What does it do?
Out of the three variants of Easy Health Policy, 'Easy Health Standard' is the first and most basic variant. It covers inpatient hospitalisation, day care procedures i.e, the treatment that does not require an overnight stay in hospital, home hospitalisation, hospitalisation expenses of organ donor and ambulance expenses. In addition, it allows a health check up after four continuous claim-free years. There are no sub-limits in case of inpatient treatment. Cover for Ayurveda, Unani, Sidha and Homeopathy is an added advantage.
Pros
There is no cover ceasing age. It offers a life long insurance.
It provides a discount of 7.5 per cent on advance payment of 2-year premium.
It can cover up to four children while most of the policies cover only up to three children.
This policy can be purchased online.
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.
