Star Health Super Surplus Insurance policy offers comprehensive coverage, far surpassing the offerings of basic health insurance plans. This policy is tailored to provide substantial financial assistance during medical emergencies and is a prudent choice for individuals seeking robust protection.
The policy’s key features encompass a wide spectrum of medical expenses, including inpatient hospitalization, day-care procedures, delivery charges, and others. This extensive coverage transforms the policy into an affordable and complete package suitable for a diverse range of individuals.
In this guide, we will cover the layers of protection that make this policy an invaluable asset for everyone and anyone.
Features & Benefits of Star Health Super Surplus Insurance Policy
1. High Sum Insured at Affordable Rates
Star Health Super Surplus Insurance policy stands out as a top-up health insurance solution as it offers a substantial sum insured at a cost-effective premium. This ensures extensive coverage without burdening your financial resources.
2. No Pre-Acceptance Medical Screening
Opting for this policy eliminates the hassle of undergoing pre-acceptance medical screenings. The simplified application process allows individuals to secure coverage without the need for extensive medical examinations.
3. Individual and Floater Basis Options
This health insurance plan is available for both individual and floater basis. It provides flexibility in coverage options, accommodating the unique requirements of policyholders.
4. Tax Benefits
Premium payments made through any mode other than cash for the Star Health Super Surplus policy qualify for tax benefits under the Income Tax Act, 1961. This adds a layer of financial advantage for policyholders.
5. Free Look Period
You have 15 days after getting the policy to look it over and change your mind if you want. But remember, this only applies when you first get the policy, not when you renew it.
6. Effortless Claim Settlement
With the Star Health Super Surplus policy, claiming benefits is easy and stress-free. The process is simplified so you can get your claims settled quickly and smoothly.
7. Free Telephonic Medical Consultation
You can access expert medical guidance at no additional cost with free telephonic medical consultation. This valuable benefit allows policyholders to seek professional advice conveniently over the phone, promoting proactive healthcare management.
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Inclusions of Star Health Super Surplus Insurance Policy
- Maternity coverage (up to a specified limit) for normal and c-section deliveries
- Air ambulance cover up to 10% of the sum insured exceeding Rs.10 lakh
- Organ donor expense cover taking care of all costs for organ donors during transplants
- Pre and post hospitalization expenses (30 days and 60 days respectively)
- Day-care procedure coverage
- Coverage for pre-existing diseases after completing a waiting period of 36 months
Eligibility Criteria Related to Star Health Super Surplus Insurance Policy
- Age Criteria: 18 years to 65 years
- Coverage for Children: Aged 91 days to 25 years (with their parents)
- Lifelong Renewability: Available
The eligibility criteria of the Star Health Super Surplus Insurance plan is designed to cater to a diverse demographic, from young adults to those approaching retirement age. The flexibility in coverage extends to children, fostering a family-oriented insurance solution.
Cancellation Policy Related to Star Health Super Surplus Insurance Policy
If a policyholder decides to cancel the Star Health Super Surplus Insurance policy, the process is governed by a transparent and structured cancellation policy. The cancellation can be initiated by providing a written notice at least 15 days in advance.
The refund of the premium for the unexpired policy period is determined based on the period of risk (the duration the policy has been active). The refund structure will be as follows:
- For period of risk up to 1 Month: 25% of the yearly premium retained by the insurer
- For period of risk ranging from 1 Month to 3 Months: 40% of the yearly premium retained by the insurer
- For period of risk ranging 3 Months to 6 Months: Refund of 60% of the yearly premium retained by the insurer
- For period of risk ranging from 6 Months to 9 Months: 80% of the yearly premium retained by the insurer
- For period of risk exceeding 9 Months: Retention of the full annual premium
This cancellation policy ensures a fair and graduated refund mechanism, aligning with the duration of the policy in force.
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FAQs
What is the sum insured amount offered by the Star Health Super Surplus Policy?
Star Health Super Surplus Policy provides two plan variants: Gold and Silver. Regardless of the chosen variant, the sum insured amount ranges from Rs.5 Lakh to Rs.25 Lakh.
Who can grab the Star Health Super Surplus policy?
If you’re anywhere between 18 and 65 years old, this policy is up for grabs. It’s not just for a specific group – it’s for anyone in that age range looking for some extra health coverage. So, if you fit the bill, this policy is ready and waiting for you.
Can I keep rolling with the Star Health Super Surplus Insurance policy for as long as I want?
The policy can be your lifelong buddy – you can renew it as long as you need. So, no stressing about cutoffs or limits – it’s here for the long haul.
Does the plan cover organ donation expenses?
Yes, the Star Health Super Surplus Insurance policy covers expenses related to organ transplant procedures, but only if the policyholder is the recipient.
Does the Star Health Super Surplus plan include co-payment?
Yes, the Gold variant of the policy includes a co-payment feature. Under this provision, policyholders aged over 60 years are required to contribute 10% of the claim amount as co-payment for each claim made.
Does the policy cover delivery-related expenses?
Yes, the Star Health Super Surplus policy covers delivery costs, including c-section deliveries. It also includes post and pre-natal expenses, along with the cost of procedures such as abortion. However, the coverage is capped at a maximum of Rs.50,000 per policy year. Additionally, the policy allows a maximum of two deliveries throughout the entire lifetime of the policyholder.
What is the waiting period for pre-existing diseases in the Star Health Super Surplus policy?
The waiting period for pre-existing diseases and illnesses under this health insurance policy is 36 months.
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