Star Health and Allied Insurance has launched two new variants of their merchandise – Star Cancer Care Platinum Insurance Policy and Star Cardiac Care Platinum Insurance Policy. These merchandise address the demands of folks who are diagnosed with cancer and cardiac circumstances.
These policies do not demand any pre-health-related tests. However, the insured demands to submit the prior health-related records of therapy undergone at the time of acquiring the policy. Policies are renewable lifelong and premiums can be paid quarterly, half-yearly and annually as properly.
Cancer Care Platinum: Health Insurance for Individuals diagnosed and surviving with cancer. Covers persons aged in between 5 months and 65 years with a sum insured up to Rs 10 lakhs. Covers costs incurred due to hospitalization for cancer and non-cancer-connected ailments with applicable waiting periods. No waiting period for accidents, 30 days for non-cancer therapy, 12 months for hospice care, 30 months for therapy of cancer and pre-current ailments.
Lump-sum cover for cancer: 50 per cent of the sum insured as the optional advantage will be paid if the insured particular person suffers a recurrence, metastasis, and/or a second malignancy unrelated to initial cancer immediately after a waiting period of 30 months.
Cardiac Care-Platinum: Health Insurance for people diagnosed with cardiac ailments. Cardiac Care – Platinum covers persons aged in between 7 years and 70 years with a sum insured of up to Rs 15 lakhs. Covers expense incurred due to hospitalization for cardiac and non-cardiac circumstances immediately after 30 days of policy inception. No waiting period for accidents, 24 months for named ailments and heart transplant and 48 months for other pre-current ailments.
Dr S Prakash, MD, Star Health and Allied Insurance says, “Star Health Insurance is providing this insurance Cover for people diagnosed with heart disease and cancer. As a doctor, I see most of the time people in India seeking health insurance coverage after a major diagnosis like cancer/heart disease. Often they are not able to get cover for existing heart disease and cancer. Striving to change this and to include these deserving people as well under insurance cover, Star Health Insurance has introduced these products. These new policies are an endeavour to address a genuine and important need of our fellow citizens.”
Key Features of Star Cancer Care Platinum Insurance Policy
· Sum insured out there up to Rs. 10,00,000. Policyholders can opt for a sum insured of Rs 5,00,000, Rs. 7,50,000, or Rs. 10,00,000.
· Available for persons aged from 5 months to 65 years, diagnosed with Cancer.
· Covers in-patient hospitalization, daycare therapy, road ambulance, pre and post-hospitalization costs.
· Lump-sum Cover for Cancer – if the insured particular person suffers a recurrence, metastasis, and/ or second malignancy unrelated to initial cancer, then the insurer will spend a lump sum quantity. Note that this advantage is in addition to the indemnity sum insured.
· Waiting period of 30 months is applicable for the therapies connected to Cancer and for the Lump-sum advantage cover.
· Hospice Care – Hospice care in Oncology is care that focuses on the good quality of life of patients (as properly as their caregivers) who are experiencing sophisticated, life-limiting cancers. Payable up to 20 per cent of the sum insured at network providers on the indemnity basis, payable after in a lifetime. Available immediately after a waiting period of 12 months from the policy inception.
· Additional advantages – Hospice care, E-Second health-related opinion, Wellness services – Diet and Nutrition Programme, Weight management system, Specialist Consultation – Through Telehealth app.
Renewal advantages:
– The insured will get a Cumulative bonus of 5 per cent of the simple sum insured for each and every claim-absolutely free year up to a maximum of 50 per cent of the simple sum insured.
– Health Check-up – Insured can avail overall health verify-ups immediately after each and every claim-absolutely free year.
– Premium: For a particular person aged 36 yrs for Rs. 10,00,000 sum Insured, premium (excluding GST) is Rs. 23,605.
Key Features of Star Cardiac Care Insurance Policy – Platinum
· Sum insured is out there up to Rs 15,00,000. Customers can opt for a sum insured of Rs 5,00,000, Rs. 7,50,000, Rs. 10,00,000 or Rs.15,00,000.
· Available for persons from 7 years to 70 years who have been diagnosed with Cardiac issues.
· Waiting period for Cardiac issues: 30 days.
· Covers the – In-patient hospitalization, Day Care therapy, Road Ambulance, Pre and Post hospitalization costs.
· Expenses for Heart Transplantation are covered up to 200 per cent of the Sum Insured immediately after 24 months waiting period.
· Expenses connected to Cardiac devices are covered up to 50 per cent of the Sum Insured.
· Additional advantages: E-Second health-related opinion, Tele-overall health services, Wellness Services – Nutrition and Diet Consultation, Counselling (For Stress Management).
· Automatic Restoration of Basic Sum Insured after by one hundred per cent upon exhaustion of the sum insured and no claim bonus in the course of the policy period
· Discount on Renewal Premium – Insured can avail 10 per cent discount on the renewal premium, if he/she submits ECHO, Lipid Profile and HbA1c reports and are typical.
· Renewal Benefits:
– Health Check-up advantage on completion of each and every policy year
– Cumulative bonus of 10 per cent of simple sum insured for each and every claim-absolutely free year up to a maximum of one hundred per cent of the simple sum insured.
– Premium: For a particular person aged 50 years for Rs 10,00,000 sum Insured, premium (excluding GST) is Rs 31,035.