Star Health Insurance Premium Chart and Calculator Online
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Handling medical expenses can be financially strenuous with the rising prices of treatment and hospitalisation. This is why getting a health insurance policy has become essential for easy access to good medical facilities at times of difficulty.
A health insurance policy ensures that all your medical expenses are taken care of, and you simply have to pay the cost of the premium according to your health plan. The premium for this insurance is the amount of money you must pay the insurance company to ensure continued medical coverage for you and your family. Regularly paying the premium amount ensures that your health insurance policy remains active and you don’t face any issues during claims.
Now, if you’re looking out for a health insurance policy and unsure of the premium amount, you can easily calculate the same online. You don’t have to meet an insurer personally to understand your premium plan. Rather, almost every insurance site has a premium calculator for you to make an informed decision.
Benefits of Using Star Health Insurance Plans
Star Health insurance has won many awards, including the WHO Award of Excellence (2017) and Best Insurance Provider (Money Today Financial Awards 2018-19). They have a wide network of more than three hundred branches in India. When it comes to health insurance plans, they have a great variety to offer, considering the need of both an individual and a family. Following are some of the key benefits of Star Health insurance:
- An excellent claim settlement rate of 90 per cent within two hours
- The policy can be renewed throughout the lifetime
- A satisfactory incurred claim ratio of 63 per cent
- A wide variety of health insurance plans cover different needs, such as senior citizen health insurance plans, family floater plans, individual insurance plans, critical illness, disease-specific insurance plans, etc.
- No capping on room rents
- Other benefits, such as air ambulance facilities and medical consultations in a network hospital
Takeaway
Getting a health insurance policy has become extremely important considering the inflation in the medical industry. There are several health insurance policies to choose from. But getting the right estimate of the premium cost may seem a bit tricky. The insurance premium calculators available online have made it easy to evaluate and compare the premium costs of different policies. Star Health insurance calculator is one such tool that gives you an accurate premium estimate in just a few seconds.
Get in touch with our HexaHealth experts to know more about Star Health insurance policies and how they may benefit you and your family. We can help you find the best insurance plan for your medical needs and budget. So, call a HexaHealth expert today!
Frequently Asked Questions
Does Star Health premium increase by year?
Health insurance premiums increase yearly due to unavoidable factors, such as age and health of the insured, inflation in the medical industry, and the insured’s claim history.
How do I check my Star Health premium online?
You can check your Star Health premium by visiting the official website of Star Health and Allied Insurance Company. Once you enter basic details, such as your full name, mobile number, email id, and for whom you want the plan, you will get a quote for the premium cost.
How is health insurance premium calculated?
Health insurance companies calculate your premium based on several factors, such as your lifestyle, medical history, and previous illnesses. Based on such factors, the companies fix their quotation price.
What is the premium of Star Health Insurance?
The premium cost depends on several factors, such as for whom you want the policy (individual, parents, or the whole family). It also depends on the policy period and insurance cover you have chosen.
Do I need to pay any fees to use Star Health Insurance Premium Calculator?
Star Health insurance calculator is available online, and anyone can access it without paying any fee. You just have to fill in some basic details in the online form to get a quote.
How can I use the Star Health Insurance Premium Calculator?
Follow the steps given below to use the Star Health insurance premium calculator:
- Visit the official website.
- Enter your name and mobile number. Also, select for whom you want the policy.
- You will be taken to another form, where you will enter your email id and choose the policy period and insurance cover.
- Click on 'calculate' to get the premium cost.
How to check Star Health Insurance Policy status?
The steps to check the status of your Star Health insurance policy are given below:-
- Go to the official website.
- Click the ‘claims’ tab, and you will find a ‘claim status option’ in the dropdown menu.
- Enter your intimation number to get the claim status.
(Your Star Health intimation number can be your mobile number, health ID card, or your policy number)
How to pay Star Health Insurance premium online?
You can easily pay your monthly instalments for Star Health insurance online using the following steps:
- On the official website, click on ‘existing customer’.
- You will find the ‘Pay EMI’ option in the dropdown list.
- After clicking on the ‘Pay EMI’ button, enter the policy number and date of birth to get your premium details.
- Once you get the payment details, you can easily make the payment through various online payment modes.
How is the base premium calculated?
The base premium is determined by multiplying the standard premium by the basic premium factor.
How are monthly insurance payments calculated?
Monthly insurance can be calculated by dividing the annual premium cost by 12. For example, for the annual premium cost of one lakh, the monthly payment cost would be 8333.
How can I lower my health insurance premiums?
The following ways can help you reduce your health insurance premiums:-
- Get a health insurance policy when you are young.
- Choose a policy with less sum assured.
- Opt for copay and deductibles.
What is a monthly premium?
Amount paid monthly for your health insurance is called a monthly premium. Several additional costs, such as a deductible, copayments, and coinsurance, are also required to be paid for healthcare.
Can we pay health insurance monthly?
Yes, as per the insurance regulators (IRDAI), insurance can be paid monthly, quarterly, half-yearly, as well as annually.
Is Star a good health insurance company?
Star Health and Allied insurance company have received many awards proving themselves to be one of the best insurance companies in India.
How much is the health insurance premium in India?
The average health insurance cost in India is Rs 500-800 monthly. However, the average cost also depends on your chosen policy type.
What is the benefit of Star Health insurance?
Star Health insurance has an excellent claim settlement ratio of 90 per cent within two months. They offer a wide variety of insurance plans to cover the needs of both the family and the individual.
Updated on : 12 December 2023
Reviewer
Dr. Aman Priya Khanna
MBBS, DNB General Surgery, Fellowship in Minimal Access Surgery, FIAGES
12 Years Experience
Dr Aman Priya Khanna is a well-known General Surgeon, Proctologist and Bariatric Surgeon currently associated with HealthFort Clinic, Health First Multispecialty Clinic in Delhi. He has 12 years of experience in General Surgery and worke...View More
Author
HexaHealth Care Team
HexaHealth Care Team brings you medical content covering many important conditions, procedures falling under different medical specialities. The content published is thoroughly reviewed by our panel of qualified doctors for its accuracy and relevance.