Star Health unveils insurance cover targeted at millennials

Chennai, Mar 13 (): Private health insurer Star Healthand Allied Insurance on Friday said it has unveiled a newpolicy to incentivise health-conscious millennials. The Young Star Insurance policy covers 18-40 year olds fortheir specific healthcare requirements. It offers benefitssuch as incentive-led wellness programmes and lowest waitingperiods among others, a press release said. The Young Star policy is available on an individual basisand also as a family floater plan and the sum insured rangesfrom Rs three lakh to Rs one crore. The policy offers an additional basic sum insured of 25per cent (or upto Rs one lakh) on any road accidentsrequiring in-patient hospitalisation. "Through our consumer engagements, we understood thatmillennials are reticent to purchase health insurance tomitigate their healthcare expenses, as they find features inthe current offerings do not pertain to their needs," thecompany managing director Anand Roy said. "We have designed the Young Star policy to includebenefits such as lifelong premium renewal discounts,instalment premium options, wellness programmes to manage andget incentivised on good health," he said. In FY 2019, Star Health has procured a gross writtenpremium of Rs 5,412 crore. It has over 11,000 employees and500 branches across India. VIJNVG NVG