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.

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[JindalGaurav]

Key Benefits of HomeSafePlus

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

Key Benefits of HomeAssure/HealthAssure

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

Got from website - http://icicibank.com/Personal-Bankin...an/insure.html

[VarunD]

HomeAssure/HealthAssure seams to be a Life Cover.