Senior Citizens Red Carpet Health Insurance Policy
IRDAI UIN: SHAHLIP25027V072425
HIGHLIGHTS
Plan Essentials
Flexible Sum Insured
Modern Treatment
Premium Discounts
Pre-Existing Diseases Waiting Period
OP Consultation
Entry Age
Medical Examination
Policy Type
DETAILED LIST
Understand what’s included
IMPORTANT HIGHLIGHTS
Policy TermThis policy can be availed for a term of one, two or three years. |
Sum InsuredThe Sum Insured options under this policy are Rs. 1,00,000/-, Rs. 2,00,000/-, Rs. 3,00,000/-, Rs. 4,00,000/-, Rs. 5,00,000/-, Rs. 7,50,000/- , Rs. 10,00,000/-, Rs. 15,00,000/-, Rs. 20,00,000/- and
Rs. 25,00,000/-. The Sum Insured option of Rs. 10,00,000/- to Rs. 25,00,000/- is available on a Floater basis. |
In-Patient HospitalisationHospitalisation expenses incurred for a period of more than 24 hours on account of illness, injury or accidents are covered. |
Pre-HospitalisationIn addition to in-patient hospitalisation, the medical expenses incurred up to 30 days before the date of admission to the hospital are also covered. |
Post-HospitalisationPost-hospitalisation medical expenses are covered up to 7% of the hospitalisation expenses as per the limits mentioned in the policy clause. |
Room RentRoom, boarding and nursing expenses incurred during in-patient hospitalisation are covered up to Rs. 10,000/- for the maximum Sum Insured opted. |
ICU ChargesUp to 2% of the Sum Insured is payable as ICU charges for the Sum Insured up to Rs. 10 lakhs. And, for the Sum Insured of Rs. 15 lakhs to Rs. 25 lakhs, ICU charges are covered up to actuals. |
Road AmbulanceAmbulance charges incurred for transporting the insured person to the hospital by private ambulance service are covered. |
Day Care ProceduresMedical treatments and surgical procedures that require less than 24 hours of hospitalisation due to technological advancements are covered. |
Cataract TreatmentExpenses incurred for Cataract treatment are covered after a waiting period of 24 months up to the limits mentioned in the policy clause. |
Co-paymentThis policy is subjected to co-payment of 30% for all claims. |
Health Check-UpFor every claim-free year, the expenses incurred for an annual health check-up at Network Hospitals are covered up to the specified limits. |
Compassionate travelIn the event of the insured person being hospitalized for a life threatening emergency at a place away from his usual place of residence as recorded in the policy, the Company will reimburse the transportation expenses by air transportation incurred up to Rs. 10,000/- per occurrence for one immediate family member (other than the travel companion) for travel towards the place where hospital is located, provided the claim for hospitalization is admissible under the policy. |
AYUSH TreatmentMedical expenses for Inpatient Hospitalization incurred on treatment under Ayurveda, Unani, Sidha and Homeopathy systems of medicines in a AYUSH Hospital is payable up to the sum insured.
Note : Claims under Yoga and Naturopathy system of treatment will be payable subject to prior approval from the company.
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Repatriation of Mortal RemainsFollowing an admissible claim for hospitalization under the policy, the Company shall reimburse up to Rs.10,000/- per policy period towards the cost of repatriation of mortal remains of the insured person (including the cost of embalming and coffin charges) to the residence of the Insured as recorded in the policy. |
Second Medical OpinionThe Insured Person can obtain a Second Medical Opinion from a Doctor in the Company's network of Medical Practitioners. |
Instalment OptionsThe policy premium can be paid on a monthly, quarterly or half-yearly basis. It can also be paid on an annual, biennial (once in 2 years) and triennial (once in 3 years) basis. |
STAR HEALTH
Why Choose Star Health Insurance?
As a Health Insurance specialist, we extend our services from offering tailor-made products to fast in-house claim settlements. With our growing network of hospitals, we ensure easy access to fulfill your medical needs.
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We are committed to saving you time, saving you money, and getting rid of the hassles that make health insurance so hard to navigate.
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My friend told me to buy health insurance from Star Health Insurance. That helped me during my son’s illness. Their cashless treatment facility was very helpful at the time. I truly appreciate their service and support.
I have been with Star Health Insurance for the past 8 years, and have applied for two claims in that time. Both claims got settled, and I received good support from the company during my hospitalisation.
