What does it do?
It covers outpatient treatment along with hospitalisation expenses. Outpatient treatment includes dental treatment, prenatal and postnatal care expenses. Pre-existing diseases that are denied inpatient cover for initial four years, are covered for outpatient treatment from day one.
The policy charges same premium from individuals or family floater policies irrespective of the family size. Instead of changing premiums, the policy modifies the cover under each policy. There is a cap on maximum outpatient benefit that can be availed by a policyholder and other insured members (in case of floater policy) during a policy year. It also covers pre and post hospitalisation expenses and ambulance charges.
Pros
This policy can be bought online. Premium paid towards the policy qualifies for deduction under section 80D of Income Tax Act.
Cons
It extends the cover only up to 60 years of age.
Constant premium leaves no choice of selecting a higher or lower OPD cover.
