Pension Plans - a List of Senior Citizens Pension Schemes in India

Consider a list of senior citizens pension schemes in India

National Pension Scheme
National Pension Scheme or System is the safest senior citizen pension and an investment plan introduced by the Government of India that ensures social security to the retired persons of the country. It allows the investor long-term saving and market-based return that is completely secure. Under the purview of the Pension Fund Regulatory and Development Authority (PFRDA), this is one of the best pension plans in India.

As compared to other pension plans, this one is cost-effective and it allows tax benefits, all at attractive market-based returns. At the same time, it is extremely secure because it is regulated by government statutory body PFRDA that was constituted through a parliamentary act in 2003. Anyone who is the citizen of India, a resident or a non-resident, belonging to the age group 18-65 years is eligible to avail this scheme and open an NPS account. This is among the many best pension plans in India.

Indira Gandhi National Old Age Pension Scheme (IGNOAPS):
Under National Social Assistance Scheme by Government of India, IGNOAPS is an old-age pension scheme for Indians above 60 years age and are living below the poverty line. The beneficiaries receive a monthly pension by central and state government both. Through this scheme, the government of India aims to provide a decent level of assistance to the elderlies who are not self-reliant and are not financially sound.

Pradhan Mantri Vaya Vandana Yojna (PMVVY):
This is one of the most recent additions to the list of senior citizen pension schemes in India. It is exclusively designed for the benefit of senior citizens of India or anyone above the age of 60. The scheme was first introduced in May 2017 and it was renewed till 31st March 2020. As per the scheme, the beneficiary can avail assured return at 8% per annum. This is payable monthly for the period of 10 years. In addition, the pension is flexible for the beneficiary to choose the period they want to make the claim for. The frequency can vary from monthly to yearly. The best part is that it is exempted from GST or Service Tax. A Beneficiary can also avail a loan up to 75% of purchase price, only after completing three years of owning the policy. More benefits include premature exit with 98% purchase price for the purpose of treatment of critical sickness of self or spouse. The investment limit is restricted to no more than Rs. 15 lakh per person. This pension scheme in India is being implemented by LIC and can be availed as one of the many safe and secure LIC senior citizen pension schemes.

Varishtha Pension Bima Yojana:
Introduced by NDA government, Varishtha Pension Bima Yojana aims to safeguard and protect the interest of senior citizens after demonetization when there was a slump in interest rates of fixed deposits. The scheme promises guaranteed 8% interest rate for 10 years. Implemented by LIC, it is known as yet another LIC senior citizen pension scheme. The subscriber can opt for returns monthly, quarterly, half-yearly or annually. The pensioner can also claim tax benefit under section 80CCC of Income Tax Act and it can be combined with other pension schemes too.

Pradhan Mantri Atal Pension Yojana:
This scheme was previously known as Swavalamban Yojana introduced by Government of India for citizens belonging to the unorganized sector and rural sector. The eligibility criteria are 18 – 40 years, with the sole purpose of increasing the number of members under the National Pension Scheme. This is a social security scheme through which the government plans to contribute to the citizens’ earnings after they reach the age of 60 years, the age when the pension begins under this scheme.

Senior Citizens Savings Scheme from RBI:
This is the most popular and beneficial senior citizen pension scheme and saving scheme in India. It is a source of secure and risk-free investment for the retirees. It is a long-term saving scheme that can be availed by any certified banks and post offices in India. Anyone above 60 years of age can invest in this plan with a maximum deposit of 15 lakhs in the SCSS account. This scheme offers the highest rate of interest, 8.6%, which is far greater than the interest on savings or FD account. Also, it is eligible for tax exemption under the section 80C and provides nomination facility.

Post Office Monthly Income Scheme:
Under the purview of the finance ministry, this is the best pension plan in India for senior citizens. It is highly reliable and can earn several benefits. While NRIs are excluded from the scheme, it can be opened in the name of a minor, who is above the age of 10. Under the scheme, an individual can invest up to 4.5 lakhs and joint members can deposit up to 9 lakhs. The interest is automatically credited to the account via ECS system.

Besides these senior citizen pension schemes and plans, it is suggested that citizens must invest in other saving plans that provide guaranteed returns for their safe and better old-age. Fixed deposits, health insurance, and tax-free bonds offer additional senior citizen benefits. For example, most of the banks offer a higher rate of interest on FDs to senior citizens as compared to the regular beneficiaries. On health insurance, senior citizens can avail exemption up to 50,000. These are a few safe investment plans for senior citizens that are highly recommended for a carefree future. These plans aim to reduce the financial burden and provide assistance in living a quality life.

