What does it do?
This is a family floater health insurance policy where Sum Assured can be utilized by any of the insured members. In addition to Basic coverage, Wider Plan offers an optional Critical Illness Benefit on payment of extra premium. The claim for critical illness is also available on floater basis and will be settled on reimbursement basis. It covers illnesses such as Carcinoma /Sarcoma /Blood Cancer, Varicose veins/ Varicose Ulcers without any waiting period. It also allows a free health check up after a period of 4 claim free years and the policyholder is also entitled to receive a cumulative bonus on renewal for each claim free year.
Pros
This policy can be bought online.
Emergency Assistance Services is useful in case a situation of urgency arises.
Premium paid towards this policy qualifies for tax relief under Section 80D of income tax act.
Cons
Room rent and boarding benefits are capped.
Policy does not allow lifetime renewals.
