Star Medi Classic Plan

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Star Medi Classic

	Objective			An online health insurance policy which aims to protect insured member(s) from expenses incurred on treatment taken as an inpatient along with several other benefits available for extra price.
Suited for			Anyone between 5 and 80 years (65 years for a Rs 10 lakh cover) is eligible to buy this policy on individual or floater basis.
What does it do?			This policy can be bought for an individual, a family floater or a group. Group policy can avail a discount on premium if bought for more than 500 persons. It provides for hospitalisation expenses with sub-limits on room rent and boarding, pre and post hospitalisation expenses and ambulance charges. Policyholder can widen the cover by opting for other benefits by paying extra premium. Optional benefits include daily cash benefit, patient care for persons above 65 years and newborn baby cover. This policy also covers non-allopathic treatment.
Pros			It covers non-allopathic treatment as well. The policy can provide cover up to Rs 10 lakh. This policy allows a 5 per cent discount if it's purchased online. It provides a no-claim discount for every claim-free year. Group policies avail a discount on premium. Premium paid towards this policy can be availed as deduction under section 80D of IT Act.
Cons			Room rent and boarding charges are capped. Family floater policy is available for a sum insured up to Rs 3 lakh only.
Our View			This is a good policy that also covers non-allopathic treatment. Policyholders can customise the policy by adding supplementary benefits. For instance, patient care benefit pays a daily cash amount for nursing charges, which is useful.The only drawback is the capping on room rent and boarding. Even though it does not offer a lifelong policy renewal, 80 years is a long enough tenure
Eligibility
Entry Age (years)
Minimum		5 months
Maximum		80 (65 for Rs 10 lakh Sum Insured)
Maximum Policy Renewal Age (years)		80 (65 for Rs 10 lakh Sum Insured)
Policy Term (years)		1
Sum Insured (Rs)
Maximum		10 lakh
Minimum		50000
Tax Benefit		Premium paid is eligible for tax benefit under section 80D of the Income Tax Act
Discount		5-25% for each claim free year except for Family Package Plan 5% for online purchase
Pre Policy Medical Check Up		Mandatory for persons above 50 years of age at cost of the company
Policy Termination		Either of insurance cpmpany or policyholder may terminate the policy by giving a 30 day notice.
Customer Service		Star Health and Allied Insurance Company Limited Corporate Office: No.1, New Tank Street, Valluvar Kottam High Road, Nungambakkam, Chennai - 600034.
Customer Service
Mail to		support@starhealth.in, info@starhealth.in
Call to		1800 425 2255/ / 044 2826 3300
SMS		STAR to 56677

 

	Scope Of Cover
Cashless facility		Available at empanelled hospitals in India
Re-imbursement		Available at non empanelled network of hospitals
Pre hospitalisation		Covered; upto maximum of 30 days prior to hospitalisation
Post Hospitalisation		lumpsum calculated at 7% of the hospitalization expenses (excluding room charges) subject to a maximum of Rs.5,000
In-patient hospitalisation		Covered
Room rent, boarding		2% of sum insured, subject to a maximum of Rs.4000/- per day
nursing expenses, Surgeon's fees, Consultant's fees, Anesthetist's and Specialist's fees, Cost of medicines and drugs		Covered
Emergency Ambulance		Rs 750 per hospitalisation upto maximum of Rs 1500 per policy period
Non Allopathic Treatment		Covered upto maximum of 25% of Sum Insured subject to a maximum of Rs 25000 per policy year
Optional Cover (payment of additional premium required)
Hospital Cash		Rs 500 per day; maximum Rs 1500 per hospitalisation; maximum Rs 3000 per policy year
Patient Care (for persons above 65 years of age)		Pays attendant charges after discharge @ Rs 400 per day upto maximum of 5 days per hospitalisation
New born baby (upto 5 months)		Covered for 10% of Sum Insured in respect of mother

 

	Exclusions and Waiting Period
Pre existing diseases		Any pre-existing disease will be covered after 4 years
No claim period		Any disease contracted during the first 30 days of commencement of the policy
New Born Baby Cover		Post natal and immunization expenses
Waiting Period		2 days for Patient CareCertain diseases such as hernia, piles, sinusitis etc shall be covered after a waiting period of 1 year.Certain diseases such as Cataract, treatment of joints unless caused by an accident, varicose veins etc will be covered after 2 years
General Exclusions		Naturopathy treatmentCosmetic, beauty or slimming treatment

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

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OR

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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3. HDFC Gold Fund

Apollo Munich Easy Health Premium- Family Floater Plan

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

 

