Network hospitals
14000+
Claim settlement ratio
99.06%
Sum insured
2 CR
No. of Plans
21
Solvency Ratio
1.7
Pan India Presence
815
Network hospitals
14000+
Claim settlement ratio
99.06%
Sum insured
2 CR
No. of Plans
21
Solvency Ratio
1.7
Pan India Presence
815
Star Health Premium Calculator is an online tool designed to enable potential buyers to estimate the premiums that have to be paid against a particular plan. Star Health has introduced its own Premium Calculator to help you compare the premiums of different Health Plans that are offered. It is free for everybody and lets you plan according to your budget and needs.
Star Health Premium Calculator requests certain details related to policyholders in order to assess the premium amount payable towards a Health Policy. These include Sum Insured, Date of Birth, Email ID, Number of members, Age, Income among others. Based on these factors, it offers insights into the most suitable Health Plans that customers can purchase.
Please note that the list may vary according to plans.
The benefits offered by the Star Health Insurance Premium Calculator are manifold. Not only does the calcoylaye help you to get an approximate premium payable for your policy, but will also help you to plan your budget in advance. Take a look at the below section to explore the need of Star Health Premium Calculator:
Premium Estimation
It gives an estimation of the premium to be paid against a particular plan.
Rider Benefits
It gives an idea on whether additional riders can be included in the plan or not.
Premium Comparison
It allows you to compare the premiums of different plans, which helps narrow down on the most affordable option.
Customised Coverage
It lets you customize coverage features as per your requirements.
Financial Planning
Once you have identified the premium payable, you can ensure that you don't overshoot your financial budget with unexpected medical costs.
The below-mentioned features of Star Health Insurance calculator will give you an insight into its usefulness. Take a look:
1
Flexibility
The premium calculator offers flexibility in choosing your coverage option, adding/ deleting members, among other factors.
2
Online Accessibility
Star Health's Premium Calculator is accessible online, which makes it convenient to use from the comfort of your homes.
3
Instant Quotes
The calculator gives you instant results, inclusive of taxes, which is a good estimation of the net premiums payable.
4
Plan Comparison
With Star Health Insurance Premium Calculator, multiple plans are compared to offer you your best option.
5
Free of Cost
The tool is free of cost, which allows users to search for premium quotes many times.
6
Riders
It further shows the riders that can be added to your plans for enhanced coverage.
When it comes to premium estimation, there are multiple reasons why Star Health Premium Calculator can be relied upon. We have enlisted below the various parameters which will help you to trust the reliability of Star Health Insurance Premium Calculator.
Accurate Information
The results are based on personalized information which in turn, ensures a higher degree of accuracy.
Eliminates Risk of Wrong/ High Premium Calculation
The calculator directly shows the premium amount, which reduces any risk of wrong/ higher premiums.
Reduces Miscommunication
It reduces the possibility of errors in premium quotes which may arise due to miscommunication with a distribution agent/broker.
Featured Tool in Official Website
The fact that the company's official website features this tool is a good guarantor of its reliability.
Policy-specific Quotes
Premiums can be calculated for each plan separately, therefore the results are highly specific.
The premium payable against a Health Policy is possibly one of the foremost criteria for selecting a plan.
To calculate premiums, Star Health takes into consideration the following factors:
Age of Policyholder
As you age, chances of being diagnosed with medical illnesses increase, which in turn incurs greater risk for the Insurance Provider. Therefore, the premiums payable also increase.
In case of Family Floater Plans, it is the age of the eldest member covered under the Health Plan that determines the premium. This is because the eldest member is likely to increase the chances of raising claims.
Sum Insured (SI)
The Sum Insured option that you opt for, directly influences the amount of premium. Generally, the higher the SI, the greater will be your premium. However, in certain cases, opting for a high Sum Insured (up to a specified amount) makes you eligible for discounted premiums.
Pre-Existing Diseases/Disorders
A Pre-Existing medical condition is likely to incur a higher premium amount given the higher risk associated with such individuals. The severity of your illness is also factored into the decision-making.
Number of Members
As the number of members covered under a policy increases, the premium amount increases. However, certain plans offer discounts on adding new members.