NGO Working for Senior Citizens In India

1. Help Age India:

For almost four decades, this leading charity organization has worked to voice the concerns of the elderlies. Its sole mission is to care for and help the disadvantaged old persons to achieve dignified and respectable life. Established in 1978, this is one of the top NGOs in India that aims to improve the quality of life and support them tackle challenges of old age. Through their various agecare programs, this community promotes the concern for Universal Pension, quality healthcare, and adequate action against elder abuse. They function at national, state and societal level with the Central and State governments. The NGO is registered under Societies’ Registration Act of 1860. The head office is located in New Delhi; however, they are accessible in major cities of India through their regional branches.

Due to their excellent work in the past, HelpAge is well recognized at the United Nations and have received several special testimonials from the topmost global organization that is dedicated solely to the purpose of maintaining peace and harmony among various societies and help in the development of the underprivileged. You can do your bit by donating to HelpAge India. These donations are eligible for 50% tax exemption under section 80G of the Income Tax Act, 1961.

2. Dignity Foundation:

 
This is among the many famous NGOs in India that is working towards the development of the elderly of our society. Dignity started in 1995 as a magazine named Dignity Dialogue that aimed to provide motivation, information, and inspiration for senior citizens to live a productive life. Over the years it grew bigger with the help of its various programmed like Dignity Helpline, Dignity Second Career, Dignity Dementia Day Care Centre, Dignity Donor Privilege Programme and more. In addition, they expanded across India and has offices in Mumbai, Bengaluru, Chennai, Pune and Kolkata. As per the manifesto, Dignity considers elders an “integral part of the society” that must not be ignored. Their philosophy is to empower the elderly to live their life to the fullest without having to struggle for the basic needs for survival. The foundation focuses on the overall well-being of the senior citizens and lay special emphasis on psychological health.

3. Agewell Foundation:

 
Among many other NGOs working for Senior Citizens in India, Agewell foundation is a prominent one. This not-for-profit organization was established in 1999 and since then it has been working for the welfare as well as empowerment of the oldies. Their vision is to transform Social attitudes towards senior citizens. They aim to bring about the change by increasing effective interaction between the generations and eventually visualize to create a friendly environment for the senior citizens. Considering its brilliant efforts as Non-Profit Organization for elderly people, the foundation has been granted Special Consultative Status at United Nations. They function in 640 districts of India with the help of a humungous network of 7500 primary and 80,000 secondary volunteers across India.

4. Harmony:

The Harmony for Silvers Foundation was launched in 2004 by Tina Ambani. This is one of the top NGOs in India working for the betterment of Senior Citizens it refers to as ‘Silver Citizens.’ Through its various initiatives like Harmony-Celebrate Age, the magazine, online portal, Harmony Interactive Centre in Mumbai, research and publications it aims to improve the quality of life of the elderlies.

5. Alzheimer’s and Related Disorders society of India (ARDSI):

Located in New Delhi, ARDSI is a one-of-its-kind national organization devoted to the betterment of the victims of Alzheimer’s and dementia and their families. The core objective is to create awareness, provide care and support to the victims, conduct training, and set up Memory clinic and camps. They aim to collaborate with government and other non-governmental organizations to achieve their objectives and integrate rehabilitation centers for persons suffering from it.

6. All India Senior Citizens’ Confederation (AISCCON):

 
It is one of the largest organizations of Senior Citizens in India with federation members and individual members numbering to more than 10 lakhs across India. It is the national level organization that is committed to working towards the research and advocacy of the issues concerning welfare and empowerment of Senior Citizens in India. In addition, some programs cater to provide healthcare services like physiotherapy and eye care. AISCCON is listed under the Societies Registration Act and the Bombay Public Trusts Act,. The donations to the organization are eligible for tax exemption.

Voluntary Services In India

7. The Family Welfare Agency:

 
The FWA has been doing NGO work in India since 1950. The head office is located in Mumbai and it aims to enhance the quality of life of senior citizens and provides assistance to those who are suffering from mental illness. The FWA is registered under registered under the Bombay Public Trust Act.

