What does it do?
Besides hospitalisation expenses, it covers pre and post hospitalisation expenses and ambulance charges to carry patient to and from hospital. Some illnesses do not require an overnight stay in hospital. 141 such treatments known as day care procedures also fall under its ambit. Other supplementary benefits such as health check-up, eye examination and daily cash allowance to meet incidental expenses in case of hospitalisation are also available for an additional premium.
Pros
There are no sub-limits under hospitalisation benefit.
It pays a no-claim bonus on an annual basis.
It offers a protection as high as Rs 10 lakh.
Policy premium qualifies for taxation benefit under section 80D of Income Tax Act.
Cons
In event of claim, cumulative bonus will be reduced by 10 per cent during subsequent year.
