Star Health and Allied Insurance launches ‘Star Health Premier Insurance Policy’

Star Health and Allied Insurance, India’s first standalone health insurance company, announced the launch of Star Health Premier Insurance Policy, a unique indemnity health policy specially designed to cover the expenses incurred on hospitalization due to illness or accident for customers who are 50 years or older.

The Star Health Premier Insurance Policy offers benefits such as Home Care Treatment for specified conditions (up to 10% of the sum insured subject to a maximum of Rs.5 lakhs), cover for inpatient hospitalization expenses & day care treatments under Ayush Treatment, cover for traditionally excluded non-medical items like gloves, food charges and other consumables during hospitalization and cover for Modern Treatments up to 50% of sum insured either as an inpatient or as part of day care treatment in a hospital. These features make this product well suited for people who are older.

The policy is available on both Individual and Floater basis for adults aged 50 years and above. Unless the insured has a pre-existing diseases, is undergoing medical treatment or has disabilities, there are no requirement of premedical tests to avail this policy. Customers can purchase the policy through premiums which can be paid in quarterly or half-yearly installments. The product offers a policy term of 1 year, 2 years or 3 years.
 
A host of special features such as midterm inclusions,  Outpatient medical expenses,  Health check-up benefit, all day-care procedures, road & air ambulance expenses, pre and post – hospitalization expenses, organ donor expenses, bariatric surgery, cumulative bonus, rehabilitation and pain management expenses, Hospice care and home care treatment can be availed through this policy. 
 
Speaking on the new policy Mr. Anand Roy, Managing Director, Star Health and Allied Insurance Co. Ltd. said, “ As insurers, we’ve seen time and again that the insurance needs of the elderly are generally not well met. This segment of customers has very specific needs, as the incidence of hospital visits are comparatively higher than young adults. We have designed the Star Health Premier Insurance Policy with this in mind. The policy now covers consumables and provides better overall coverage to this segment. The policy also helps ease the impact on their finances due to hospital visits. I’m sure this innovative policy will be beneficial to many.”