8. Silver Innings Foundation:

SIF a Not-for-Profit organization provides need-based services to the elderly and aims to create awareness about “Graceful Ageing.” The foundation was founded in 2008 to work with and for Elderly or persons above 50 years old. If need be, the foundation interacts with the family too. Their larger goal is to form an “elder-friendly” world.

9. Dada Dadi:

The Dada-Dadi is a non-profit service and advocacy organization that is set up in Chandigarh, India. This leading NGO for senior citizen voices out the concerns related to older people. Additionally, it brings together non-profit organizations, businesses, and government to invent creative solutions for the betterment of elderlies’ lives. They are advocates of social and economic justice, innovation, and respect and caring for all. They aim to create alliances, coalition and multi-sector partnerships to achieve their core objectives.

10. Nightingales Medical Trust (NMT):

This is one of the many NGOs Working for Senior Citizens In India that was established in 1998 in Bangalore as Nightingales Home Health Services (NHHS). They are dedicated to assisting senior citizens and their core mission is to improve healthcare and aging experience for the elderly. Also, it aims to eliminate the problems faced by the elderly in social setup. They work towards many aspects of aging like dementia care, respite care, home care, enrichment of the elderly, training, and awareness and advocacy. They have launched elder’s helpline and work to provide jobs suitable for elders.

These are the top 10 NGO India working towards the enrichment of elderlies’ lives. The common goal is to create an attitude of care and respect for elderly in Indian society. At the same time, they assist in helping the abandoned and underprivileged senior citizens lead an honorable life.

Retirement Job Options for Seniors

Consulting:
One of the best jobs for senior citizens is consulting. With tremendous knowledge in your field of work, becoming a consultant is not difficult. This is one of the best suited local jobs for senior citizens.

Your age and years of experience will only add to your credibility among clients. People will rely on you and based on your experience will pay good remuneration. This kind of job offers great flexibility. It is up to the retiree whether he/she wants to pursue it full-time or part-time.

Depending on the nature of work, the person can also decide the place of work. If a field visit is not required and there is no capital to create a physical office, you can try via online portals.

Online Tutoring:
 “If you have the knowledge, let others light their candles in it,” said Margaret Fuller (Journalist, Critic and Women’s Rights Activist).

Many retirees are now becoming tutors or online trainers. With constantly evolving technology, it is not difficult to reach out to people and share knowledge. Professionals are relying on online resources to upgrade their skills and knowledge because they are convenient and cost-effective. Without having to travel long-distances, students can reach out to their teachers and teachers can connect with their students. There are several ways to impart knowledge of your specialized skills sets and earn money. YouTube, Udemy, and Coursera enable online teaching and training. At the same time, you can provide virtual classes through Skype and various other online messengers.

Volunteering:
If money is not your concern and if you want to give it back to the world, then volunteering for social causes is one of the best jobs for senior citizens. This job may not guarantee income and stability, but it is one of the most rewarding jobs. Devoting time to causes that you feel passionate about is gratifying.

Blogging:
One of the best jobs for senior citizens at home is, blogging. If you are adept with words, basic functional knowledge of computers and a few content management systems, you’ll come through with flying colors. If the content is good, you can earn money through it.

Tour Guide:
Using knowledge about your city and local attractions, you can guide tourists and locals. With a decent pay and tip, it gives an opportunity to meet new people.

Insurance Agent:
Among many jobs for senior citizens, this one is quite popular. Several insurance agencies are open to employing retirees as their agents. With a few days of training, you are ready to sell their policies. This might be suitable for seniors who are ready to travel within the city as the job requires to meet clients in person.

Virtual Assistant:
If you are looking for work-at-home jobs for senior citizens, then consider becoming a virtual assistant. These are contract-based jobs that require the person to work from home and handle the company’s administrative work. Instead of hiring an executive assistant or a secretary, companies are opting to hire virtual assistants. Knowledge of administrative work and Microsoft office help in doing the job just right.

Work for ex-employer:
Several companies are glad to retain their employees. You can continue your current job with your current employer if he considers you an asset to the company. If you are willing to do the work you did before retirement, then approach your employer and inform him about your availability. This may not be a full-time job like before but imagine doing what you have enjoyed with a more flexible schedule.

