Star Health Insurance
tar Health Insurance Co Ltd began operations in 2021 with India’s first sole health insurance company. The company was offering services in personal injury, health, and travel insurance. To make people aware of various insurance options available, the first company in India began a direct marketing venture with direct mail, Internet, and television advertising.
In 2021, the business achieved its first million-dollar year mark and has since grown to more than one hundred million dollars per year. The growth in the sales figures has also contributed to the increasing popularity of the insurance company.
Services Offered by Star Health Insurance
One of the essential services offered by the business is hospitalization coverage. They provide a range for treatment in India’s hospitals, including famous ones like Apollo Hospital, St. Joseph’s hospital, and Fortis hospital. A star health insurance review will mention some of the famous hospitals like Apollo Hospital, St. Joseph’s hospital, and Fortis hospital that is located in Delhi.
The services provided by these hospitals are well renowned, and people who are traveling to India from abroad often seek medical attention at these hospitals. Many people take out a trip to India each year to get treatment in one of these hospitals.
Medical Insurance Plan of Star Health Insurance
A medical insurance plan can be bought to cover the medical expenses for injuries you may have faced in an accident. It will also cover accidental illnesses and diseases that you may have caught or developed at home. One of the services offered by Star Health & Allied Insurance Co. is hospitalization coverage for a wide range of illnesses and injuries.
They offer three coverage options to their customers depending on their requirements. The three coverage options are: For individuals and families, a PPO plan provides a choice of health insurance policy details with low-cost monthly premiums It offers three coverage options: a short-term policy, a medium-term policy, and a long-term policy. Under the short-term policy, you can avail benefits for up to five months.
Under the medium-term policy, you can avail benefits for up to ninety days. And under the long-term approach, you can avail services for up to one year.
Why choose the star health insurance
Star Health Insurance Company is one of the best known and most preferred names in the insurance industry. They provide a wide variety of health insurance plans for all categories of customers.
Some of these plans cover dental care as well. Most of the premiums they charge are on a per term basis, which means that the amount of money you pay will be determined according to the number of years you take to clear the policy. The term can be any amount of time ranging from ten years to twenty-five years.
Types of Health Insurance of Star Health Insurance
Star Health Insurance Company offers three types of health insurance plans.
Preferred Provider Organization (PPO)
The first is the Preferred Provider Organization (PPO) which has a deductible of five hundred dollars for the first year and then increases by fifty percent for the following two years. It is good to have a preexisting medical condition and frequently do not have to undergo major medical care. It also saves you from paying the high cost of coinsurance which is twenty percent of your overall premium.
The next one is the Unlisted Plan which enables the insured to enjoy the benefits of an HMO or Preferred Provider Organization without having to pay a dime for deductibles, coinsurance, or monthly hospitalization expenses. There are only a few health insurance plans that allow you to get away with this disadvantage, and there are a select few plans which provide better benefits to these people.
Under most health insurance plans offered by Star, those who are not covered under a PPO or an HMO plan will be charged a higher premium to ensure that they will go for their health insurance.
Preferred Provider Network Plan (PPN)
The last one is the Preferred Provider Network Plan (PPN). Under this, the insured pays a monthly fee that will go towards a particular agreed-upon amount, which will be used for deductibles, medical costs, and so on.
However, he will not be subjected to deductibles as much as those covered under HMO or PPO plans sold by the health insurance company. If you prefer to take the coverage of a PPO plan, you can save up to ten percent of your monthly budget by being a group plan with a lower premium.
Benefits of Star Health Insurance Over Other Companies
Some of the reasons for choosing Star Health Insurance policy include the fact that the company offers more discounts to senior citizens than others. For instance, if you are a senior citizen, and if you wish to pay monthly premiums on health insurance, it makes sense for you to opt for Star Senior Citizens Red Carpet Insurance Policy.
The cost of this type of health insurance policy is only a few dollars every month. Besides, those who wish to use it should not worry about the high deductible charges as they will get themselves covered at a lower price. Those who wish to avail of other health benefits such as vision care, prescription drugs at cheaper rates, or emergency treatment are entitled.
Discounts and Freebies from Star Health Insurance for New Customers
Most of the health insurance companies sell health insurance policies for the old and the young. However, with the launch of this latest health insurance product, Star has taken the initiative to give more benefits to the new customers. This health insurance policy has been launched with a special offer for those aged between eighteen to 65.
