Star Allied Medi Classic Individual Plan

Product Overview

Star Allied Medi Classic Individual Insurance Plan is a hospitalization policy, which covers inpatient treatment for a minimum period of 24hrs, along with other benefits like day care treatments, Ayurvedic treatment, etc.

Unique Features of Star Allied Medi Classic Insurance Individual Plan

• Sum Insured will be automatically restored to 200%, in the event if the entire sum insured is exhausted and the policy has not yet expired.
• No Medical Test required up to the Age of 50 Years
• Non-Allopathic Treatment like - Ayurveda and Homeopathy are covered under the policy
• HIV Persons Coverage - This policy can be taken by HIV positive persons provided the CD 4 count at the time of entry is above 350 (proof to be produced). However, hospitalization for any opportunistic infections is not covered.

Features of edit Edit Details

Critical features of Star Allied Medi Classic Insurance Individual Plan

• Room rent:
  Limits imposed towards room and ICU rent expenses
  This plan covers room expenses up to 2% of sum insured for a maximum of Rs 5000 per day
• Co-Pay:
  Specific % of admissible claim amount to be borne by Insured

1. This plan has co-payment of 10% above the 60 age
2. Sub limit of 80% of sum insured is applicable for package treatments

• No Claim Bonus:
  Health Insurance policies may offer Cumulative Bonus wherein for every claim free year, the Sum Insured is increased by a certain percentage at the time of renewal

1. 5% of basic sum insured up to a maximum of 25 % for each unclaimed year in case opted for(The cumulative bonus is reduced by 5% of sum insured once a claim is made)
2. No Claim bonus is not applicable for Family pack plan.

• Pre-Existing Diseases:
  Means any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice/ treatment, within 48 months prior to the first policy issued by the insurer
  This Plan has a waiting period of 4 years is case of pre-existing diseases

Eligibility Criteria

• Minimum Age of Entry:- 5 years
• Maximum age of Entry:- 65 years
• Renewal Age:- Life Long Renewal
• Sum Insured:-
  Individuals -  Rs.1.5 lacs to Rs.15 lacs
  Family Package Plan - Rs.2 Lacs or 3 Lacs
• Policy Tenure:- 1 & 2 years
• Premium Calculated on Basis of:- Age, (i.e. sum Insured Chosen)

Add-ons

• Patient Care:
  Available for persons above 60 years. Pays for attendant charges after discharge from hospital for maximum 5 days per hospitalisation and 14 days per policy period.
• Hospital Cash:
  Hospital cash benefit for each completed day of hospitalization.

Additional discounts

• Discount for multi-year polices - 5% discount for opting 2 years policy tenure.

Exclusions

• Expenses arising out of or attributable to alcohol or drug use/misuse/abuse
• Medical expenses incurred for treatment of AIDS
• Treatment arising from or traceable to pregnancy and childbirth, miscarriage, abortion and its consequences
• Congenital disease
• Tests and treatment relating to infertility and in vitro fertilization.
• War, riot, strike, nuclear weapons induced hospitalization.
• Expenses attributable to self-inflicted injury (resulting from suicide, attempted suicide)
• Expenses arising out of or attributable to alcohol or drug use/misuse/abuse
• Cost of spectacles/contact lenes,dental treatment
• Medical Expenses relating to any hospitalisation primarily and specifically for diagnostic, X-ray or laboratory examinations and investigations

Note: Any claims arising out of or attributable to any of the following are not covered. Please refer to the policy wordings for a detailed list of Exclusions.

Tax Benefits

The premium paid for health insurance policy is liable to get a tax rebate under section 80D of the Income Tax Act, 1961.

Claim Process

In case you would like to know about the Claim Process or would like to register a Claim please click the link below

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