All You Need To Know About Senior Citizen Red Carpet Health Insurance Policy

Senior citizens certainly require adequate coverage at all times making it necessary to have good health insurance. Considering the fact, Star has brought to you a Senior Citizen Red Carpet Health Insurance Policy. It is a comprehensive plan of health insurance for senior citizens which covers medical expenses arising because of any ailment, sickness, accident, etc. 

STAR Senior Citizen Red Carpet Health Insurance Policy is a popular and successful one as pre-existing conditions are covered under it from the second policy year. If interested, any individual who is aged between 60 and 75 years of age at the entry time can purchase this health insurance plan. 

Why Choose STAR Health? 

Listed below are some of the benefits that STAR offers:

• Direct in-house claim settlement, no TPA.
• Faster and hassle-free claim settlement.
• Cashless hospitalisation. 

Highlights of Senior Citizen Red Carpet Health Insurance Plan 

• Specially designed for Senior citizens from 60-75 years of age.
• No need for getting a medical test done before purchasing the policy. 
• Pre-existing diseases get covered from the second year of policy commencement. 
• Health check-up expenses are covered.
• Limits of Cataract revised. 
• Outpatient consultation in-network hospitals.
• Limit of the sum insured newly proposed as Rs. 15 Lakh, Rs. 20 Lakh and Rs. 25 Lakh.
• Policy term options for 1, 2 or 3 years. 
• Renewals are guaranteed throughout the lifetime.  
• A policy issued both on Individual and Floater Basis 

Benefits of STAR Senior Citizen Red Carpet Health Insurance Policy 

Apart from the benefits mentioned in the highlights section, the STAR Senior Citizen Red Carpet Health Insurance Policy offers several other benefits under hospitalisation coverage, which are listed below: 

• In-patient hospitalisation expenses are provided to the policyholders for at least 24 hrs. These expenses can be-nursing and boarding charges, room rent, Anaesthetist, Consultants, Medical Practitioner, Surgeon, Specialist Fees, cost of medicines and drugs up to the limits specified.  
• Pre-hospitalisation expenses are covered for up to 30 days before hospitalization.
• Post-hospitalisation paid as lump-sum up to the limit specified.
• Ambulance charges as per specified limits for emergency transportation to a hospital. 
• Expenses on medical consultations as an outpatient in a network hospital up to the specified limits.
• Cost of Health Checkup for every year that the claim is not made, up to the limits specified.
• All day-care procedures covered.
• Sub-limits are applicable for specified illness/ disease.

General Terms of the plan 

To understand Senior Citizen Red Carpet Plan better, some general terms of the plan are stated below:    

1. Co-Payment

This policy is subject to Co-payment mentioned below;

2. Pre-Existing Diseases/Illness

Pre-existing diseases/illnesses are covered after 12 months of continuous coverage.

3. Pre- Acceptance of medical screening

Pre-acceptance medical screening is not necessary. But a discount of 10% is allowed if the medical records listed below are proposed for insurance:

• Stress Thallium Report
• BP Report
• Sugar (blood and urine) (Fasting/Postprandial)
• Blood urea and creatinine
• Tax Benefits

To be eligible for some relief under Section 80D of the Income Tax Act, the policyholder shall pay the amount by any mode other than cash.

4. Free Look Period

At the policy inception time, the policyholder will be given15 days of time from the date the policy has been received. He/she gets this time so that the terms and conditions of the policy can be read and reviewed. He/she can even return the policy if not acceptable. The premium refund, in this case, shall be as follows: 

If the insured individual has not made any claim during the free look period, the insured shall be entitled to–
A refund of the premium paid less any expenses incurred by the health insurance company on medical examination of the insured individuals. Charges for stamp duty are also included. 

or

Where the risk has already begun and the option of return of the policy is exercised by the policyholder, a deduction towards the proportionate risk premium for a period on the cover,
or

Where only a part of the insurance coverage has begun, such proportionate premium commensurate with the insurance coverage during such period.

Note that the free look period shall not be applicable during the renewal time. Also, note that the renewal premium and health insurance terms and conditions are subject to change with prior approval from IRDAI.

To know details about premium, visit the official website of STAR or simply get in touch with the leading health insurance broker Insurancedekho.com. Our experienced executives will understand your needs better to provide you or your parents the best senior citizen plan with the maximum benefits at an affordable price.    

Also, Read

Best Senior Citizen Health Insurance Plans in India

Senior Citizen Health Insurance- All you need to Know