Star Health Family Delite Insurance Policy

*Please note that the quotes shown will be from our partners

Introduction:

This policy offers protection to the entire family at a single affordable amount.

Eligibility:

  • Maximum: 5 months and Minimum: 65 years of age at the time of entry.
  • Also for family on floater basis(self, spouse and dependent children). Children covered only with parents.
  • No exit age, renewal after 65 years of age.

Policy Benefits:

  • Offers much larger benefits at a comparatively lesser cost and covers the entire family.
  • Hospitalisation expenses up to 1% of sum insured.
  • ICU expenses are borne up to a maximum of 1.5% of sum insured.
  • Medical equipment and devices, boarding and nursing expenses are covered, surgeons /consultants fees are covered.
  • Emergency ambulance charge: up to a sum of 750 INR and overall policy limit of 1500 INR.
  • Pre-hospitalisation medical expenses are borne up to 30 days prior to date of admission,
  • Post-hospitalisation expenses up to 7% sum insured and maximum limit of 5000 INR till 60 days from the date of discharge.
  • Pre-existing diseases are covered after 48 months of continuous insurance.
  • Medical screening: This is borne by the company.

Premium details:

Sum Insured 200000 INR:

Family size/ Age

5m-35 years

36-45 years

46-50 years

51-55 years

56-60 years

61-65 years

66-70 years

71-75 years

More than 75 years

1A+1C

2800

3250

5100

5600

6400

9000

11300

14700

19200

1A+2C

3100

3750

5600

6200

7000

9800

12300

16000

20800

1A+3C

3650

4500

6300

7000

7800

11000

13800

18000

23400

2A

3000

3600

5550

6200

7200

10100

12700

16600

21600

2A+1C

3700

4200

6100

7000

8100

11400

14300

18600

24200

2A+2C

4500

5000

6900

7900

9100

12800

16000

20800

27100

Sum Insured 200000 INR:

Family size/ Age

5m-35 years

36-45 years

46-50 years

51-55 years

56-60 years

61-65 years

66-70 years

71-75 years

More than 75 years

1A+1C

3710

3940

5900

6930

8500

11900

14900

19400

25300

1A+2C

3825

4300

6400

7160

9000

12600

15800

20600

26800

1A+3C

4400

5200

7100

7900

10095

14200

17800

23200

30200

2A

3985

4360

6300

7605

10030

14100

17700

23100

30100

2A+1C

4300

4830

6900

7900

10625

14900

18700

24400

31800

2A+2C

4800

5600

7700

9100

11090

15600

19500

25400

33100

 

*The above rates may change. Please check the policy wordings for more details.
Policy Details:

  • If 2A+2C have an additional child under sum insured option of 300000 INR an extra premium of 1000 INR is levied on them.

Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

Portability:

If the insured wishes to migrate to another Insurer towards renewal, he can draft an application at least 45 days before the date of renewal.

Renewal Policy:

  • A grace period of 30 days from the date of expiry is given to renew the policy.
  •  Permitting an enhancement after renewal during this process.
  • Where claims for the preceding 2 consecutive years exceed 100%, premium is loaded as below.

Average claims ratio for the preceding 2 years

Loading on premium

>100-125%

30%

126-150%

50%

>150%

80%

 

Tax Benefit: Payment of premium by any mode other than cash is subject to rebate under section 80D.

Exclusions:

  • Pre Existing diseases as mentioned.
  • Disease that creeps into the insured during the first 30 days of the policy period. Also expenses of defined and related diseases as mentioned would not be borne during the first two years of continuous operation of insurance.
  • Dental treatment or surgery (excluding accidental damages).
  • Injury due to nuclear weapons and war or breach of law on an intentional basis.
  • Expenses on Vitamins and tonics not part of the treatment schedule.
  • Hospital registration and admission charges, record and telephone charges.

 

Cancellation Policy:

  • Misrepresentation, fraud, moral hazard or non-cooperation on behalf of the insured might lead to cancellation of policy making way for appropriate refund.

Period on risk

Rate of Premium to be retained by the insurer

Up to 1 month

1/3rd of annual premium

Up to 3 month

1/2 of annual premium

Up to 6 month

3/4th of annual premium

Exceeding 6 months

Full annual premium