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.
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