What does it do?
This policy can be bought for an individual, a family floater or a group. Group policy can avail a discount on premium if bought for more than 500 persons. It provides for hospitalisation expenses with sub-limits on room rent and boarding, pre and post hospitalisation expenses and ambulance charges.
Policyholder can widen the cover by opting for other benefits by paying extra premium. Optional benefits include daily cash benefit, patient care for persons above 65 years and newborn baby cover. This policy also covers non-allopathic treatment.
Pros
It covers non-allopathic treatment as well.
The policy can provide cover up to Rs 10 lakh.
This policy allows a 5 per cent discount if it’s purchased online.
It provides a no-claim discount for every claim-free year.
Group policies avail a discount on premium.
Premium paid towards this policy can be availed as deduction under section 80D of IT Act.
Cons
Room rent and boarding charges are capped.
Family floater policy is available for a sum insured up to Rs 3 lakh only.
