Star Health Care Insurance Benefit

Star Health Insurance is a reputed company in the field of health insurance. With over 300 branches in India, the Star Health and Allied Insurance Company has a very impressive claims settlement ratio (CSR) and offers comprehensive benefits in a multitude of health insurance plans. Including individual, family floater, and group insurance covers, with specially designed senior citizen health insurance plans, critical illness packages, and personal accidental plans, Star Health Insurance is nothing less than a one-stop halt for evaluating and investing in different health insurance and investment policies.

As an insurance company, the Star Health Insurance company has won several prestigious awards as well. It won the WHO Award of Excellence in 2017 and has been the recipient of the Best Insurance Provider of the Year in 2018-19. Offering satisfactory consumer services and easy access in the different parts of the country, Star Health Insurance Plans are innovative, unique, and comprehensive. In this article, we are going to look at the key benefits of having a health insurance plan under this insurance company.

Benefits of Buying Star Health Insurance Plan

The following is a list of some significant benefits that any person can avail of by buying a Star Health Insurance Plan -

1. Cashless Claims Benefit

One of the major benefits of having a Star Health Insurance Policy is the cashless benefit. Under this benefit, the insurance company will directly transfer the medical expenses incurred by a policyholder to the hospital or medical clinics where they are admitted. The cashless benefit feature ensures that there is no extra borrowing or spending from the long-term investment and savings of the policyholder, thereby securing and supporting them financially under any kind of medical emergency. Furthermore, this cashless benefit can also be utilised by the policyholder in case of domiciliary hospitalisation or on the occasion of availing medical treatment at their homes. Hence, by buying Star Health Insurance, you are effectively protected from any kind of financial distress or trauma.

2. Medical Expense Benefit

Unlike other health insurance policies that come with a deductible or co-payment clause for receiving reimbursement of medical expenses incurred by them, the Star Health Insurance company fully covers your entire medical expenses. From consultation, diagnosis, and tests to complex medical procedures such as surgeries, you can be assured of complete coverage of all your medical costs. Certain health insurance policies often require the policyholder to pay a portion of their expenses for even daycare procedures such as a cataract operation, dialysis, or chemotherapy. The medical expense coverage feature under Star Health insurance policies pays off these payments as well and effectively supports and protects you during times of medical emergency.

3. Free-Health Check-Up

Buying health insurance under the Star Health Insurance policy ensures your physical well-being as well. By facilitating free health checkups and consultations for yourself and your family members it ensures that no underlying or asymptomatic health condition is unaddressed. This is also an extremely important feature for senior citizens since our susceptibility to certain illnesses and diseases increases with age, and being under frequent medical scanning is a good preventive option. This benefit thus augments and protects your health, by paving the way for timely prevention and offering adequate financial coverage.

4. Complete Coverage

Star Health Insurance plans come with a complete coverage option. In comparison to most insurance policies that offer either an individual or a family floater option, health insurance plans under this insurance company offer complete coverage that involves you, your family members, your parents, and your children. Moreover, it is also available in specifically designed formats of a critical illness cover and personal accident cover that seek to identify and offer optimum coverage to the different needs of different people. By investing in a Star Health Insurance Plan, you secure overall protection for yourself and everyone else around you as well.

4. Tax Benefits

A policyholder of the Star Health Insurance Policy can avail of attractive tax benefits under their insurance policies. Tax deductions are applicable under section 80D of the Income Tax Act of India where a discount can be availed against all premiums paid by a policyholder in a single policy year. This also doubles up as a regular and fixed source of non-taxable annual income for the policyholder.

These are in brief, the most significant benefits of having a Star Health Insurance Plan. There are several other benefits associated with its other plans but these benefits can be availed by anyone buying any kind of policy. However, this is only a suggestive list and any policy that you buy should take into consideration your financial and medical coverage requirements.

Disclaimer: This article is issued in the general public interest and is meant for general information. Readers are advised not to rely on the article's contents as conclusive and should research further or consult an expert in this regard.