All these are good jobs for senior citizens with decent earnings and a flexible schedule. More jobs for senior citizens include jobs of an accountant, auditor, tax preparer, bookkeeper, customer service representative, information officer, teaching assistant, library assistant, and research assistant. However, these jobs need specialized skills, but they are quite rewarding. When looking for a job it’s best to keep your goals in mind and know what you want out of it at the end of the day. A better understanding of your plan will help you make the right decision.

What Role does Diet Play in Senior Health?

As we get older, the body undergoes several changes. There is a dip in physical health and susceptibility to various medical conditions such as heart diseases, high blood pressure, diabetes, and more. With changes in routine elderlies, there is ample change in their emotional health too  Therefore, it is important to stick to a healthy lifestyle for seniors.

 Healthy Eating Tips for Seniors

Eating Healthy: Eating well and mindfully is the first step toward healthy living. Growing old impacts the digestive system, metabolism, and makes older adults prone to serious health conditions. Hence, it is advisable to maintain a balanced diet that will not only provide essential nutrients to the body but also help tackle the challenges of old age.

A few nutrition tips for the elderly suggests an increase in the consumption of high-fiber food, such as fruits, vegetables, whole grains, and nuts, and seeds and lower the consumption of calories. This will not only help the elderly control their digestion but also contribute to maintaining healthy weight and metabolism.

Getting rid of those extra pounds is an essential part of maintaining a healthy lifestyle for senior citizens. Overweight or obesity leads to diseases such as heart ailments, high blood pressure, and diabetes, so it is important you get yourself a good senior health plan. 

For elderlies, eating in social settings helps them make better nutritional choices also make better food choices. So, spend time with your family or friends and make eating a fun affair. Also, maintaining a food diary can help older adults stick to a daily dietary plan. Take a look at some of the following senior health tips.

More Health Care Tips for Senior Citizens are as follows,

1.       Stay hydrated

2.       Incorporate Vitamin D and calcium in amounts prescribed by your doctor.

3.       Manage stress

4.       Take safety precautions

5.       Practice good hygiene

6.       Eat in small amounts repeatedly instead of stuffing yourself in 3 meals.

7.       Keep your kitchen a haven of healthy food, so that you do not feel the urge to binge on unhealthy stuff.

8.       Eat more good fats which are said to play a big role in keeping your heart healthy and also your bones strong.

9.       Regulate your carbohydrate intake and ensure you add lots of protein into your diet such as paneer, fish, chicken lentils. Regular home-cooked food such as dal chawaal with a teaspoon of ghee is a complete food.

10.   Ditch packaged food completely and embrace home cooked food, stay away from biscuits and cakes and the regular junk food that is so easily available. 

Aging is inevitable, but you can always take steps to meet the challenges set by aging. With a few good habits, healthy lifestyle is very much possible.

Best Health Tips for Senior Citizens in Summer

As we age, the fickle weather and the changing seasons have some severe repercussions on our health, in fact, more than we are willing to admit. Instead of letting the changing seasons play spoilsport, you should be more mindful of the changes in your body. While everyone is susceptible to the whimsical seasons, senior citizens particularly face more health risks and their health needs to be carefully gauged and monitored, especially when the spring season gives way to summer.  Here are some handy health tips for seniors for the upcoming summer season.

Important Health Tips for seniors

The taxing summer months can make you feel fatigued and dehydrated. It is important to know about some important tips that will keep your immunity high and make you less prone to sickness. Evaluate the following tips and make sure you incorporate them into your daily life.

·         Stay hydrated- We hardly drink enough water, yes most of the time we forget to drink enough water whereas we need to drink at least eight or more glasses of water. Tea and coffee, juices don’t count, since caffeinated drinks are basically diuretics which can dehydrate you if you do not drink more water, which brings us to our next point.

·         Avoid caffeinated drinks and alcohol – Though you may feel tempted to drink more of cold beverages and tea to beat the heat, this dehydrates you faster than you pronounce drink. Yes, it is that bad for you, so steer clear of these drinks and just drink lots and lots of water, even when you do not feel thirsty. 

·         Dress right for the weather – Light, breathable fabrics such as cotton and linen keep you cool in the hot sultry months. Lighter colors reflect the sun whereas darker shades attract them, so choose pastel-hued shades, when it comes to choosing the color palette for your summer sartorial choices. 

·         Slather on some sunblock – The summer months are particularly harsh towards your skin, so whenever you venture out of the cool comforts of your home make sure you have your armor ready in the form of hats, sunglasses along with a high-SPF sunblock.