With this health insurance policy, the new customers will get discounts on premium amounts and freebies such as Star Platinum Health Insurance, Star Silver Plus Health Insurance, or Star Gold Plus Health Insurance. In short, this health insurance plan is perfect for people who can’t afford the regular monthly premiums. Since the new customers don’t have to invest more money, they can save their monthly expenses significantly.
Moreover, the low premium amount will allow the new customers to pay fewer expenses quickly. Once the new customers can pay the lesser amount of expenses, they will automatically witness an increase in their monthly income, which will help them bear more costs quickly.
Reasons Behind to Choose Star health insurance
When it comes to star health insurance, you need to know what you are getting. For those of you that don’t know what it is, it is a plan specifically designed for those individuals who have a higher than average risk of contracting some form of medical condition or the other.
This type of health insurance has been specifically designed for those individuals who don’t have many options out there. It is not an option; it is a must. That being said, it is not hard to find the right star health insurance if you take the time and do some research on it. To obtain the correct type of insurance benefits, you need to understand what you are getting. First of all, you need to realize that this type of insurance benefit is only available if you have a specific medical history.
It includes things like heart disease, diabetes, and cancer. Also, if you are considered a person with preexisting conditions, then these risks will also be included in this category. Of course, this could change in the future, but right now, it is the law. As such, you must be aware that this type of insurance is often quite expensive. You will pay more if you go with a private company because they are known to run the most successful health insurance programs out there.
However, many private companies have created star health insurance plans that are pretty successful as well. As such, when it comes time to compare your options, you need to make sure that you look at all your options before making a final decision on anything.
Significant Advantages of Star Health Insurance
There are many different benefits that you can receive from these types of plans. First of all, you will find that these health insurance benefits are going to allow you to take advantage of things like hospital visits, dental care, emergency room visits, prescription drugs, doctor visits, and even chiropractic services.
Of course, there are many more things that you will be able to benefit from with star health insurance. When you are considering this type of coverage, you need to understand that you are not only going to get great content, but you are also going to be able to save money as well. It is thanks to the way that these plans work. You will need to have an annual deductible that you pay before your insurance benefits kick in.
When you start to get benefits from your plan, you will notice that you are going to pay a small premium for each person you insure. However, you will notice that the cost is going to vary greatly depending on the number of people in your family that you want to insure. It is something that you should keep in mind. In most cases, you will pay much less money than you would if you were to be using a medical plan that is run through a commercial organization.
Of course, the results and the quality of care will be different, but they can work out cheaper for you overall. As you look at the various health insurance benefits that you are going to be able to get, you will also want to consider the co-payments and what deductibles you can work with.
These are both things that you will be able to adjust according to what you can afford. Of course, the lower the deductibles are, and the lower the co-pays are, the higher percentage of your premium that you will be paying for. Of course, this means that you will be able to afford it and find some savings on the overall premium that you end up paying.
Of course, there are many more benefits than just this. Of course, this is by no means everything that you will be able to take advantage of. There are many more star health insurance benefits that are listed here that you can make use of. However, if you want to impact your health, this can help you make the most out of your coverage and your savings.
To avail of all the benefits for a shorter period, it is better to go for the short-term policy. However, for those who have little money at hand, it is better to go for the medium-term policy as it offers a higher premium and lower deductions.
If you want to benefit for a more extended period, it is better to go for the long-term policy. The premium of this type of insurance policy depends on the age and sum assured. The average monthly premium of this type of policy is around $120. But the total cost of hospitalization depends on the age and the sum assured. A person in his forties and fifties will have to spend a lot on hospitalization.
So, if you are still young and healthy and have not got any dependents, it is better to go for star insurance not to have to spend a lot on hospitalization. If you want to save a sum assured and are above the age of 65, it is better to go for the pre-and post-hospitalization 30 days and 60 days policy. Here, you will get a choice of spending a fixed sum assured on the hospitalization and post-hospitalization fees. It means that you have no pre and post-hospitalization fees to worry about.
If you have insured your whole family, then you would also have to pay the same fixed sum assured. However, you can reduce the monthly premium of this plan if you do not want to take family benefits. However, if you want to have more sum assured, it is better to go for the Star insured plans like the pre-hospitalization and post-hospitalization. This plan entitles you to a fixed sum assured during the pre-hospitalization and post-hospitalization period.
You will also be entitled to a fixed sum assured during the monthly period. You can also have a choice of paying the same amount monthly or annually. Still, you need to pay a considerable amount to cover the additional expenses like the hospitalization expenses.