·
Star Health marks 20 years of its foundation with health insurance plan
offering nearly 20% lower premiums in Non metro and Tier 2, 3 and 4 markets
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Introduces ‘Value Plus’ with sum insured options upto ₹25 lakh for
individual and family floater covers
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Leverages "Insurance for All" philosophy with customized
policies for young Indians in underserved markets
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First-year base premium returned if no in-patient claim is made for 5 consecutive
years
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Curated offering includes network of over 11,000 hospitals across India
Bhopal: Star Health and Allied Insurance Company Limited (NSE: STARHEALTH; BSE:
543412), India’s leading standalone health insurer, today announced the launch
of an affordable offering, designed to bring increased health protection to
young Indians in Tier 2-3-4 cities. Titled, ‘Value Plus’, it offers high
sum-insured covers from ₹7.5 lakhs to ₹25 lakhs at nearly 20% lower premiums,
through a curated hospital network.
In a
market where rising healthcare costs outpace coverage for millions in smaller
cities, Star Health is bringing affordability through Value Plus. The
company aims to serve individuals and families by offering cover for adults
aged 18 years and above, and dependent children from 91 days to 25 years with a
balance of higher protection and premium efficiency.
The
product is designed to provide access through a curated network of quality
hospitals across several non-metro cities, for planned and emergency care. This
will be supported by a defined room rent framework aligned to hospitalisation
needs. This structure delivers premium efficiency without compromising on
essential health protection, helping reduce premium by nearly 20% while
continuing to offer key benefits across hospitalisation, recovery, claim-free
continuity and wellness support.
In Bhopal, Star Health has its
presence across 78 total network hospitals, out of which 68 are curated Value
Network hospitals for Value Plus.
In Madhya Pradesh, Star Health has
a strong distribution network of around 40 branches with over 33,400 agents.
Additionally, the company has covered 7.44 lakh lives in the state and settled 63,922
claims worth ₹327.7 crore in FY26.
Commenting on the launch, Anand
Roy, MD & CEO, Star Health Insurance, said:
“Over the last 20 years, Star Health Insurance has worked to make
health insurance more trusted, accessible and affordable for millions of
Indians. With Value Plus in Bhopal, we are building on that legacy by
bringing quality health insurance within reach of more individuals and families
across Tier 2, 3 and 4 India. Bhopal is an important market for us, and
by combining higher sum insured options, curated hospital access and
wellness-led benefits at nearly 20% lower premiums, Value Plus brings
affordability-by-design to a wider set of customers. This launch is a
continuation of our mission to democratise health protection and a practical
step towards advancing the national vision of Insurance for All.”
Adding further, Arpan Rai, Business Head – Madhya
Pradesh, Star Health Insurance, said: “Value
Plus reflects our focus on making health insurance more relevant, affordable
and accessible for today’s customers. By bringing together higher sum insured
options, essential healthcare benefits, wellness support and premium
efficiency, the product is designed to help families plan better for rising
medical needs. With our extensive distribution network and curated hospital
access within the state, we aim to enable more households to choose meaningful
health protection with greater confidence.”
Available
in 1, 2, and 3-year terms, its key features include:
·
Sum insured options: Customers can choose cover from ₹7.5 lakh to ₹25 lakh
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Premium Return: Full first-year base premium refunded after 5 consecutive claim-free
years
·
Cumulative
Bonus: 50% sum insured addition per claim-free
year with maximum accumulation up to 100%
·
Long-term
policy benefit
o Customers choosing long-term policies can use the Sum Insured Multiplier to
combine and use the annual Sum Insured across the policy term
o Avail long-term
discounts of 10% on the second-year premium and 12.3% on the third-year premium
·
Health Booster: 100% base sum insured added every block of 7 claim-free years
·
Hospitalisation
and recovery support: In-patient hospitalization, day care,
AYUSH, home care, organ donor, pre/post-hospitalization, ambulance, nursing,
and durable equipment.
·
Wellness-led benefits: Unlimited tele-consultations, up to 20% renewal discounts, dental
check-ups, second opinions, and digital value-adds.
· Customisation options: Deductibles, Co-pays, In-clinic consults, Stay Fit (Gym access), Mamta (Women’s wellness), and Param Seva (Senior citizen wellness).
With
Value Plus, Star Health is strengthening its proposition of offering health
insurance that balances higher protection with affordability. By combining
higher cover, claim-free value benefits, wellness support and a curated Value
Network, the option is designed to help families access meaningful health
protection in a more premium-efficient way.