Apollo Munich Easy Health Premium- Family Floater

	Objective			This policy aims to provide complete health insurance for a family by including a comprehensive coverage for hospitalisation, outpatient treatment, maternity expenses, newborn baby cover, and other incidental expenses.
Suited for			This policy is most suitable for young couples who are planning to go the family way. Individuals looking to insure their spouse and dependent children can also buy this policy.
What does it do?			It is the third and most comprehensive variant of Easy Health policy from Apollo Munich. It is an all-inclusive policy that covers maternity expenses, newborn baby, out-patient dental treatment and provides daily cash benefit for an adult accompanying insured child. There is also an optional cover for Critical Illness which will pay a lump sum amount on confirmed diagnosis of any of the listed illnesses. Critical Illness cover will attract additional premium from policyholder. Maternity benefit and out-patient dental treatment will be covered only after the waiting period. Some other benefits such as external aids including spectacles, hearing machine and contact lenses and health check-up benefit will be allowed once after lapse of every certain number of claim free years.
Pros			There is no cover ceasing age. It offers a life long insurance. It offers a discount of 7.5 per cent on advance payment of 2-year premium. It gives a cumulative bonus of 10 per cent for every claim-free year up to a maximum of 50 per cent. This policy can be purchased online. It provides for homeopathic, ayurvedic, Unani and Sidha treatment. Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act.
Cons			In case, cumulative bonus has been passed and a claim arises during that year, cumulative bonus would be reduced by 20 per cent in the following year. There is a waiting period before maternity expenses and out-patient dental treatment become eligible.
Our View			Shopping for insurance should be purely based on your needs and budget. Only if you think you require a comprehensive coverage, should you go for it. Or consider lower variants of 'Easy Health' policy which offer a coverage for lesser price. Ensure that you know the waiting period before taking this policy.
Eligibility
Entry Age (years)
Minimum		18; 3 months for children
Maximum		65
Maximum Policy Renewal Age (years)		No Limit
Policy Term (years)		1 or 2
Sum Insured (Rs)
Maximum		10 lakh
Minimum		4 lakh
Discount		Premium discount of 7.5% on advance premium payment for 2 year policy term.
No Claim Bonus		10% increase in your annual inpatient benefit sum insured for every claim free year, till it reaches 50% of the Sum insured. In case a claim is made during a policy year, the cumulative bonus would reduce by 20% in the following year
Grace Period for Policy Renewal		15 days
Policy Termination		Insurance company may terminate the policy by giving a written notice of 30 days. Policyholder is also allowed to terminate the policy at anytime by giving a written notice. In case no claim has been made under the policy, percentage of premium will be refunded
Customer Service
Address		Apollo Munich Health Insurance Company Limited Corporate Office: 10th floor, Tower B, Building No. 10, DLF Cyber City, Phase -II, Gurgaon, Haryana-122002 Registered Office: Apollo Hospital Complex, Jubilee Hills, Hyderabad - 500033
Mail to		customerservice@apollomunichinsurance.com
Call to		1800-102-0333
SMS		'easyhealth' to 56767333
Network Hospitals		Http://www.apollomunichinsurance.com/our-hospital-network.aspx

 

	Scope of Cover
		Sum Insured (in Rs)
		4 lakh and 5 lakh		7.50 lakh and 10 lakh
Cashless facility		Available if treatment taken in a network hospital
Re-imbursement Facility		Available if treatment taken in a non network hospital
Pre-hospitalisation		Covered for 30 days. 30 days extend to 60 days if informed 5 days in advance of hospitalisation
Post-hospitalisation		Covered from 60 days. 60 days extend upto 90 days if informed 5 days in advance of hospitalisation
In-patient Treatment		Covered
Day-Care Procedures		140 in number are covered
Domiciliary Treatment		Covered if the illness continues for atleast 3 consecutive days
Daily cash for choosing shared accommodation		Rs 500 per day, Maximum Rs 3,000		Rs 800 per day, maximum Rs 4800
Expenses for organ donor of transplant		Covered
Emergency Ambulance		Up to Rs 2,000 per hospitalisation
Ayush Benefit		covered upto Rs 25000
Daily Cash for 1 adult accompanying an insured child		Rs 300 per day, maximum Rs 9000		Rs 500 per day, maximum Rs 15000
Maternity Expenses		Normal Delivery Rs 15000Caesarean Delivery Rs 25000 (Sums are including pre/post natal limit of Rs 1500 and new born limit of Rs 2000)		Normal Delivery Rs 25000Caesarean Delivery Rs 40000 (Sums are including pre/post natal limit of Rs 2500 and new born limit of Rs 3500)
Newborn baby		Optional
Out-patient Dental Treatment		50% of reasonable cost, Upto 1% of Sum insured subject to a maximum of Rs 5000
Spectacles, Contact Lenses, Hearing Aid every third year		50% of the admissible expenses, maximum upto Rs 5000
E-Opinion in respect of a Critical Illness		Covered, one opinion per policy year (if no previous claim was made in current policy year) form any member of policyholder's choice from the insurance company's panel
Additional Cover for Critical Illness		Optional Optional 50% or 100% of in-patient Sum Insured
Health Check-up(after every 2 claim free years)		Upto 1% of Sum insured subject to a maximum of Rs 5000 per insured person

 

	Exclusions and Waiting Period
Pre-existing disease		covered after 36 months of continuous policy renewal
No claim period		30 days from policy start date
Waiting Period		4 years for maternity benefit24 months for treatment of certain illnesses as stated in the policy document.3 years for outpatient dental treatment
General exclusion		AIDS/ HIV or any related conditionTreatment of any mental disorder

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund