Star Medi Premier Insurance covers insured for hospitalization expenses due to illnesses and accidental injuries. It also provides additional lump sum payment in case of diagnosis of any certain illnesses during the policy term.

Star Health Medi Premier is a unique health insurance available in two sections. While section I offers protection against unexpected health care requirements. The second section ensures a lump sum payment of 50% of the sum insured in case of diagnosis of certain illnesses during the policy term.

Section I-
It covers in-patient hospitalization expenses which includes room rent up to 2% of the sum assured, subject to a maximum of Rs.4,000/-. It also covers boarding expenses, surgeon fees, specialist fees, consultant fees, anesthetists fees, nursing expenses, cost of medicines and drugs, blood, oxygen, diagnostic cost, pacemaker, artificial limbs, etc.

Th pre-hospitalization expenses are covered up to 30 days and a lump sum is calculated at 7% of the specified hospitalization expenses towards post hospitalization, subject to a maximum of Rs.5,000/-. The emergency ambulance charges are covered up to Rs.750/- and overall limit is Rs.1,500/- per policy period.

Section II-
In case of diagnosis of any specified major illnessess, it provides 50% of lump sum compensation of the sum assured under section II in addition to payment of hospitalization  under section I. This section covers major illnessess such as Stroke, Renal Failure and Cancer.

To become eligible for lump sum compensation, the diagnosis should be 90 days from the date of commencement of the policy. Also, the insured person must survive beyond 30 days from the date of detection of disease.

The policy also offers cashless hospitalization service at network hospitals across India. The premium paid is eligible for tax benefit under section 80D of the Income Tax Act,1961.

The policy is available for any person aged between 26 years and 75 years. The sum insured ranges are Rs.1Lakh, Rs.1.5Lakh, Rs.2Lakh, Rs.2.5Lakh, Rs.3Lakh, Rs.3.5Lakh and Rs.4Lakh.

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About the Author:
Habibulla Antule is a financial advisor and consultant and have provided his expertise to many financial institutions for loans and insurance
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