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Senior Citizen’s Red Carpet Insurance Policy from Star
July 25, 2007 at 9:35 PM
Health Insurance News
At a press conference here, the company’s Chairman and Managing Director, Mr V. Jagannathan, said that the policy for the elderly, called ‘Senior Citizen’s Red Carpet Policy’, would be offered with no pre-acceptance medical screening. Those in the eligible age group could even buy the policy on-line. Once covered, they could continue to be covered for life—renewal would not be denied even after they leave the age bracket, Mr Jagannathan said.
The policy costs Rs 5,000 a year for a sum insured of Rs 1 lakh and Rs 10,000 for Rs 2 lakh. Those who have no illness would be given a ‘good features discount’ of 10 per cent.
Mr Jagannathan said that Star Health would soon launch two more policies. One is for those who are ‘HIV positive’. Policyholders will get a lump sum payment if they become a full-blown AIDS patient.
“There are 5.7 million HIV positive people in India, of whom 0.75 million are full blown AIDS patients,” he said, observing that there was a need for offering them coverage. The other policy will be a “high-end” one, assuring sums upwards of Rs 10 lakh.
Star Health, the country’s only stand-alone health insurance company, and earned premium income of Rs 100 crore in the first 12 months of its operations, ending May 2007.
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More News on: Third Party Administrators for Health Insurance, Star Health and Allied Insurance, Health Insurance Policies offered by Bajaj Allianz Insurance, ICICI Lombard General Insurance Company Limited, Health Insurance, Health Insurance - Ombudsman, Health Insurance - Basics, New India Assurance Policies, Geriatry-Related Diseases, Awareness about Healthcare Insurance in India
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guest
08/06/2007
59 1/2 years..plan to retire at the end of 2007.I am a diabtic on medication
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