STAR HEALTH INSURANCE
Star Health Insurance is a venture between Oman Insurance Company, which is one of the
leading insurance companies in the Middle East and a few enterprising industrialists,
industry experts and business houses in India.
One of their health insurance plans is STAR TRUE VALUE HEALTH INSURANCE PLAN, which is a plan for the masses.
The SALIENT FEATURES of this plan are:
- Minimum sum insured is Rs.30000 and maximum sum insured is Rs.80000
- Hospitalization cover that would cover the insured for in-patient hospitalization expenses provided s/he is hospitalized for a minimum of 24 hours
- Any person between the age of 5 months and 55 years (at entry) can take this policy
- Family can be covered under one single policy. Family may include self, spouse, dependent children up to the age of 25 years and dependent parents
- Hospitalization cover expenses include:
- Room rent and boarding expenses up to a maximum of 2% of the sum insured per day
- Nursing expenses
- Surgeon’s fees, consultant’s fees, anesthetist’s fees
- Cost of blood
- Cost of oxygen
- Operation theatre charges
- Diagnostic expenses
- Cost of pace maker
- Cost of medicines and drugs
- Cataract surgery but the cover is limited to Rs.20000
PREMIUM TABLE:
SUM INSURED (Rs.) | 5 MTHS-25 YRS | 26-35 YRS | 36-45 YRS | 46-55 YRS |
30000 | 340/- | 375/- | 475/- | 0 |
40000 | 400/- | 450/- | 525/- | 0 |
60000 | 550/- | 620/- | 700/- | 1275/- |
70000 | 600/- | 710/- | 900/- | 1515/- |
80000 | 660/- | 850/- | 1005/- | 1800/- |
- A Service Tax of 10.3% needs to be added to the premiums mentioned above
- Premiums paid by cheque or credit card are eligible for relief under section 80D of the Income Tax Act
EXCLUSIONS:
- All expenses incurred in connection with treatment of any illness/disease/condition that is pre-existing at the time of commencement of the policy
- Treatment of any illness/disease/condition contracted by the insured within the first 30 days from the commencement of the policy
- Expenses incurred in the first 2 years of continuous operation of the policy cover on treatment of:
- Cataract
- Hysterectomy
- Menorrhagia or Fibromioma
- Knee replacement surgery (other than caused by an accident)
- Joint replacement surgery (other than caused by an accident)
- Prolapsed Inter-vertebral disc (other than caused by an accident)
- Varicose veings/ulcers
- Benign prostate
- Hypertrophy
- Hernia
- Hydrocele
- Fistula in anus
- Piles
- Sinusitis and related disorders
- Gall stone/renal stone removal
- Naturopathy treatment
- Expenses purely diagnostic in nature with no positive existence of any disease
- Expenses incurred for treatment of disease/illness/accidental injuries by medicines other than allopathic
- Expenses that are cosmetic in nature
- Expenses incurred on treatment of congenital diseases/defect/anomalies
An insurance product from Star Health Insurance can be bought by calling their toll free number 1800-425-2255 or one can also visit their website www.starhealth.in
ADDITIONAL BENEFITS of taking a health insurance plan from Star Health are:
- Cashless service without TPA intervention
- Direct tie up with all major hospitals in India
- 24 hours general practitioner’s advice and medical counseling
- 24×7 in-house call center
- Toll free telephone assistance
- First stand alone health insurance company
- Cumulative bonus ranging from 5% for every claim free year of insurance up to 10 claim free years of continuous insurance
- 10% discount on the premium if 2 persons are covered
- 15% discount on the premium if more than 2 persons are covered