My family has been with Star Health Insurance since 2006. Our claim, which we applied during last month, was handled without any hassle. We are happy that we are part of such service providers.
Star Health Insurance helped me a lot when I was in need. I was covered under Star’s Comprehensive policy, which provided me cashless treatment at their network hospital during my Angioplasty surgery.
I have been using Mediclaim services for the last 7-8 years. I had tried other companies. But, I satisfied with the service Star Health Insurance has provided me, they also have friendly support personnel.
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Health Insurance for Senior Citizen
Aging - a natural process, stays to be a unique challenge for all sections of our society. Individual citizens of age group more than 60 years are considered as Senior Citizens. According to the first Longitudinal Aging Study in India (LASI), two out of every three senior citizens in India are suffering from some chronic illnesses. Diseases observed to be high among the elderly age groups include Cardiovascular diseases (CVD), chronic hypertension, Diabetes, Bone and Joint diseases and more. Health care needs are one of the retirements’ biggest ‘unknowns.’ From the financial standpoint of you, the Senior Citizens, getting a standard treatment for such chronic diseases may drain your savings with the rising medical cost and makes it hard to set your retirement saving goals. Health Insurance for Senior Citizens is needed to meet their unique health requirements. Hence, get yourself immediately covered with a right and efficacious health insurance that quenches your health care needs.
Benefits of Medical Insurance for Senior Citizens
There are many benefits of senior citizen medical insurance. Here are the major benefits of medical insurance for senior citizens.
Coverage for Pre-existing Condition
Most of the senior citizens have ongoing health issues, and this kind of insurance can help them have continuity of medical care.
Cashless Treatment
The Cashless Treatment feature permits senior citizens to avail of medical treatment without the need to pay upfront and then reimburse the amount themselves later.
Tax Deduction benefits
Many health insurance offer tax deduction advantages. Senior citizens might be eligible for a tax deduction on the premiums of their health insurance.
Hospitalization Expenses
This type of senior citizen health insurance can offer coverage for medical expenses related to hospitalization, including pre-and post-hospitalization care.
Comprehensive Coverages
This type of health insurance could ensure that senior citizens can use their health insurance advantages for expensive medical treatments.
Lifetime Renewability
This unique feature permits policy buyers to renew their health insurance plans without age restrictions.
Affordable Premiums
A few government health insurance policies for senior citizens have very affordable premiums.
Minimal Medical Screening
Most of the senior citizen health plans don't need extensive medical checks.
While you select a health insurance plan for senior citizens, it's necessary to consider the policy's coverage, premiums, and claim process.
Choose the best medical insurance for senior citizens in your home by knowing their needs.
Why is Medical Insurance needed for Senior Citizens?
Medical insurance for senior citizens is needed because it safeguards their savings and finances from high medical care costs. Here are the reasons why medical insurance for senior citizens is needed.
- Financial Safety: Senior Citizen Health insurance helps safeguard the savings from medical bills and treatments.
- Financial Freedom: Health insurance for senior citizens helps the aged people get access to quality medical care without worrying about medical costs.
- Early diagnosis: Medical check-ups on a regular basis can help diagnose diseases early, which can protect lives.
- Pre-existing conditions: Health insurance plans help cover the costs of treating pre-existing conditions.
- Chronic illnesses: Health insurance policies help offer coverage for the costs of treating chronic illnesses.
- Unexpected emergencies: Medical insurance for senior citizens helps cover the costs of unexpected medical emergencies.
- Avoids Dependency on others: Senior citizens don't have to depend on others for some of their medical treatment needs if they buy a suitable medical insurance plan. But kindly note that not all the medical needs will be included under the senior citizen medical insurance plans.
Senior Citizens Red Carpet Health Insurance Policy
Star Health Insurance presents the Senior Citizens Red Carpet Health Insurance Policy with a utilitarian approach towards the elderly citizens. This plan is uniquely designed for the senior citizens in the age group of 60 to 75 years.
The policy comes with the best benefits for the Senior Citizens, which includes a coverage for a wide range of daycare procedures involved in modern treatments, significant medical interventions, pre-existing diseases from the second policy year with the availability of constant premium with a lifelong renewable option. The policy is available on an Individual/Floater Sum Insured basis. It is apt for senior citizens looking for a best pocket-friendly premium towards medical insurance for senior citizens in India. The key highlight of the policy is that no pre-insurance medical check-up is required while buying the policy. On purchasing the policy you can also avail the benefit of tax exemption under section 80D.
