essential for a peaceful retired life or productive life as a senior citizen. Many people over 55 may have a pre-existing condition that prevents them from making payable claims from a health insurance company. Planning for your health insurance is paramount to your well-being, peace of mind, and personal solvency. Life insurance in favor of your loved ones lets them know that they will be taken care of in the event of your untimely departure from this world. Car insurance and home insurance are essentials that are relatively more affordable than life insurance but are not to be ignored.
Government schemes for senior citizens and pensioners
Court cases
The Chief Justice of India has advised Chief Justices of all High Courts to accord priority to cases involving older persons and ensure their expeditious disposal.
Right to Information Act
Second appeals filed by senior citizens and differently-abled
persons under the RTI are taken
on a high priority basis, by a directive of the Central Information Commission who await your request in writing.
Health Care
There is provision for separate queues for senior citizens at hospitals and the Delhi government runs special clinics for seniors at most hospitals.
Finance, Taxation and Banking
As per the finance budget 2008-09 (presented on 29th February, 2008) the threshold income when seniors start paying tax stands at Rs. 2.25 lakh per annum.
The benefit of Section 80C of the Income Tax Act, 1961 has been extended to the investments made under 5-Year Post Office Time Deposits Account and Senior Citizens Savings Scheme with effect