Senior Citizen Red Carpet Health Insurance Plan is a health insurance plan made especially for elderly people, between 60 to 75 years of age. The plan offers a wide array of benefits like coverage for daycare procedures/treatments, pre-existing diseases, modern treatments, and significant medical interventions that may be required by the elderly, with lifelong renewals options. The unique benefit of this product is that 30% co-payment options are available for 15 lakhs and above sum insured options. Also, Cataract Surgeries can get an exception from co-payment. With the Senior Citizens Red Carpet Health Insurance Plan, you and your spouse can live your elder years with pride, knowing that your health is in good hands. Your medical expenses will not be a financial burden on you or your children. Also, you can get a tax exemption under section 80D.
Coverage for Modern Treatment please click here
Benefit/Premium illustration for Individual and Floater basis please click here
Premium can be paid Quarterly and Half Yearly. Premium can also be paid Annually, Biennial (once in 2 years) and Triennial (once in 3 years).
Sum Insured on Individual Basis | Sum Insured on Floater Basis |
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Rs.1,00,000/- | Rs.10,00,000/- |
Rs 2,00,000/- | Rs.15,00,000/- |
Rs.3,00,000/- | Rs.20,00,000/- |
Rs.4,00,000/- | Rs.25,00,000/- |
Rs.5,00,000/- | |
Rs.7,50,000/- | |
Rs.10,00,000/- | |
Rs.15,00,000/- | |
Rs.20,00,000/- | |
Rs.25,00,000/- |
Any person between 60 and 75 years of age at the time of entry can take this insurance policy.
Pre-Existing Diseases / Illness :
Covered after 12 months of continuous coverage
Pre- Acceptance medical screening:
There is no pre-acceptance medical screening. However if following medical records of the person proposed for insurance are submitted, a discount of 10% of is allowed.
Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act.
Free Look Period: At the time of inception of the policy, the Insured will be allowed a period of 15 days from the date of receipt of the policy to review the terms and conditions of the policy and to return the policy if not acceptable. In such a case, the premium refund shall be as follows :
If the Insured has not made any claim during the free look period, the Insured shall be entitled to –
Free look period shall not be applicable at the time of renewal.
NOTE: Renewal premium, terms and conditions are subject to change with prior approval from IRDAI.
This policy is subject to Co-payment mentioned below;
For Sum Insured of Rs.1,00,000/- to 10,00,000/- | For Sum Insured of Rs.15,00,000/- to 25,00,000/- |
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50% of each and every admissible claim arising out of Pre-Existing Diseases and 30% of each and every admissible claim for all other claims | 30% of each and every admissible claim |