Star Package policy
Star Package policy is an all-in-one family floater policy that provides them protection against health risks, household contents, education grant, travel baggage, and public liability. It also insures you and your family members against death or injury resulting in disability (either permanent or temporary).
In this policy you have an option of choosing 3 or more covers out of the mentioned list:
Protects against serious accident or major illness,
Pre and post hospitalization expenses reimbursement
Income Tax benefit up to Rs. 35000 under Sec80D
Covers 30 days of hospitalization period during a year
Cash benefit for each day of hospitalization.
Applicable for every family member
Daily cash benefits in multiples of 500 to a maximum of Rs. 2500.
Cancer, paralysis and other critical diseases covered
Amount payable in lump sum
Unlike other policies, it covers donor expenses in a transplant surgery
Covers you against accidental death and disability.
Education of the deceased’s child/children covered in case of accidental death or permanent disability.
Covers you against actual or attempted housebreaking, fire, earthquake etc.
Covers you against accidental loss and damage caused to personal baggage while travel in India.
Protects you against legal liability for bodily injury or damage to property of a third party.
Details About Premium
Annual premium will depend on the number of plans selected.
Coverage type: Family
Long-term policy discount: 10% on your premium, if policy taken for 2 years and 15%, if taken for 3 years.
Grace period: Grace period of 15 days is allowed for payment of premium. If policyholder fails to make payment within the grace period, the waiting period of 2 or 4 years shall start afresh.
Portability: If you are insured under any other health insurance policy of Non-life insurer you can transfer to Bajaj Allianz Health Guard Individual policy with all your accrued benefits after due allowances for waiting periods.
Policy termination: Policyholder can terminate the policy at any time by giving a 15 day written notice. In case no claim has been made under the policy, the percentage of premium will be refunded.
Free look period: If you are not pleased with the coverage, premiums, or any other feature of your policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided no claim has been made.
Waiting period of 4 years is applicable for pre-existing diseases
Cosmetic, aesthetic, or related treatments will not be covered.
Any illness or disease contracted due to intake of alcohol or other addictive substances will not be covered.
Treatments consisting of non-allopathic medicine are not covered under this policy.
Accident due to drunk driving.