Star Insurance

7/30/2019 Star Insurance

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INTRODUCTION

In your search for the perfect health insurance policy in India, you would have definitely come across the

brand name of Star. In this Star Health Insurance review we will try to help you figure out whether this

provider and its policies are worth paying premium for or not.

Star Health is basically a joint venture between the Oman Insurance Company, the ETA ASCON group, and

a number of other smaller insurers in the country. The venture now has over 140 branches all over India.

This provider is among the other standalone private companies in India, such as Apollo Munich and Max

Bupa. This provider in particular is recognized as a premier institution for individuals and families to

begin an insurance policy for their health.

With a wide range of policies for almost every disease and condition imaginable, this company has

distinguished itself in the eyes of the Indian consumer.

Lets take a look at some of the popular and noteworthy policies that this provider offers to Indian men,

women and families:

STAR HEALTH AND ALLIED INSURANCE, is a specialist in Health Insurance and provides quality service

at the best rates. As the country's first stand alone health insurance company in India, it is committed to

the service of the insured. There is no Third Party Administrator involved in claims settlement, which

means better service, in shorter time and no hassles...

Our Vision is PROTECTING HEALTH, PROMOTING HEALTH

Our Mission IsUltimate Customer SatisfactionWe believe that along with the essentials of honesty and integrity, a strong customer focus and reliability

are key to our success.

Led by stalwarts of the insurance industry, the team blends vast industry expertise with high service

standards to provide you the best of healthcare options.

To create an environment that will continuously spark innovation and maintain customer satisfaction

and which will prove irresistibly attractive to the best talent of the Insurance Sector.

We are committed to become a STAR in health and related insurance by offering our clients the utmost

flexibility to create a plan that's right for them. And by offering affordable financial protection that

effectively addresses their long term health needs. Our excellence in customer services consistently backs

our industry expertise.

Star Health and Allied Insurance Company Limited (Star Health) has a capital base of Rs.303 crores, more

than sufficient to form a General Insurance Company. However, Star Health has chosen to be in the field

of Health. It is India's first stand-alone Health Insurance Company in India and deals in Personal Accident,

Mediclaim and Overseas Travel Insurance.

Total Premium upto the month of March 2010 is Rs. 960 crore


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TRAVEL INSURANCE

Travel Plans Individuals

All of us tackle problems well when you are in an alien land, dealing in home currency, and are braving a

very different climate, any problem starts to seem like a daunting challenge. During travel, you are

adapting to the weather, the time zone change, the pronunciation, and the food among other things. So for

a gamut of risks you have to face up to, you need the Star Health Individual Travel Protect Policy, whether

it's business or leisure that takes you abroad.

Features of the individual travel insurance plan

When you travel abroad on business or holiday Star Travel Protect insurance policy provides you

coverage for the following exigency:

Emergency medical expensesRepatriation in case of medical emergency

Repatriation of mortal remains

Any dental emergency expenses following an accident

Compensation following accidental injuries

Loss of your checked in baggage(up to the limits)

Reasonable expenses incurred for obtaining new passport

Flight delay

Missed departure/connection

Hijack distress

Expenses on emergency purchases of consumables due to any delay in handing over your checked in

baggage by the carrier for more than 12 hoursPecuniary loss on cancellation of your trip due to any accidental bodily injury/death of a family member

Any Legal Liability that maybe fastened upon you, if you cause any bodily injury or property damage to

any third party

Eligibility

Any person normally residing in India aged between 6 months to 80 years traveling outside India on

business or holiday can take this individual insurance. Coverage beyond 80 years shall be considered on acase-to-case basis.

Is it necessary to undergo medical tests?

Not normally required. However, if the medical history as revealed in the proposal is adverse and for

persons who are above 60 years - ECG, Fasting & Postprandial Blood Sugar, Cholesterol Profile and Urine

Strip Test Plan reports are required to be submitted along with the proposal. The upper age limit for

medical tests may be relaxed on a case-to-case basis.


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SENIOR CITIZEN INSURANCE

Turning sixty is a major milestone. On the one hand, people tend to find more time for matters they

couldn't adequately attend to during their years of career preoccupation. On the other, there is mounting

anxiety about health. Yet, health insurance policies have hardly been available to address their needs.Star Health is proud to introduce India's first health insurance policy as a salute to our senior citizens. It

provides cover for anyone over the age of 60 and permits entry right up to the age of 69 with continuing

cover after that. It is our way of caring for a generation that has done so much to build the country.

