Star Health Personal Accident Policy Ambiguity

POSTED BY Anupam Agarwal ON September 19, 2012 11:51 pm ONE COMMENT

I was checking star health accident care plan.I tried to check my premium on its website calculator
http://www.starhealth.in/premium_calculator.php?categoryId=accident&productId=1
I found some thing strange.First of all in its monthly Income query, i filled my actual monthly income & found that max Sum assured they are providing to me is 5 lacs and my premium is coming 702/- then since Manish had in his article on Accidental policies mentioned premiums for 10 and 20 lacs i filled my monthly income as 2 lacs.They still are providing max 5 lacs insurance.then to find lower range of insurance provided by them i entered my monthly income as 7000/- strange now my premium is shown as 253/- for sum assured of 5 lacs.Can anyone please explain what could be the logic behind difference in premium based on income level for same sum assured?

One reply on this article “Star Health Personal Accident Policy Ambiguity”

  1. Dear Anupam, only Star people can answer for this specific issue. I personally checked at the link shared by you & it seems, there are 2 different prem. bands. First band for mly income upto 20K & then 2nd band 21K onwards mly income.

    Yes the max. possible sum assured is limited to just 5L Rs. in this plan, so in case you are looking for a high value plan, this policy is not for you. Please check Bajaj’s Personal Guard.

    Thanks

    Ashal

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