Star Senior Citizens Red Carpet- Worth Considering

Mr. Sharma is an angry man today. He is 65 and healthy and wants tobuy a health insurance. He doesn't know why it should be a problem. But apparently in India, it is. There are only a few policies that provide you with health insurance after 55, others have very high premium and stop renewals after 70. "Doesn't this country care about its elders?" Mr. Sharma asked his agent.

But there are a few products like Star's Red Carpet that are designed to suit the elderly and are highly rewarding to the healthy ones. For starters, Red carpet is aimed at the age band of 60-69 years with guaranteed renewals after 69up to 80 years of age.

The other features that make it friendly to the seniors are:

No Pre- screening test: It is a relief for many since going to the company appointed diagnostic centers is not always feasible, especially when the childrenare not staying with the parents.

All Pre-existing Diseases/ Conditions covered after a year: No waiting period of 4 years, all pre- existing diseases are covered after a year.

Some after 30 days: Such Pre-existing Diseases/ Conditions that did not warranttreatment for at least a year before taking the policy are covered after the standard waiting period of 30 days.

Discounts on Good health: If good health is proven with the help of medical tests (Stress Thallium Report, BP report, Sugar and Blood Urea and Creatinine along with declaration of surgeries related to Heart/ Brain/ Cancer) then you get a discount of 10% on the premium.

Two premium brackets: There are two Cover amount brackets of Rs. 5000 for 1 lakh and 10,000 for 2 lakh coverage including service tax.

Fixed Premium: Premiums generally increase with increasing age, but here the premium remains fixed till the age of 80 unless there are claims.

Guaranteed renewals: Most policies stop renewals after 65 or 70 but there are guaranteed renewals after 69 in this policy.

Now about some of the features that you should take care of:

This Policy requires co payment of 50% on all Pre-existing conditions and 30% co payment on all other claims.

This means for every claim other than that of pre-existing disease, the Insurance Company pays 70% of Hospitalisation cost and other allowable medical expenses and you pay the other 30%. For a Rs. 10,000 claim you pay Rs. 3000 and company pays Rs. 7000. On a claim for a Pre-existing condition/ disease, the insurance company pays 50% and you pay 50%.

Only treatment in Network Hospitals will be entitled to Cashless Service.

This means only if you are admitted to a hospital in the list given by Star Health Insurance Company will you get your hospital bills paid directly by the insurance Company To know more about Star Senior Citizens Red Carpet- Worth Considering

Star Senior Citizens Red Carpet- Worth Considering

By: Niyatijs

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