Beshak Initiative
COVID RESOURCES 2021 Daily updated Articles & questions

INSURANCE USERS' COMMUNITY FORUM

Curated, unbiased answers to your insurance questions. Powered by experts. Powered by you (+ 3K members)

OR
+ Ask a Q
Star Super Surplus Policy
Posted By Maze Runner MEMBER 08 Apr, 2021

Hi,


I have star super surplus policy for amount 25L (deduction limit: 5L). Also i have star policy of 10L with another accumulated bonus of 2.5L and recharge benefit of 1.5L. As on today I have exhausted 9.8L and will exhaust another 3L for my mothers cancer treatment.


Now i had to admit my father because of an emergency. I have applied for cashless on my surplus policy since i have crossed the deductible limit of 5L on my base policy. My claim has been rejected by star saying the below reason.


"We note that you have made a request for Rs.159070 for the treatment of the above disease. The pre authorization amount sought is lesser than the deductible amount of Rs.500000 opted by the insured patient, as per the policy issued to him/her."


Please help if this is genuine rejection. My understanding is that once the 5L is completed on my base policy i can use my surplus policy.

Premium loading or waiting?
Posted By Prakhar MEMBER 03 Apr, 2021

Hi experts,


I had a not so good health insurance for my parents(aged 69 & 62) which was initially a group policy later converted to retail insurance product which I continued for 6 or 7 years. Then, I learnt about portability, and I ported to another policy which is better than previous.


While porting, the premium was loaded, I tried to negotiate so they offered a waiting period instead with same premium. I took the waiting period option (also paid a 2-year premium). Later, I got to know that loading of the premium was one-off. Now, on hindsight, I realized, I made a mistake. Now, I have few questions.


  • Which is better option? Premium loading or waiting period?
  • Will the waiting period be considered from start of original policy or the new ported policy?
  • Is there any way to fix the problem in the middle of the policy? Also, taking in to consideration my parent's age and 2 year premium paid already. The policies are in force already.


Thanks & Regards

Discover the best tips for insurance every week!
beshak logo

Beshak is your source for clear, research-backed information & analysis of insurance plans. Our sole focus is to help you make well-informed decisions on insurance. We don't sell or advertise insurance plans or companies.

facebook icontwitter iconlinkedin icon

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business. © Copyright 2021 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