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Health Insurance 381 views January 8, 2021
Accidents are such events that always come uninformed and can happen to individuals anywhere. Other than physical injury, mental stress to your family, accidents can also cause trouble to your finances in case you need hospitalization. To protect your finances, Star Accident Care Individual Insurance Policy can be just the right option! This policy from Star Health can be a protector for you and your loved ones in case of an accident.
Interested in knowing more about Star Accident Care Individual Insurance Policy? Well, this page can help you in the same as we will be discussing its key highlights, benefits, and eligibility criteria. Keep reading!
Table of Contents
Why Should You Choose Star Accident Care Individual Insurance Policy?
As we mentioned earlier that you can protect your finances in case of an accident with Star Accident Care Individual Insurance Policy. But what are some other key features that make this policy one of the popular choices among customers? Well, we are showing some of those below. Take a look!
- With the Star Accident Care Individual Insurance Policy, individuals can get coverage against Accidental Death, Permanent Disability, and Temporary Disablement. So if you meet with unfortunate incidents like an accident, this policy could help you!
- This Health insurance plan from Star Health provides you compensation at 150% of the Sum Insured in case of permanent total disablement due to an accident. So, suppose your sum insured is INR 1 lakh, you will get a compensation of INR 1,50,000 in a situation of permanent total disablement.
- Policyholders can also enjoy an enhanced weekly compensation of up to INR 15,000 per week, for up to 100 weeks.
- Do you know that with the Cumulative Bonus facility on this Health Insurance plan, you can get a bonus of 5% per annum up to a maximum of 50%? So, if you don’t claim in a policy year, your Sum Insured will increase by 5% in the next year.
- Star Accident Care Individual Insurance Policy also provides a wide range of additional benefits without any extra premium amount. Wondering what are those benefits? Well, you can get an Education Grant for your Children, as well as cover for Ambulance Charges, Travel Expenses for one relative, Purchase of Blood, Transportation of Imported Medicines, etc. We will talk about these in detail later.
- If you are choosing to get coverage for your family, Star Health will provide a 10% family discount on the total premium paid towards the policy. On the other hand, if you are purchasing this policy online, you can get a discount of 5% on the premium excluding taxes.
- Policyholders can also choose from optional benefits like Home Convalescence, Hospital Cash, Coverage for Winter Sports, etc.
- You can review the policy within a free look period of 15 days as provided on the Star Accident Care Individual Insurance Policy.
What is the Policy Term of Star Accident Care Individual Insurance Policy?
If you are choosing Star Accident Care Individual Insurance Policy, you can choose from different policy term options. Star Health provides a policy year for 1 year, 2 years or 3 years from which you can choose according to your convenience.
Star Accident Care Individual Insurance Policy Benefits
Want to know the benefits that you can enjoy with a Star Accident Care Individual Insurance Policy? Well, we are mentioning some of them below. Please check!
Other than these benefits, you can also enjoy some of the additional benefits without paying any extra premium amount. We are showing the same below. Please check!
| Table A | Accidental Death | 100% of Sum Insured + Bonus (if any) |
| Table B | Accidental Death | 100% of Sum Insured + Bonus (if any) |
| Permanent Total Disablement | 150% of Sum Insured + Bonus (if any) | |
| Permanent Partial Disablement | Specific Percentage will be given according to disability | |
| Table C | Accidental Death | 100% of Sum Insured + Bonus (if any) |
| Permanent Total Disablement | 150% of Sum Insured + Bonus (if any) | |
| Permanent Partial Disablement | Specific Percentage will be given according to disability | |
| Temporary Total Disablement | This benefit will be provided during the period of Temporary Total Disablement because of an accident and resulting in hospitalization. The compensation will be 1% of the Sum Insured (maximum of INR 15,000 per week up to 100 weeks) |
- Education Grant to Children will be provided that will be INR 10,000 for 1 Child and INR 20,000 for Two or more Children
- Ambulance Charges coverage or Transportation expenses of Mortal Remains up to INR 5,000
- Travel Expenses of One Relative up to 1% of the Sum Insured with a maximum of INR 50,000
- Vehicle and/or Resident Modification up to 1% of the Sum of Table B and Table C (maximum of INR 50,000)
- Purchase of Blood up to 5% of Sum Insured Option with a maximum of INR 10,000
- Cover for the Transportation of Imported Medicines at 5% of the Total Sum Insured, up to a maximum of INR 20,000
Eligibility Criteria of Star Accident Care Individual Insurance Policy
There are a few conditions that an individual needs to meet to get Star Accident Care Individual Insurance Policy. Want to know them? Well, you can check them below.
- An individual with an age of 18 to a maximum of 70 years can choose this policy from Star Health.
- Other than individuals, children who are economically dependent on parents can enjoy coverage from as soon as 5 months of age.
- The family can also get coverage under this plan, and when we talk about Family; it includes the Insured Person, Spouse, Dependent Children aged between 5 months and 25 years.
- The Sum Insured Option will be decided according to the Monthly Income from gainful employment as decided by the Star Health Insurance Company. Also, the premium amount will vary according to the three risk groups namely 1 (Administrative Functions), 2 (persons engaged in Manual Work), and 3 (persons working in explosive industries, mine, etc.).