Star Novel Coronavirus (COVID-19) Plan (Pilot Product)
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Star Health Insurance
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Star Novel Coronavirus (COVID-19) Plan (Pilot Product)
Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy is solely designed for covering pandemic like Corona virus. sorely felt. Under this Star Health Insurance Policy, a fixed policy benefit is offered towards the expenses incurred for treating the virus, thus, ensures quality health care with cashless benefits.
Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy: Key Highlights
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Type |
Individual |
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Tenure |
1 year |
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Sum Insured |
Rs 21,000 & Rs 42,000 |
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Waiting Period |
16 days |
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Claim Settlement |
Direct with no TPA involvement |
Coverage Offered
Under this Star health insurance, the following scope of coverage is offered:
- Lump-Sum Benefit: The policy is a fixed benefit policy. The insured is paid the selected cover, only if hospitalization is warranted, upon testing positive for Novel CoronaVirusfrom a Government Authorized Testing Centre. The cover is fixed as Rs 21,000, and Rs 42,000.
- Termination: It is already stated that the lump-sum benefit is payable only on receipt of a positive report for Corona infection. Upon payment of the benefit, the policy terminates.
Inclusions of the Plan
One can buy Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy with a clear understanding that it is only a pilot product and shall run only its offered period. Thus, the scope and range of the policy are limited.
Exclusions of the Plan
The policy is designed specifically for COVID-19 infection. The exclusions in the policy are focused on it.
- Waiting Period: The policy has an initial waiting period of 16 days, during which no claim for contracting the infection will be entertained, and the insurer is not liable to pay the sum insured.
- Other Exclusions: There are many Corona related exclusions in the policy. The insured must thoroughly consult the policy document for the detailed list. Some of the significant ones are enlisted below:
- The cover is not available on a positive infection report dated before the policy inception.
- A report from a non-Government unauthorized testing center will not be accepted as valid for the cover.
- If no in-patient treatment is warranted in a Medical Practitioner's opinion, the claim will not be accepted regardless of the quarantine imposed for a positive infection.
- Any in-patient treatment for non-COVID infection or any other ailment is not covered under the policy.
- The insurer will pay no claim if the insured travels abroad during the policy term.
Features & Benefits of the Plan
The policy has the below features and benefits:
- Basis of Coverage: The offered sum insured is on an Individual basis.
- Policy Term: The policy is offered for a term of one year.
- Premium: The two applicable premiums in the policy are Rs 299 and Rs 598, plus the GST.
- Renewal: The policy, as already discussed, is only a pilot product. Thus the renewal will be entertained as long as the product is offered.
- Tax Benefit: The premium for Star Health Insurance is tax-exempt under Section 80D of The Income Tax Act, 1961, provided the payment mode is other than cash.
Eligibility Criteria
One has to consider the following eligibility criteria to buy this policy:
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Minimum Entry Age |
Child: 3 months Adult: 18 years |
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Maximum Entry Age |
Child: 25 years Adult: 65 years |
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The Number of people covered |
Maximum 2 with the dependent child |
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Residential Status |
Indian citizens and other regular residents |
Cancellation Terms of the Policy
The insurer can cancel the policy anytime on the grounds of non-cooperation by serving a 30-day written notice. Likewise, the insured can cancel the policy at any time. The refund for the former will be pro-rata premium, while for the latter, it will be based on the insurer's short period rate.
FAQs
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Q. What is the applicable claim procedure for the Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy Health Insurance?
Ans: The claim has to be submitted to the insurer directly for settlement as TPA services are not available. The duly filled in claim form, supporting documents, especially the test report for positive infection from a Government Authorized Testing Centre, and the ADHAAR Card within 15 days of the claim's notification.
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Q. Under what circumstances does the Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy Health Insurance terminate?
Ans: The policy will automatically terminate for any of the following events.
- Upon the demise of the insured before the end of the policy term.
- After the sum insured is paid in full for claim settlement.
- On the policy expiry date, as mentioned in the policy schedule.
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Q. How can the applicant buy Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy Health Insurance?
Ans: The interested person has two options – either contact the nearest Star Insurance Office or go for the convenient online Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy purchase at the insurer portal.
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Q. Does the policy offer a free look period in the online Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy?
Ans: The policy offers a 30-day free look period from the policy bond receipt date to review the terms and conditions and to return it if not acceptable.
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Q. Can the insured hold more than one Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy?
Ans: No, only one policy is allowed for one Insured person.
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*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.
*Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.
*All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.
**All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.
*₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.
*₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases
*₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.
*₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.
*No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.
*The values taken for effective cost calculation are indicative values and may change as per the selected plan.
*Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.
*Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.
*The scope of coverage may vary from plan to plan.
~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ
##On ground claim assistance is available in 114 cities
Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.
STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
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