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Health Insurance 988 views December 23, 2020
Health Insurance is undoubtedly one of the most important things that an individual should have these days. The need for health insurance is even more for senior citizens aged above 60 years as they are considered to be more prone to several illnesses. Choosing the right health insurance plan can be a tough task as several insurers provide different kinds of policies to individuals. In this article, we will be talking about the two most popular health insurance plans – HDFC Health Suraksha Gold Plan and Star Senior Citizens Red Carpet Health Insurance Plan. Let us compare the two and find the right alternative for you. So, keep reading!
Table of Contents
Let’s Compare HDFC ERGO Health Suraksha Gold with Regain and Star Senior Citizens Red Carpet Health Insurance
When you are going to choose a Health Insurance plan, there are several features that you should look at, such as the sum assured amount, premium paying term, policy term, hospitalization benefits, premium amount, premium payment frequency (if any), waiting period, etc. So, we will be doing the comparison of HDFC ERGO Health Suraksha Gold with Regain and Star Senior Citizens Red Carpet Health Insurance based on these factors. Please check!
Flexibility in Choosing the Suitable Sum Insured Option
Both these insurance policy options from HDFC Ergo and Star Health Insurance provide multiple options when it comes to the Sum Insured. With the HDFC ERGO Health Suraksha Gold Plan, individuals can enjoy the Sum Insured Options of INR 1 lakh, INR 3 lakh, INR 4 lakh, INR 5 lakh and INR 7.5 lakh.
On the other hand, with the Star Senior Citizens Red Carpet Health Insurance Plan, Sum Insured on individual basis options are INR 1 lakh, INR 2 lakh, INR 3 lakh, INR 4 lakh, INR 5 lakh and INR 7.5 lakh. But on choosing the Floater Basis Plan, the Sum Insured Option can be INR 10 lakh, INR 15 lakh, INR 20 lakh and INR 25 lakh.
Policy Term
For both HDFC ERGO Health Suraksha Gold and Star Senior Citizens Red Carpet Health Insurance Plan, you can enjoy the flexibility in choosing the policy term. Both policies provide the option to choose a policy term of 1 year, 2 years or 3 years that policyholders can choose from according to their convenience.
Minimum Premium Amount
One of the most important things to look at when choosing between HDFC ERGO Health Suraksha Gold with Regain and Star Senior Citizens Red Carpet Health Insurance is the minimum premium amount that you will need to pay. In the case of Health Suraksha Gold from HDFC ERGO, the minimum premium amount can be INR 2,908 for the Sum Insured of INR 3 lakh. On the other hand, an individual can get the Star Senior Citizens Health Insurance plan with a minimum premium amount of INR 4,450.
Individuals can choose to pay the premium amount in installments at different intervals – Monthly, Quarterly and Half-yearly. However, you should remember that the premium amount depends on several factors such as the Age of the Insured Person, Gender, Sum Insured Option, Policy Term, Premium Payment Frequency, etc.
Eligibility
Individuals who are between 60 to 75 years of age can opt for Star Senior Citizens Red Carpet Health Insurance Plan as they come with lifelong renewals. While in the case of HDFC ERGO Health Suraksha Gold with Regain, there is no limit on the entry age into the policy, and here too, individuals will get lifelong renewability.
Additional Key Features
Want to know some additional key features of HDFC ERGO Health Suraksha Gold with Regain and Senior Citizens Red Carpet from Star Health Insurance? Well, you can see them below. Have a look!
| Features | HDFC Health Suraksha Gold Insurance Plan | Star Senior Citizens Red Carpet Health Insurance Plan |
|---|---|---|
| Pre-acceptance Medical Screening | No Medical Check-up up to 45 years | Not Required |
| Day Care Procedures | 144 Day Care Procedures are covered | All Day Care Procedures are covered |
| Pre- and Post-Hospitalization | 60 days before hospitalization and 90 days after discharge | 30 days before hospitalization and post-hospitalization expenses up to INR 10,000 |
| Room Rent Expenses | Available | Up to 1% of Sum Insured or up to INR 10,000 |
| Domiciliary Treatment | Available for treatment taken at home | Available |
| ICU Charges | Available | Up to 2% of the Sum Insured |
| Emergency Ambulance Charges | Available | Up to INR 3,000 per policy period (with a maximum of INR 1,500 per hospitalization) |
| Organ Donor Expenses | Available | Not Available |
| AYUSH Treatment (Ayurveda, Unani, Sidha or Homeopathy) | Available | Available up to a pre-decided limit |
| Optional Regain Benefit | Automatic Availability of Basic Sum Insured if you exhaust the basic sum insured and even a No Claim Bonus during the policy year. However, you will need to pay a 5% premium to enjoy this facility | Not Available |
| Optional Enhanced Cumulative Bonus | By paying an additional 2.5% premium, the cumulative bonus will increase to 10%, up to a maximum of 100% of the Sum Insured | Not Available |
| Convalescence Benefit | Lump Sum payment of 1% of the Sum Insured (up to a maximum of INR 10,000) | Not Available |
| Maternity Expenses | Available after a waiting period of 4 years | Not Available |
| Newborn Baby Coverage | Coverage of New Born baby from birth | No Available |
| Free Look Period | 15 days from the date of receipt of the policy | 15 days from the date of receipt of the policy |
| Tax Benefits | Available under Section 80D of the Income Tax Act, 1961 | Available under Section 80D of the Income Tax Act, 1961 |
So by now, you must have enough information about both the HDFC ERGO Health Suraksha Gold with Regain and Star Senior Citizens Red Carpet Health Insurance Policy. With this information, you can easily choose the suitable one for yourself according to your needs.