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 Insurance company began its journey in 2006 as a standalone Health Insurance provider. Since then, the company has introduced a wide range of Health Insurance plans that cater to different healthcare needs.
The company offers an easy procedure, allowing its customers to experience a hassle-free Star Health Renewal process.
This article talks about online star health renewal in detail.
Take a look at the below mentioned benefits that one can avail from online Star Health Renewal.
By renewing your health policy on time, you ensure that you and your family have access to hassle free coverage against unannounced medical emergencies.
With every Health Insurance policy comes a waiting period clause of 24-26 months for specific illnesses like cataract, thyroid-related diseases, ENT, etc.
Timely renewal of your Health Insurance policy will ensure that post successful completion of the specific time frame, you will be eligible to enjoy the coverage against specific diseases/ illnesses.
Renewing your policy helps you to customize your plan as per your needs. You can add or remove a family member, or if required, upgrade the policy terms depending on the requirements and opt for the rider options, if available.
Most Health Insurance companies, including Star Health Insurance, offer No Claim Bonuses. Star Health Insurance allows an insured to avail upto 50% of the basic sum insured for every claim-free year up to a maximum of 100%.
Not renewing your health policy on time will result in losing this bonus that you have accumulated till date.
Star Health Insurance company allows the policyholder to renew the policy via many platforms. Read along to explore the best-suited way for your policy renewal:
Offline Procedure
If you are unable to renew your policy online, you can visit the nearest branch and renew your policy from there.
Note:You can get in touch with our experts at PolicyX.com, who would assist you to get your Online star health renewal completed.
As it is said, renewing your Health Policy on time can offer several benefits to the policyholders. It is always recommended to pay your insurance premiums on time to avoid a financial crunch at the time of a medical emergency.
One has the option to renew their policy before the renewal date, or during the grace period.
If you do not renew your policy during the grace period, you have to buy a new policy and follow all the formalities and clauses once again.
In situations where the policyholder fails to pay their Health Insurance premium on time, they still have a chance to pay the pending premiums within the grace period of 30 days to maintain continuity of benefits without any breaks.
However, during this period, one cannot avail of any coverage during the grace period but can secure the benefits that he/she has availed in the past policy year.
As per IRDAI, every policyholder has the right of portability, provided that they have maintained the previous policy without any break. One can opt for portability if he/she is not happy with the current insurer's services such as the claim settlement process, or doesn’t offer coverage or features which are being offered in another company’s product.
To port your policy follow the below steps:
Get in touch with the new Health Insurer at least 45-60 days before the premium renewal date of the existing policy.
You have to fill a proposal form with your request of portability and need to submit the previous policy details.
Once the company receives your request, they will verify your details with your existing insurer and check your health history and claim status.
Based on the information received and the underwriting guidelines, your new health insurer can either accept or reject your proposal
Note: Always keep in mind that porting your health insurance policy will end all the benefits you have gained until now such as No Claim Bonus, end of the waiting period, etc.
Therefore, before porting your health insurance policy, check the new insurer’s terms and conditions, and choose wisely.
Know More About: Health Insurance Portability
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.