Star Health Insurance vs Universal Sompo Health Insurance
‘Health is wealth’ – and hence, it is crucial to protect your health at all times. It needs no reiteration that a health insurance plan is the best way to keep yourself and your loved ones protected. A good health plan provides access to quality medical care, fits your financial capacity and is free of ambiguous loopholes or last minute surprises.
Comparing health insurance plans is the first step towards finding the one that suits all your needs. Here’s a comparative study on two renowned health insurance providers.
Star Health Insurance and Universal Sompo Health Insurance – Overview
| Parameter | Star Health Insurance | Universal Sompo Health Insurance |
| Number of health insurance plans | 21 | 20+ |
| E-services | Policy salePolicy renewalClaim settlement Online consultation 24×7 Customer support | Policy salePolicy renewalClaim settlementOnline consultation24x7 customer service |
| Branches | 640+ | 86 |
| Claim settlement ratio | 78.52% | 90% |
| Claim settlement time | 2 hours for cashless claims settlement | 72 hours for cashless claim settlement |
| Hospital network | 9,900+ | 4,000+ |
*Source: Insurance Regulatory and Development Authority of India (IRDAI) Annual Report 2018-19
Health Insurance Plans: Star Health Insurance and Universal Sompo Health Insurance
Star Health Insurance offers 21 health insurance plans covering critical illnesses, COVID-19, accidents, etc. Along with coverage for individual, family, and senior-citizen needs, they have specialized health plans for cancer, heart, and diabetic patients, children diagnosed with autism and rural families.
Universal Sompo Health Insurance has over 20 plans to take care of individual, family, senior-citizen, group (employer-employee) needs. Their health plans provide coverage against accidents, critical illnesses, COVID-19, etc.
Listed below is a 3-plan comparison of Star Health Insurance and Universal Sompo Health Insurance.
Arogya Sanjeevani Health Insurance:
Arogya Sanjeevani Health Plans are standard insurance policies providing basic coverage at affordable premium rates. They are plain vanilla health policies. Designed for the Indian public, this policy aims to make the advantage of health insurance available and accessible to every section of society.
Star Health Insurance’s Arogya Sanjeevani Policy offers:
- Sum insured options ranging between Rs.1 lakh – Rs.10 lakhs
- Reimbursement for pre and post hospitalization expenses
- Coverage for AYUSH treatment, modern treatments (up to 50% of sum insured), and day-care procedures (up to 50% of sum insured)
- Waiver of pre-policy medical test for individuals aged below 50 years
- 20% discount for rural policyholders
Universal Sompo Health Insurance’s Arogya Sanjeevani Policy offers:
- Sum insured options ranging between Rs.1 lakh – Rs.5 lakhs
- Reimbursement for pre and post hospitalization expenses
- Inclusion of daycare, AYUSH, and contemporary treatment procedures
- Coverage for plastic surgery/dental treatment
- Waiver of pre-policy medical test for individuals aged below 55 years
Senior Citizen Health Insurance:
Star Health Insurance’s Senior Citizens Red Carpet Policy covers individuals aged between 60 and 75 years of age. It offers:
- Sum insured amount up to Rs.25 lakhs
- Payment for day-care procedures and modern treatment
- Coverage for pre-existing diseases (from the second year of the policy)
- Waiver of pre-policy medical test
Universal Sompo Senior Citizen’s Health Insurance Policy covers individuals aged between 60-70 years. It offers:
- Sum insured amount between Rs.1 lakh and Rs.5 lakhs
- 50% of the sum insured for domiciliary hospitalization
- Coverage for day-care procedures, ambulance services (up to Rs.1,500)
- Optional cover for 6 critical illnesses
Family Health Insurance:
Star Health Insurance offers several family floater health plans – like Family Health Optima, Star Health Gain, Star Family Delite and Star Comprehensive, among others. Some of the key benefits are as under:
- Coverage for pre, post, and in-patient hospitalization as well as maternity and newborn expenses
- Inclusion of AYUSH treatment, modern treatments, and organ donor transplant
- Reimbursement for domiciliary hospitalization and ambulance services
- Wellness programs for disease management
Universal Sompo offers Complete Health Care and Super Health Care – two comprehensive insurance policies covering family healthcare needs. Many of their other health plans are also offered on a family floater basis. Key offerings include:
- A sum assured amount up to Rs.1 crore
- Coverage for pre and post hospitalization expenses
- Waiver of pre-policy medical test for individuals aged up to 65 years
- Reimbursement of home treatment expenses
- Inclusion of dental treatments caused by accidents
After you evaluate your healthcare needs, buy a policy that serves your purpose. For further help, reach out to professional insurance experts before you decide to buy health insurance.
