The Star Extra Protect is an add-on cover offered by Star Health and Allied Insurance Co. Ltd., designed to enhance the coverage provided by existing health insurance policies. Here are the key features of the Star Extra Protect add-on cover:
Enhanced Coverage: Star Extra Protect enhances the coverage provided by your base health insurance policy by offering additional benefits and higher coverage limits.
Critical Illness Cover: The add-on cover may provide coverage for critical illnesses not covered under your base health insurance policy. It offers financial protection against major health emergencies such as cancer, heart attack, stroke, kidney failure, and more.
Hospital Cash Benefit: In the event of hospitalization, Star Extra Protect may provide a daily cash benefit to cover incidental expenses such as transportation, food, and accommodation during hospital stays. This additional financial support can help ease the financial burden associated with hospitalization.
Convalescence Benefit: Some variants of the add-on cover may offer a convalescence benefit, providing a lump sum payment upon discharge from the hospital to support recovery and rehabilitation expenses.
No Claim Bonus: Policyholders may be eligible for a no claim bonus under the Star Extra Protect add-on cover, wherein the sum insured increases for every claim-free year, rewarding policyholders for maintaining good health.
Flexible Sum Insured Options: Policyholders have the flexibility to choose from various sum insured options based on their healthcare needs, budget, and preferences, ensuring personalized coverage that meets their requirements.
Easy Claim Process: Star Health has a streamlined claim process for the Extra Protect add-on cover, making it easy for policyholders to avail of benefits when needed. The insurer may offer cashless hospitalization facilities at a vast network of hospitals for added convenience.
Tax Benefits: Premiums paid towards the Star Extra Protect add-on cover may be eligible for tax benefits under Section 80D of the Income Tax Act, 1961, subject to applicable tax laws.
By opting for the Star Extra Protect add-on cover, policyholders can enhance their existing health insurance coverage and enjoy additional benefits and financial protection against unforeseen medical expenses. It is important to carefully review the terms, conditions, and exclusions of the add-on cover to understand the coverage provided and make an informed decision based on individual healthcare needs and requirements. Consulting with an insurance advisor can also help in selecting the most suitable coverage options.
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