INSURANCE (HEALTH/LIFE)
Health Insurance
Stay Health Insurance
Star Health and Allied Insurance began its operations in 2006 and is India’s first standalone health insurance provider, offering a wide range of affordable health insurance products for individuals, families, and corporations. Since its establishment, Star Health has immensely grown its operations, with 835 branches across the country. Star Health Insurance plans cover policyholders& medical check-ups, AYUSH systems of medicines, critical illnesses, and hospitalization expenses.
Star Health insurance is a protection plan that protects you against medical emergencies. These plans financially protect you and your loved ones against unforeseen medical emergencies. Diseases and critical illnesses can happen at any time; therefore, purchasing a health plan with Star Health Insurance is crucial for people of all ages. Star Health Insurance provides different types of health plans to cater to the unique needs of its customers.
Benefits of Buying Health Insurance with Star Health Insurance
You can choose Star Health Insurance plans to avail of the following benefits:
- Wide Network of Cashless Hospitals
- In-House Claim Settlement
- Timely Settlement Of Claims
- Wide Range Of Sum Insured Options
- Lifetime Renewability
- Co-payment Waiting Period
- Pre-Existing Diseases
Life Insurance
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
LIC of India
Why do you need Life Insurance?
1. Secure your family’s financial future
Life insurance is all about securing you and your family financially. All parents want their children to be taken care of even when they are not around. Life insurance makes sure your loved ones won’t suffer financially in your absence.
2. Accomplish your financial goals
We all have some goals in life, for which money needs to be saved. Life insurance plans help you achieve those goals by helping you build a financial corpus with the protection of a life cover. Life insurance plans inculcate a habit of disciplined saving. Paying a little amount as an insurance premium each month will help you accumulate funds. What’s even better is that this small monthly amount only keeps growing. So years from now, you’ll have enough wealth accumulated to accomplish your more substantial and long-term financial goals.
3. Brings peace of mind
Having life insurance will give you peace of mind. Life is uncertain, and life insurance can offer financial assistance to your family when you are no longer around. You can also plan your retirement by taking a retirement plan where you will receive a monthly income.
4. Save tax
Generally, you can claim an income tax deduction on your life insurance premiums under Section 80Cof the Income Tax Act, 1961. Pay-outs for death claims are tax-free under Section 10(10D) of the Income Tax Act, 1961.