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About Star Novel Corona Virus Insurance Policy:

Key features and exclusions of Star Novel Corona Virus Insurance Plan


  • Entry Age: 18 – 65 years
  • Dependent Children: 3 months – 25 years
  • Policy Term: 1 year
  • Renewal: As per availability and continuity from IRDA
  • Sum Insured Basis: Individual sum insured
  • Sum insured options: Rs.21k to Rs.42k
  • Premium applicable: Premiums of Rs.299/- + GST & Rs.598/- + GST
  • Tax Benefit: Payment will be made on the basis of a positive diagnosis and subsequent hospitalization.
  • Pre- acceptance medical test: Not Required
  • Waiting period: 16 days from the date of commencement of the policy
  • Co-payment: No co-pay as this is a  benefit policy
  • Free Look period: 15 days from the date of renewal of the policy
  • Reinstatement: Policy ceases upon payment of lump sum payment.


  • The claim is not payable if there is no in-patient hospitalization irrespective of whether quarantined or not
  • Expenses incurred on any illness other than Novel Coronavirus
  • Any claim with respect to Star Novel Coronavirus ncov contracted or manifested or the onset of the disease is prior to the commencement date of the policy or during the waiting period.

Key Features of Star Health Insurance Company

Star Health insurance offers comprehensive health insurance plans which make the best choice for you and your family. Some of the exclusive features offered by Star health insurance company are

Star Wellness Program:

This program intends to promote, incentivize and reward the insured person’s healthy lifestyle through various wellness activities. The wellness activities are designed to help the insured person to earn wellness reward points which will be tracked and monitored by the insurance company registered office. These wellness points can be utilized by the insured to claim discounts on the renewal premium. The following table shows the discount on premium available under the wellness program:

Wellness points earned Discount on premium
200 -350 2%
351-600 5%
601-750 7%
751-1000 10%

Star Health In-House Claim Settlement:

Star Health & Allied insurance company has no Third-party administrators to settle the claim. All the reimbursement and cashless claims are settled through the in-house claim settlement team of Star insurance company. This is an advantage to the customer as the in-house claim settlement would be available round the clock.

The customer’s reimbursement claim would also be settled within a few days as there would be no involvement of a third party in the claim settlement process. The in-house claim settlement process was proved to reduce the claim settlement time and has also improved customer satisfaction.

Faster & Hassle-free claim settlement:

The main purpose of taking a health insurance policy is to avail cashless/ reimbursement facility at the time of hospitalization and to reduce the chance of going bankrupt due to the hospitalization expenses which may involve in disposing of the assets such as Gold or other properties.

If the claim settlement is not faster and hassle-free the insured customer would suffer a lot and the use of insurance policy would be limited. Star Health Insurance Company provides faster claim settlement service to their customers, in case of cashless claim settlement 90% of the claims are settled within 2 hours, and in case of reimbursement claim settlement would be done within 7 days from the receipt of all the required documents.

All the claims settled by Star Health Insurance Company are hassle-free as the claim settlement process is made simpler and faster. The duly filled claim settlement form should be filled by the insured customer and submitted to the insurance company along with the discharge summary and other bills for the claim procedurere within the time limit mentioned in the policy document.

Cashless facility:

Star Health Insurance Company has tied up with more than 10, 000 hospitals and diagnostic centers to provide cashless claim settlement service to its customers. The cashless claim settlement facility can be availed by the customers in any of the network hospitals or tie-up hospitals pan India.

Most customers prefer to avail of cashless service at the time of hospitalization due to the comfort it offers to the customers. Almost 90% of the cashless claims are approved and settled within 2 hours of notifying the insurance company. All the major hospitals in India are tied up with Star Health and Allied insurance company.

Automatic Restoration of Sum Insured:

Automatic restoration of the sum insured is the restoration of the sum insured upon complete exhaustion during the policy period. The sum insured would be restored up to 3 times during the policy period without any extra premium to be paid. The sum insured restored under the policy can be used only for the new illness or a new family member for the same illness. It is to be noted that the restoration happens only after the complete exhaustion of the sum insured available in the policy.

Super Restoration of Sum Insured:

If the limit of coverage under this policy is exhausted during the policy period, an additional basic sum insured of 100% would be provided once, for the remaining policy period for subsequent hospitalization. Under the Super Restoration plan, the sum insured would be restored up to 100% of the basic sum insured and the same can be utilized for the same ailment in subsequent hospitalization.

The difference between the Automatic restoration of the sum insured and Super restoration of the sum insured is that the reinstated sum insured can be used for the same illness in the latter while the former doesn’t have this option. Super restoration of the sum insured is like an additional sum insured given to the insured for treatment of existing or new illnesses.

The unutilized additional basic sum insured cannot be carried forward at the end of the policy period during the renewal. The super restoration of the sum insured is not available for modern treatments. The super restoration of the sum insured is done only once during the policy period.

