It is good to be prepared by having a health insurance policy that will take care of the medical and other expenses in case of illness. But, then the question comes to mind if I already have health insurance coverage, do I need to
purchase a critical illness policy? The simple answer to this question is, the kinds of illnesses that are covered under critical illness policies are usually long-term and sometimes life-threatening.
Even a few days of being critically sick can lead to exorbitant hospital bills, making it hard to maintain a favourable standard of living. These illnesses have a debilitating effect on the patient’s life, translate to huge medical
costs and leave the families struggling to meet daily expenses. In such situations, a critical illness insurance policy becomes the saviour, having critical illness insurance helps you to stay financially equipped as it guarantees
financial security when an individual requires funds for both medical treatments and for supporting the family.
Star Health Insurance Plan Detailed Review
9 Best Critical Illness Insurance Plans
All about Star Health Insurance and Plans
Features of Star Critical Illness Insurance
Some of the key features that Star Health Critical Illness Plans provide are:
Pre-hospitalisation medical expenses are covered for a period up to 30 days before the date of hospitalization.
Post-hospitalisation benefits up to 7% of the total medical expenses, and it is paid as a lump sum. This benefit is subject to a maximum of Rs. 5,000.
Pre-existing illnesses which started before a person's health insurance went into effect are covered after 48 months of continuous policy coverage.
There is no survival period for major illnesses covered.
The premium amount paid is eligible for tax relief under Section 80D of the Income Tax Act.
The sum insured amount can be enhanced during the time of renewal.
Copayment of 30% of each and every claim is mandatory for people with entry age above 60 years.
Portability option is available. However, the company must be notified at least 45 days prior to the date of renewal.
Star Health Critical Illness Plans
Star Health Insurance company is considered to be one of the most reliable options for health insurance plans in India. The critical illness insurance offered by Star Health Insurance comes with ample coverage and unique features that
makes it a wise choice. Let us have a look at the plan.
To cater to the different medical needs of an individual & their family, Star Health offers several Health Plans. Along with Star Critical Illness Policy, there are other 21 health plans to choose from. Take a look below to explore
Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation
of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.