Understand Star Health Red Carpet Health Policy For Senior Citizens

Reaching the age of 60 is a milestone these days, and anything above that is a bonus. Old age is the golden age, and these years are supposed to be the ones which are free of worry and responsibilities. Sadly, these are also the years when people are most susceptible to diseases, injury, and lifestyle issues. At this age, the medical expenses incurred can put a big dent in your savings if these senior citizens happen to be your parents. Ever since the medical costs have started increasing, it has gotten essential to have a health insurance policy taken out for everyone in the family, especially your parents.     

This is the age when most insurance companies avoid insuring people, and Star Health Insurance company rectifies that shortcoming with their Senior Citizens Red Carpet Policy. This is a policy which allows old people to get covered and have a shield against potential financial headache if they were to fall ill. The present scenario of coronavirus pandemic makes it even more important to have a health cover for the senior citizens because the disease is affecting that section of the pollution more than the others.

Read More: Star Red Carpet Health Insurance

What Is the Senior Citizen Red Carpet Policy by Star Health?

This is a policy provided by Star Health which covers people starting from 60 years, and the last fresh entry can be done at the age of 75 years. The policy has lifetime renewal. The Star Health Insurance company deems it a thankyou or tribute to the generation which has done so much for our country. The policy has the following features apart from entry age and renewal limit:

• The policy is available for 1/2/3 years of the policy term.
• The policy is available in individual and floater plans. The floater plan has a sum insured shared among all those who are insured.
• The individual plans have a sum insured between Rs. 1 lakh to Rs. 7.5 lakhs and the floater plans have Rs. 10 lakhs to Rs. 25 lakhs.
• The premium can be submitted on a monthly, quarterly, and bi-annual basis. There is also the option of the annual, biennial (for 2 years), and triennial (for 3 years).
• The policy provides tax benefits.
• The policy has an option of medical consultation at a network hospital.

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What are the Benefits of Senior Citizen Red Carpet Policy by Star Health?

The policy offers certain features which are very carefully thought out. The policy has all the aspects which provide all the necessities for senior citizens in case of medical intervention. The benefits of the policy include:

1. Coverage Benefits: The policy has a lot of coverage, and the policyholders can enjoy the following benefits: 

• Pre-Hospitalisation: The policy covers 30 days’ worth of medical expenses before hospitalisation.  
• Post-Hospitalisation: The policy covers post hospitalisation medical expenses to 7% of the actual hospitalisation charges.
• Daycare Procedures: The policy also covers the one-day procedures which do not require hospitalisation of more than 24-hours.  
• Other Expenses: The policy covers the costs of oxygen, operation theatre, specialist fee, and anaesthesia up to a certain amount.
• Ambulance: The policy covers the charges for an ambulance in case of an emergency.

2. Smaller PED Waiting Period: The initial waiting period is 30 days. The waiting period for the pre-existing disease coverage is 1 year as compared with most of the policies which have a waiting period of 48 months.

3. Trial Period: The policy has a trial period of 15 days, and if you don’t like it, the policy would be returned, and you would get a refund. 

Read More: Health Insurance Renewal

Conclusion

The age above 60 is a very fickle one, and you should care for people of that age. The best way to be ready for any situation is to get the Red Carpet policy provided by Star Health.  

Disclaimer: This article is issued in 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.