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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Health Insurance > Health Insurance Companies > Star Health and Allied Insurance Company

Star Health and Allied Insurance Company

Star Health and Allied Insurance Company Limited (Star Health) has a capital base of Rs.303 crores, more than sufficient to form a General Insurance Company. However, Star Health has chosen to be in the field of Health. It is India's first stand-alone Health Insurance Company in India and deals in Personal Accident, Mediclaim and Overseas Travel Insurance. In August 2010, Star Health and Allied Insurance in association with Shiram Life Insurance launched the first Combi Insurance policy in India.
Health Insurance Plans
1) Medi Classic : This is a life and accident insurance policy that provides for reimbursement of hospitalization expenses incurred as a result of illness /disease /sickness and/or car accident/personal accident insurance claims.

2) Family Health Optima : This is an exclusive insurance plan for the entire family under a single roof- one family one policy one premium and one sum insured that floats among the persons insured. Net result: considerable flexibility and economy.

3) Super Surplus : An insurance which offers much larger coverage than is offered by basic plans. So all the focus can be on cures, as it banishes worry. Individual basis or family floater - the choice is yours.

4) Star Health Gain Insurance : Star Health Gain Insurance policy lets you avail maximum tax benefit by paying a very affordable premium. Also, get coverage for both inpatient and outpatient treatments under one insurance

5) Diabetes Safe : Star Health's diabetes care plan provides coverage for those affected by Diabetes Mellitus Type II.

6) Senior Citizen Red Carpet : It provides cover for anyone over the age of 60 and permits entry right up to the age of 69 with continuing cover after that.

7) Star Netplus : It's a special policy from Star Health to extend a protective arm to socially isolated persons often disowned by their family members - the Star NetPlus insurance - reaching insurance where it is most needed. This HIV Insurance policy fills the gap where all other policies and insurers treat HIV as exclusion.

8) Star Criticare Plus : This policy offers critical illness insurance cover to the Insured Person under two sections. Both regular hospitalization benefits and major diseases benefits are available under one policy.
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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