Major Product Features

This Health Insurance Plan from Star Health is unique among Senior Health Insurance Policies and

extends benefits of Hospitalisation Cover as well as Post Hospitalisation Cover.

For people aged between 60 and 69 years

Guaranteed renewals beyond 69 years

No pre-insurance medical test required

Treatment at network hospitals only

All pre-existing diseases are covered from first year, except those for which treatment or advice was

recommended by or received during the immediately preceding 12 months from the date of proposal

Disease for which treatment or advice was recommended by or received during the immediately

preceding 12 months from the date of proposal will be covered from second year onwards

Policy Premium Including Service Tax

Sum Insured(Rs) Premium (Rs)

1,00,000 4,908

2,00,000 9,326

3,00,000 14,229

4,00,000 17,097

5,00,000 19,854


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Senior Health Insurance Policy Red Carpet Benefits

Hospitalization Cover: In-patient hospitalization expenses for a minimum of 24 hours. Includes roomrent and boarding @1% of sum insured subject to a maximum of Rs. 4,000/- per day.

ICU expenses per day @ 2% of sum insured

Nursing expenses

Surgeon's fees, consultant's fees, Anesthetist's and specialist's fees, per illness @ 25% of sum

insuredCost of blood, oxygen, pacemaker

Cost of drugs and diagnostic tests @ 50% of sum insured per hospitalization

Cataract (both eyes included), up to Rs.15,000/-

Emergency Ambulance Charges for transporting the Insured Person to the Hospital @ Rs.600/- per

hospitalisation and Rs.1200/- per Policy period

Sum Insured(Rs) Limit of Companys Liability (Rs.)

Treatment for Cardiovascular Diseases / Cerebrovascular Accident/Cancer and

breakage of Bones Renal Complications All other MajorSurgeries

1,00,000 75,000 75,000 60,000

2,00,000 1,50,000 1,50,000 1,20,000

3,00,000 1,60,000 1,60,000 1,30,000

4,00,000 1,70,000 1,70,000 1,40,000

5,00,000 1,80,000 1,80,000 1,50,000


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Post-Hospitalization

Post-hospitalization - a lumpsum calculated at 7% of the hospitalization expenses (excluding room

charges), subject to a maximum of Rs 5,000 is payable.

Tax benefits in Senior Health Insurance

Amount paid by any mode other than cash is eligible for relief as provided under Section 80 D of the

Income Tax Act

Claims Procedure

Call the 24-hour helpline 1800 425 2255 for assistance Inform the ID number/policy number for easy

reference In case of a planned hospitalisation, please inform 24 hours prior to admission into the hospital

In case of emergency hospitalisation, information to be given within 24 hours after hospitalization At

non-network hospitals, payments must be made upfront and then reimbursement will be effected on the

submission of documents

Star Advantages

No Third Party Administrator; direct in-house claims settlement Faster & hassle-free claim settlement

Cashless hospitalization, Network of more than 4700 hospitals across India

24x7 Toll- free Helpline

Free General Physician Consultation over phone. Doctors on duty 24x7. By quoting the policy number

any person can contact our Doctor on the toll free number 1800 425 2255 for medical advices. Free

Health magazines are issued to policy holders at regular intervals


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MEDI CLASSIC

The comforts and luxuries of today's life come at a price-the price of uncertainties. Of the uncertainties,

health of oneself and one's family is of prime concern. Add to this, the fact that medical expenses are

getting dearer. One ailment is all it takes to wipe out years of savings that was meant to realize your

dreams.

Mediclassic Insurance from Star Health is a policy that aims to provide reimbursement of hospitalization

expenses incurred as a result of illness/disease/sickness and/or accidental injuries, so that you can keep

your dreams alive.

Pre- Medical screeningCompulsory medical check up is done for persons above 50 years of age at the cost of the company

Pre-Existing Diseases / Illness

Are covered after 48 months of continuous insurance with us

Policy Benefits

Hospitalisation Cover : In-patient hospitalisation expenses for a minimum of 24 hours.Includes room rent

and boarding @2% of sum insured,subject to a maximum of Rs.4000/- per dayNursing expenses

Surgeon's fees, Consultant's fees, Anaesthetist's and Specialist's fees

Cost of medicines and drugs

Emergency ambulance charges for transporting the insured patient to the hospital upto a sum of Rs 750/-

per hospitalisation and overall limit of Rs 1500/- per policy period

Pre-Hospitalization & Post-Hospitalization

Pre-hospitalisation medical expenses upto 30 days prior to date of admission

Post-hospitalization - a lumpsum calculated at 7% of the hospitalization (excluding room charges)

subject to a maximum of Rs.5000 is payable

No-Claim Discount

Discount ranging from 5%- 25% for every claim-free year (except for the Family Package Plan)