SIGNIFICANCE OF SENIOR CITIZENS RED CARPET HEALTH INSURANCE POLICY (UIN: SHAHLIP25027V072425)
Old Age is a time to review and reposition many things in life. The most important among them is a health insurance.
Medical emergencies can strike the old at unexpected times and put them into severe financial crisis unless they are adequately covered under a medical insurance policy.
Star health insurance likes to think and act differently, respecting senior citizens and their relatively static incomes with ‘Senior Citizens Red Carpet Health Insurance Policy’.
The plan allows entry for persons in the age band of 60 to 75 years without any medical screening hassle.
The plan also offers outpatient consultation benefits and pre-existing diseases coverage where the PED coverage is available immediately after 12 months of continuous coverage after the date of inception of the first policy with insurer.
Medical expenses incurred 30 days prior to hospitalization are covered under pre hospitalization expenses
Post hospitalization expenses are covered up to a maximum of 7% of hospitalization expenses.
That apart, value additions such as coverage for all daycare procedures and guaranteed lifelong renewal are other attractions of the policy.
The policy is subject to Co pay of 30%, applicable for fresh as well as for renewal policies.
Room rent benefits are payable from a minimum of ₹1000 up to a maximum of ₹10,000 per day.
ICU expenses are also covered up to 2% of the sum insured per day.
Professional fees such as doctors, specialists, consultants, anesthetist, medical practitioners, and surgeons fees are paid subject to a cap of 25% of the sum insured.
Other medical expenses, such as anesthesia, blood oxygen, operation theatre charges, cost of pacemaker, etc. will be admissible up to a maximum of 50% of the sum insured.
Ambulance charges are admissible up to ₹1500 per hospitalization and Policy will allow a maximum up to ₹3000 for the entire policy term.
Treatment for all major diseases and surgeries are based on the sum insured chosen.
Expenses for Ayurveda, Siddha, Unani and Homeopathy incurred as In Patient is covered up to Sum Insured
Health checkup costs are payable up to ₹2,500 per policy period for individual policies and up to ₹4500 for floater policies.
The plan also offers coverage for Compassionate Travel, Repatriation of Mortal Remains and Free Second Medical Opinion.
Keeping in mind the financial limitations of the senior citizens, the premium under this plan is based only on Sum Insured and does not increase with age.
A 10% discount on the premium will be given every year on submission of certain medical test reports done earlier than 45 days before renewal.
There is an income tax benefit under section 80 D up to ₹50,000 per year for senior citizens for premiums paid towards this policy
And the good news is, cashless treatment can now be availed even in non network hospitals for planned and approved in-patient hospitalizations.
Senior citizens can now contact our toll free number - 1800 425 2255 or 044 4002 0888 for any policy or claim related support.
Do not let health problems bother you during your peaceful years of life!
Take a Senior Citizens Red Carpet Health Insurance Policy from STAR Health and celebrate life.
Why 60+ Elderly People should take Star Health Medical Insurance
Star Health Insurance designs health plans aiming for senior citizens who had once built the nation. Senior Citizens Red Carpet Health Insurance Policy is a complete plan in support of the elderly community.
There are numerous valuable benefits enjoyed by the Senior Citizens on buying the policy:
- Coverage on any outpatient medical consultations in a Network Hospital
- No pre-insurance medical screening is required.
- Pre-existing diseases (PED) are covered after a waiting period of one year.
- A broader coverage for daycare procedures and modern treatments.
Dedicated Senior Citizens Claims & Grievances
Policyholders who have complaints against insurers are required to first approach the Complaints/Grievance Redressal Cell of the insurer in the link,
https://www.starhealth.in/grievance-redressal
Email:gro@starhealth.in or grievances@starhealth.in
If they do not receive a response from the insurer within a reasonable period or are dissatisfied with the response of the company, contact
Integrated Grievance Management System(IGMS) - https://bimabharosa.irdai.gov.in/ IRDAI Portal at for registering the complaints Email to complaints@irdai.gov.in
And can call Toll Free No. 155255 or 1800 4254 732.
Tax Benefit from buying Senior Citizens Red Carpet Health Insurance Policy
The key benefit of the policy is, theInsured person is eligible for tax benefits under Section 80-D of the Income Tax Act 1961 in respect of the premium paid by any mode other than cash.
Key Factors to Consider in Health Insurance for Senior Citizens
There are many factors that need to be considered when choosing Senior Citizen health insurance plans. Here are some of the factors that have to be considered :
- Co-pay: Consider the co-pay, which is the amount you pay towards your healthcare costs.
