Benefits of Senior Citizens Red Carpet Policy offered by Star Health & Allied Insurance
Updated On Dec 04, 2021
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A health insurance policy is necessary to safe-keep your financial interests as well as make sure you can avail of the best treatment at any time. This becomes even more important as we grow older, because of the increased risk of acquiring serious medical conditions. Take a look at the Red Carpet Policy offered by Star Health & Allied Insurance for a suitable option for health insurance for senior citizens.
Benefits of the Red Carpet Policy
The Red Carpet Policy from Star Health & Allied Insurance is particularly tailored to the needs of senior citizens. Here are benefits available under the policy, which will help you get further insight into the policy.
1. Additional Sum Insured Options
Under this policy, senior citizens get three additional options for sum assured which stand at Rs I5 Lakhs, Rs 20 Lakhs and Rs 25 Lakhs. These exclusive options help senior citizens get more protection, as might be needed in their situation and help them keep their family members burden-free. Moreover, this policy is available for individual policyholders as well as for a floater. Although it is always recommended that insurance policies be bought by people as early as possible, this might just be a lucrative option in case you end up buying a health insurance policy later in life.
2. Hospitalization Cover
Senior citizens should always be alert about their health conditions and also prepare for hospitalization at any time. Under this policy, expenses for at least 24 hours are provided for the insured in case of in-patient hospitalization. What makes this policy even more useful is that it also has pre and post-hospitalization benefits. This makes the entire treatment process even smoother. Under this policy, the pre-hospitalization costs for up to 30 days before the hospitalization of the insured is paid, as well as a lump sum after the period of hospitalization. There is a cap to the post-hospitalization benefit that is specified.
3. Out-Patient Cover
Many a time, it is not for senior citizens to stay at the hospital. This can be for various reasons like fear of infection, fear of staying away from loved ones and more. Even in such cases, this policy provides benefits in the form of outpatient cover where the costs incurred due to consultations at a network hospital of Star Health & Allied Insurance, are covered. Moreover, the expenses for health check-ups are covered for financial years in which the policyholder makes no claims against the policy.
4. Premium Instalment Facility
So that you do not have to shoulder excessive investments or your family has to be inconvenienced, this policy is also providing instalment facility on the premium payment. There are multiple options available such as annually, quarterly and half-yearly. It can also be paid once in 2 years or once in every 3 years. The premium payment frequency can be negotiated at the time of purchase of the policy.
The Red Carpet Policy offered by Star Health & Allied Insurance is one of the most useful health insurance policies for senior citizens. It is better to be safe than sorry, especially at an old age, which is why a health insurance policy will definitely help. The various benefits of this policy caters well to all possible needs of policyholders in need.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.