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How much to pay

Sum Insured

(in Rs) 5 mths - 35 yrs 36 yrs - 45 yrs 46 yrs - 55 yrs 56 yrs -

65 yrs 66 yrs - 70 yrs 71 yrs - 75 yrs 76 yrs - 80 yrs

50000 575 700 1320 NA NA NA NA

100000 1200 1350 2447 3000 4547 4872 6029

150000 1800 2000 3400 4200 6717 7284 9284

200000 2350 2600 4583 5300 8768 9574 12420

250000 2800 3150 5548 7200 10696 11744 15433

300000 3300 3650 6170 8200 12625 13914 18449

350000 3750 4150 7408 10196 15964 15964 21341400000 4200 4500 8700 11451 16242 18015 24236

500000 4900 5400 10700 13958 19859 22113 30023

1000000* 7465 7965 13265 16525 NA NA NA

Service Tax extra

*Renewal upto 65 years for Rs. 10,00,000/- Sum Insured Option.

Rating for Family Package

(Available for persons below 45yrs. The sum insured is apportioned equally among insured family

members)Sum Insured Rs 200000 Sum Insured Rs.300000

2Adults 2348 3400

2Adults+1Child 2238 3825

2Adults+2Children 2320 4080

1Adult+1Child 2168 3230

1Adult+2Children 2206 3280

For GroupsGroup Size % of discount on Premium (excluding

add-on covers & service tax)

Upto 500 persons NIL

501-1000 2.5%

1001-3000 5.0%

3001-7000 7.5%

7001-10000 10%

> 10000 12%


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Optional Benefits On Payment Of Additional Premium

Hospital Cash: Provides for payment of Rs.500 for each completed day of hospitalisation. Maximum

per day is Rs500 and maximum per hospitalization is Rs1500/-. Maximum payable during the entirepolicy period is Rs3000. This benefit is payable only following an admissible hospitalization claim.

Applicable for persons between 21 yrs and 60 yrs.

Premium ranging from Rs.200 to Rs. 350 per person, depending upon the age.

Patient Care: Available for persons above 65 years. It pays for the attendant charges after discharge

from the hospital @ Rs 400 per day to a maximum of 5 days per hospitalization.

The engagement of such attendant must be recommended by the attending physician.

A waiting period of 2 days is applicable.

Premium Rs 300 per person.

New Born Baby cover: Available with Family package plan and provides for your new-born from birth

up to 5 months. Thereafter the baby can be covered as a regular person. The sum insured is restricted to

10% of the sum insured in respect of the mother. This cover is not available for immunization expenses /

post-natal expenses.

Premium 10% of policy premium.

Tax Benefits

Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D

of the Income Tax Act

What cannot be claimed?Treatment of illness/disease/sickness contracted by the insured person during the first 30 days from

the commencement date of the policy

First Two Years Exclusions: Cataract, Hysterectomy for Menorrhagia or Fibromyoma, Replacement

surgery for knee and/or joint(other than caused by an accident), Prolapse of intervertebral disc (other

than caused by accident), Varicose Veins and Varicose Ulcers

First Year Exclusions: Benign Prostate Hypertrophy, Hernia, Hydrocele, Fistula in anus, Piles, inusitis

and related disorders, Congenital internal disease/defect, removal of gallstones and renal stone

Naturopathy treatment

Expenses which are purely diagnostic in nature with no positive existence of any disease

Treatment of Congenitall external disease/defects/anomalies

Expenses which are mainly cosmetic in nature

Claims Procedure

Call the 24-hour helpline 1800 425 2255 for assistance

Inform the ID number / policy number for easy reference

In case of planned hospitalization, please inform 24 hours prior to admission into the hospital

In case of emergency hospitalization, information to be given within 24 hours after hospitalization

In non-network hospitals, payment must be made upfront and then reimbursement will be effected on

the submission of documents


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Family Health Optima

While choosing a health insurance plan, make sure you consider Family Health Optima. This is anexclusive insurance plan for the entire family under a single roof- one family one policy one premium and

one sum insured that floats among the persons insured net result : considerable flexibility and economy.

A Super Saver Policy among Family Health Insurance Plans

Single Sum Insured

Coverage for entire family

Single Premium

Considerable saving in premium as the family is covered under one policy

Who can take this Insurance?

