|Objective||A basic health insurance policy that aims to cover medical expenses, incurred as an inpatient due to illness or accident. Individuals upto 45 years of age can buy this policy online through company's website.|
|Suited for||It is suitable for anyone looking for a basic medical cover.|
|What does it do?||The policy pays a benefit in case the insured person gets hospitalised. It also covers domiciliary treatment availed at home on advice of medical practitioner, organ donor's hospitalisation expenses and day care procedures which can be treated without hospitalisation. The policy will provide for a health check-up after four continuous claim-free years.|
|Pros||This policy can be bought online from company's website.
Premium paid towards this policy is eligible for Income Tax benefit under Section 80D.
|Cons||This policy does not offer lifelong renewal.
There are sub-limits on room rent, boarding and ICU charges.
|Our View||While buying a health insurance policy, it is necessary to look at exclusions and waiting periods. Certain diseases or illnesses mentioned in the policy document will be covered after stated waiting periods. Sub-limits imposed on certain expenses is another drawback. Though the policy features good coverage, you must look out for other plans which do not carry any sub-limits and offer lifelong renewal as well.|