What does it do?
It pays in the event of death and partial or total permanent disability caused due to an accident. The policy will pay the sum insured as chosen by the policyholder at the time of buying the policy. The policy also provides hospitalisation cover that includes outpatient treatment benefit. In case of death or permanent disablement of earning parent, the insurer extends an Education Grant to the child upto the limit stated in policy document.
Pros
It offers free hospitalisation cover worth Rs 5,000.
Cons
Hospitalisation benefit and education grant are very small amounts which may not be sufficient.
