The Star Super Surplus Insurance Policy is a health insurance plan offered by Star Health and Allied Insurance Co. Ltd. It is designed to provide additional coverage over and above the existing health insurance coverage. Here are the key features of the Star Super Surplus Insurance Policy:
Additional Coverage: The policy provides additional coverage beyond the sum insured of the primary health insurance policy. It acts as a top-up plan, offering financial protection against high medical expenses that exceed the threshold limit of the primary policy.
High Sum Insured: Policyholders can opt for a high sum insured at an affordable premium, ensuring adequate coverage to meet expensive medical treatments and hospitalization expenses.
Deductible Option: The policy comes with a deductible option, which is the amount that the policyholder needs to pay from their own pocket before the policy coverage kicks in. Opting for a higher deductible can help in reducing the premium amount.
Flexibility: Policyholders have the flexibility to choose the deductible amount and sum insured based on their healthcare needs, budget, and existing health insurance coverage.
Wide Coverage: The policy covers various medical expenses, including hospitalization expenses, day care procedures, pre and post-hospitalization expenses, organ donor expenses, and ambulance charges.
Cashless Hospitalization: Star Health has a vast network of hospitals where policyholders can avail of cashless treatment, making the claim process smooth and hassle-free.
Lifetime Renewability: Policyholders have the option to renew the policy for a lifetime, ensuring continuous coverage for their healthcare needs throughout their lives.
Family Floater Option: The policy offers the option to cover the entire family under a single policy, ensuring comprehensive coverage for all family members under one plan.
No Claim Bonus: Some variants of the policy offer a no claim bonus benefit, wherein the sum insured increases for every claim-free year, rewarding policyholders for maintaining good health.
Tax Benefits: Premiums paid towards the policy may be eligible for tax benefits under Section 80D of the Income Tax Act, 1961, subject to applicable tax laws.
The Star Super Surplus Insurance Policy provides additional financial protection against high medical expenses, ensuring peace of mind for individuals and families. Policyholders should carefully review the policy documents, including terms, conditions, and exclusions, to understand the coverage offered under the policy. Additionally, consulting with an insurance advisor can help in selecting the most suitable deductible and sum insured based on individual needs and requirements.
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