Star Health and Allied Insurance Co Ltd started their operations in 2006. they launched individual health plans, overseas Mediclaim, and personal accident insurance plans. They provide excellent services and customized products to meet the needs and demands of their customers. They have a capital base of Rs.1,050 crore. It is one of the largest private health insurance providers in India and the first company to provide policy called Star Cardiac Care. This policy is launched people suffering from cardiac ailments.
Star health insurance offers a wide range of health insurance policies at good prices so that it can be affordable for all. They focus on making health insurance coverage available to all segments of the population.
Overview
- Network hospitals – 8200+
- Incurred claim ratio – 51%
- Renewability – lifetime
- a waiting period for pre-existing illness – 4 years
- of policies issued – 2579591
- Grievances solved – 72%
Note:-the data is for the year 2016-2017
Types of health insurance offered by Star Health and Allied Insurance
- Star Comprehensive Insurance Policy
- Star Medi Classic Insurance Policy
- Star Family Health Optima Insurance Plan
- Star Senior Citizens Red Carpet Health Insurance Policy
- Star Super Surplus
- Star Super Surplus Gold Plan
- Star Health Gain
- Star Criticare Plus
- Star Cardiac Care
- Star Unique Health Insurance Policy
- Star Wedding Gift Insurance
- Star Diabetes Safe Insurance Policy
- Star Family Delite Insurance Policy
- Star Health Insurance Netplus
- Star Micro Health Insurance Policy
- Star Care Insurance Policy
- Star Health Accident Care Insurance Policy
- Star Health Student Care Plan
- Star Cancer Care Gold
Common features
The following are the features which are common to all plans on offer:-
In-patient hospitalization
Inpatient hospitalization or treatment which includes all expenses. If he or she has been hospitalized for more than 24 hours.
Pre and post hospitalization expenses
Pre-hospitalization up to 30 days and post hospitalization up to 60 days. they usually met by a lump sum amount @7% of the expenses or rs. 5000, whichever is less
Pre-existing illness
It is included and the waiting period is usually 4 years preceding policy (2 or 3 years where specified)
Reinstatement of sum assured
Normally, it is allowed after a specified number of claim-free years
Floater and individual basis
In floater basis, members should be policyholder’s husband or wife and dependent children. whereas in the individual basis, the sum assured is made available to the insured person only(per person basis)
Benefits Offered in Plans of Star Health and Allied Insurance
They offer various health insurance plans for individuals, families, senior citizens, accident care and critical illness policies. The following list below are the benefits of Star Health Insurance plans:-
Individual health insurance plans
- Individuals age between 18- 65 years are eligible.
- It covers hospital cash benefits and free health check-ups facilities after the completion of a certain number of consecutive, claim-free years.
- There is no sub-limit on room rent and treatment expenses.
- Insurance policies from Star Health cover several day-care procedures
Family health insurance plans
- Affordable health insurance coverage is available on a floater basis.
- you can get up to 100% increase in sum insured for a claim-free renewal
- There is no sub-limit on room rent and treatment expenses.
- It will cover dental and ophthalmic treatments on Out-Patient Department (OPD) basis.
- air ambulance facility and second medical opinion are also included.
Senior citizen health insurance plans
- Senior citizens age between 60-75 years is eligible for the plan.
- Pre insurance medical test is not required.
- Insurance covers pre-existing diseases from 2nd year onwards.
- There is guaranteed lifetime renewability option in the plan
- In a network hospital, medical consultations can be availed as an outpatient
Accident care individual health insurance plans
- It has the coverage for accidental death, permanent and temporary disablement.
- For up to 100 weeks, get enhanced weekly compensation up to Rs.15,000 per week
- educational grant for dependent children.
- 5% cumulative bonus per annum up to a maximum of 50%.
- In case of permanent total disablement, Get up to 150% of the sum insured as compensation
*Note: Benefits mentioned below may vary from plan to plan. they are subject to the insurance company terms and conditions
Health Insurance Premium Calculator:
The online premium calculator available on the Star Health and Allied Insurance website. It makes easy to calculate insurance premium on your chosen health insurance policy. Visit the official website and click on your chosen plan. Once you have entered all the necessary information, you will get the insurance premium for the chosen policy quickly.
Related Topic: Factors that affect your car insurance premium