·         Stick to the indoors – Sometimes it is best to stay indoors and avoid going out and braving the relentless sun. The heat along with the humidity can take a toll on your health. 

·         Stay in temperature-controlled places – Stick to places that are air-conditioned well, if your home does not boast of one, you can simply go somewhere that has one, say a movie theatre or a shopping plaza. 

·         Do not stay outside in the sun for long hours – If you are waiting outside for transport services, do not do so as the extreme heat can prove to be detrimental to your health. Call a taxi or a transportation services in situations such as these.

·         More showers, please – The best way to lower your body temperature is by taking several cool showers. This provides ample relief during those hot and humid months.

·         Keep the temperature of your home cool – Use different techniques to lower the temperature of your home and maintain a cool 85 degrees Fahrenheit. Use curtains, Venetian blinds and things like these to block the heat and keep the temperature under control.

If you still end up with a heat stroke, try and recognize the symptoms first, this will help you take quick steps to ensure a faster recovery.  The signs of a heat stroke are as follows, high body temperatures, flushed face, splitting headaches, confusion, nausea, dizziness and rapid pulse. If you are aware of some of the above symptoms take immediate steps to avoid a health complication. 

Health Tips for Older Adults – Important Points to Keep in Mind

If you suffer from one or more of the below symptoms, you need to be more mindful of the changing weather conditions and take adequate steps to avoid health hazards.

•   Poor circulation in older adults.
•  Specific ailments or disorders such as issues with the kidney, lung, and heart that leads to fever and weakness.
•  People suffering from hypertension or those who are on low salt diets.
• People on specific medications such as diuretics, tranquilizers, sedatives and specific heart and blood pressure medications.
• Being overweight or underweight.
• Individuals drinking high amounts of alcohol.

The above-mentioned health tips for older adults can help senior citizens beat the summer heat and stay fit and healthy during the sweltering months. Enjoy the summer and stay cool and refreshed and yes don’t forget to take care of your health.

Investment after Retirement Brings Good Returns

Retirement can mean a lot of things at once, a mixture of feelings and Olivia Greenwell sums it up beautifully in So You've Retired: A Practical Guide for Your Happy Retirement, "As you embark on the exciting journey into retirement, you will experience a transition that will be both thrilling and terrifying."  Yes, venturing into the unknown called world called retirement, you almost have to start from scratch again, albeit this time with limited resources and it is up to you whether you can handle the rising inflation and the dwindling funds with a certain degree of level-headedness.

So, everything boils down to that one thing, planning, planning your financial resources and searching for the best investment plan for senior citizens in India in a way that although does not allow you to be a veritable spendthrift it definitely helps you live your life comfortably, without having to unduly worry about the future.

Planning is good, but planning at the right time is even better and the ideal time to plan is as early as your 30’s and that’s not too early, do not think that there is still a long way off till you retire, the years breeze past at lightning speed and before long you will be left bidding goodbye to your colleagues and work with a heavy heart.

Save you must and in the right avenues when you can. Since when you are young you can tap into your risk-taking prowess fearlessly, but later you cannot do so, as you have this fear of losing your precious capital, gnawing your heart. Yes, investment is not anybody’s ball game, as you have to master the rare combination of tact, risk-taking ability, a certain degree of craftiness and just large doses of prudence and wariness.

 So, let’s find out which are the options you should explore to invest your lump sum money on your retirement. These investments will ensure that you have a substantial income every month adding to your original capital. Let's discuss and find out one of the best investment plans for senior citizens in India and how it can ensure the risk-free flow of income to meet your everyday expenses after your retirement.

•    Senior citizen savings scheme:

You have to reach 60 before you can open an account at the senior citizen savings scheme, you can open a saving account at the post office, State Bank of India or a few branches of notified banks. The maximum limit of investment in this scheme is 15 lakhs, individually and with your spouse up to 30 lakhs (provided both of you are past 60). It can fetch a monthly interest income is Rs 23,250. People who have retired voluntarily is eligible for this scheme, the age criteria for the same is 55 years. Interest paid at 9.30 % per annum.

•    Post office monthly income plan: 

You can invest up to Rs 4.5 lakh individually, 9 lakhs in a joint account at 8.40% p.a. Like the SCSS there is no age restriction here, the only catch is a lock-in period of 5 years.  You can further improve your monthly income with this one as it can add as much as Rs. 6300 per month. The interest is not taxable.