Any person aged between 5 months and 60 years residing in India can take this insurance. Dependent

children up to 25 yrs can be covered

Family Includes

Proposer, spouse, dependent children upto 25 years, who are economically dependent on their parents

Pre- Medical screening

Compulsory medical check up is done for persons above 50 years of age at the cost of the company

Pre-Existing Diseases / Illness

Are covered after 48 months of continuous insurance with us

Policy Benefits

Hospitalisation Cover: Protects the insured person for in-patient hospitalisation expenses for aminimum of 24 hours. These expenses include room and boarding charges as per policy conditions

Nursing expenses

Surgeon's fees, Consultant's fees, Anesthetist's and Specialist's fees

Emergency ambulance charges for transporting the insured patient to the hospital upto a sum of

Rs.750/- per hospitalization and overall limit of Rs.1500/- per policy period


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Pre and Post Hospitalisation Cover

Pre-hospitalisation medical expenses upto 30 days prior to the date of admission

Post-hospitalisation calculated at 7% of the hospitalisation expenses (excluding room charges), subject

to a maximum of Rs.5000 is payable

How much to pay?

A: Adult C: Children up to 25 yrs. NA: Not Available

Sum Insured: Rs. 1,00,000

5 Months - 45 Yrs 46 Yrs- 55 Yrs 56 Yrs- 60 Yrs

2A 1765 NA NA

1A + 1C 1515 NA NA

1A + 2C 1640 NA NA

1A + 3C 1785 NA NA

2A + 1C 1890 NA NA

2A + 2C 2025 NA NA

2A + 3C 2165 NA NA

Age of the oldest family member covered should be taken for premium calculation

Service tax extra

Discount

A discount of 10% on Premium is allowed on renewal of the policy if there is no claim in the

immediately preceding year of the policy. This discount is not cumulative

Tax Benefits in Family Health Insurance

Amount paid by any mode other than by cash for this insurance is eligible for relief under Section

80D of the Income Tax Act


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What cannot be claimed?

Treatment of illness/disease/sickness contracted by the insured person during the first 30 days from

the commencement date of the policy

First Two Years Exclusions: Cataract, Hysterectomy for Menorrhagia or Fibromyoma, Replacement

surgery for knee and/or joint (other than caused by an accident), Prolapse of intervertebral disc (other

than caused by accident),varicose veins and varicose ulcers

First Year Exclusions: Benign Prostate Hypertrophy, Hernia, Hydrocele, Fistula in anus, Piles, Sinusitis

and related disorders, congenital internal disease/defects, removal of gallstones and renal stone

Naturopathy treatment

Expenses which are purely diagnostic in nature with no positive existence of any disease

Expenses incurred for non-allopathic treatment

Treatment of external Congenital disease/defects/anomalies

Expenses which are mainly cosmetic in nature

Claims Procedure

Call the 24-hour helpline 1800 425 2255 for assistance

Inform the ID number/policy number for easy reference

In case of a planned hospitalisation, please inform 24 hours prior to admission into the hospital

In case of emergency hospitalisation, information to be given within 24 hours after hospitalisation


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STAR ADVANTAGES

No Third Party Administrator; direct in-house claims settlement

Faster & hassle-free claim settlement

Cashless hospitalization

Network of more than 4600 hospitals across India

24 x7 Toll- free Helpline

Free General Physician Consultation over phone. Doctors on

duty 24x7. By quoting the policy number, any person can contact

our Doctor on the toll free number 1800 425 2255 for medical

advices.


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OTHER PRODUCTS

Medi Classic Under this particular policy, those insured will be covered for both pre- and post-hospitalization health care expenses. This also includes all expenses incurred for nursing, ambulancecosts, and the cost of medicines, drugs and other necessary medical items used during a procedure. Even

the fees of your specialist, be it surgeons, neurologists, etc, are covered.

Medi Premier There are two distinct sections that you will find in this plan. Section 1 deals with thecoverage of unexpected illness, while section 2 concerns itself with guaranteeing those insured with a

50% assured amount in case of a diagnosis of certain health conditions like cancer, strokes, or renalfailure.This plan is a good idea for those who expect to live a long full life, and would like to cater for as

much as they can for expected and serious diseases or conditions.

True ValueThis is the one policy that Star Health has initiated to rope everybody in this one is for themasses of India. You will find that there is a wide range of sum assured options ranging from Rupees

30-80,000 if you opt for this one.This cover also promises adequate coverage for hospitalization, nursing

and the cost of blood, oxygen and medicines. Your doctors fees are also covered here.

