- Introduces ‘SUPER STAR’- Industry’s First long term Retail Health Insurance Policy
- Offers long-term policy and unparalleled, highly customisable solutions for evolving healthcare needs
- Provides immediate coverage for pre-existing conditions like Diabetes and Hypertension
- Star Health aims to double its business in TN within the next 4 years
- Demonstrates strong claims performance with over Rs. 3,470 crores disbursed in Tamil Nadu in the last 5 yrs
Chennai, December 10, 2024: Star Health and Allied Insurance Company Limited, India’s first standalone health insurance provider, today unveiled its revolutionary retail health insurance product, ‘SUPER STAR’. This innovative policy introduces the industry’s first long-term option for the retail health segment, combining advanced features and highly customizable coverage to address the growing complexities of modern lifestyles, rising medical expenses, and unforeseen emergencies. Star
| · Largest Retail Health Insurance Company
· Claim amount paid in Tamil Nadu in lasr 5 years: Rs.3470 Crore · No. of Branches in Tamil Nadu: 115 · Hospital Network in Tamil Nadu: 2000+ · No of Agents: 1,00,000+ |
Health has established a strong presence in Tamil Nadu, having disbursed claims worth over Rs. 3,470 crore in the past five years. With 115 branches, an extensive network of over 2,000 hospitals, and a dedicated team of more than 1 lakh agents, the company covers 37 lakh lives across the state. As part of its growth strategy, Star Health plans to recruit 12,000 new agents across Tamil Nadu in FY25 and expand its footprint with 25 new offices in both rural and urban areas. Looking ahead, the company aims to double its business in Tamil Nadu over the next four years. On a national scale, Star Health has successfully settled over 1.1 crore claims, amounting to INR 53,000 crore, further solidifying its leadership in claims settlement and customer trust.
Commenting on the launch, Anand Roy, MD & CEO of Star Health Insurance, said:
“The SUPER STAR policy reflects our commitment to crafting innovative solutions that address the dynamic healthcare needs of our customers. By expanding its reach through our extensive agency network, we are bridging digital convenience with personalized options, ensuring unmatched flexibility and freedom of choice. While the product will be available to all customer demographics, it is the millennials that have been looking for greater personalisation. SUPER STAR addresses this growing need amongst our customers by offering limitless options, affordability, family discounts, and long-term benefits, making it ideal for young families. With features like Quick Shield and the long term tenure, we aim to provide comprehensive and highly customisable coverage for India’s evolving healthcare needs.”
SUPER STAR is now available through Star Health’s agency network, broadening its accessibility across customer demographics and geographies.
Key Features of the SUPER STAR Plan:
- Quick Shield: Enjoy immediate coverage starting as early as the 31st day, even for pre-existing conditions such as Diabetes, Hypertension, Asthma, and specific heart-related diseases
- Freeze Your Age: Lock in your age at the time of enrolment, ensuring stable premiums until a claim is made
- Super Star Bonus: Provides a guaranteed 100% cumulative bonus every year, regardless of claims, with no cap on accumulation
- Unlimited Sum Insured: Offers complete financial security by eliminating caps on the sum insured, ensuring unrestricted access to healthcare when needed
- Limitless Care: An add-on feature that ensures infinite financial protection for a one-time claim during the policy’s lifetime
- Premium Waiver: Waives premiums for the subsequent year if the proposer faces listed critical illnesses or accidental death
- E-International Medical Opinion: Facilitates second medical opinions from an international panel once per policy year, enhancing global access to expert advice
The launch reaffirms Star Health’s leadership in the health insurance industry, driven by its innovative product design, robust underwriting methodology, strong claims settlement track record, and customer centricity. The SUPER STAR plan is poised to redefine health insurance accessibility and affordability across India.