For obvious reasons, seniors (those aged 60 and up) are the target demographic for senior citizen health insurance. Mediclaim senior benefit services for the elderly is only a contract between the insurer and the policyholder, like any other type of health insurance. In exchange for the policyholder’s premium payment, the insurer will cover the policyholder’s out-of-pocket medical costs, including those associated with hospitalization, daycare, post- and pre-hospitalization treatment, and other related costs. However, the cost of medical coverage for the elderly is significantly more than that of a similar policy for a younger person.
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