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Unbelievable group insurance scheme – Views required

Dear All,

I don’t know if you have read in the papers, but there is a insurance scheme currently being offered to members of a particular scheme at very affordable premium. Wanted you opinion on it. Following are salient features of the scheme:

1. 500,000 Rs. Health Insurance & Personal Accident Cover of Rs. 10,00,000 For 2 (Husband + Wife ) + 2 ( Father + Mother upto 80 years) + 2 ( Children upto 25 years ) Just for Rs. 7200/- only.. Per Year

2. All pre Existing Life Threatening Diseases Covered from day 1.

3. No Medical check up required.

4. Ambulance Charges @ Rs. 2,000/‐ per incident

5. Internal congenital Diseases covered

6. Cashless treatment facility in 5200+ hospitals across India

7. New Born Baby Covered from Day 1 subject to timely enrollment

8. Maternity Benefit Covered for Normal Delivery @ Rs. 30,000/‐ & C‐Sec Delivery @ Rs. 35000/‐ WITH 9 month waiting period

9. Room Rent restriction to Rs. 2500/‐ or below per day for Normal & Rs. 4000/‐

or below for ICU / ICCU

What is your opinion on this???

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