What does it do?
One can opt for either the 3-lakh or 5-lakh policy. It covers hospitalisation bills, pre and post hospitalisation expenses, maternity expenses and newborn baby. It pays a lump sum amount if the baby is born with Down's syndrome or Cerebral Palsy. It also provides for emergency ambulance and non-allopathic treatment except Naturopathy. The expenses are capped up to stated in the plan.
Pros
Waiting period for maternity cover reduces to two years if one opts for a 4-year policy term.
Non-allopathic treatments are covered.
Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act.
Cons
Policy offers a maximum cover of Rs 5 lakh, which may not be sufficient for a family of three.
This policy cannot be renewed beyond 45 years of age.
