Senior Citizen Health Insurance: A Top Investment for Retirees

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Health Insurance for Seniors: The Ultimate Retirement Investment

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News18•21-03-2026, 16:30

Health Insurance for Seniors: The Ultimate Retirement Investment

•Retirement should bring peace, not worry about medical bills; healthcare costs are a major threat to financial security for older adults.
•Medical needs increase after retirement while regular income becomes limited, making healthcare a significant financial concern.
•Health insurance protects retirement funds by providing a financial buffer, covering hospitalization expenses, and reducing reliance on personal savings.
•Key coverage areas include hospitalization, pre- and post-hospitalization expenses, day care procedures, diagnostic tests, medicines, and cashless treatment access.
•Health insurance for seniors is considered a wise financial step, offering stability, dignity, and better control over later-life expenses.

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When options are exercised, the difference between FMV and exercise price is taxed as a perquisite under salary. This perquisite is added to the employee’s taxable income and subject to normal slab rates. Employers include it in the salary and deduct TDS. This ensures tax compliance at the point when employees derive economic benefit from the ESOP.
Example: FMV ₹6,500, exercise price ₹500, 100 shares → taxable perquisite ₹6,00,000.(Image: Canva)

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