One should start investing in a health insurance policy as soon as you start earning. Since health insurance has just picked up in recent years, many of our senior citizens would not have availed of this policy when they were young. Insurance Companies have now come out with medical policies for the senior citizens as well.

But, these exclusive mediclaim covers for senior citizens are a little different than the ones for the younger age group. If it is a fresh policy or renewal the cost is very high. This is cause of the risk factor is higher for senior citizens, hence the premium amounts are high.

The clauses in these policies also differ. One should look out for a clause on co-payment in your policy document, which may differ from one company to another.

Also sub-limits are very common in the policies. Most of these policies cap the room rent at 1% of sum insured a day and the cost of ICU at 2% of the sum assured. The overall limit is capped at 25% of the sum insured for an illness or injury.