Star Health Red Carpet Senior Citizen Policy – Good to Buy or Not ?

Senior Citizens Red Carpet Health Insurance Policy

•  For Senior citizens aged between 60 to 75 years.
•  No pre-insurance medical test required.
•  Covers pre-existing diseases from the second year onwards.
•  Medical Consultations as an Out Patient in a Network Hospital.
•  Higher Sum Insured coverage upto Rs.10 Lakhs.
•  Guaranteed lifetime renewals.

New Features:

• Two additional Sum Insured Options namely Rs.7.5 lacs and Rs.10 lacs introduced
  • Cataract limits revised
• On-line purchases – 5% discount on premium
• Outpatient consultation in network hospitals

Hospitalisation Coverage:
Protects the insured for in patient hospitalisation expenses for a minimum of 24 hrs.These expenses include room rent,nursing and boarding charges, Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialist Fees,Cost of Medicines and Drugs upto the limits specified.

Ambulance charges for emergency transportation to hospital as per specified limits.

Post-hospitalisation paid as lump-sum upto the limit specified.

Expenses on Medical Consultations as an Out Patient in a Network Hospital up to the limits specified.

Specific day-care procedures covered.

Sub-limits applicable for specified illness.

General Terms

Co-Payment:
50% of each and every claim relating to pre-existing diseases and 30% of each and every claim for all other claims

Pre-Existing Diseases / Illness :
Covered after 12 months of continuous coverage.

Pre- Acceptance medical screening:
There is no pre-acceptance medical screening.

5 Min Review

From our perspective , Its a B class Health Insurance Product. It has so many limits taht whatever may happen , you wont get more than 50% of claim. Inititally permissible bill is calculated, then 50% bill is paid, So if a person end up in a big hospital , then he might get less than 50% amount. Moreover, Higher Sum Insured does not give you big benefit, as there are cap on claim.

But, from financial perspective , If you take professional advice from a good expert at the time of claim , You can get upto 70% claim. The best part of policy is No medical screening, Only if you duly fill proposal form under guidance. Else , it can lead to claim rejection on non disclosure of facts. Premium stay sae throughout life, thats a big plus.

Our view is buy this policy, only if you know it very well and understand claim process. Have a good health insurance advisor, who knows policy very well. To buy online from us , Call at 7015143936