What does it do?
This policy covers both inpatient and outpatient treatments. The cover for outpatient treatment however, is restricted up to a fixed sum that varies with age and basic sum insured. Procedures which do not require a 24-hour stay in hospital due to technological advancements are also covered.
Apart from these benefits, the policy provides a cover for Swine flu or H1N1 influenza only if it did not exist at time of taking the policy. It can be bought either as an individual policy or as a floater policy for two adults. In case of floater policy, the floater benefit ends at 55 years of age, after which the policy may be continued as an individual cover.
Pros
It provides cover against Swine flu/ H1N1 influenza.
This policy can be bought online.
Premium paid towards this policy can be availed as deduction under section 80D of IT Act.
It provides no-claim bonus for each claim-free year
Cons
Floater policy benefits can be availed until 55 years of age beyond which the policy continues as an individual cover.
It provides cover of only upto Rs 3 lakh which may not be sufficient for two adults at higher age.
This policy does not cover beyond 70 years of age
