Your option for disease-specific health insurance covers have hit the market with Star Health Insurance offering a new cardiac care policy and Max Life Insurance launching a cancer insurance cover.
Star Health’s cardiac care policy would cover those who have already undergone treatment for the same disease. It also includes additional cardiac procedures such as Atrial Septal Defect, Ventricular Septal Defect, Patent Ductus Arterious, that has been corrected, Radio Frequency Ablation, according to a company release.
The new benefits include cover for out-patient expenses subject to limit of Rs 500 per event and maximum of Rs 1500 per policy period. These expenses are reimbursable only when incurred at Star network hospitals / diagnostic centers. The policyholder will also get personal accident cover equal to the health sum insured for accidental death.
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There are two versions under this cover – Gold Plan and Silver Plan, and the coverage varies depending upon the versions. All cardiac ailments can be availed post 90 days from the commencement date of the first policy.
Under Max Life Cancer Insurance Plan, besides providing financial assistance across all stages of cancer, the cover also provides guaranteed income benefit of up to 50 per cent of sum assured.
Policy features include financial protection at all stages of cancer, indexation of sum insured under which sum insured increases by 10 per cent for every claim free year.
The policy provides benefit of waiver of all future premiums till the end of policy term in case the insured is diagnosed with carcinoma in-situ (CiS) or early stage cancer.
The policyholder is also provided income support on diagnosis of major stage cancer whereby 10 per cent of basic sum insured shall be payable as income for a period of 5 years from next policy anniversary.
The minimum age for the policy is 25 years and maximum 65 with tenure ranging from 10-40 years. The minimum and maximum cover are Rs 10 lakhs and Rs 50 lakhs, respectively.