What does it do?
It pays sum insured on confirmed diagnosis of any of the sopecified 20 critical illnesses covered under this policy. It covers cancer, coronary artery bypass surgery, first heart attack (myocardial infarction), end stage renal failure, major organ transplant, multiple sclerosis, stroke, paralysis, total blindness, etc. It also covers Permanent Total Disablement (PTD).
Pros
Premiums paid under this plan qualify for deduction under Section 80D of Income Tax Act.
Provides cover for child educatin.
No survival period required.
Cons
One of the plan options (Assure 2) does not provide cover for child education.
