Star Health Wedding Gift Insurance

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

Introduction:

This policy is for married couples as it covers ailments as well as your child. The policy can be renewed up to 45 years beyond which migration to any other equivalent policy is allowed.

Eligibility:

  • Minimum age- 18 Years, maximum age- 40 years
  • Any person residing in India
  • Coverage is available on a floater basis. Family for this purpose includes self, spouse and dependent children.

Policy Benefits:

  • In-patient hospitalization for a minimum period of 24 hours.
  • Room boarding, nursing expenses up to 4000INR.
  • Ambulance cover up to 1000 INR subject to limit of 1500 INR.
  • Non allopathic treatment covered to 25% sum insured up to a limit of 25000 INR.
  • Pre-existing diseases are covered after 48 months of continuous insurance.
  • Pre-Hospitalization expenses up to 30 days prior to admission in the hospital.
  • Post-hospitalisation paid as lump-sum up to 60 days from the date of discharge; payment not exceeding 7% of hospitalization expenses; maximum of 5000 INR.

Additional Benefits:

  • Delivery that includes prenatal and post natal care including delivery of child, and post-delivery complication cover for mother.
  • New born baby care

Free Benefit:Diagnostic test costs are covered for disorder in the foetus up to 1000 INR after a waiting period of 27 months.

Sum insured details:

Coverage

Option 1

Option 2

Hospitalization expenses

300000 INR

500000 INR

Child delivery expenses

15000 INR (Normal Delivery)

20000 INR (Caesarean Delivery)

20000 INR (Normal Delivery)

25000 INR (Caesarean Delivery)

Prenatal and post natal expenses

Prenatal: 1500 INR

Postnatal: 2000 INR

Prenatal: 2000 INR

Postnatal: 4000 INR

New born baby cover: hospital expenses for treatment including congenital diseases

30000 INR

50000 INR

New born baby cover: lump sum payment for Down ‘syndrome and Cerebral Palsy

60000 INR

100000 INR

Post-delivery complications

Actual within hospitalisation limits

Actual within hospitalisation limits

Test for detecting congenital abnormality in foetus

1000 INR

1000 INR

 

Policy Details:

Policy period is for 1 year or 2 Years.

Premium details:

For 1 year cover

Option

Family size

Premium

5m-35 Years

36 -45 Years

Option1

2A

10305

10740

2A + 1C

10535

11305

Option 2

2A

13960

14680

2A + 1C

14470

15310

 

For 2 year cover:

Option

Family size

Premium

5m-35 Years

36 -45 Years

Option1

2A

18550

19335

2A + 1C

18965

20350

Option 2

2A

25130

26425

2A + 1C

26050

27560

 

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:

  • Lifelong renewal is allowed allowing a grace period of 30 days from the date of expiry.
  •  Permitting an enhancement after renewal during this process.

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.

For 1 year policy:

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

 

For 2 year policy:

Period on risk

Rate of Premium to be retained by the insurer

Up to 2 month

1/3rd of annual premium

Up to 6 month

1/2 of annual premium

Up to 12 month

3/4th of annual premium

Exceeding 12 months

Full annual premium