Super SurplusThis plan is available in two variationsone for individuals, and another for the entirefamily. It is recognized as a good choice for protection at a significantly low price. The maximum sum

assured under this cover is of Rupees 10,00,000.

Senior Citizen Red CarpetAs the name suggests, the coverage found here is applicable for seniorcitizens in India. This means that only men and women over the age of 60 years are allowed to apply.All

pre-existing conditions and diseases are covered during the first year. You will find that in-patienthospitalization, the cost incurred for nursing, medicines, drugs and doctor consultations are all included

here.

Family Health OptimaThis can be considered to be the cheapest option for Indians looking for aprovider that covers an entire family under a single sum assured. Every family member between the age

of 5 months and 60 years is eligible to benefit from this policys coverage.

Star Netplus Specially initiated for victims of HIV, this policy has no age limitations for applicants.Only people who are medically diagnosed as being HIV positive in India are considered for coverage.

Diabetes Safe InsuranceOnly individuals who have Diabetes Mellitus Type II can apply for this plan. Itoffers coverage to these individuals for treating conditions that are common among people suffering

from this disposition. Conditions included here are:

1. Diabetic Retinopathy2. Diabetic foot ulcer, and3. Diabetic Nephropathy


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NEWSPAPER

ARTICLES


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CONSUMERS VIEWPOINT ABOUT STAR

Customer Appreciation

Read what our customers have to say about us.

Many thanks to make me feel that, "I am part of Star Health Care family and caring like a family

member at the time of crisis"... happily associated with Star health

- JitendraVerma

I am very thankful to you for passing a Cashless hospitalization with a prompt and favorable reply

from your side for the Family Health optima policy vide no. P/171114/01/2009/002513 &Previous Policy No.P/171114/01/2008/001070.Looking forward for the same cooperation from

your side. Once again thank you very much. I really appreciate your prompt service

- D.V.Ramudu,Kurnool, Chennai

Many thanks for a very prompt claim process. This is the first claim I ever made though I have the

insurance for the past 4 years and was worried on the time it will take for me to get my claim

addressed. The star health insurance co- ordinator for our company was very supportive and I got

the claim settled well before my expected time. Thanks for doing a good work - Karthikeyan V,

Chennai

I am very thankful to you for passing a Cashless hospitalization with a prompt and favorable replyfrom your side for the Family Health optima policy vide no. P/171114/01/2009/002513 &

Previous Policy No. P/171114/01/2008/001070. Looking forward for the same cooperation from

your side. Once again thank you very much. I really appreciate your prompt service.

- Ashok L. Ghadi

I have received the money which has been deposited by me for Insurance by your proper action

and I am very obliged by your quick proper action which I never got erlier from any one. Thank

you for your SYMPATHETIC HUMANITARIAN attitude to the people like me.

- SibnarayanMisra, West Bengal

Thanks for your prompt action and support. My mom was operated for laparoscopiccholecystectomy and you settled the claim within no time. Thanks for your co-operation and I

really appreciate it

- AmitPrabhudesai, Chennai

Many thanks for settling my claims. I appreciate all the consideration shown and allowing

maximum benefit. This is indeed a big support at a time of trial for a cancer patient going thru

very high cost treatment. Let me also thank IRDA for kind follow up

- Gopalan, Chennai


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Sr.no TOPIC Pg.no1 INTRODUCTION

2 TRAVEL INSURANCE

3 SENIOR CITIZEN INSURANCE

4 MEDI CLASSIC

5 FAMILY HEALTH OPTIMA6 STAR ADVANTAGES

7 OTHER PRODUCTS

8 NEWS PAPER ARTICLE

9 CONSUMERS VIEWPOINT

ABOUT STAR

10 BIBLIOGRAPHY

11 ACKNOWLEDGEMENT

12 PRESENTED BY

SIGNATURE_________________


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BIBLIOGRAPHY

THE INFORMATION OF THE COMPANY WAS DERIVED FROM

1)www.starhealth.in

2)www.google.com3) We also approached a insurance agent Mr. Mustansir

Bootwala

4)We also visited the company and met Mr. Abhishake

Bhiya
http://www.starhealth.in/http://www.starhealth.in/http://www.starhealth.in/http://www.google.com/http://www.google.com/http://www.google.com/http://www.google.com/http://www.starhealth.in/


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ACKNOWLEDGEMENT

Star Insurance

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