Royal Sundaram Family Good Health Plan

Objective

This policy aims to cover entire family under a single policy.

Suited for

It is available as an individual cover as well as a family floater where sum insured can be utilized by any member of the insured family. Individual plan can cover up to four adults of a family with different sum assured for each. As a family floater policy, it can cover up to two adults and three children under same policy.

What does it do?

Apart from hospitalisation expenses, it covers other day care procedures which do not require hospitalisation. The daily cash benefit can be availed to pay for travel, accommodation and food. If hospitalisation exceeds 21 days of continuous stay, the insurer will also pay a lump sum up to Rs 10,000 to assist in recovery.

Pros

Premiums paid towards this policy enjoy a tax benefit under Section 80D.

Cons

Room rent and daily ICU charges are capped.

Our View

The policy is available at reasonable premium rates, which may be due to sub-limits on room rent. Given the lower premiums, you may go for the policy if you are comfortable with sub-limits.