Installment options:

Star Health Insurance Company provides customers with installment options for the health insurance premiums. The health insurance premium can be paid in installments for long-term health insurance policy periods. Installment options help the customers to pay the health insurance premium more than once during the policy period. This way customers can save money by opting for higher coverage and paying later.

No pre-acceptance medical screening:

Most of the health insurance plans in Star Health Insurance Company do not require pre-acceptance medical screening for the policy issuance. The pre-acceptance medical screening would be required only in few cases such as Higher sum insured selection, adverse health conditions declared in the proposal form, etc. The pre-acceptance medical screening would be done at the company network diagnostic centers where the cost of screening would be borne by the Star health insurance company.

Best in India?

Covid-19 or Corona virus has created a lot of impact on the health and livelihood of many people in India. The first wave of Corona has left a devastating effect on Indian economy and has claimed many lives due to the unavailability of medicine.

Many people started getting affected with the corona virus and there was confusion among the general public whether the corona treatment costs would be covered under their health insurance policy or not. IRDA has ordered that every health insurance policy should cover the hospitalization costs incurred due to Corona virus ncov covid-19 insurance and settle the claim as per the terms and conditions.

This has led to the creation of a separate health insurance covering Corona virus with the sum insured and all the other coverage being constant across the insurance companies. IRDA has asked the insurance companies to launch the Corona health insurance which is standardized across the insurers. Corona Kavach and Corona Rakshak health insurance policies are launched by the insurance companies to cater the corona claim from insurance company.

Now in the month of April-May 2021 we are facing the second wave of deadly Corona virus which is claiming a lot of lives and the testing positive rate has been increasing across the states which means that more number of people are contracting corona virus when compared to the first wave. This is due to the severity of the second wave, where many people are getting hospitalized and treated for the corona virus.

During the first wave of corona virus when there was a lockdown nationwide, the health insurance sales in particular to online sales have seen a steep rise due to the fear of corona virus death and hospitalization. Now during the second wave it is equally important for everyone to renew their corona insurance policies or take a new corona insurance policy if you have not yet taken.

Corona health insurance policies are sold by almost all the general insurance companies in India with the same terms and conditions as set by the Insurance Regulatory and Development Authority of India. These corona policies with different validities and the pricing are based on the time period chosen. Government of India has made it mandatory for every company to have a group health insurance policy which covers corona claims for their employees.

This has led to the introduction of Mandatory Health Insurance policy by the insurance companies which cover only the employees of an organization. The basic difference between the MHI and the Group Medical Insurance is that the MHI doesn’t cover senior citizens and the family members while the GMC covers the family members as well as dependents in a single policy.

Factors to consider before purchasing Corona Insurance policy

Corona health insurance policies such as Kavach and Rakshak are designed by the IRDA to be sold by the insurance companies to the general public keeping in mind the ongoing Corona situation in the country. These policies have standard wordings among all the insurance companies but the premiums are decided by the insurance companies keeping in mind different factors such as loss ratio, expenses etc.

The actuarial team of each insurance company designs the pilot product with the terms and conditions specified by the IRDA and finalises on the premium rates. The premium rates might differ from one company to the other and so the quality of service.

  • Insurance Company:

    Corona Kavach insurance policy should be sold mandatorily by all the insurance companies while the Corona Rakshak is optional to the insurance companies. It is important to check the insurance company before purchasing the corona health insurance policy as the service levels differ from one insurance company to the other. Most of the insurance companies are already facing huge loss ratios in the health segment due to the high number of corona related claims which are being settled by the insurance companies.

  • Premium Amount:

    The premium amount for Corona health insurance policies would be decided by the actuarial team of the respective insurance company based on different factors such as future loss ratio, service levels and other expenses. The cheapest insurance company cannot always be the best claim settlement company.

  • Policy period:

    Corona Rakshak and Kavach insurance policies are available in three policy periods; 3.5 months, 6.5 months, 9.5 months. The policy period should be decided by the insured customer. The policy can be renewed by the customer by selecting the policy period at the time of renewal.

  • Network Hospitals:

    Network hospitals are the hospitals which offer cashless treatment to the customers of a particular insurance company. The network hospitals are also cashless hospitals where the insurance companies enter into an agreement to settle the claims of their customers cashless.

  • Claim Settlement Ratio:

    Claim settlement ratio is the number of claims settled by an insurance company to the total number of claims received during a period of time. The average claim settlement ratio should be more than 95% which means that there are greater chances of your claim getting settled. The claim settlement ratio alone cannot be taken into consideration before deciding on the insurance company. Claim settlement amount should also be considered by the customers.

  • Intermediary:

    Intermediaries play an important role in the distribution and service of insurance policies. The impression of an insurance company can be created or destroyed mostly by the intermediaries as these are the ones who offer the services to the customers on behalf of the insurance companies.

For best Corona health insurance policies please visit Health Insurance or talk to our agent to choose the best corona insurance policy.

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