Star Senior Citizen Red Carpet

Objective

This is an online health policy for senior citizens that aims to cover  hospitalisation expenses.

Suited for

This policy is suitable for senior citizens. Any individual between 60 and 69 years can buy this policy.

What does it do?

This policy covers inpatient hospitalisation, post hospitalisation and ambulance expenses. Each benefit is capped to 30 per cent of hospitalisation bill each time medical facilities are availed. The policy also covers pre-existing diseases from the very beginning of policy with co-payment.

Pros

This policy allows lifetime renewal. Policyholder is entitled to a 10 per cent discount on premium on producing certain medical reports to the satisfaction of the insurer.Pre-existing diseases are covered from the first day of policy inception  with a co-payment clause. Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act. This policy can be purchased online through company's website.

Cons

There is a co-payment clause for all admissible claims. Co-payment exists for treatment of pre-existing diseases as well.

Our View

There is no escape from sub-limits and co-pay clause because most of the senior citizen policies come wrapped with these. For a coverage without sub-limits, you need to spend more. This is a good policy providing coverage at reasonable rates. If you are looking for a senior citizen policy, you may go with this plan.