Insurance is considered a form of long-term savings for senior citizens. This money provides financial stability and also helps them in times of need. Medical insurance enables senior citizens to pay for health checkups, emergency medical costs and long-term treatment. The income tax benefit on insurance premiums is up to Rs. 15,000 under Section 80 D of the Income Tax Act, as on March 31, 2007. Medical insurance is provided through several private insurance companies and four public sector general insurance companies

The National Insurance Company offers the Varistha Mediclaim Policy (External website that opens in a new window) for senior citizens. This policy covers hospitalization and domiciliary hospitalization expenses under Section I as well as expenses for treatment of critical illnesses, if opted for, under Section II. Diseases covered under critical illnesses are coronary artery surgery, cancer, renal failure, stroke, multiple sclerosis and major organ transplants. Paralysis and blindness are covered at extra premium.

Why Medical Insurance is needed?
Medical insurance work as financial covering to the person who have insured his/her health in case of any injury or illness that may arise in future. According to the study conducted by Money Digest in 2003, one out of three persons has a chance to develop life threatening cancer; one out of four person ha a chance to get heart diseases; and one out of twenty persons got a chance of stroke before crossing 70 years of age.

Apart from that, there are other factors as large percentage of Indian population cannot arrange instant cash when the requirement strikes. As per World Bank Report, 85% of the population who are working is unable to arrange Rs 5,00,000 of cash instantly and 14% have the liquid cash but will face huge financial crisis after spending the amount. Only 1% Indian can arrange instant cash without any problem.

Medical Insurance coverage in India
Medical insurance in India covers hospitalization fees ff the patient, if he/she is admitted in hospital for 24 hours or more for accident, illness, surgery or other essential factors. Expenses for pre-hospitalization, post-hospitalization, intensive care expenses, nursing expenses, and expenses for medical practitioner, consultants, specialists, surgeons, anesthetist, etc are covered by medical insurance policies.

Compare Visitor Medical Insurance
Visitors medical insurance is important when you travel overseas as your domestic insurance plan will not provide health coverage. In the America's (USA and Canada), medical costs are very expensive and even small ailments can result in huge medical expenses. More serious health ailments can be catastrophic without visitors insurance.

Visitor medical Insurance is necessary when parents and family visit the United States (Inbound to USA). Overseas visitor's insurance is popular with immigrant communities in the United States such as from India, China, Russia, Europe, Mexico and South America.

Visitor Medical Insurance - Why purchase?
Visitors Medical Health Insurance for international travel to United States of America (USA), Canada, United Kingdom (UK), Europe etc. is required. Lacking health insurance coverage in the event of medical emergencies can be financially catastrophic. Purchase visitor insurance and travel in peace!

Travelers can reduce financial risks possible due to accidents or medical emergencies by buying visitor medical insurance. You can get quick visitors medical insurance quotes, easily understand insurance terms and find answers to common insurance questions. Customers can always email us for travel insurance questions. We strive hard to provide affordable visitor travel medical health insurance, international health insurance and immigrant insurance with prompt professional service.