Following safety measures to fight this deadly virus is the need of the hour. Washing your hands, not touching your eyes, mouth & nose, and social distancing can help you but only to a certain extent as even after observing all the prescribed measures, people are getting infected with the virus everyday.
Therefore, you should always be prepared for the worst scenarios. If an unfortunate event befalls and you or your family members get infected, you should be prepared for shouldering the treatment costs.
To help you overcome such situations, Star Health has presented Star Novel Coronavirus (nCoV) (COVID 19) Insurance policy. The policy provides coverage for the expenses incurred during the treatment of COVID-19 infection. The plan comes on an individual basis, and only one policy is allowed for one insured person
Let's explore more about the plan.
|Minimum age of entry||For Children: 3 Months |
For Adults: 18 years
|Maximum age of entry||For Children: 25 years |
For Adults: 65 years
|Sum Insured||Rs. 21,000 and Rs. 42,000|
|Policy Term||1 Year|
|Premium Amount||Rs. 21,000: Rs. 353 |
Rs. 42,000: Rs. 706
**Last Updated on 01-04-2021
The Star Novel Coronavirus (nCoV) (COVID-19) insurance policy is one of its kind policies and is specially designed to offer coverage against this deadly viral infection. The plan has many unique features that include:
The policy provides a lump sum payment as a benefit to the policyholder who has contracted Coronavirus COVID-19 and has had to undergo hospitalization.
Star Health Insurance takes pride in having a shorter waiting period as compared to other insurance companies. For this policy, you only have to wait for a period of 16 days from the commencement date of the policy.
There is no medical screening or testing requirement for applicants.
A free look period is available from the company, whereby you can buy this policy, and if unsatisfied, can return it within 15 days. The refund is applicable only if no claim has been made. Refunds are applicable only for the purchase of the policy and not for renewal.
Tax benefit under Section 80 D of the Income Tax Act is available for the premium paid for obtaining this policy.
Following are the exclusions of the policy, which menas payments will not be made for any of the following:
Currently it is unadvisable to step out of your house unless extremely urgent. Therefore, for your convenience, you can buy this policy from the comfort of your home. Just follow the steps below and secure your health expenses from Coronavirus:
Visit the official website of Star Health Insurance company and click on the 'Plans'.
Select 'View All Plans' from the drop-down menu.
Scroll down and find "Star Novel CoronaVirus Insurance Policy" and click on Buy Now option.
Fill in all the necessary details such as your name, date of birth, contact information, policy tenure, and variant you want to buy.
Choose the coverage amount, and the page will show you the payable premium amount including all the taxes.
Pay the premium online and the policy will be mailed to your registered email address.
Claims against the policy can be made by the insured person or anyone else on their behalf by following the claims procedure mentioned below:
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No, the policy ceases to operate either once a claim is settled or on completion of one year.
This is not a problem since a child can be covered under this policy as a dependent along with the parent. Children, up to 25 years of age can be covered under the policy.
At present, the policy duration is 1 year and since it is a pilot product, renewal is allowed until the product is offered.
Yes, cancellation is possible anytime. If the policy is cancelled before 3 months, 15% premium can be refunded. If the policy is cancelled after 3 months, no refund may be given.
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Last updated on 01-04-2021
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