star health young star insurance review
Star Health Young Star Insurance Policy is the newest entry into the health insurance for youthful grown-ups member. This catch them youthful insurance policy is designed to support moment’s work-hard- play-hard life synonymous with Indians in their 20s and 30s.
The Young Star insurance plan from Star Health is loaded with features and aims to appeal to this age- class as it includes heartiness advantages, prices for health conscious individualities and comes at a deliciously affordable decoration.
In this in- depth product review we look to do effects – 1. Understand the benefits, decoration, terms & conditions that are erected into this plan and 2. Make a case to see if the Young Star policy fits the image Star Health is trying to produce as the stylish health insurance for youthful grown-ups in India.
- Product Eligibility
Age The Star Health Youngstar Plan can be bought by any person who's progressed between 18 times and 40 times.
Star Health Young Star Insurance Policy
This doesn't mean that the policy setbacks after the age of 40 times and the health insurance plan comes with continuance renewability. This means if you had enrolled into this plan by the age of 40, also you can continue in this plan till the end of your life as long as you continue to pay the decorations on time or the policy doesn't get withdrawn by the insurance company.
The possible combination can apply are
- 1 Adult
- 1 Adult 1 Child
- 1 Adult 2 Children
- 1 Adult 3 Children
- 2 Grown-ups ( i.e. tone & partner)
- 2 Grown-ups 1 Child
- 2 Grown-ups 2 Children
- 2 Grown-ups 3 Children
Therefore the minimal number of members in the Star Health Young Star policy can be 1 ( i.e.Adult 1 ) and the maximum members can go upto 5 (i.e. 2Grown-ups 3Children).
The policy does allowmid-term eliminations in the following scripts
- Having a wedded partner
- Fairly espoused child
- New born baby
Do note that the suggestion about the marriage/ relinquishment should be given within 45 days from the date of marriage or date of relinquishment. Likewise, the insurance company needs to be formally informed ( rather via a written letter & dispatch submitted to the insurance company client service platoon) within 90 days from the date of birth.
Policy Coverage
Sum Insured Options
The Star Health Youngstar Insurance Plan offers a wide range of sum ensured options ranging from ₹ to ₹ i.e. ₹ 3 lakh to ₹ 1.0 crore.
While the ₹ 3 lakh option is available only for individualities, sum insured options starting from ₹ 5 lakh are available on a family floater base. The sum ensured options you can choose from are
₹3,00,000 ( existent only)
₹5,00,000
₹10,00,000
₹15,00,000
₹20,00,000
₹25,00,000
₹50,00,000
₹75,00,000
₹1,00,00,000
Policy Tenure Options
The Star Health Young Star Insurance Policy can be bought in a 1 time or a 2 time term.
There's a small reduction when you conclude for a 2 time policy. Unlike other insurance plans, there's no reduction that's written easily in the prospectus or folder.
I did some computations using some combinations of age & member type – and saw that the reduction offered when copping a 2 time plan is between 3 to 4. That’s a bit on the lower side and I conclude that's the case because Star Health expects most consumers to buy this health insurance plan on the yearly decoration payment mode. The yearly health insurance decoration payment option nullifies any addition to investment income the insurance company can anticipate.
Policy Tenure Options
- The Star Health Young Star Insurance Policy can be bought in a 1 time or a 2 time term.
There's a small reduction when you conclude for a 2 time policy. Unlike other insurance plans, there's no reduction that's written easily in the prospectus or folder.
I did some computations using some combinations of age & member type – and saw that the reduction offered when copping a 2 time plan is between 3 to 4. That’s a bit on the lower side and I conclude that's the case because Star Health expects most consumers to buy this health insurance plan on the yearly decoration payment mode. The yearly health insurance decoration payment option nullifies any addition to investment income the insurance company can anticipate.
Plan Type Options
- The policy offers two plan types
- Star Health Young Star Silver Plan
- Star Health Young Star Gold Plan
The difference between the Tableware and the Gold plan is just two fresh contents that are there in the Gold plan which are
Delivery Charges( the plan pays for child delivery charges including caesarean delivery upto ₹ per delivery; details bandied latterly in this composition)
Hospital Cash Benefit (₹ for each completed day of hospitalization; details bandied in another section
The choice between the Tableware plan or Gold plan comes to only two effects – who's the policy for and what’s the decoration.
For illustration – if you're a joker, also the Tableware plan would be enough because you do n’t need the motherliness part for now. Also, if your family formerly has a child or 2 children also too, you might not have important use of the Gold plan as you might not be planning for further children.
Sub Limits
Utmost Star Health Insurance programs have sub limits.
Case in point is the Star Health Red Carpet policy for elderly citizens which has sub limits for room rent, ICU charges, surgeon freights, operating theatre charges, ambulance,post-hospitalization, cataract and indeed major surgeries like gastro-intestinal surgery, total knee reliefetc.
Still, I find that there are only two scripts where aco-payment (of feathers) is applicable. These are
- Room/ ICU charges which applies if the Ensured goes to a room order above the allotment i.e. Single Private A/ C Room ( read my note before in the composition on this)
- Deductible of 1 day in the case of Hospital Cash Benefit ( applicable in Gold plan)
Pleasantly, the Star Young Star insurance plan doesn't apply any sub limit on specific ails unlike utmost of its other plans
Policy Benefits
The Star Health Young Star Insurance programs come with numerous features and benefits. The table below explains the details of the contents under this policy.
It's good to note that barring cost of health check up and the two fresh features in the Gold plan, the other contents do n’t have any specific sub limit for lower sum ensured.