Star Health Insurance Company is treated as India’s first standalone health service provider. It started its business in 2006 and since then the company has carved its name in the health insurance segment.
Star Health offers a range of products to individuals, families, and even corporate clients. Products offered by Star Health Insurance include Health, Overseas Travel, and Personal accident insurance. The coverage under its plans is comprehensive and the premium rates are competitive.
Claim settlement ratio 97.5%
NCB* 50%, up to 100%*
PED Waiting# 36 months
Network Hospital 14,000+
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Key Features | Specifications |
Network Hospitals Available | 14000+ |
Waiting Period (Pre-existing Ailments) | 4 years |
Claims Settlement Ratio | 78.62% |
Policies Issued | 37,34,365 |
Covid-19 cover | Available |
Renewability | Lifelong |
* Year Data 2019-20
Also Read: Steps to Renew Star Health Insurance Policy Online
Below are some of the major benefits of availing Star Health Insurance Plans:
Star Health issues comprehensive policies. However, some claims are excluded from coverage due to their nature. These claims are called exclusions and each plan has a specific list of exclusions that can be found in its policy wordings. Some of the commonly found exclusions, however, include the following –
Also Read: Star Health Insurance Mediclaim Premium Calculator
Below is a comprehensive list of the top Star Health Insurance Plans for families and individuals:
This is a family floater health plan where you can pay a single sum insured to receive coverage for both individuals and families.
Members covered
Benefits:
This plan offers health coverage to individuals within 3 months to 65 years. The policy offers maternity coverage and newborn babies’ coverage.
Members covered
Benefits:
Also Read: Star Health Insurance Plans – Diseases Covered and Not Covered
You can buy Star Health policies online or offline. The online medium is easier since it allows you to buy the policy conveniently.
To buy the policy online, you can choose PayBima.com. PayBima is an online portal that helps you compare the different plans and then buy the best policy for your needs.
To buy Star Health insurance policies online through PayBima, the steps are as follows -
You get health insurance coverage lifelong if you renew the policy on time. Star Health insurance plans’ renewals can be done online. You just have to enter your policy number and other relevant details to view your policy. Thereafter, pay the renewal premium and the policy will be renewed.
You can make changes to your existing policy on renewals. Such changes might affect the premium. Pay the required premium and you get to renew the policy instantly.
If you do not renew the policy on time, you get a grace period. This period allows you to retain your renewal benefits but the coverage is not allowed. However, if the grace period is over, you also lose out on the coverage benefits.
PayBima allows you to renew your Star Health policy online. For any assistance in renewing the Star health insurance policy, you can contact PayBima by calling 1800 267 67 67 or drop an email at paybima.care@mahindra.com.
Below are the steps for the Star Health Insurance renewal process:
Also Read:
Below are the steps to follow for claiming Star health and allied insurance:
The ratio of claims that are settled by an insurer during a policy year as against the complete claims that the insurer receives during the year is called Claim Settlement Ratio.
The claim settlement ratio of Star Health medical insurance for the financial year 2018-19 was 90%, while it was 78.62% for the FY 2019-20.
Financial Year | Claim Settlement Ratio |
2018-2019 | 90% |
2019-2020 | 78.62% |
Also Read:
Below are the benefits:
# Co-payment is not required for individuals less than 60 years of age.
# Cover hospitalization expenses, critical diseases, free medical check-ups, Ayurveda treatment etc.
# Offers mediclaim plans for autistic children.
# Cover against coronavirus.
# No third-party administrator is involved in the claim process.
# Pre-existing diseases are covered after a 4 years of waiting period.
# The plans come with lifetime renewability.
Below are the steps for the Reimbursement Claim process:
# A on-field doctor will assist the insured in the hospitalization process.
# Once the treatment is over, the insured has to clear all dues and collect all treatment documents from the hospital.
# Now, fill and sign the claim form and submit all documents and bills (original copies) at the insurer's branch office.
# The claim will be settled as per the terms and conditions of the policy.
Below are the steps:
1. Go to the website of Star health Insurance.
2. Click on ‘Renew’ on the home page.
3. Submit policy details. Now, click on the tab ‘Renew’.
4. Choose the quote that suits you aptly.
5. Make the payment online.
# Star health card
# Duly filled and signed claim form.
# Copy of FIR or MLC (in case of accident).
# Reports of blood group, x-ray, scans etc.
# Doctor's consultation papers.
# Original invoice of medicine bills.
# Discharge summary
# Other documents
* The accumulated cumulative bonus or the NCB shall not exceed 100% of the Sum Insured on the Renewed Policy as specified in the policy terms.
# Ailments diagnosed within 48 months before the policy issuance date or any medical treatment received within 48 months before the issue date of policy
# Can be reduced to 12 months by paying an extra premium