- Sum insured: Check for the sum insured; it is wise to choose a policy with a higher sum insured because senior citizens tend to get sick easily. The sum insured is the maximum amount you can claim in a year.
- Critical Illness Insurance: Critical Illness Insurance could help save your finances, as senior citizens tend to get critical illnesses easily.
- Age-related health Problems: Check if the health insurance policy you choose for senior citizens covers illnesses that are more common.
- Family floater: A family floater policy offers coverage for hospitalizations, medicines, and post-treatment costs for senior citizens.
- Tax benefits: A few plans provide tax reductions for senior citizens.
- Renewal age: Premiums generally increase with age as older people highly need medical care.
- Network hospitals: Check for the network hospitals that are in your plan.
See certain other things to pick the best mediclaim policy for senior citizens. Here are some of the things that need to be considered while choosing a mediclaim policy for senior citizens :
Pre-existing Conditions: Senior citizens may have one or two pre-existing illnesses. So, buy a policy, check for the terms and conditions related to the pre-existing illnesses, i.e. whether seeing that some pre-existing illnesses are covered, waiting period for each of them, etc.
Waiting period: The waiting period for the mediclaim policy for senior citizens has to be chosen at a minimum, as they can apply for medical expenses coverage without the need to wait for a longer time.
Co-payment: Senior citizen plans often come with a co-payment clause, in which the insured pays a percentage of the treatment cost.
Sum insured: Choose a higher amount of sum insured, as mentioned above.
Daycare facilities: See if the medical insurance for senior citizens covers the daycare treatments. See the daycare list provided in the policy.
Hospitalization costs: Check if your plan covers Hospitalization costs so that it can reduce the financial burden of seniors by paying a portion of the hospitalization costs.
Coverage: Make sure that you select coverage that includes pre- and post-hospitalization costs, daycare costs, etc.
Health check-ups: See if your plan covers the cost of regular health check-ups.
No Claim Bonus: No claim bonus refers to the discount on renewal premiums for each claim-free year. A few senior citizens' health insurance policies increase the sum insured at the same premium because there are no claims in the previous policy year.
AYUSH coverage: See if there is coverage for Ayurveda, Siddha and Homeopathy, Yoga and Naturopathy, and Unani in the senior citizen plan.
Cashless hospitalization: This feature will enable the insurance company to settle the bill in the network hospital mentioned in the senior citizen's policy if he/she is admitted.
Critical Illness Benefit: Check for the Look for the Critical Illness Benefit in the senior citizen plan.
Domiciliary hospitalization: In a few cases, the senior citizen may not be able to meet hospitalization expenses. So, you must choose a domiciliary hospitalization coverage senior citizen plan.
Premium: See a plan that's an affordable premium, covering many features without disturbing your other financial commitments.
Renewal: Choose plans with the lifetime renewal option, as it allows policy renewal every year without an upper age limit.
Tax benefits: See what features are excluded in the policy so that it is better not to
Cashless treatment: It enables you to settle your mediclaim for senior citizens without paying cash at the network hospitals.
Claim process: The senior citizen's plan must have a smooth and seamless claim process.
Exclusions: See if the things needed for the senior citizen of your family are covered in the policy. If so, you can avoid choosing that policy.
Health insurance products: A senior citizen health insurance policy is needed, as it helps meet the rising healthcare costs.
Network hospitals: Select a policy having many hospitals with future healthcare needs and faster access to treatment.
Additional riders: Insurance providers give riders or add-ons that boost your policy's coverage.
Renewability and age limits: Choose a senior citizen mediclaim policy with lifelong renewability.
Age: See if your plan ensures renewal without age restrictions and provides peace of mind.
Consider all the factors to choose the best mediclaim for senior citizens.
Difference Between Health Insurance and Mediclaim Policy
| Features | Health insurance | Mediclaim Policy |
| Medical expenses( like hospitalizations, outpatient treatments, and preventive care) | Covered | Covers hospitalizations and the treatment of some illnesses up to a limit |
| Pre- and post-hospitalization expenses | May be Covered, but depend upon policy | May or may not be covered, it depend on your policy |
| Ambulance charges | Covered | May or may not covered |
| Ayurveda, Homeopathy, and Naturopathy | Covered | May or may not be covered |
| Daycare Procedures | Mostly Covered | May not be covered |
| Add-ons like global coverage and daily allowances | May be offered | May not be offered |
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