Star Health Insurance Vs Oriental Health Insurance

In this fast-pacing world, you need to take good care of your health. One of the factors you must consider is buying health insurance for yourself. A comprehensive health insurance plan can financially protect you and your family against medical emergencies and other health-related costs. But when you are buying your health insurance plan, you should take a more holistic view and assess all features of the policy before making the final decision. 

Read below the detailed Star Health Insurance plan and Oriental Health Insurance comparison and take your pick:

Star Health Insurance Vs. Oriental Health Insurance – Overview

ParameterDetails
Star Health InsuranceOriental Health Insurance
Number of health insurance plans10+20+
E-servicesPolicy purchasePolicy renewalClaim settlementBranch and hospital locatorOnline doctor consultation 24*7 customer supportPolicy purchasePolicy renewalClaim settlementBranch and hospital locatorCustomer support
Branches640+1800+
Incurred claims ratio66%105%
Claim settlement time90% cashless claims settled within 2 hoursReimbursement within 30 days of the receipt of the documents
Hospital network in India10,000+5000+

*Source: Insurance Regulatory and Development Authority of India (IRDAI) Annual Report 2019-20, official company website and others.

Health Insurance Policy: Star Health Insurance Vs. Oriental Health Insurance

Both Star Health Insurance and Oriental Health Insurance are leading insurance players in their respective sectors. Star Health Insurance is standalone health insurance, whereas Oriental Health Insurance is a public sector health insurance company. 

Star Health Insurance was founded in 2006 and ever since has become a reputed name in the insurance industry, owing to its carefully-crafted variety of health insurance policies. 

Oriental Health Insurance was a pioneer in the industry. Founded in 1947, the company has stood tall over these years and offers an extensive variety of health insurance products along with several other types of insurance policies.

Below is the detailed Star Health Insurance plan and Oriental Health Insurance comparison:

Family Floater Policy

Most of the policies offered by Star Health Insurance and Oriental Health Insurance can be extended to the family. However, the companies also provide separate family-centric policies. 

Star Health Insurance family floater policies provide: 

  • Secure health policy for anyone between 18 and 65 years of age
  • Cover expenses such as:
    • Pre- and post-hospitalization
    • In-patient hospitalization 
    • Domiciliary hospitalization 
    • Daycare procedures 
    • Organ donor transplantation
    • Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) 
    • Maternity and newborn care 
    • Advanced treatments 
    • Ambulance charges including air ambulance
    • Second medical opinion
  • Health insurance coverage for self, spouse and three dependent kids, aged between 3 months to 25 years
  • Accidental and permanent total disablement cover
  • 100% automatic renewal of the sum insured, subject to fulfilment of conditions

Oriental Health Insurance family floater policies offer:

  • Three different plans – Silver, Gold and Diamond with different features and sum insured
  • Cover expenses such as:
    • Pre- and post-hospitalization
    • In-patient hospitalization 
    • 11 critical ailments
    • Ambulance
    • Organ donor
    • Second medical opinion
    • Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) 
    • Maternity and newborn care 
    • Second medical opinion
  • Daily hospital cash allowance and attendant allowance benefit
  • Optional covers including Restoration of Sum Insured, Personal Accident, Life Hardship Survival Benefit
  • Extension of the policy covering SAARC (South Asian Association for Regional Cooperation) countries

Senior Citizen Plans

Star Health Insurance offers a specialised Senior Citizen Red Carpet Health Insurance plan. Key features of the policy include:

  • Entry age between 60 and 75 years
  • Available on an individual or floater basis
  • Includes expenses like:
    • Daycare procedures
    • Pre-and post-hospitalisation
    • In-hospital expenses
    • Health check-ups
    • Outpatient consultations
    • Ambulance
    • Modern treatments
    • ICU charges
  • No need for pre-acceptance medical check-up 
  • Guaranteed lifelong renewals

Oriental Health Insurance has an exclusive senior citizen specified disease insurance called the Health of Privileged Elders (HOPE). Key features include:

  • Designed for people aged 60 years and above
  • Sum assured from 1 lakh to 5 lakhs
  • Covers specified diseases/illnesses/injury such as:
    • Accidental injury
    • Knee replacement
    • Cardiovascular diseases
    • Cancer
    • Chronic renal failure
    • Stroke
    • Orthopaedic diseases
    • Ophthalmic diseases
    • Benign prostrate
    • Hepato-Biliary Disorders
    • Chronic Obstructive Lung Diseases
  • Additionally, covers:
    • Room, boarding and nursing expenses 
    • ICU expenses
    • Telemedicine expenses
    • Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy (AYUSH) medicines if, treatment is taken in any AYUSH Hospital
    • Domiciliary hospital benefit
    • Ambulance charges
  • Premium discounts on specific conditions

Before investing in a health insurance plan, read through the policy terms and conditions carefully. You can consult a professional insurance expert to ensure you get the best available health insurance for your needs.