Prefer deductible to co-pay in senior citizen health insurance cover

Around 5-10 years earlier, a senior citizen with a chronic condition like hypertension or diabetes found it difficult to get health insurance cover. Since then insurers' ability to underwrite and issue covers has improved, making it easier for this age cohort to obtain a policy. Increasing life expectancy and rising healthcare costs have made this cover a must-have. Last week Tata AIG General Insurance launched a plan for this group, adding to the considerable number of plans already available.

Flexible plans

Senior citizen plans nowadays offer scope for a lot of customisation. Earlier, co-payment was mandatory for them. But now