Star Health and Allied Insurance Company, in collaboration with Policybazaar, has introduced a groundbreaking health insurance plan called 'SUPER STAR.'
In a press statement on Friday, the company informed that this innovative long-term health insurance policy, designed to provide unparalleled flexibility and personalisation, caters to the evolving needs of policyholders throughout different stages of life. Available for both individuals and families, the 5-year policy term ensures long-term financial protection, making the SUPER STAR plan a significant advancement in the health insurance landscape.
The SUPER STAR plan is exclusively available as a digital product through the Policybazaar website and Star Health’s online portal. It redefines health insurance by offering modular coverage that adapts to the changing needs of customers.
The company's press statement highlights the key features of the SUPER STAR plan which includes :
Freeze Your Age: Policyholders can lock in their entry-age premium until a claim is made, offering substantial long-term savings. Available for customers aged up to 50 at entry.
No Claim Bonus (NCB): Customers can earn a 50 per cent NCB for each claim-free year, which can increase to 100 per cent of the sum insured, promoting prudent health management.
Automatic Restoration: The sum insured is automatically restored during the policy year for both related and unrelated illnesses, offering peace of mind in case of multiple hospitalisations.
Midterm Inclusion: Newly married spouses, newborns, or adopted children can be added to the policy during the term, ensuring coverage for expanding families.
Wellness Rewards: The plan incentivises healthy living, offering up to a 20 per cent discount on renewal premiums for policyholders who stay proactive about their health.
Policy Term of Up to 5 Years: For the first time, Policybazaar customers can opt for a health insurance policy term of up to five years, reducing the need for annual renewals.
Additional benefits of the SUPER STAR plan include the Super Star Bonus, which adds 100 per cent of the sum insured at each renewal with no accumulation cap, and a Consumables Cover for items like gloves and masks. A Smart Network Discount offers policyholders a 15 per cent premium discount for treatments at preferred hospitals.
Sarbvir Singh, Joint Group CEO of PB Fintech, commented, “SUPER STAR addresses the critical need for flexible and comprehensive health insurance, allowing customers to select coverage that evolves with them. We’re excited to partner with Star Health to make this game-changing product accessible to millions of households.”
Anand Roy, MD & CEO of Star Health Insurance, added, “SUPER STAR is a revolutionary solution for India’s growing healthcare needs. It provides comprehensive, personalised protection that adapts to every stage of life, ensuring peace of mind for policyholders.”
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