Star Health Senior Citizens Red Carpet Health Insurance Plan

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.