Star Wedding Gift Insurance
Objective
A health policy which will take care of medical needs of a young couple. It will cover maternity expenses too.
Suited for
This policy is suitable for youngsters.
What does it do?
One can opt for either the 3-lakh or 5-lakh policy. It covers hospitalisation bills, pre and post hospitalisation expenses, maternity expenses and newborn baby. It pays a lump sum amount if the baby is born with Down's syndrome or Cerebral Palsy. It also provides for emergency ambulance and non-allopathic treatment except Naturopathy. The expenses are capped up to stated in the plan.
Pros
Waiting period for maternity cover reduces to two years if one opts for a 4-year policy term.
Non-allopathic treatments are covered.
Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act.
Cons
Policy offers a maximum cover of Rs 5 lakh, which may not be sufficient for a family of three.
This policy cannot be renewed beyond 45 years of age.
Our View
Though it offers decent benefits and features, the policy is little expensive as compared to other products in the market. Cover for non-allopathic treatment may be a cause for higher price. Coverage upto maximum of 45 years of age is another drawback. If you are looking for such a policy, consider substitutes from other insurers that are available at cheaper rates.
Eligibility
| Entry Age (years) | |
| Minimum | 18; 5 months for children |
| Maximum | 40 |
| Maximum Policy Renewal Age (years) | 45 |
| Coverage Type | 2 adults/ 2 adults and one child |
| Sum Insured (Rs) | |
| Maximum | 5 lakh |
| Minimum | 3 lakh |
| Policy Term (years) | 1 or 2 or 4 |
| Tax Benefit | Premium paid is eligible for tax benefit under section 80D of the Income Tax Act |
| Pre Policy Medical Check Up | Not required |
| Free look Period | 15 days; available under 4 year policy only; In case of policy cancellation, premium paid would be refunded after deduction of 5% of premium provided no claim has been made |
| Grace Period for Policy Renewal | 15 days |
| Customer Service | |
| Address | Star Health and Allied Insurance Company Limited Corporate Office: No.1, New Tank Street, Valluvar Kottam High Road, Nungambakkam, Chennai - 600034. |
| Mail to | [email protected] |
| Call to | 1800 425 2255/ / 044 2826 3300 |
| SMS | STAR to 56677 |
Additions to the Plan
| Scope Of Cover | ||
| Option I (Sum insured Rs 3 lakh) | Option II (Sum insured Rs 5 lakh) | |
| Cashless facility | Available at empanelled hospitals in India. | |
| Re-imbursement | Available | |
| In-patient Hospitalisation | Covered | |
| Room rent, boarding and nursing expenses | upto Rs 4000 per day | |
| Surgeon, Anesthetist, Medical practitioner, Consultants, Specialist Fees | Covered | |
| Emergency Ambulance | Upto Rs 1000 per hospitalisation ; maximum Rs 1500 per policy period | |
| Pre Hospitalisation expenses | Medical expenses upto 30 days prior to hospitalisation are covered | |
| Post Hospitalisation expenses | lumpsum payment equal to 7% of hospitalisation expenses(excluding room rent); Maximum Rs 5000 | |
| Delivery (normal or caesarean) | Rs 15000 for normal delivery and Rs 20000 for caesarean delivery ;one delivery only | Rs 20000 for normal delivery and Rs 25000 for caesarean delivery ;one delivery only |
| Pre and post natal expenses (part of delivery expenses) | Pre Natal: Rs 1500; Post Natal: Rs 2000 | Pre Natal: Rs 2000; Post Natal: Rs 4000 |
| Post delivery complications for mother | Covered | Covered |
| Test for detecting any foetus disorders | Covered upto Rs 1000 after waiting period of 27 months or 15 months in case of 4 year policy term | Covered upto Rs 1000 after waiting period of 27 months or 15 months in case of 4 year policy term |
| New born baby (including congenital disorders) | Covered ; Rs 30000 | Covered ; Rs 50000 |
| New born baby with Down's Syndrome and Cerebral Palsy | Lumpsum payment of Rs 60000 | Lumpsum payment of Rs 1 lakh |
| Non allopathic treatments | 25% of sum insured per occurrence; maximum Rs 25000 per policy period | |
| Exclusions and Waiting Period | ||
| Pre-existing disease | covered after a waitng period of 4 years | |
| No claim period | Any disease contracted during the first 30 days of commencement of the policy | |
| Waiting Period | test for detecting any disorders in foetus will be covered after 27 months (14 months in case of a 4 year policy term).Delivery expenses would be covered after 36 months period or 24 months in case of a four year policy.certain diseases such as cataract, varicose veins etc. will be covered after 2 years.Certain diseases such as hernia, sinusitis etc. will be covered after 1 year. | |
| Pre & Post hospitalisation expenses | Not available for child delivery claims | |
| General Exclusions | Naturopathy treatmentCosmetic, slimming and any beauty treatmentUse of alcohol etc.Involvement in any criminal or unlawful acts | |
| Annual Premium for 1 year Policy Term | |||
| Age (in years) | Family Size | ||
| 2 Adults | 2 Adults + 1 Child | ||
| 3 lakh Sum Insured | |||
| 5 mths- 35 | 10305 | 10535 | |
| 36-45 | 10740 | 11305 | |
| 5 lakh Sum Insured | |||
| 5 months- 35 | 13960 | 14470 | |
| 36-45 | 14680 | 15310 | |
| Premiums are exclusive of service tax | |||
| Single Premium for 2 years policy term | |||
| Age (in years) | Family Size | ||
| 2 Adults | 2 Adults + 1 Child | ||
| 3 lakh Sum Insured | |||
| 5 mths- 35 | 18550 | 18965 | |
| 36-45 | 19335 | 20350 | |
| 5 lakh Sum Insured | |||
| 5 mths- 35 | 25130 | 26050 | |
| 36-45 | 26425 | 27560 | |
| Premiums are exclusive of service tax | |||
| Single Premium for 4 years policy term | |||
| Age (in years) | Family Size | ||
| 2 Adults | 2 Adults + 1 Child | ||
| 3 lakh Sum Insured | |||
| 5 months- 35 | 43285 | 44250 | |
| 36-45 | 45110 | 47485 | |
| 5 lakh Sum Insured | |||
| 5 months- 35 | 58635 | 60775 | |
| 36-45 | 61660 | 65145 | |
| Premiums are exclusive of service tax | |||
