Health care expenses are constantly on the rise in India and there are no two ways about it. You would not be the first one, who gets shocked at seeing the medical bill after treatment. And if you were to pay for them from your pockets, your finances would also get shocked. To avoid such circumstances, you can buy a health insurance plan.
The ongoing pandemic has provided even more reasons to have health insurance coverage. And even more so for senior citizens, as the possibility of them needing medical attention is a bit more. A health insurance plan will ensure that you are financially protected by medical inflation and that you have adequate coverage for medical emergencies.
If you are looking for a health insurance plan for senior citizens, there are a few plans that you can choose from. However, the Star Red Carpet plan makes for a very strong case. Unlike most other plans, it does not require medical screening before buying the policy. And it is usually a major concern that people have while buying a policy online.
Star Red Carpet Health Insurance Plan
People who are above the age of 60 years can opt for the Star Red Carpet Health insurance plan. You can buy the plan as long as your age is within 75 years. Should you decide to buy the plan with a sum insured options of INR 1 lakh to INR 25 lakhs, you will have to agree to a co-payment of 30%.
If you buy the policy with a sum insured in the range of INR 1 lakh to INR 10 lakhs, the co-payment is set at 50% for any pre-existing diseases. And a 30% co-payment for other claims.
A Range of Sum Insured
Star Red Carpet Health Insurance plan is quite versatile and offers a wide range of sum insured options. You can either buy this plan for an individual or as a family floater plan. For individuals, you can buy the plan for a sum insured between INR 1 lakh to INR 25 lakhs. If you choose to buy the plan as a family floater plan, the minimum sum insured starts at INR 10 lakhs and maxes out at INR 25 lakhs.
Coverage of Star Red Carpet Health Insurance Plan
The Star Red Carpet health insurance is curated to meet the needs and requirements of senior citizens, thereby making it one of the best that there is. Here are some of the coverages that the policy offers:
- The plan covers ambulance charges up to a certain limit.
- The plan offers coverage for pre-existing diseases on the completion of a 12 months waiting period.
- You can claim expenses related to daycare treatment.
- The plan covers pre-hospitalisation expenses up to 30 days before admission to the hospital and post-hospitalisation expenses as well, which are paid as a lump sum amount.
- If a patient is admitted for more than 24 hours, the hospitalisation expenses are taken care of. This includes expenses related to room rent, medicines, charges of the doctor, diagnostics, etc.
- The plan offers cashless benefits in more than 13,000+ network hospitals.
- You can claim reimbursement for treatments only done in network hospitals.
- Few diseases and illnesses warrant sub-limits for senior citizens.
What are the Exclusions of a Health Insurance Plan for Senior Citizens?
Quite a few insurance claims get rejected because of the fact that we forget to read the finer details of the policy. Being aware of the exclusions will help you eliminate claim rejections to a large extent. The following are some of the exclusions for a health plan for senior citizens.
- Claims related to drug overdose or intoxication
- Claims related to dental treatment, unless it occurs due to an accident
- Claims related to pre-existing injuries or illnesses
- Expenses that are related to non-allopathic treatment
- Injuries that are self-inflicted or related to anxiety
- Injuries incurred due to war, terrorism, rebellion, etc.
- The cost of buying lenses, hearing aids or spectacles
- Surgeries that are cosmetic or aesthetic in nature
- Policies do not cover any illness that was diagnosed within 30 days from the date of policy purchase.
- Expenses related to the treatment of HIV, STDs, or AIDS
Steps to Buy Health Insurance for Your Parents Online
The following steps will aid you in buying the best health insurance plan for your parents.
- Visit the website of an insurance aggregator and search for health insurance plans. This way, you can compare health insurance plans before buying them.
- Enter all the mandatory details as asked by the website including any pre-existing conditions, to avoid rejections at a later stage.
- Now you can compare the available plans from different insurers based on parameters such as policy premiums, available coverage, deductibles, co-payment clauses, waiting period, renewal options and so on.
- You can download the policy document for Star Health Insurance and go through all the important details.
- Should the policy meet your needs and requirements, you can proceed with buying the policy and paying the policy premiums.
- Insurance policies usually have a free look-in period of about 15 days. If you aren’t happy with the policy or want to switch, this might be the time to do it.
Read more - Top 9 Reasons to Buy Star Health Insurance Policy Online
Conclusion
There is a difference between buying a health insurance plan and buying a good health insurance plan. Based on the standard parameters for choosing a health plan, the Star Red Carpet health insurance policy is a good option for senior citizens. If you are above the age of 60 or are looking for a health insurance plan for your parents, Red Carpet is one of the best out there.
To buy the policy, you can either visit the website of Star Health and select the policy and proceed with the purchase. Alternatively, you can visit the website of an insurance aggregator and compare different policies before buying the Star Red Carpet health plan.
Read more - Top Factors to Consider While Buying Star Health Insurance
