It is no secret that both Care Health Insurance and Star Health Insurance are reputed names in the industry when it comes to offering health insurance to customers. People can get the much-needed financial support they need from health insurance in case of emergencies. Uncertainties and health risks are a part of life. It is impossible to think in advance about illness, but it is possible to prepare financially. Purchasing health insurance is one way to prepare financially for unforeseen health risks.
There are countless reasons to have health insurance, and if you have a family to support, you can purchase Care or Star health insurance to cover their medical expenses. However, the cost of health insurance varies for different people and depends on many different factors before one can enrol in any insurance.
Let’s discuss both health Insurance from Care and Star Health Insurance in detail!
Understanding Care Health Insurance
Care Health Insurance provides complete health coverage to individuals, senior citizens, and families. The health insurance by Care offers COVID-19, critical illnesses, daycare procedures, Inpatient Care, and many more. Pre- and post-hospitalization costs are covered by Care’s health insurance. It will assist clients in meeting costs associated with consultations, diagnostics, and other expenses, in addition to ensuring that they receive the most financial assistance possible during the primary treatment portion of their hospital stay. With dedicated claim and customer support, Care Health Insurance has settled 38 Lakhs+ insurance claims.
Care Health Insurance also offers a 24-hour helpline for customers to address any concerns, questions about claims, or other insurance-related questions to provide prompt and efficient customer service.
What is Star Health Insurance?
With more than 850 locations nationwide, Star Health has significantly expanded its operations since it was founded. Star Health Insurance pays for customers’’ doctor visits, AYUSH medical treatments, serious illnesses, and hospitalisation costs. The Health Insurance by Star is intended to protect the insured from a variety of medical emergencies. Star Health Insurance is designed in a very comprehensive way, offering benefits such as free health checkups, pre- and post-hospitalization coverage, Ambulance coverage, Ayush coverage, COVID-19 benefits, daycare procedures, Maternity cover, and more. You can access cashless treatment through a nationwide network of more than 14,000 hospitals, eliminating the need to submit an insurance claim and wait for your bills to be paid.
What are Care Health Insurance's Standout Benefits and Features?
Consider investing your savings in various investment opportunities and being suddenly forced to withdraw all of them due to a medical emergency in your family. When you no longer need to sell your investment to pay for medical care, Care’s health insurance protects you from that situation.
The following are the major features and benefits of considering the Care Health Insurance.
- Additional Benefit of Free Health Check-ups
Customers are eligible for a free pre-health examination. This benefit is provided to you by Care Health Insurance as part of its various health insurance products.
- Individuals and Families
Care Health Insurance covers individuals as well as their family members. The age requirements for purchasing health insurance are 18 years old and 65 years old, respectively. Medical coverages like pre-post hospitalisation, e-opinion cover, daycare procedures, and domestic air ambulance are all covered financially by Care Health Insurance.
- Additional Protection Over Employer Coverage
Care Health Insurance enables you to upgrade your basic health insurance and take advantage of the advantages of additional protection if you have coverage through your employer, but some particular diseases or ailments are not covered.
- Cashless Benefit
One of the biggest obstacles to covering emergency medical costs is financial stress. You can receive cashless medical care at more than 9,747+ network hospitals nationwide if you have Care health insurance.
- 24×7 Customer Support
A well-organized customer service team at Care Health Insurance provides prompt assistance to clients around the clock.
- Claims Assistance
The Care Health Insurance claims team is prepared to assist customers with any claim-related assistance promptly and effectively.
- Tax Benefits
Section 80D of the Income Tax Act of 1961 allows for tax savings on Care Health insurance premiums.
- Coverage against Medical Expenses
When it comes to submitting a claim, Care health insurance appears to be the best choice. Health Insurance by Care provides coverage against medical costs, including pre and post-hospitalization, in-patient treatment, day-care treatment, ambulance fees, and domiciliary treatment, or medical costs incurred in the case of treatment received at home but which would have otherwise required hospitalisation.
What Are The Key Features and Benefits of Star Health Insurance?
The main purpose of Star’s health insurance is to provide you with financial protection in the event of a medical emergency brought on by ailments, mishaps, or hospitalisation. The long-term advantages make getting health insurance a certain objective in your yearly financial assistance. Let’s take a look at the salient benefits and features of choosing Star Health Insurance.
