LIC Jeevan Arogya

Jeevan Arogya is the most apt Health Insurance Plan from the No.1 Life Insurance Company of the country – L.I.C. of India. It is the “Need of the Hour” in the era where the soaring cost of hospitalisation can cause major shake up in the
financial stability of any family.
It is a unique Cash Benefit policy where you are paid the amount on the basis of number of days you are hospitalised irrespective of the actual cost incurred. The main USP of this plan is that it can be taken over and above any medical reimbursement type of policy.
Take a look at the incredible benefits this plan has to offer to you and sheild your family against unforeseen medical contingencies NOW.

• Complete family including Spouse, Children, Parents and Parents-in-laws can be covered under one policy
• Policy covers upto highest age – upto 80 years

Four types of benefits are covered

•   Hospital Cash Benefit (HCB)- This is the benefit payable on a daily basis as per the number of days hospitalised. In case of hospitalisation less than 7 days, first 24 hours are not payable. You can choose between Rs.1000 to Rs.4000 daily benefit. Further this benefit increases by 5% every year till it reaches 150% of initial HCB, thus taking care of inflating costs.
•  Major Surgical Benefit (MSB)- In the event of surgery this benefit is payable. MSB is 100 times of HCB. One Annual Premium will be Waived*.
• Day Care Procedure Benefit (DCPB)- Paid for specified Day-care procedures undergone. This is 5 times of the applicable HCB. You can avail this benefit upto 3 times in a year.
• Other Surgical Benefit (OSB) - This benefit is payable for surgeries not listed under MSB or DCPB. Like HCB this is also payable on daily basis (excluding first 24 hrs) and the amount is equal to 2 times of the applicable HCB.

Riders Available

• Term Rider - Life Insurance cover can be availed upto 100 times of HCB subject to a minimum of Rs.1,00,000. This cover can be upto age 60 and is available to the Principal Insured and his / her spouse only.
• Accident Benefit Rider - Additional cover against accident upto age 60 if Term Rider has been opted.

No Claim Benefit: - In case of no claim the HCB will increase after every 3 years.

Premium Rate Guaranteed for 3 years :- Your healthcare premium being charged today is guaranteed for 3 years. The Corporation may review the rates based on its experience after every 3 years.

No risk of market - This is a Non-ULIP, Non-participating policy. Hence all the benefits enumerated are guaranteed and not subject to volatile market conditions.

Tax Benefit – Premium paid is eligible for benefits under Section 80(D).

LIC Health Protection Plus T-902

Health Protection Plus (Plan 902): Health Protection Plus is a UNIT LINKED HEALTH INSURANCE PLAN launched by L.I.C. of India. This policy guards against the trauma that you may face due to increased financial burden during hospitalization.

Health Protection Plus (Plan 902): In detail.

The worst nightmare that anyone can have is the one when a family member is hospitalized. Today, when everything is uncertain nobody can be sure what will happen. A seemingly small ailment can turn into major one. And what happens when the earning member of your family is hospitalized?  The family goes through the trauma of a loved one being hospitalized as well as an increased financial burden. There are hospitalization expenses, doctors fees and various tests to be carried out.. Meanwhile the patient loses out on his earning for being away from work, and a dismayed and worried family begins to feel the anxiety of the financial implications. But with a policy from LIC you and your family can rest assured!

LIC’s Health Protection Plus is unit linked Health Insurance plan which provides for insurance cover against following health risks:

• Hospital Cash Benefit (HCB)
• Major Surgical Benefit (MSB)

 Provision for reimbursement of domiciliary treatment expenses

 Eligible for a person (the Principle Insured (PI)) aged between 18 and 55 covering himself / herself. The spouse and/or dependent children may also be covered under the policy

 Premiums can be paid regularly either in yearly or half yearly or monthly (through ECS only) installments

 Provision to increase premiums in multiples of Rs. 500/-. Under the plan if a request is received from the PI in writing

 Benefits payable on Hospitalization:

If PI or any of the Insured lives covered under the policy is hospitalized due to Accidental Body Injury or Sickness, an amount equal to the daily Hospital Cash Benefit, available under the policy during that policy year, shall be payable subject to terms and conditions.

The amount of Daily Benefit will increase at each policy anniversary by 5% of the Initial Daily Benefit till it reaches a maximum of 1.5 times the Initial Daily Benefit

Major Surgical Benefit:

In the event of PI or any of the Insured lives covered under the policy, due to medical necessity, undergoing any of the surgeries defined, the respective benefit percentage of the Major Surgical benefit Sum Assured, as specified against each of the eligible surgeries mentioned, shall be payable subject to terms. This benefit will remain fixed and there shall not be any increases in subsequent years.

 Domiciliary Treatment Benefit :

If at least 3 years’ premiums have been paid, an amount shall be payable out of Policy Fund equal to the actual amount spent to meet any domiciliary treatment expenses or any other medical expenses over and above those paid through hospital cash/ surgical benefits incurred in respect of PI or any of the other Insured lives at any time, subject to all the following conditions being satisfied for each payment:

• claimed amount is atleast Rs. 2,500 ;
• maximum amount that can be paid shall be 50% of the Policy Fund at the date of payment;
• minimum balance of one annualized premium left in the Policy Fund after making the payment.

Premium amount paid upto Rs. 15000/- p.a .is eligible for tax exemption under SEC 80 D of the Income Tax Act.

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