Objective

This is a family floater policy that will provide cover against hospitalisation expenses.

Suited for

This policy is suitable for those with low budgets. Anyone between 5 months and 65 years can be included in this policy.

What does it do?

This policy is designed to cover hospitalisation expense of a family on floater cover basis. Floater cover allows any of the insured members to use the sum insured until it is depleted. It covers inpatient hospitalisation expenses and pre and post hospitalisation expenses up to the stated limits. Maximum cover allowed for room rent, boarding, lodging and ICU are capped to certain percentage of sum insured. It also pays for emergency ambulance and day care procedures. Day care procedures are those that do not require an overnight admission in hospital due to technological advancements such as chemotherapy, dialysis etc.

Pros

The policy allows lifetime renewal and premiums paid toward the policy qualify for deduction under section 80D of Income Tax Act.

Cons

Room rent and ICU charges are capped. It is not available for purchase online.

Our View

While capping of expenses is a drawback, it also reduces the premium cost. Premium rates for this policy are lower than policies without sub-limits. However, we recommend policies without sub-limits if there are no budget constraints.

Eligibility

Entry Age (years)

Minimum

5 months

Maximum

65

Maximum Policy Renewal Age (years)

Lifetime renewal

Coverage Type

Family floater

Policy Term (years)

1

Sum Insured (Rs)

Maximum

3 lakh

Minimum

2 lakh

Policy Termination

Either of insurance company or policyhlder can terminate the policy by giving a 30 days notice period.

Customer Service

Address

Corporate Office: No.1, New Tank Street,
Valluvar Kottam High Road, Nungambakkam,
Chennai - 60003

Mail to

customercare@uiic.co.in

Call to

1800 425 2255, 044-28288800

SMS

STAR to 56677

Network Hospitals

Http://www.starhealth.in/hospital.php

Scope Of Cover

Cashless Facility

available at network hospitals

Reimbursement facility

available at non-network hospital

Pre hospitalisation

covered upto 30days

Post hospitalisation

7% of the hospitalization expenses (excluding room rent) subject to a maximum of Rs.5000/- per hospitalisation within 60 days of discharge

Inpatient hospitalisation

covered

Room rent, boarding and nursing

1% of the sum insured

ICU charges

1.5% of the sum insured

Surgeon's fees Consultant's fees Anesthetist fees

covered

Cost of blood, oxygen, diagnostic expenses, cost of pace maker

covered

Ambulance expenses

covered

Day care procedures

covered

Exclusions and Waiting Period

Pre-existing diseases

covered after initial 48 months

No claim period

30 days since inception of the policy

Waiting period

2 years for certain diseases namely hernia, catarct, vericose veins, sinusitis, tonsillitus etc.

General exclusions

pregnancy related claims