Health Insurance Review
Health Insurance is an insurance to cover the medical expenses incurred by an individual during hospitalization. Lic Health plan provides financial support to you and your family by paying specific amounts towards hospitalization expenses and treatments resulting from accidental bodily injury or sickness. In present days hospitalization costs are increasing rapidly. So it is useful for every individual to take Lic Health Insurance Policy.
Life Insurance Corporation of India offers Health Insurance Plan which covers Individual, his/her Spouse, Children, Parents and Parents-in-laws. Lic introduced Health Insurance with many benefits. It gives timely support in case of medical emergencies. When a family member is ill, it is difficult for whole family to survive. You may get financial problems during that time. So keeping that in mind, Lic of India has introduced a Health Plan to give financial support to your family during difficult times. If you have a Lic Health Insurance, there is no need to loose your savings for your medical treatment expenses.
Lic of India Health Insurance offers no claim benefit, Increasing Health cover every year, Lump sum amount regardless of actual medical costs, Financial protection in case of hospitalization, surgery etc. The Benefits under Lic Health Insurance Plan are Hospital Cash Benefit (HCB), Major Surgical Benefit (MSB), Day Care Procedure Benefit (DCPB), Other Surgical Benefit (OSB) and No claim benefit.
Life Insurance Corporation of India Health Insurance provides two riders namely, Term Assurance Rider and Accident Benefit Rider. Both Term Assurance Rider and Accident Benefit Rider are applicable only for Principal Insured (PI) and/or Insured Spouse. Death benefits will be not be payable on the death of any insured unless Accident benefit rider or Term assurance rider benefit has been opted for. Three types of rebates are available under Lic Health Insurance they are, Mode rebate, HCB rebate and CEIS rebate.
Lic Health Insurance Plans