Star Health Rolls Out Insurance Cover For Cardiac Patients
Online, April 17, 2013 (Newswire.com) - Star Health Insurance is the first stand alone Health Insurance Company in India with a capital base of Rs. 549 crore committed to setting high standards for customer service. Commencing operations in 2006, under the leadership of Mr. V. Jagannathan, Chairman cum Managing Director, Star Health Insurance continues to be the number one private sector health insurance company in India. At present the company provides cashless hospitalization across 5400 network hospitals serving nearly 16 lakh policy holders.
Star Health Insurance Company has come out with yet another innovative product 'Star Health Cardiac care' in a grand function held on 5th April 2013. Padma Bhushan Dr. V. Shanta Chairperson Adyar Cancer Institute launched the product in the presence of eminent cardiologists.
It will be interesting to note that this product is first of its kind which no other insurance company in India offers. The special feature of this product is to insure persons who have undergone CABG / PTCA procedure between 6 months - 3 years prior to inception of policy. This cover for heart ailments also includes protection for regular in patient hospitalisation for other illnesses as well.
There are two plans available under this scheme viz., Silver & Gold. Both plans have no sub limits for expenditure. Under Gold plan, medical management is also available for meeting expenditure in case of complications related to heart disease with appropriate drugs in Intensive Care Unit / High Dependency Unit/Ward.
Star Advantages
Star Health offers direct in-house claims settlement which ensures faster & hassle-free settlement. Networked with more than 5400 hospitals across India, free expert medical consultation is offered over phone 24 X 7.
Premium completed during the financial year
The company had been focussing on premium growth in retail segment during FY 2011-12 and completed Rs. 502 crore. In the FY 2012-13 the premium growth in retail has increased to Rs. 770 at a growth rate of 53%. The company has 720 offices across the country and 5000 Employees. To Star's credit IRDA has mentioned in their handbook for the year 2011 -12 that the company has insured maximum number of individuals and households amongst private insurers.