Star Senior Citizen Red Carpet
This is an online health policy for senior citizens that aims to cover hospitalisation expenses.
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.
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.
There is a co-payment clause for all admissible claims. Co-payment exists for treatment of pre-existing diseases as well.
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.
|Entry Age (years)|
|Coverage Type||Senior Citizens|
|Sum Insured (Rs)|
|Policy Term (years)||1|
|Tax Benefit||Premium paid is eligible for tax benefit under section 80D of the Income Tax Act|
|Discount||10% on premium if proposer produces certain documents to satisfaction of the company. Documents include Stress Thallium Report, BP Report, Sugar (blodd and urine), blood urea & creatinine and Self-declaration stating that heart/ brain/ cancer or related surgeries have not been done in past|
|Pre Policy Medical Check Up||Not required|
|Grace Period for Policy Renewal||15 days|
|Address||Star Health and Allied Insurance Company Limited|
Corporate Office: No.1, New Tank Street,
Valluvar Kottam High Road, Nungambakkam,
Chennai - 600034.
|Mail to||[email protected], [email protected]|
|Call to||1800 425 2255/ / 044 2826 3300|
|SMS||STAR to 56677|
Additions to the Plan
|Scope Of Cover|
|Cashless facility||Available at empanelled network hospitals in India|
|Post Hospitalisation||lumpsum calculated at 7% of the hospitalization expenses (excluding room charges) subject to a maximum of Rs.5,000 per occurrence|
|Room rent, boarding||1% of Sum Insured subject to a maximum of Rs. 4,000 per day|
|ICU expenses||2% of Sum Insured per day|
|Nursing expenses, Cost of Blood, Oxygen, Pacemaker||covered|
|Cost of Drugs and Diagnostic testsu00A0||covered @ 50% of sum insured per hospitalization|
|Fees for Doctor / Surgeon / Consultant / Anesthetist per illnes||covered @ 25% of Sum Insured per illness|
|Cataract||Covered upto maximum of Rs 15000 both eyes including|
|Emergency Ambulance||Rs 600 per hospitalisation upto maximum of Rs 1200 per policy period|
|Exclusions and Waiting Period|
|Pre existing diseases||Covered from first year itself except those germinated during immediate preceeding 12 months. Such diseases will be covered from second year and onwards|
|No claim period||Any disease contracted during the first 30 days of commencement of the policy|
|Waiting Period||Certain diseases such as hernia, piles, sinusitis etc shall be covered after a waiting period of 1 year.Certain diseases such as Cataract, Joint/Knee Replacement surgery(other than caused by an accident), Varicose Veins, Ulcers etc. will be covered after a period of 2 years|
|Co-payment||50% for pre-existing diseases and 30% for all other admissible claims|
|General exclusions||Cosmetic or beauty related treatmentsNaturopathy treatment|
|Sum Insured (R)||Premium (R)|
|Indicative premiums; irrespective of age; exclusive of service tax|