LIC Health Insurance Plans are a must to have an element for everyone. Because an LIC Health Policy will give you freedom from huge medical losses. A medical emergency can knock anyone’s door and impact a person both emotionally and financially. Also these days, medical costs were rising rapidly and the spurt of diseases. So, keeping this in mind the Corporation has introduced an LIC Health Insurance Policy. These also empower you with best medical assistance whether it is a loss of health or physical damage and supports you financially.
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LIC Health Insurance Review
Health Insurance is an insurance to cover the medical expenses incurred by an individual during hospitalization. The LIC Health plan provides financial support to you and your family by paying specific amounts towards hospitalization expenses. It also provides support to you in the case of treatments resulting from accidental bodily injury or sickness. In present days hospitalization costs are increasing rapidly. As our age increases, the health care cost rises, which turns out to be a burden, especially in our retiring years. So it is useful for every individual to take LIC Health Insurance Policy earlier.
Life Insurance Corporation of India offers Health Insurance Plan under the name Jeevan Arogya which covers Individual, his/ her Spouse, Children, Parents, and Parents-in-laws. The corporation introduces LIC Health Insurance Plans with many benefits. It gives timely support in case of medical emergencies. When a family member is ill, it is difficult for the 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 an LIC Health Insurance Plan, there is no need to loose your savings for your medical treatment expenses.
LIC of India Health Insurance plans 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.
LIC Medical Insurance Plans
LIC India Health Insurance Plans 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 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 Plans such as Mode rebate, HCB rebate, and CEIS rebate. You can also check the other types of insurance policies from our site.
LIC Health Insurance Plans
| Jeevan Arogya LIC Plan | ||
| Coverage for | Minimum Entry Age | Maximum Entry Age |
| Self/ Spouse | 18 years | 65 years |
| Parents and/or parents-in-laws | 18 years | 75 years |
| Children | 91 days | 17 years (last birthday) |
LIC Jeevan Arogya Plan
The LIC Jeevan Arogya is a non-linked unique Health insurance plan. It provides financial protection in case of hospitalization, surgery etc. Three generations will be covered under this LIC of India Jeevan Arogya Plan. The health cover of Jeevan Arogya LIC plan will be increasing every year. Half yearly and Yearly are the two premium payment modes available. For more details about LIC Jeevan Arogya Plan and Jeevan Arogya Premium Calculator, click the below link.