What does it do?
Apart from hospitalisation benefit, it covers maternity expenses and also offers an optional critical illness cover that requires additional premium. In case of hospitalisation of insured child, it pays a daily cash amount to cover the expenses of accompanying adult member. It also covers organ donor's hospitalisation expenses and ambulance charges for carrying an insured person.
Pros
There is no cover ceasing age. It offers a life long insurance.
It offers a flat discount of 7.5% on advance payment of 2 years premium.
This policy can be purchased online.
It provides for ayurvedic and homeopathic treatment as well.
Premium paid under this policy qualifies for deduction under section 80D of income tax act.
Cons
In case, cumulative bonus has been passed and a claim arises during that year, cumulative bonus would be reduced by 20 per cent in the following year.
Maternity expenses will be covered after stated waiting periods.
