Star Health Senior Citizens Red Carpet Health Insurance Plan

*Please note that the quotes shown will be from our partners

Star Senior Citizens Red Carpet Health Insurance at Glance:

An insurance policy aimed at the senior citizens above the age of sixty.

Star Health Red Carpet Insurance Eligibility:

  • Between 60 and 75 years of age at the time of entry.
  • The sum insured under this insurance is per individual member covered.

Star Health Red Carpet Policy Details:

  • Guaranteed renewal after the age of 75 years.
  • No pre insurance medical test required.
  • Treatment at hospitals within the network.
  • Pre-existing diseases are covered are covered right from the first year.
  • Diseases whose treatment started within the first 12 months would be covered in the second year.

 Benefits of Star Senior Citizens Red Carpet

  • Hospitalisation covers expenses up to 1% of sum insured till a maximum of 4000 INR if hospitalised for a minimum of 24 hrs. (Room rent, nursing and boarding charges, Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialist Fees, Cost of Medicines and Drugs up to the limits specified).
  • ICU expenses up to 2% of sum.
  • Surgeon, consultant, specialist fees up to a max of 25%.
  • Blood, oxygen, pacemaker and diagnostic tests are covered up to a max of 50% of sum insured per hospitalisation.
  • Ambulance charges for emergency transportation to hospital up to a sum of 600 INR per hospitalisation a max of 1200 INR per policy period.
  • Post-hospitalisation paid as lump-sum up to 7% of expense subject to max of 5000 INR.
  • Specific day-care procedures covered.
  • Sub-limits applicable for specified illness.

 

Sl no.

Disease

Sum Insured

Limit of Company’s Liability

1

Cerebro Vascular Accident

100000

75000

200000

150000

300000

160000

400000

170000

500000

180000

2

Cardio Vascular Disease

100000

75000

200000

150000

300000

160000

400000

170000

500000

180000

3

Cancer

100000

75000

200000

150000

300000

160000

400000

170000

500000

180000

4

Breakage of Bones

100000

75000

200000

150000

300000

160000

400000

170000

500000

180000

5

Renal Complications

100000

75000

200000

150000

300000

160000

400000

170000

500000

180000

6

All other major

100000

60000

200000

120000

300000

130000

400000

140000

500000

150000

 

Star Senior Citizen Red Carpet Health Insurance Premium Details:

Sum Insured

Premium

100000

4450

200000

8456

300000

12900

400000

15501

500000

18000

 

                    *The above rates may change. Please check the policy wordings for more details.

 

Discount: 10% discount if following documents are produced:

  • Stress Thallium, BP, Sugar, Blood Urea AND Creatinine.
  • Self-declaration or certification that Heart/Brain/Cancer surgeries have not been done
  • The tests should be taken within 45 days of entry into policy.
  • Co-Payment:
    • 30% for other than claims for Pre-Existing Diseases and 50% for Pre-Existing Diseases claims.
    • 50% for pre-existing disease.

Tax Benefit: Payment of premium by any mode other than cash is subject to rebate under section 80D.

Exclusions in Star Health Red Carpet Insurance Plan:

  • Pre Existing diseases as mentioned.
  • Disease that creeps into the insured during the first 30 days of the policy period. Also expenses of defined and related diseases as mentioned would not be borne during the first two years of continuous operation of insurance.
  • Dental treatment or surgery (excluding accidental damages).
  • Injury due to nuclear weapons and war or breach of law on an intentional basis.
  • Expenses on Vitamins and tonics not part of the treatment schedule.
  • Hospital registration and admission charges, record and telephone charges.

Cancellation Policy For Star Senior Citizen Red Carpet Health Insurance Plan:

Misrepresentation, fraud, moral hazard or non-cooperation on behalf of the insured might lead to cancellation of policy making way for appropriate refund.

Period on risk

Rate of Premium to be retained by the insurer

Up to 1 month

1/3rd of annual premium

Up to 3 month

1/2 of annual premium

Up to 6 month

3/4th of annual premium

Exceeding 6 months

Full annual premium

 

Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

Automatic Termination:

  • Upon the death of the insured person.
  • Upon exhaustion of limit of coverage

Portability:

If the insured wishes to migrate to another Insurer towards renewal, he can draft an application at least 45 days before the date of renewal.