Why Buyers Are Queuing Up to Buy Star Health Insurance?
When Star Health Insurance first came in 2006, that was the time when medical insurance in the country was gaining popularity than ever before, and due to that rapid increase, more and more companies were being launched by the biggest industry names. But at the same time, Star Health & Allied Insurance became a standalone health insurance company taking over the market with amazing policy allotments.
Overview of Star Health Insurance
As mentioned above, Star Health Insurance & Allied Co Ltd. is the first stand-alone health insurance company in India, established in the year 2006 with a wide range of best health insurance plans in India for individuals, families as well as Senior citizens. The company has set the standard by providing quality health care facilities at affordable rates for all sectors of policyholders. With more than 300 branches in India, Star Health Insurance has plenty of options to get health care coverage when needed.
Apart from everything, Star Health Insurance have created plans for cancer, diabetes and autistic children plans as well. Whenever there is a medical emergency in the family, the stress can get doubled due to the unstoppable cost of hospitalization, medicine, treatments and so on. At such times, Star Health policies have proven to be a great help especially for settling the claims and hospital bills. In its initial stages, the company teamed up with billionaire investor Rakesh Jhunjhunwala along with PremjiInvest, Bain Capital, Warburg Pincus and more.
In the first years of its operation, Star Health insurance collected net earned a premium of approx 4.8 crores which now has jumped to 2739.6 crores in the last years' calculation. Industry experts and contemporary companies may have a lot of factors to debate on, but here are the major reasons why buyers prefer Start Health Insurance the most:
Multiple Plan for each sector and background of policy seekers
India's leading insurance company Star Health & Allied Insurance Co Ltd. not only offers affordable insurance for people of all ages but aims to offer various options to choose from. Here are the plans offered by the company:
Awards and Recognitions
The company Star Health & Allied has been able to achieve a tremendous appreciation and is widely recognised for its products and services. It won
What Buyers Are Getting?
When it comes to marking the financial growth, Star Health and Allied Insurance has been enjoying a rapid growth every year, which has made it possible for the buyers to get easy and fast claim settlements and additional benefits on the policy every year. According to the company records, Star health insurance distributed a sum of INR 6,510,591,000 towards claim settlement, and most of the customers have given "the friendliest company" feedback in the past 4 years.
Highlights of Individual & Family Insurance
The company has been providing tailor-made health coverage benefit, which may differ from illness and health conditions offering financial protection in times of emergency. The key features that have been attracting the buyers include:
Apart from all the financial as well as friendly reason,Star health insurance plans offer coverage to a particular set of the public. And to make every person financial protected from critical illnesses such as cancer, kidney failure etc. one can purchase a policy that satisfies most of their requirements. With such amazing features and benefits, no wonder why people are opting for health insurance from Star Health & Allied Co Ltd.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes.