What does it do?
This is a family floater policy where any of the insured members can utilize the Sum Insured. It is a basic plan that covers hospitalisation expenses, Room rent and boarding expenses with sub-limits and ambulance services. It also covers Day Care procedures which donot require an overnight stay in the hospital due to advancement of technology. It further provides Daily Cash benefit to take care of fooding and accommodation expenses of insured's relatives and family. It solely depends on insured person how he uses the Daily Cash Amount.
Pros
This policy can be bought online.
Emergency Assistance Services are available on payment of extra premium. This service provides for medical consultation, medical evacuation, care for minor children, cash coordination and other tasks.
Premium paid towards this policy qualifies for tax relief under Section 80D of income tax act.
Cons
Room rent and boarding benefits are capped.
Ambulance charges are covered for a comparatively lower amount.
Policy does not allw lifetime renewals.
