Which one of them is good for me - ICICI Home SafePlus and HomeAssure/HealthAssure?

[Amit Kaushik]

I am taking home loan from ICICI Bank. They have suggested two innovative insurance plans to insure Home Loan home - 1. HomeSafePlus and 2. HomeAssure/HealthAssure. Please guide me which one of them is good for me.

[JindalGaurav]

Key Benefits of HomeSafePlus

No medical checkup
Comprehensive insurance plan for individual, home and its contents
Single premium long-term insurance plan
Premium paid for the Critical Illness cover is eligible for tax benefits u/s 80D of the Income Tax Act
Sum Insured remains constant throughout the policy period (loan O/S amount to come to bank, rest goes to individual)
Multiple applicants can be covered under the same loan
Simple application form

Key Benefits of HomeAssure/HealthAssure

Life Cover from HomeAssure for the entire home loan tenure
Critical Illness cover from life threatening illnesses like cancer, coronary artery bypass, heart attack, kidney failure, stroke, major organ transplant
Special non-medical limits only for ICICI Bank Home Loans customers
Dual benefit to customers, Life Cover from HomeAssure and Critical Illness Cover from HealthAssure
Dual tax benefits, Section 80C benefits under HomeAssure, Section 80D benefits under HealthAssure
Simplified claim procedure


Got from website - http://icicibank.com/Personal-Banking/loans/home-loan/insure.html

[VarunD]

HomeAssure/HealthAssure seams to be a Life Cover.