Monday, September 04, 2006
Health insurance policy for old
Source: moneycontrol.com
You could now purchase a health insurance policy even if you are 90 years old. National Insurance plans to launch a senior citizen health insurance policy that would cover the age group of 60 - 90 yrs with out any additional charges. The policy is predictable to launch before the end of this year.
But the company is not the only one; Oriental Insurance has augmented the age limit on its policy from 75 to 90 years. But there is a catch it has increased its premium for this age group from Rs 3300 to Rs 7000 per year for a cover of Rs 1 lakh.
"Those who came in late would have to pay extra as compared to those who have been there for a long period of time," said VN Bhargava, Senior Divisional Manager at Oriental Insurance.
Source: moneycontrol.com
You could now purchase a health insurance policy even if you are 90 years old. National Insurance plans to launch a senior citizen health insurance policy that would cover the age group of 60 - 90 yrs with out any additional charges. The policy is predictable to launch before the end of this year.
But the company is not the only one; Oriental Insurance has augmented the age limit on its policy from 75 to 90 years. But there is a catch it has increased its premium for this age group from Rs 3300 to Rs 7000 per year for a cover of Rs 1 lakh.
"Those who came in late would have to pay extra as compared to those who have been there for a long period of time," said VN Bhargava, Senior Divisional Manager at Oriental Insurance.
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