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Star Health Premier Insurance Policy – Features and Review

Star Health Premier Insurance Policy – Features, Eligibility and Review

Star Health Insurance has recently launched Premier Insurance Policy which has several unique features. Star Health is a standalone health insurance company which has several health insurance plans. However, this recent one is an enhancement to its other plans with added benefits. What are the features of Star Health Premier Insurance Policy? Should you opt for Star Health Premier Insurance Policy?

Key Highlights of Star Health Premier Insurance Policy

Here are the major highlights in this plan.

While there are several health insurance plans for senior citizens and below that, there is no specific plan for 50+ age. This health insurance plan is targetted for 50+ age individuals.

It is a unique indemnity health insurance product that covers hospitalization expenses due to Illness or accident.

This plan is offered for 1 year, 2 years and 3 years tenure.

Sum assured ranges between 10 lacs to 1 Crore.

This plan can be taken on an individual basis or family floater. In case of family floater policy 2 adults and 3 children can be covered.

This plan comes with wellness discount up to 10%.

Cumulative bonus of 20% of the sum assured for each claim free year – maximum 100%.

Benefits in Star Health Premier Insurance Plan

Here are the major benefits in this health insurance policy.

Coverage of expenses for room, boarding, nursing etc. Up to 1% of the sum assured per day or actual whichever is less.

Covers Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees.

All types of day care procedures are covered.

Expenses incurred for treatment of cataract are covered up to the limits per eye per policy year.

This plan also covers for non-medical Items (Consumables)

Covers ambulance charges up to admissible hospitalization claim.

Coverage towards air ambulance up to Rs 2.5 lacs per hospitalization and maximum up to Rs 5 lacs in the policy year.

Coverage of pre-hospitalization expenses up to 60 days.

Coverage of post-hospitalization expenses up to 90 days.

Organ Donor Expenses are covered.

AYUSH treatment is covered up to the sum insured.

Automatic restoration of the sum insured by 100%.

The policy offers cumulative bonus which is 20% of the sum insured for each claim free year – Max of 100% of the sum insured.

This policy offers coverage towards expenses incurred towards health check-up for every claim free year which is payable on policy renewal.

Expenses incurred for an outpatient treatment up to the limits are payable from day 1 of taking the policy.

This plan offers discounts on policy renewal for maintaining a healthy lifestyle through wellness activities.

Pre-existing disease waiting period is 24 months. The initial waiting period is 30 years from the date of the policy.

There is no pre-acceptance medical screening.

There is a co-payment of 20% for every claim where the individual is above 65 years.

Coverage over 12,000 network hospitals across India.

Eligibility to take Premier Insurance Policy of Star Health

Any individual who is above 50 years of age can take this health insurance policy.

There is no maximum limit on opting this plan.

For dependent children, they should be in the age of 91 days to 25 years to be part of the family floater policy.

Positive Factors in Star Health Premier Insurance Policy

Here are the major positive factors in this health insurance plan.

This health insurance plan is specifically designed for 50+ individuals. One can opt either for them on an individual basis or family floater plan.

Generally, health insurance plan comes for 1 year or a maximum of 2 years. This health insurance plan is offered for 1 year, 2 years and 3 year term.

Star wellness program offers 10% discount.

Cumulative bonus of 20% of the sum assured each claim free year with maximum of 100%.

This is a comprehensive health insurance plan that covers pre-hospitalization, post-hospitalization expenses, day care procedures etc.,

This policy also covers non-medical items (consumables).

This plan covers health check-up expenses up to specific limit during policy renewals.

Coverage of outpatient expenses from day-1.

Discount on premium for 2 year and 3 year policy. In case of the 2 year policy, 20% discount on 2nd year premium is offered. In case of the 3 year policy, 11.25% discount is offered on 2nd and 3rd year premium.

Negative Factors in Star Health Premier Insurance Policy

Here are the major negative points in this health insurance policy.

Pre-existing diseases waiting period of 24 months.

Co-payment of 20% for every claim for the individuals who are above 65 years of age.

One should always compare various Health Insurance Plans before opting any one.

Should you opt for Star Health Premier Insurance Policy?

This Premier Insurance Policy from Star Health Insurance company is a  comprehensive health insurance plan. While it covers regular hospitalization expenses, day care expenses, ambulance charges, etc., it also covers outpatient expenses from day-1 and also have several other benefits like automatic restoration of sum assured up to 100% etc. Major negative factor is co-payment for individuals aged above 65 years. Beyond this, all other negative factors are there in every health insurance policy. One should assess various features in this plan and all negative factors. If found suitable, they can opt this health insurance plan.

Source: Star Health Premier Policy Brochure

Suresh KP

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