*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Old age comes with multiple health-related issues. Appearance of chronic diseases, comparatively feeble health system, lower resistance power etc. are the symptoms of old age and these may require frequent medical visits. The skyrocketing healthcare expense is not a new buzz now. That’s why a senior person has to be covered with a health insurance plan. And when it comes to offering insurance coverage to a senior citizen or your elderly parents, Star Health Red Carpet Plan can be a good pick.
This is a comprehensive senior citizen plan offered by Star Health & Allied Insurance Co. Ltd. The plan extends insurance coverage for the age group between 60 to 75 years. The policy can be availed either as individual or floater basis, where the sum insured options available are Rs 15 Lakh, Rs 20 Lakh and Rs 25 Lakh. The policy doesn’t require a pre-policy health screening and also cover pre-existing illnesses after one policy renewal.
It is always recommended to buy a separate policy for your senior citizen parents. The reason is that the variations in the premium cost can be a burden on your pocket. Earlier the insurance providers were not willing to provide coverage for the elderly category, considering the risk factor associated with old age. However, with the advancement in the health insurance segment, a separate insurance plan specially catering to this age group has been introduced. Gradually, almost every insurance provider has started offering senior citizen plans. In this race, Star Health Insurance not being left behind has introduced the Red Carpet Plan, which eventually has started gaining popularity.
Here are a few reasons for this plan being quite popular among the buyers:
The policy offers multiple options to choose the sum insured amount as per one’s insurance requirement. Three available options are ranging from:
This enables the insured to analyse his/her requirement and buy SI option accordingly.
The multiple options of policy tenure again enable the insured to choose a plan per his/her choice. The policy tenure is available for 1/2/3 years.
This feature is quite famous these days as many health insurers now cover OPD benefits under their health insurance plan, Star health insurance also offers OPD benefits where the insured can claim the insurance for the medical visits that don’t require 24-hours hospitalisation. This benefit can be availed only at network hospitals of the insurer, up to a specified limit starting from Rs 600 to Rs 2600 as per the chosen SI option.
This sounds alluring especially in case of senior citizens. These people require special healthcare attention time-to-time. A feature like this, where free health check-up can be done without having to worry about the expenses, will be a USP. Star Red Carpet Policy offers free health check-up option too in case of every claim-free year, up to a specified limit.
With higher medical treatment cost, it is quite evident that the out-of-pocket expenses can be huge if not covered by health insurance. In terms of senior citizens, there are multiple diseases they might not require hospitalisation, but are of the utmost severity, like diabetes or cataract. Complicacies arising out of them might require sincere attention. The severe the condition, the higher will be the treatment cost. Thankfully, this policy covers the insured for such expenses incurred in a day-care procedure.
The expenses incurred towards cataract treatment are covered after 24 months of the policy. It is a common disease with old age, which may cause severe issues if ignore at the initial stage. The policy allows revision in sum insured amount at the time of renewal.
Star Red Carpet policy also covers pre-existing illnesses after 1 year. Pre-existing illnesses such as diabetes, BP or other chronic diseases require special attention and depending on the complexity of the condition, the expenses vary. By covering these expenses, this policy offers the person a secured old age to be retrieved.
The best part is that Star Health Insurance Policy can be bought easily online, either directly from the insurer website or through Policybazaar.com. The buying steps are easy to comprehend with Policybazaar. One just needs to visit the website, go through the plans available, compare them using the premium calculator based on the features or premium offered and buy online. The payment process is also secured through an online gateway that ensures the safety of the payments. Upon successful payment, the policy document is sent to the registered email Id.
No doubt, health insurance is the earnest necessity these days. And when it comes to secure your elderly parents, the importance even increases. A mindful buy always aids in comprehensive insurance protection, bundled with extensive coverage at affordable premiums. So, to ensure the right policy for your parents, you should always compare the plans available. Even if you are willing to opt for Star Red Carpet Policy, you should shop around and compare other available options. With this, an informed decision can be taken and a policy bought after thorough research will never let your expectation down. So, the rule of thumb is- research, compare and buy!