As a result of COVID-19, the world has come to a standstill. Almost everyone on earth has been affected by this disease. In addition to impacting every aspect of our lives, it has also made us realize that being prepared for a disaster is the safest way to deal with it. Furthermore, it has provided everyone with the opportunity to reflect on the importance of being healthy. The COVID-19 outbreak has also enabled people to care for their elderly and children, who are the most vulnerable to the disease due to its lethality.
Growing older increases one's risk of falling prey to health problems. Costs of healthcare facilities continue to rise unabated today. It may not be possible for the average man to afford a good hospital. In case of urgent medical care, having a suitable health insurance plan would not only help you avoid a financial setback but also give you a feeling of security.
The purchase of a suitable health insurance plan is a very prudent decision for seniors. Various health insurers offer specific plans for senior citizens, and the Star Health and Allied Insurance Senior Citizen Red Carpet Plan is one of them. The first standalone health insurance company in India, Star Health & Allied Insurance Company Limited was established in 2006. A variety of insurance services have been offered by the company, including health insurance. This customized plan covers common health problems experienced by seniors above 60 years of age, including daycare procedures, accidental hospitalization, medical check-ups, etc.
Features of Senior Citizen Red Carpet Plan
The best features of the Red Carpet Plan for Senior Citizens offered by Star Health and Allied Insurance
- For seniors between 60 and 75 years old, a comprehensive yet affordable plan is available
- Before buying the plan, there is no medical screening required
- The coverage of pre-existing diseases begins in the second year
- There are three options for Sum Insured based on the kind of plan selected: INR 15 lakhs, INR 20 lakhs, and INR 25 lakhs
- There is coverage for all procedures at Daycare
- There are four premium payment options: monthly, quarterly, half-yearly, and yearly
- Up to a specified limit, ambulance charges will be covered by the policy
- You can choose a policy term of one year, two years, or three years.
Benefits of Senior Citizen Red Carpet plan
1. Benefits for patients - In the event that the insured is admitted to a hospital for more than 24 hours, the policy would pay for the stay
- Boarding, nursing, and room rent
- A surgeon's fee, that of a consultant, that of a specialist, and that of an anesthetist's fee
- OT charges, drugs, medicines, blood, oxygen, anesthesia, pacemakers and anesthesia
- Treatments of the modern age
- Charges for the ICU
2. The pre-hospitalization period -As part of the Senior Citizen Red Carpet Plan, medical expenses incurred up to 30 days prior to hospitalization are covered.
3. After hospitalization-It is possible that the expenses will continue even after the patients have been discharged. Up to 10,000 INR is covered by the plan for treatment-related expenses according to your selected sum insured.
4. Coverage for all needs-You can choose a sum insured between INR 1 lakh and INR 7.5 lakh when you buy the policy on an individual basis. Generally, floater policies cover sums between 10 lakhs and 25 lakhs.
5. Screening for medical conditions prior to policy purchase-There is no medical exam required for the senior citizen to purchase the policy. It is possible to get a 10% discount on the premium if medical records are submitted.
6. A facility for installments-In addition to monthly payments, you can also pay the premium on a quarterly, half-yearly, annual, biennial, and triennial basis.
7. Get cashless hospitalization-Cashless Treatment is available at network hospitals under the Senior Citizen Red Carpet Plan.
8. Consultation in outpatient setting-Medical consultations incurred in a network hospital as an Out-Patient will be covered depending on the sum insured option.
9. Charges for ambulances- In case of an emergency, up to the given limits, the insured member can be transported to the hospital.
10. Getting a health checkup - After a year of claim-free status, a network hospital arranges a health check-up up to a certain limit.
11. Benefits of taxation - Section 80D of the Income Tax Act, 1961 allows you to deduct the premium you pay.
Exclusions Under The Senior Citizen Red Carpet Plan
- Drinking, misusing, or abusing alcohol or drugs results in expenses
- AIDS-related medical expenses
- The treatment of pregnancy, childbirth, miscarriage, abortion, and its consequences arising out of pregnancy, childbirth, and miscarriage
- Diseases that are congenital
- Infertility tests and treatments.
- A nuclear weapon, a riot, a strike, or a war can induce hospitalization.
- Suicide or attempted suicide-related costs (including medical expenses)
- Drinking, misusing, or abusing alcohol or drugs results in expenses
- Expenses related to shows, contact lenses, and dental care
- Diagnostic, X-ray, and laboratory costs relating to hospitalizations for diagnostic, X-ray, or laboratory procedures
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