefits and due allowance for waiting period.
There are several other terms that one should go through in order to understand the plan better. Co-payment is one of them, as there is a certain co-pay amount that one needs to pay for the treatment of certain diseases. Likewise, there are many other terms that one can understand on carefully reading the policy wording of the plan. Thus, one can enjoy better healthcare in the golden times of the life.
Optima Senior can be purchased on individual basis by people beyond 61 years of age. Simple policy wording, speedy claim settlement, innovative products and transparent procedures would surely demystify healthcare needs of people.
It cannot be denied that a person at later stages of life require this cover the most. Many people spend their entire money in coping up with these medical expenses and thus, they give up with dream plans that they have after their retirement. Thus, is advised that one should buy health coverage such that medical expenses get the required cover. Working in the direction to offer health cover to one and all, Apollo Munch, a standalone health insurance provider has brought Optima Senior to offer the coverage to people at later stages of life.
Optima Senior is a health insurance plan formulated to offer cover to people beyond 61 years of age. The benefits of this plan can be enjoyed for the whole life, as it comes with the facility of lifelong renewal. People buying this plan get an option to choose the sum insured amount in range of Rs 2 lac, Rs 3 lac or Rs 5 lac. One can opt coverage up to maximum of Rs 5 lac, thus, making medical treatment free of financial anxieties.
The plan works on the principle of indemnity, offering coverage to medical expenses incurred. The coverage limits of this plan include inpatient treatment expenses, pre- and post-hospitalization treatment expenses, domiciliary treatment, day-care procedures, organ donor, etc. the wide coverage is offered to people buying Optima Senior. The plan helps individuals, when they really require the financial assistance. The coverage offered to medical expenses offer a big relief to the insured individuals.
Optima Senior also gives people an access to avail medical treatment in network hospitals. Apollo Munich has a wide network of hospitals, where customer can avail the medical treatment for covered perils on cashless basis. This facility has been much useful, as they neither have to worry about raising money at the last hour nor have to file claim for same. Insurance provider directly settles hospital bills on behalf of an insured.
There is no limit of entry age with this plan. Anyone beyond 61 years of age can buy this plan at any time of life. The only point to be pondered over is to go through the terms and conditions carefully such that one stays free of hassles at the time of availing the coverage.
A few of the remarkable features of the plan are:
No maximum entry age: A person after the age of 61 years can buy the plan at any time of life. The premium amount varies with the age.
Cover up to Rs 5 lac: One can enjoy coverage for higher hospitalization expenses without worrying.
Cashless transaction: An insured can seek treatment on cashless basis in any of the network hospitals. Apollo Munich gives you freedom to enjoy ‘Cashless Hospitalization’ facility on more than 4000 hospitals across 800 cities.
No claim based loading: The premium at the time of renewal would not be appreciated, if an insured falls ill after taking the policy.
E-opinion: An insured can seek e-opinion, on request, from the medical panel, if he or she is diagnosed suffering from any of the enlisted critical illnesses.
No claim discount: An insured gets a non cumulative discount of 5% on the renewal premium payable under the policy, after every claim free policy year, id a policy is renewed without any break.
Thus, Optima Restore offers best-in-class solution for health needs of elderly age group people.
Waiting Period
Like every health insurance policy, there are certain waiting period norms that a customer should be aware of before buying the same. Firstly, there is no coverage offered for the first 30 days of the policy issuance. Secondly, certain diseases, as stated in the policy wording, are covered only after period of 24 months. Thirdly, pre-existing diseases are covered after a waiting period of 36 months.
At the other end, accident coverage starts right after the person buys the policy.
Optima Senior also comes with a facility of portability to help insured shift from one provider to another. A person covered under the policy from any other insurer can shift to Apollo Munich’s Optima Senior plan, using the customer-friendly portability feature along with accrued benefits and due allowance for waiting period.
There are several other terms that one should go through in order to understand the plan better. Co-payment is one of them, as there is a certain co-pay amount that one needs to pay for the treatment of certain diseases. Likewise, there are many other terms that one can understand on carefully reading the policy wording of the plan. Thus, one can enjoy better healthcare in the golden times of the life.
Optima Senior can be purchased on individual basis by people beyond 61 years of age. Simple policy wording, speedy claim settlement, innovative products and transparent procedures would surely demystify healthcare needs of people.