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Health Insurance February 26, 2021
A health insurance plan can help protect your finances if faced with any medical emergency. But choosing a suitable plan for yourself or your family can be a tough task as insurers offer different plans. Star Cancer Care Plan and Care Freedom Plan are two popular health insurance plans in the market today. Here, we will be comparing these two plans to help you make the right decision.
But first, let’s look at the striking features of the Star Cancer Care Plan and Care Freedom Plan. In the below table, you can check the same.
|Star Cancer Care Plan||Care freedom Plan|
Table of Contents
Star Cancer Care Plan is the first-ever unique pilot product designed especially for individuals fighting against cancer and are at risk of recurrence, metastasis, or second cancer (unrelated to first cancer). Here, a pilot product means that it is launched on a test basis for 5 years. Care Freedom Plan, in contrast, can be a right fit for individuals affected with diabetes, high blood pressure, and high body mass index (BMI).
So, this is the basic comparison between these two plans. To know in detail, we will be comparing them on several factors such as the sum assured, coverage period, additional features, premium amount, etc.
Both the Star Cancer Care plan and Care Freedom plan provide the freedom to choose from different plan options. Under the plan from Star Health, there are three sections — Lump Sum Benefit, Indemnity Cover for Surgical & Interventional Therapy, and Indemnity Cover for Non-Surgical & Non-Interventional Therapy. The overall sum insured will be distributed into these three sections.
You can choose the sum insured between two options — INR 3 lakh and INR 5 lakh. To know more, you can check the below table!
|Sections||Sum Insured Option of INR 3,00,000||Sum Insured Option of INR 5,00,000|
|Lump-Sum - Recurrence, metastasis, second cancer unrelated to first cancer||INR 1,50,000||INR 2,50,000|
|Indemnity Cover - Surgical & Interventional Therapy||INR 1, 00,000||INR 1,50,000|
|Indemnity Cover - Non-Surgical & Non-Interventional Therapy||INR 50,000||INR 1,00,000|
On the other hand, with the Care Freedom plan, individuals can choose between two plan options — Plan 1 and Plan 2. The sum insured option for Plan 1 can be either INR 3 lakh or INR 5 lakh, while for Plan 2, it can be either INR 7 lakh or INR 10 lakh.
Despite being a pilot product ( 5-year test basis), the policy term of Star Cancer Care can last for a year. However, you can renew the policy every year. On the other hand, you can choose the policy term from – 1 year, 2 years and 3 years under the Care Freedom Plan.
In the case of the Star Cancer Care Plan, the minimum premium amount depends on the age, the sum insured amount, and on two conditions (before a claim under and post-claim under section 1). Before a claim, the minimum premium amount will be INR 17,400 per year for individuals of 5 months to 29 years old with a sum insured of INR 3 lakh. For the post-claim, the minimum premium will be INR 12,250 per year.
With the Care Freedom Plan, individuals can enjoy a discount on their premium amount on choosing a 2-year or 3-year policy term.
Check out the table below to know the extra these two plans offer to you.
|Features||Star Cancer Care Plan||Care Freedom Plan|
|Pre-acceptance Medical Screening||No pre-medical screening irrespective of age||Not Required|
|Day Care Procedures||Available||All Daycare Procedures are covered up to the sum insured|
|Pre- and Post-Hospitalization||30-days pre- and 60-days post hospitalization expenses coverage||Pre- and Post-hospitalization up to 10% of payable hospitalization expenses|
|Room Rent Expenses||Up to a certain limit of the sum insured||Up to a certain percentage of the chosen Sum Insured|
|Domiciliary Treatment (Treatment Taken at Home)||Not Available||Up to 10% of the sum insured covered after a minimum of 3 days of home treatment|
|Emergency Ambulance Cover||Up to INR 1,500 per hospitalization with an overall limit of INR 2,000 per policy period||Up to INR 1,000 per hospitalization|
|Organ Donor Expenses||Not Available||Covered up to the Sum Insured Limit|
|Modern Treatments||Covered up to a specified limit of the sum insured||Covered up to a limit of the Sum Insured option|
|AYUSH Treatment (Ayurveda, Unani, Sidha or Homeopathy)||Not Available||Available up to a pre-decided limit|
|Consumable Allowance||Not Available||INR 1,000 per day (for a maximum of 7 days per hospitalization covered after 3 days)|
|Cataract Treatment||Available||Up to INR 30,000 per eye|
|Companion Benefits||Not Available||INR 15,000 (if the hospitalization exceeds 10 days)|
|Free Look Period||15 days from the date of receipt of the policy||15 days from the date of receipt of the policy|
|Grace Period||30 days from the date of expiry||30 days from the ending date of the policy period|
|Tax Benefits||Available under Section 80D of the Income Tax Act, 1961||Available under Section 80D of the Income Tax Act, 1961|
Individuals aged between 5 months and 65 years diagnosed with Cancer (Stage 1 or Stage 2) can choose the Star Cancer Care plan. The proposer for this plan from Star Health may cover self, spouse, dependent children, and dependent parents.
For the Care Freedom plan, the entry age for adults and children can be as low as 18 years and 90 days, respectively, while the maximum entry age can be lifelong and 24 years for adults and children, respectively.
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