Star Mediclassic Insurance from Star Health and Allied Insurance Company covers for hospitalisation expenses incurred as on illnesses, diseases, and accidental injuries. The insured can also avail cashless treatment in more than 9900 network hospitals. One major benefit is that all the Star health mediclaim policy claims are settled directly by the insurance company without the involvement of the TPA.
Policy cancellation can be done by policyholder by giving 15 days written notice and the insurer shall refund the premium for the unexpired policy period as given in the table below:
Period on risk |
Rate of Premium to be retained by the insurer |
1 month |
22.5% of the annual premium |
1 month to 3 months |
37.5% of the annual premium |
3 months to 6 months |
57.5% of the annual premium |
6 months to 9 months |
80 % of the annual premium |
Exceeding 9 months |
Full annual premium |
Ans:You can get compensation for pre and post hospitalisation, daycare treatments, ambulance costs, and inpatient hospitalisation, etc. Also, coverage is provided for modern treatments and procedures along with the restoration of the sum insured, domiciliary treatments, organ donor expenses, etc.
Ans:Yes, Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act.
Ans:Yes, Star health insurance plans including MediClassic plan offer a grace period of 30 days from the policy expiry date.
Ans:Yes, Star health insurance company providers a free look period under all the Star health plans including Star MediClassic health insurance. During this period the insured or the policyholder can review the policy terms and conditions and decide if he/she wants to continue with the policy or terminate it.
Ans:Star Health Insurance provides maximum benefits of 100% cumulative bonus of the sum insured. 25% bonus is provided for the claim-free year, which can go up to 100% depending on the type of insurance policy and policy term.
If I Buy top-up Health Insurance, What Should be my Policy Cover?
Why do you carry a Stepney or a spare tire in your car? So that you can use this spare tire as a stand-by in case one of the tires gets punctured. Similarly, a top-up health insurance plan acts as a Stepney to your med...Are Wellness Benefits In Health Insurance Useful?
The real cost to insurance companies is low. It is not surprising to know that the impact achieved is low too. Let’s talk about this in detail. Last week Rhea called her insurer to inquire about the complementary health check-up benef...10 Reasons why buying a Health Insurance in your 20s a Good Idea
In India, for a young person in his early 20s, availing a health insurance policy is imperative due to increasing health risks from a sedentary lifestyle. After COVID outbreak, the popularity and need of a health cover h...High or Low Deductible Health Insurance - Which one to Opt for?
There are so many health insurance plan options available that it gets difficult to understand all of them and their features. When you are purchasing a health insurance policy you might actually want to do some planning ...Exploring Manipal Cigna Health Insurance and Claim Settlement
As residents of a developing nation, we are exposed to the risk of contracting various illnesses. Despite thorough maintaining an active lifestyle, we are prone to various illnesses. A lot of factors such as pollution and f...