How do I renew my Star health insurance policy?
For the past two years, many of us have been mostly living inside the four walls of our home due to COVID-19. Despite taking so many measures, many of us contracted the virus and had to be admitted to the hospital. Those who did not contract the virus also were not in very good shape because of the sedentary lifestyle. Physical exercise gets limited at home because of which many people have developed certain illnesses. If you are also one among them, it is time you should buy a health insurance policy. When you have a health insurance policy, you can enjoy several benefits and even save some money.
One of the top health insurance companies that you can opt for is Star Health and Allied Insurance Co. Ltd. The company is a joint venture between Star Health and Allied Insurance that started in 2006. You can get several options of health insurance plans under this company and at competitive premium rates. Almost all the health insurance policies offered by this company provide coverage for medical check-ups, hospitalization costs, critical illnesses, Ayurveda treatment, and many more. You can also get a mediclaim policy for autistic children from this company. The company has lately also come up with an insurance product that provides coverage to coronavirus patients for their related treatments.
Star Health and Allied Insurance Co. Ltd. have over 11,000 network hospitals. If you buy a health insurance plan from this company, you can even avail yourself of cashless treatment. The Claim Settlement Ratio of the company is 90% and has several positive reviews of the customers. Individuals who are not 60 years old yet, do not need co-payment. The company is one of the most trusted health insurance companies in India and also has received several accolades and awards. Some of them are Best BFSI Brands, 2019; Most Innovative New Product of the Year, 2020; and Best Health Insurance Provider of the Year, 2018-19.
When you have a health insurance policy, you would need to renew it on time. If you fail to renew the policy, you will not get any benefit at all. The same is with a Star Health insurance policy. As Star health insurance renewal is concerned, you can get it done after every 1 year, 2 years, or 3 years; however, it all depends on your policy term. You will get flexible payment options that will enable you to renew the health insurance policy, either online or offline.
The online renewal process of Star Health Insurance policy
As the online process for Star health insurance policy renewal is concerned, you have to follow a few steps.
Visit the website
You have to visit the official website of Star Health Insurance. Upon visiting the website, you have to click on the Renewals tab to land on the relevant page.
Enter policy details
You have to enter details such as date of Birth and Policy Number and then proceed with clicking on Renew Now.
You can now pay the premium for the policy online
Get confirmation of renewal
At this point, you will receive an email in which you will get confirmation about the complete transaction as well as the renewal of your policy.
The offline renewal process of Star Health Insurance policy
If you want to choose the offline method, you have to visit your nearest Star Health Insurance branch. You can also call on the toll-free number of the company and renew your policy.
What happens when you renew your Star health insurance policy?
When you get your Star health insurance policy renewed, you will be able to enjoy many benefits. Here are some of them.
- You get the option to revise your sum insured
- You get portability benefit
- You can avail of accumulated benefits
- You can continue getting coverage on the medical expenses incurred by you
- You can enjoy tax benefits in the premiums that you paid under Section 80D of the Income Tax Act, 1961.
To find more information about Star Health insurance Policies, you can visit the IIFL website.