Star Young Star Insurance Policy: Benefits, Premium, Renewal

Star Young Star Insurance Policy

Star Young Star Insurance Policy is a health plan that provides coverage to people up to the age of 40 years. It covers medical expenses incurred due to hospitalization, ambulance charges, automatic restoration, mid-term inclusion etc. It also comes with special features, such as no cap on room rent.

Categories	Specifications
Coverage Type	Individual or Family floater
Sum Insured	Rs 3 lakh to Rs 1 crore
Tenure	1 year, 2 years, 3 years
Cumulative Bonus	20% for every claim-free year for up to 100% of the SI
Road Traffic Accident Benefit	25% increase in SI up to Rs 10,00,000
Loyalty Benefit	10% discount for people above 40 years if the policy was purchased before turning 36

Inclusions of the Star Young Star Insurance Policy

A person can buy a Star Young Star Insurance Policy on an individual and family floater basis with sum insured options of Rs 3 lakh to Rs 1 crore (on an individual basis) and Rs 5 lakh to Rs 1 crore (on a family floater basis. One can either choose a gold plan or a silver plan under this policy based on their requirements.

The following coverage is offered under Star Young Star Health Insurance policy:

In-hospitalization expenses Hospitalization expenses, including room rent, nursing expenses, specialist’s fees, ICU charges, are covered
Emergency Road Ambulance Charges- In case of a medical emergency that requires the insured to be immediately transferred to the hospital, ambulance charges are covered.
Pre-hospitalization expenses - Any medical expenses incurred before admission to the hospital are covered up to 60 days
Post-hospitalization expenses - Medical Expenses incurred up to 90 days after discharge from the hospital are covered.
DayCare Procedures - Any medical procedure that requires hospitalization of less than 24 hours are covered.
E-medical Opinion- Insured can obtain an e-medical opinion from the insurer's panel of experts
Cumulative Bonus- For every claim-free year, the insured can claim a cumulative bonus of 20% of the Basic Sum Insured
Modern Treatments- Several modern-day treatments that require advanced medical techniques are covered, such as deep brain stimulation, balloon sinuplasty, oral chemotherapy, etc.
Delivery Expenses– It covers delivery expenses up to Rs 30,000 per delivery are taken care of under the Gold plan only.
Hospital Cash Benefit– It provides a cash allowance of Rs 1000 daily for up to 7 days per hospitalization and 14 days per policy period is provided under the Gold plan only.

Additional Covers:

Health Check-ups- Expenses related to health check-up are covered for every policy year.
Automatic Restoration of Basic Sum Insured- If the sum insured limit is exhausted, the insured can avail of the auto sum insured restoration benefit up to 100%, except for modern treatments.
Additional Sum Insured for RTA- In-patient hospitalization due to a road traffic accident is covered once in a policy year, provided the insured was wearing a helmet and was riding a two-wheeler.
Star Wellness Program- The insured can avail of rewards through wellness activities and by maintaining a healthy lifestyle. The rewards can be used to avail of savings on premium payments.

Features and Benefits of the Star Young Star Insurance Policy

The following is the list of features and benefits that Star Young Health Insurance covers:

The policy has two plan options- Gold and Silver with multiple sum insured options.
No capping on room rent allowing treatment at single AC room
Health checkup expenses are covered
Automatic restoration of the sum insured up to100% is offered
Hospitalization expenses due to a road traffic accident are covered
Mid-term inclusion of a newly married spouse or newborn or a legally adopted child is allowed
10% savings on premium through Wellness Program is an attractive feature of this policy
Tax benefits can be availed as per the Income Tax Act.

Exclusions of the Star Young Star Insurance Policy

Given below is the list of treatments and diseases that are not covered under the Star Young Star Insurance Policy:

Pre-existing diseases(for the first year)
Specified diseases come with a waiting period of 12 months
No expenses are covered during the 30-day waiting period, except for accidents
Rest cure or respite care treatment
Obesity-related treatment
Gender change treatment
Cosmetic or plastic surgery treatments
Breach of law
Alcoholism or any other drug addiction
Sterility and infertility
Circumcision treatment
Intentional self-injury
STDs
War or invasion like situations
Nuclear weapon attack
Existing specified diseases

Star Young Star Insurance Eligibility Criteria

The minimum eligibility criteria to buy the Star Young Star Insurance plan are:

Categories	Eligibility Criteria
Minimum Entry Age	Adult – 18 years Child - 91 days
Maximum Entry Age	Adult - 40 years Child – 25 years
Number of people covered	Self, Spouse, and up to 3 dependent children

Cancellation of the Star Young Star Insurance Policy

To cancel the Star Young Star Health Insurance policy, the policyholder can cancel the policy within a 30-day free look period. The amount will be refunded less any expenses incurred by the company or stamp duty charges. If the policy is cancelled after 15 days, the amount will be refunded on a pro-rata basis.