- Diagnostic Centers
Customers of Health Insurance by Star can conveniently access 1,635 diagnostic centres throughout India with the home pickup of lab samples and doorstep health examinations.
- E-Pharmacy
Another major feature and benefit of Star Health Insurance is that customers can order medicines online at a discounted price. In 2780 cities, home delivery and store pick-up are both options.
- Day Care Treatment
There is no denying the fact that technological advancements have reduced the time of surgeries and treatments that once cost a lot of time. Hence, Star Health Insurance covers Day Care treatments and procedures.
- Hospitalisation Expenses
Star Health Insurance pays for hospitalisation costs associated with illness, injury, or accidents, including room rentals, ICU fees, surgery costs, doctor consultation fees, etc.
- Tax Deduction for Paying the Premium
By purchasing Star health insurance for you or your family, you can deduct up to Rs. 25,000 from your taxes. You can get a bigger tax break of up to Rs. 1 lakh if you are also paying the premium for your parents.
- No Third-Party Administration (TPA)
Only when a claim is resolved within the allotted time does it do justice? A lot of insurance companies use TPA services and receive incentives for processing claims. Star Health Insurance relies on its internal claim team, not the TPA, to help process claims more quickly and settle them in the shortest amount of time during the most pressing hour.
- Pre-Medical Screening
The pre-medical test is a requirement for customers over the age of 45 or 55. However, before issuing Star Health Insurance, most senior citizens need medical exams.
Understand the Differences Between Care Health and Star Health Insurance
From the features and benefits listed above, it won’t be wrong to say that both Care Health Insurance and Star Health Insurance have their own set of advantages. If you are still in a dilemma about what health insurance to pick up, let’s discuss the sheer comparison between these two behemoths in the Health Insurance sector.
| Parameters | Care Health Insurance | Star Health Insurance |
| Lives covered since inception | 3 Crores+ | 17 Crores |
| Claims settled since inception | 38 Lakhs + Claims Settled | 75 Lakhs |
| Network Hospitals | 9, 747+ Hospitals across the country | It has 14, 000+ network hospitals across India. |
| Coverage Types | Individual and Family Floater | Star Health Insurance Covers Individual and Family Floater. |
| Awards & Recognition | “Best Health Insurance Company of the Year” at the India Insurance Summit & Awards 2023. “Smart Insurer of the Year” in 2022. “Sales Champion of the Year” in 2022. “Best Health Insurance Product” in 2021. “Best Health Insurance Agents” in 2021. “Best Health Insurance Award Product Award in 2019”. | Digital Innovation of the Year (Health Insurance) The Best of Bharat Awards 2022 Most Innovative New Product of the Year Best BFSI Brands 2019 Best Health Insurance Provider of the Year Health Insurance Provider of the Year. Money Today Financial Awards 2017-18 Health Insurance Company of the Year 2017 – Finteleket Insurance Awards 2017 |
| Mobile App | “Care Health – Customer App” | “Star Health App” |
| Tax Benefits | Covered | Covered |
| Incurred Claim Ratio | 65.07% (FY 21-22) as per the IRDAI Report. | The claim settlement ratio of Star Health Insurance is 87.06% (2021-22) as per the IRDAI report. |
| Pre and Post-Hospitalisation | Covered | Covered |
| No. of Health Plans | With Care Health Insurance, you will get 12 health insurance products. | There are 23 health products under the Star Health Insurance. |
| Sum Insured (INR) | Rs. 6 Crores | 2 Crores |
| Critical Illness | Covered | Covered |
Care Health Insurance or Star Health Insurance: Which is the Best Health Insurance?
Depending on your requirements and preferences, you can choose between Star Health Insurance and Care Health Insurance. The “better” option can change depending on factors like coverage, price, customer service, and your requirements. Both companies offer a variety of insurance products.
If you are looking for health insurance with the greatest network of hospitals across the country, along with many health insurance products, then you can consider Star Health Insurance. Not only does Star Health Insurance offer a claim settlement ratio, but it has settled 75 lakh claims since its inception. On the other hand, if you want to buy health insurance with a greater sum insured, then you can consider Care Health Insurance.
It’s important to compare quotes, carefully read health insurance documents, and take into account your particular requirements to determine which is better for you. Additionally, you might want to speak with an insurance broker or advisor who can offer tailored advice based on your circumstances. The “better” decision ultimately comes down to your individual requirements, priorities, and circumstances.