Smokers/ Non Smokers
Smoking status plays a role in deciding the premium amount. A Smoker has to pay more premium as compared to a Non-Smoker, considering the numerous health complications associated with a Smoker.
Check out 'Health Insurance-Price Index' for more clarity.
Policy Tenure
Choosing a multi-year Star Health Insurance Plan makes you eligible for premium discounts. If you choose a long term coverage period, you have to pay the aggregate premium at once and you can also avail a premium discount. Thus, depending on the coverage duration chosen, the premium is calculated.
The following charts highlight the annual premium amounts payable against different Sum Insured (inclusive of tax) and age bracket of the Life Insured.
Family Health Optima Insurance Plan (1 Adult + 1 Child, Zone I Regions)
Age (in Years) | Sum Insured (in Rs.) | ||||
5 Lakhs | 10 Lakhs | 15 Lakhs | 20 Lakhs | 25 Lakhs | |
Up to 35 | 12,136 | 15,169 | 17,901 | 20,048 | 22,054 |
36-45 | 13,558 | 16,951 | 20,001 | 22,402 | 24,638 |
46-50 | 18,626 | 23,281 | 27,470 | 30,769 | 33,848 |
Star Comprehensive Insurance Plan (1 Adult + 1 Child, 1 Year Premium)
Age (in Years) | Sum Insured (in Rs.) | ||||
5 Lakhs | 10 Lakhs | 15 Lakhs | 20 Lakhs | 25 Lakhs | |
Up to 35 | 10,832 | 15,635 | 19,151 | 22,101 | 24,933 |
36-45 | 11,942 | 17,311 | 21,712 | 24,662 | 28,202 |
46-50 | 16,803 | 24,438 | 30,338 | 33,288 | 36,828 |
III. Star Cardiac Care Insurance Policy (1 Year Premium)
Age (in Years) | Sum Insured | |||
Rs. 3,00,000 | Rs. 4,00,000 | |||
Silver | Gold | Silver | Gold | |
10-60 | 16,632 | 22,172 | 19,010 | 25,341 |
61-65 | 19,128 | 25,500 | 21,860 | 29,140 |
Star Health displays an Insurance premium chart on the brochures of every plan. However, in order to accurately estimate the premiums inclusive of taxes and applicable discounts, the online Star Health Insurance Policy Premium Calculator comes in handy.
You can follow the below mentioned steps to calculate Star Health Insurance Premium.
1
Visit the official website of Star Health Insurance.
2
Click on the tab 'I want to buy' or 'I want to renew'.
3
Enter your name and who you wish to insure.
4
Click on 'Buy Now'.
5
Insert your contact details and click on 'Next'.
6
Enter Details & Click on 'Next'
The resulting page displays the most suitable plan for you. You can now choose the Health Cover amount and check the premium charged for it.
No, the premium calculation service offered at Start Health is free of cost. All the calculator needs is personal information about age, income, etc.
You can avail of discounted premiums with Star Health Insurance plans by opting for a multi-year policy, following a healthy lifestyle, or adding members to your plan.
Free-look period: If you cancel a Health Plan within 15 days of purchase, you are eligible to receive a complete refund of your premium. However, minimal charges associated with policy issuance and the risk cover till cancellation are deducted from the refund amount.
If you cancel the policy after the Free-Look period is over, the refund amount depends on the period after which you cancel.
Star Health Premium Calculator can be used by following the below-mentioned steps:
The Star Health Insurance Premium Calculator helps you in getting an estimate of your health insurance premium and also simplifies the complex premium calculations. The Star Premium calculator also helps you to compare various quotes, and assists in error free and quick calculations for premium.
To get the correct estimate in the Star Health Insurance premium calculator online, you need to furnish the details such as your age, family members covered, pre-existing diseases, add-on benefits etc.
Yes, a person with diabetes needs to pay more premium as compared to the one without diabetes. This happens because a person with diabetes is likely to be associated with high risk.
No, the Star Health premium calculator is an online tool that can be easily free of cost.
Yes, the calculator is totally reliable, as it shows accurate Information which is fully based on the information provided by you.
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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.
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