Skip to main content

Star Wedding Gift Insurance

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Objective

A health policy which will take care of medical needs of a young couple. It will cover maternity expenses too.

 

Suited for

This policy is suitable for youngsters.

 

What does it do?

One can opt for either the 3-lakh or 5-lakh policy. It covers hospitalisation bills, pre and post hospitalisation expenses, maternity expenses and newborn baby. It pays a lump sum amount if the baby is born with Down's syndrome or Cerebral Palsy. It also provides for emergency ambulance and non-allopathic treatment except Naturopathy. The expenses are capped up to stated in the plan.

 

Pros

Waiting period for maternity cover reduces to two years if one opts for a 4-year policy term.
Non-allopathic treatments are covered.
Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act.

 

Cons

Policy offers a maximum cover of Rs 5 lakh, which may not be sufficient for a family of three.
This policy cannot be renewed beyond 45 years of age.

 

Our View

Though it offers decent benefits and features, the policy is little expensive as compared to other products in the market. Cover for non-allopathic treatment may be a cause for higher price. Coverage upto maximum of 45 years of age is another drawback. If you are looking for such a policy, consider substitutes from other insurers that are available at cheaper rates.

 

Eligibility

Entry Age (years)

Minimum

18; 5 months for children

Maximum

40

Maximum Policy Renewal Age (years)

45

Coverage Type

2 adults/ 2 adults and one child

Policy Term (years)

1 or 2 or 4

Sum Insured (Rs)

Maximum

5 lakh

Minimum

3 lakh

Tax Benefit

Premium paid is eligible for tax benefit under section 80D of the Income Tax Act

Pre Policy Medical Check Up

Not required

Free look Period

15 days; available under 4 year policy only; In case of policy cancellation, premium paid would be refunded after deduction of 5% of premium provided no claim has been made

Grace Period for Policy Renewal

15 days

Customer Service

Address

Star Health and Allied Insurance Company Limited
Corporate Office: No.1, New Tank Street,
Valluvar Kottam High Road, Nungambakkam,
Chennai - 600034.

Mail to

support@starhealth.in

Call to

1800 425 2255/ / 044 2826 3300

SMS

STAR to 56677

 

Scope Of Cover

Option I (Sum insured Rs 3 lakh)

Option II (Sum insured Rs 5 lakh)

Cashless facility

Available at empanelled hospitals in India.

Re-imbursement

Available

In-patient Hospitalisation

Covered

Room rent, boarding and nursing expenses

upto Rs 4000 per day

Surgeon, Anesthetist, Medical practitioner, Consultants, Specialist Fees

Covered

Emergency Ambulance

Upto Rs 1000 per hospitalisation ; maximum Rs 1500 per policy period

Pre Hospitalisation expenses

Medical expenses upto 30 days prior to hospitalisation are covered

Post Hospitalisation expenses

lumpsum payment equal to 7% of hospitalisation expenses(excluding room rent); Maximum Rs 5000

Delivery (normal or caesarean)

Rs 15000 for normal delivery and Rs 20000 for caesarean delivery ;one delivery only

Rs 20000 for normal delivery and Rs 25000 for caesarean delivery ;one delivery only

Pre and post natal expenses (part of delivery expenses)

Pre Natal: Rs 1500; Post Natal: Rs 2000

Pre Natal: Rs 2000; Post Natal: Rs 4000

Post delivery complications for mother

Covered

Covered

Test for detecting any foetus disorders

Covered upto Rs 1000 after waiting period of 27 months or 15 months in case of 4 year policy term

Covered upto Rs 1000 after waiting period of 27 months or 15 months in case of 4 year policy term

New born baby (including congenital disorders)

Covered ; Rs 30000

Covered ; Rs 50000

New born baby with Down's Syndrome and Cerebral Palsy

Lumpsum payment of Rs 60000

Lumpsum payment of Rs 1 lakh

Non allopathic treatments

25% of sum insured per occurrence; maximum Rs 25000 per policy period

 

Exclusions and Waiting Period

Pre-existing disease

covered after a waitng period of 4 years

No claim period

Any disease contracted during the first 30 days of commencement of the policy

Waiting Period

test for detecting any disorders in foetus will be covered after 27 months (14 months in case of a 4 year policy term).Delivery expenses would be covered after 36 months period or 24 months in case of a four year policy.certain diseases such as cataract, varicose veins etc. will be covered after 2 years.Certain diseases such as hernia, sinusitis etc. will be covered after 1 year.