With the above two, you can generate a monthly income of Rs 29, 550 with a substantial investment of Rs 29,550. Now if you still have a little more money left for exploring more investment options for retired persons in India, don’t worry we will help you out.

•    Fixed Deposits

Earlier fixed deposits were considered to be the sole savior for retirees and yes, you can still invest a small amount in fixed deposits (FD) in a number of banks. The banks give cash interest each month. So why are not more retirees opting for fixed deposits, after all, what can be safer than investing your money in FD’s? Well, for starters the interest rate is the chief deterrent, which is around 8% p.a for a period of three years. Considering the other schemes available now, it doesn’t quite measure up, right? The banks do give an extra 0.50% interest to retirees, though. The upside to investing in fixed deposits is, it gives you a certain flexibility, as you can break the FD and withdraw the money when you require it urgently, at an interest penalty of 1%.

You can open a number of FDs of diversified amounts so you can prematurely withdraw the one which fulfills your requirement, rather than breaking a big FD and paying penalty for it.

•    Mutual Funds

If you are still up for more investment try the liquid mutual funds which promise substantial returns and with high returns compared to a bank FD. Balanced or hybrid funds are in fact great for your portfolio,  the Balance Advantage Fund, in particular, is made up of 70% equity and 30% Government securities. Dynamic asset allocation funds are a brand new category to invest in with a plethora of schemes from various banks and companies. These schemes provide steady returns to non-risk taking investors and shield them from any downside risk. All MF’s have monthly dividend fund for senior citizens and it is absolutely tax-free. The net asset value of the scheme of MF’S increases after every dividend pay-out.

So, try the above-listed investment options for senior citizens and find out which ones fulfill your needs to the t. Smart investment plans hold the key to your future, so make sure you invest right!

Sixty Plus is an organization who helps you explore the right investment plans and find the one which caters to your individualized requirement. The organization keeps you abreast of the latest updates and happenings in the market and provides you with a sound financial plan.

Why You Should Buy Senior Citizen Travel Insurance

Traveling is an integral part of human life. Traversing through unexplored parts of the country has its own perks. Traveling with family, especially help you spend some quality time with them, which most of us are unable to do, thanks to our busy schedules.

We know traveling to a foreign land is an enriching experience, but we must be wary of the risks associated with it. So, consider all the pros before starting on a journey with senior citizens or you are a senior citizen and considering traveling alone or with friends or family. Senior citizens are at some major risks, so senior citizens need travel insurance while traveling when they travel to different geographical conditions, undergo a diet change, and suffer from low immunity levels of their bodies.

So, it is imperative you have travel insurance for senior citizen ​while going for overseas travel.

Medical Emergencies can affect anyone and anywhere and senior citizens, particularly are vulnerable in this regard, so it is important to understand the policy vis a vis the medical emergency concerned. In many western countries, medical expenses are hugely expensive also, some senior citizens have pre-existing disease conditions such as diabetes, high blood pressure, heart problems. So, it is very important to ensure that you check with your policy provider that such pre-existing ailments are covered and whether there is a chance of reimbursing. If there is a medical emergency due to the aforesaid mentioned ailments. Opt for a plan that covers the pre-existing medical conditions. 

If senior citizens are also traveling with you ensure to safeguard their passports, all the important documents and of course their personal belongings. Though most travel insurance covers things such as loss of passports and personal belongings, it always makes sense to play safe and not get entangled with such losses which also may affect your mind. Travel Insurance covers other things such as Repatriation of remains if there is death while traveling, personal liabilities, accidental coverage, loss of baggage or a delay in baggage arrival which is quite common these days. After all, more and more people are traveling than ever before.  

Travel Insurance for senior citizen ensures trip cancellation which occurs because of a number of reasons. Personal Accident occurs during the course of travel. Hijack Distress Allowance are provided in situations like Hijacking. Also, when you need emergency cash, you can also avail Emergency Cash Advance or Missed Flight Connection liabilities.

Like any other policy, there is a specific part of the budget travel insurance such as accidents resulting due to alcohol or drugs. Other mental health conditions such as depression, mental disorder, and anxiety are also not covered. Expenses arising out of the loss of valuables, securities, money, and tickets are left out of the policy. Likewise, certain specific treatment options such as Naturopathy treatment, ayurvedic /homeopathic therapies are not included.

​​​​​​