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Star Health Launches Young Star Insurance Policy

CHENNAI: Star Health and Allied Insurance has launched Young Star Insurance policy people aged between 18 and 40 years for their specific healthcare requirements.

The Young Star Insurance policy provides customers with benefits ranging from incentive-led wellness programmes, lowest waiting periods and automatic restoration of sum insured.

The Young Star health insurance policy provides customers (aged 36 years or less) with a lifetime discount of 10% on the premium applicable if they renew their policy consistently. The policy also offers an additional basic sum insured of 25% (or up to Rs 1 lakh) on any road traffic accidents requiring in-patient hospitalization. The policy is available on an individual basis and as a family floater plan, and the sum insured options range from Rs 3 lakh to Rs 1 crore.

Anand Roy, managing director, Star Health and Allied Insurance, said, “Through our consumer engagements, we understood that millennials are reticent to purchase health insurance to mitigate their healthcare expenses, as they find that features in the current offerings do not pertain to their needs. Hence, we have designed the Young Star policy to include benefits such as lifelong premium renewal discounts, instalment premium options, wellness programs to manage and get incentivised on good health, low waiting periods and others. The policy also covers mental illness and any OPD or hospitalisation expenses for the Coronavirus outbreak.-Times Of India 

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