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.

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) - IRDAI Portal at https://igms.irda.gov.in 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.