Pre & Post hospitalisation expenses

Not available for child delivery claims

General Exclusions

Naturopathy treatmentCosmetic, slimming and any beauty treatmentUse of alcohol etc.Involvement in any criminal or unlawful acts

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

Mutual Fund Review: Taurus Tax Shield

    Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund.   Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
Read more

Use Mutual Fund SWPs for getting fixed payments

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   Investors time withdrawals optimally to save on tax The systematic withdrawal plan, or SWP, could be called the lesser known cousin of the much talked about and publicised systematic investment plan (SIP). There's yet another cousin — the Systematic Transfer Plan ( STP ). In SIP, you invest a fixed sum of money at regular intervals (monthly/ quarterly) to buy some units of a mutual fund scheme. In SWP, as the name suggests, you do the opposite: You redeem some mutual fund units from your portfolio to get a fixed sum of money at regular intervals (monthly/quarterly/half year/yearly). In SIP, you get a higher numbers of units when the markets are down, and lesser in a buoyant market. In SWP, going by the product logic, you redeem higher number of units when the markets are do...
Read more

AXIS Long Term Equity Fund - The Best Tax Saver Fund for 2016

  AXIS Long Term Equity Fund - Invest Online   History:   The open ended mutual fund was launched on December 21 in the year 2009. It is benchmarked against BSE 200 and managed by the fund manager JINESH GOPANI. Initially the scheme was called as Axis tax saver fund but later it was renamed as Axis long term equity fund with effect from September 2, 2011. Nature of investment: As far as asset allocation is concerned, 97.52% of the stocks are equity and 0.02% is debt based. The primary focus of the fund is to invest in diversified equity stocks that have higher growth potential. Total asset size of the fund is in the tune of 4,996 CRORE as of June 30, 2015. Performance: The performance of the fund for one year, 3 years and 5 years are 23.6%, 29.9% and 19.1 respectively which are far greater than 6.4%, 14% and 5.6% benchmark figures. It has also preformed fairly well against SBI magnum Tax Gain (G) and HDFC tax saver (G). The growth comparison is enumerated below;                        ...
Read more

Health insurance guide - Part I

Insurance, by definition, is morbid. What if I die suddenly? What if my home caught fire? What if I had to undergo expensive medical treatment? What if something that I thought happened only to others befell me? Insurers, who work with large samples, calculate the probability of such an event and, hence, the possibility of them having to pay out a sum of money to mitigate, to the extent possible, the effects of that disaster. However, the possibility of you undergoing some kind of expensive medical treatment during your lifetime is far more likely than you dying suddenly or your house burning down. Given that costs at private healthcare facilities, where you are most likely to land up, is high, and, doubling every four years 10 months or so, the rest of your money life could easily go out of whack if you had to incur such expenses. Just 12 per cent of India's population is covered with some sort of health insurance. Pared to the bone, for a comparatively small price, health insu...
Read more

IDFC Classic Equity Fund

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   IDFC Classic Equity Fund IDFC Classic Equity is a large-cap equity fund which currently has assets under management worth Rs. 158.52 crore. It was launched in August 2005. The fund is benchmarked against the BSE-200 Index. Performance YTD 1-Year 3-Year 5-Year Since Inception IDFC Classic Equity 0.93 26.61 6.30 1.01 11.65 BSE 200 1.52 17.31 6.00 1.99 12.98 All figures in % as on January 31, 2013; Returns above one-year in CAGR terms ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now