What is Star Health Insurance Recharge Benefits?

A health insurance plan policyholders financial protection in case any unexpected medical emergency arises. To further enhance the benefits of a health insurance plan, many health insurance providers time and again provide different benefits for the ease of policyholders. One such benefit is the Recharge Benefit that is offered by many health insurance companies including Star Health Insurance. So, in today’s blog let’s talk about the recharge benefit of Star Health Insurance.

Recharge Benefit In Star Health Insurance

Star Health and Allied Insurance Co Ltd is one of the leading health insurance companies in India that offers a range of health insurance plans. Headquartered in Tamil Nadu, Star Health Insurance offers different health insurance plans for senior citizens, children, and others. One of the important benefits offered by Star Health Insurance is the Recharge Benefit.

What Is Recharge Benefit In Star Health Insurance?

The ‘recharge benefit’ offered with Star Health Insurance plans helps policyholders in a way that their sum insured gets refilled even if it has been exhausted during the same policy year. This is an added advantage as the sum insured automatically gets refilled without any additional charge. For ex: if your sum insured is Rs 3 lakh and you end up using this during the policy term. Then, in such a case with a ‘recharge benefit’, your sum insured automatically gets refilled so that you can use it in case any other medical emergency arises during the same year. 

The ‘recharge benefit’ is available under different plans offered by Star Health Insurance such as the Star Super Surplus Insurance plan, Star Family Health Optima Insurance plan, etc. However, please note that the ‘recharge benefit’ can only be availed once a year and will be refilled only when the sum insured is completely exhausted. 

Things to Remember to Get Recharge Benefits in Star Health Insurance

Star Health Insurance offers a recharge benefit with certain conditions to its customers:

• Availability: This benefit is granted once in a policy year.
• Activation Criteria: It gets activated only when the entire sum insured has been used up.
• Usage: The recharged sum can only be used for treatments or hospitalisations related to the disease or injury that led to the original claim.
• Limitations: The recharged amount can't be used for modern treatment expenses.
• Cost: The recharge feature comes at no extra cost, meaning your premium remains unchanged.
• Validity: If you don't use the recharged sum in that policy year, it won't roll over to the next. You can't carry forward unused recharged amounts when renewing.

Take Away

So, as a policyholder, you must check about this benefit and add it to your health insurance plan. Make sure that you thoroughly check the terms and conditions of Star Health Insurance before availing of this benefit.

FAQs

Q. What does the "recharge benefit" in health insurance mean?

A. The "recharge benefit" in health insurance is a feature where the insurance company restores the sum insured once it gets fully exhausted during a policy year. This is especially beneficial if you've made a claim and used up your cover, as it ensures that you're still protected for the remainder of the year. However, specific terms and conditions apply to how this recharged amount can be utilised.

Q. Are "modern treatments" always covered under health insurance policies?

A. Not necessarily. Some health insurance policies may not cover expenses for modern treatments, which often refers to advanced and recent medical procedures or technologies. It's crucial to read the policy terms and conditions or speak to your insurer to understand if such treatments are included in your plan.

Q. How does the "waiting period" in a health insurance policy work?

A. A "waiting period" is a specified duration after the policy's inception, during which certain claims are not admissible. For instance, many health policies have a waiting period for pre-existing diseases. This means if you already have a health condition when buying the policy, you may have to wait, say, 2-4 years (depending on the policy) before you can claim treatment costs for that condition.

Q. Can I get health insurance coverage for maternity and newborn care?

A. Yes, many insurers offer maternity and newborn care coverage, but they often come with specific terms. There might be a waiting period before you can claim maternity expenses, and the policy might cap the amount payable for such treatments. It's essential to understand these terms before choosing a policy if maternity coverage is a priority for you.

Q. What's the difference between "individual" and "family floater" health insurance plans?

A. An "individual" health insurance plan provides coverage only for one person, with the sum insured being dedicated to that individual. In contrast, a "family floater" plan covers all members of a family under one umbrella policy. The sum insured in a family floater plan is shared among the covered members and can be used by any member or a combination of members.

Q. If I opt for a higher voluntary deductible, will my premium be reduced?

A. Yes, typically, if you opt for a higher voluntary deductible (the amount you agree to pay out-of-pocket before the insurance kicks in), your premium will be lower. This is because you're shouldering a larger portion of the risk. However, ensure you're financially prepared to bear this cost in case of a claim.

Also Read: 10 Benefits of Health Insurance Riders