Star Health Insurance Amritsar
Star Health & Allied Insurance Co. Ltd. has been providing quality healthcare facilities since 2006 as India’s first Standalone Health Insurance provider. Company aims at providing health care plans at low-cost rates so that every segment of the population can avail them. The company always promises to cater to everyone’s medical requirements, whether you are an individual, a family, or a senior citizen. Star Health insurance always offers outstanding health insurance plans that give maximum coverage to you and your family members. The company has specialization in Healthcare, Personal Accident, and Travel Insurance plans. It has been awarded for service excellence and always been considered on the top for delivering the best to its customers. With its hard work and commitment towards its customers, the company has achieved many awards, which shows its dedication and determination.
Why is Star Health Insurance the best?
In the current situation, every person in our country has been immensely affected by Covid-19. It’s a responsibility of every single human to have a good health insurance plan that will cater to him and his family’s healthcare needs without paying medical bills. Nowadays, several health insurance companies have been launched in Indian market and they are also offering customer-friendly and affordable insurance plans/products. But how will you identify which one is the best for you and your family members? Selecting the right health plan for you and your family must be a challenging part. Multiple questions like network hospitals, premium, family cover, claim support, etc. constantly be coming across your mind? Just to ensure complete financial coverage in the time of need. While taking care of all these features, Star Health Insurance has been on the top of the list amongst a list of all the 29 companies operating in the health insurance industry. Let’s have a look at the Key Features to help you answer this question.
Key Features Of Star Health Insurance
Star Health Insurance company offers a range of extensive medical insurance plans at economical premium amounts. Dedication and customer-centric approach are two main USP’s of that company, as Health Insurance Providers. Let’s see what key features they have:
Star health Insurance Network Hospitals
Suppose if you or someone in your family suddenly gets severely ill at midnight, and you have to get your family member admitted to a hospital. At the time of an emergency, you don’t have that much cash with you. But with Star Health Insurance, having more than 10,200 network hospitals in list, you don’t have to worry about any such situations. This company has the highest number of network hospitals available in every state of India, where you can avail yourself of a cashless facility. The company will settle all your medical expenses without you worrying about the big hospital bills.
You can easily find the list of network hospitals under Star Health Insurance. All you have to do is select your location/state, and your city. Once done, you will see all the empanelled hospitals in your city.
To check a company’s ability for meeting its long-term financial obligations, go through the solvency ratio of the company. Before you select an ideal health insurance company, the solvency ratio is one of the essential factors. As per IRDA, it is mandatory for every health insurance company to maintain a solvency ratio of 1.5, and good thing is Star Health Insurance has had solvency ratio 2 since last 3-4 years. This graph shows the financial strength of Star Health company. The company has enough capital to pay off the claims to the customers.
Star Health Insurance Claim Settlement Ratio
What will you do if your health insurance company is unable to settle your claims on time. Your health insurance becomes worthless. However, as per the report of 2020 issued by the (IRDA-Insurance Regulatory and Development Authority of India), Star Health has settled 99.9% of claims within 3 months, which simply proves that the company always takes care of its customers’ requirements whenever they have medical emergencies.
Pan India Presence
Star health Insurance has more than 640+ branch offices in Pan India, which allows its customers to reach out to them without any hassle. You can directly visit your nearest branch office for any query related to policy or claim settlements.
In-House Claim Settlement
Your medical insurance claims can be settled by your insurance company in two different ways, one is through third-party administrators ( TPA ) and the 2nd is through the insurer’s in-house claims. A TPA is basically a middleman who is dependent on the insurance companies for the settlement of health insurance claims. A TPA is appointed by the insurer. Please note, TPAs are not responsible for claims rejection or acceptance. Since TPA’s are dependent on insurance companies which can cause delay in claim settlement. When it comes to Star Health insurance, it offers hassle-free in-house claim settlements without any TPA so that all your claims are settled on time.
Star Health Insurance Plans Details
Star has crafted the best 21 health plans that ensure to cover your medical needs. These plans are not just for individuals, but for your family, senior citizens parents, and even for coverage against the Covid19. Find out complete list of Star Health Insurance Plans:
Star Family Health Optima Insurance Plan
Star Family Health Optima Plan covers medical needs of the entire family under a single sum insured. This plan offers the best insurance coverage to your family members at a lowest premium in case of any medical emergency.
Star Health Insurance For Senior Citizens
Senior Citizens Red Carpet Health Insurance Policy has been designed specially for your parents for their healthcare expenditure and secure future for senior citizens. Leave all medical expenses to us. We will take care of all senior citizens to look after their medical needs without worrying about hospital bills. Buy star health insurance for senior citizen.
Star Health Insurance Medi Classic (Individual)
Star Health Medi Classic Insurance Policy covers hospital expenses that arise due to illness/disease/sickness or accidental injuries. The plan gives you complete financial support during hard time and keeps your savings untouched.
Star Comprehensive Insurance Policy
Star Comprehensive plan has been launched with wider coverage options at an affordable premium amount. This plan provides all the necessary financial assistance that a person requires at the medical emergency. The plan offers wider coverage against all medical emergencies for a family or an individual and floater basis.
Star Health Insurance For Diabetes
Diabetes Health Insurance Policy provide health cover to individuals suffering from Diabetes. Both Type 1 and Type 2 diabetes patients will be covered under this Star Health Insurance plan for diabetes. Under that plan, the company not only covers diseases arising from diabetes, but also covers normal hospitalization, accidental death, and outpatient expenses as well.