Age is one of the most crucial contributing factors when it comes to taking policies. As the insurance companies have taken it upon themselves to cover ‘risks’ that are usually unfortunate and unforeseen; when it comes to medical policies, with age almost everything can be foreseen. When a person crosses the age of fifty, one can expect problems like blood pressure, blood sugar, cholesterol, bone related issues, balance related problems etc to either take over completely or, commence by a considerable extent. The concerned elders may already have had a brush with hospitalization, medication, critical care and a lot more. Thus, the matter of risk becomes more of a sure shot reality.
Covering medical problems that may arise for certain is a great risk which leaves no option for the providing company but to give out as many claims as the policies sold. As a result, the terms and conditions of senior citizen health insurance are made very stringent with very high premiums for even the least of covers. While it is true that people can attain as much cover for whichever condition they wish to have covered, they are certainly required to pay a very heavy price for the same; a price which is often burdening especially to those who are retired from services.