Star Package Policy is a unique health insurance cover offered by general insurance company Bajaj Allianz. The most unique feature of this cover is that it offers benefits under multiple sections including hospital cash, personal accident, critical illness, etc. In addition to the health insurance benefits, this cover also has provisions for children’s education grant following the death of a parent. Customers are free to choose the sections of benefits as per their requirement, but it is mandatory to choose at least three. This is a family floater cover that can be used to cover a whole family under a single policy.
The eligibility criteria outlined by the company for enrolling in Bajaj Allianz Star Package Policy can be given as follows:
Some of the key features of Bajaj Allianz Star package Policy can be listed as follows:
The benefits offered under Bajaj Allianz Star Package Policy can be classified into 8 different sections that can be given as follows:
|Benefits||Extent of Coverage|
|1. Hospital Cash|
|Daily cash benefit during hospitalisation||Rs.500 to Rs.2,500 per day for up to 30 days|
|Daily cash benefit for ICU treatment||Double the chosen daily cash amount for up to 7 days|
|2. Health Guard|
|Hospitalisation expenses||Covered up to the sum insured limit|
|Day care treatment||Coverage for up to 130 procedures|
|Emergency ambulance cover||Actual expenses for up to Rs.1,000|
|Cumulative bonus||10% per claim-free year subject to a maximum of 50% of the sum insured amount|
|3. Critical Illness|
|First diagnosis of a named critical illness||Lump sum payment of Rs.1 lakh to Rs.3 lakh based on the sum insured amount chosen|
|Survival period||30 days|
|4. Personal Accident|
|Death of the insured person||Lumpsum payment of 100% of the sum insured amount (Rs.2 lakh to Rs.5 lakh)|
|Permanent total disability of the insured person||Lumpsum payment of 125% of the sum insured amount|
|Permanent partial disability||Lumpsum payment of the sum insured amount based on the severity of the damage|
|Temporary total disability||1% of the sum insured per week for a maximum of 100 weeks|
|5. Education Grant|
|Compensation for children’s education following the death or permanent total disability of the insured person||Lumpsum payment of the sum insured amount (Rs.2 lakh to Rs.5 lakh)|
|6. Householder’s Content|
|Loss of valuables due to fire or burglary||Coverage on the basis of standard fire policy and burglary policy Sum insured - Rs.1 lakh to Rs.4 lakh|
|7. Traveling Baggage|
|Loss of baggage during travel||Coverage for up to Rs.40,000|
|8. Public Liability|
|Liability for property damage or physical injuries caused to third parties||Coverage for up to Rs.5 lakh|
The following list of exclusions apply to Bajaj Allianz Star Package Policy:
Following an event in any of the subscribed benefit sections, the company must be notified immediately. Cashless treatment is available under the ‘Health Guard’ section for hospitalisation expenses. This follows the same procedure as a cashless treatment claim in a regular mediclaim policy.
For other claims, supporting documents must be provided while filing for the claim. For instance, a personal accident cover must include relevant documents related to death/disability certificate, medical reports, etc. Any doubts regarding the claim process or documentation can be clarified with the company’s customer service department.
Once the claim documents are filed, the company will process the request and provide its acceptance/rejection within a maximum of 30 days. In case of rejection, a suitable reason will be provide for rejection. Following the acceptance of the claim, the settlement amount will be provided within a reasonable time.