Health is the major concern for everybody’s mind because it affects not only our wealth but also peace of mind, time and out of pocket expenses more over it also affect the professional life of the caring person or persons. Now a day everybody prefers to invest in cash less mediclaim policy because the medical expenses is not in the reach of a common persons because these days the medical professionals are doing their work in full of professionally. In other words presently the medical expenses is touching the sky. In this condition if a family member will come under treatment or hospitalisation. It is a traumatic time for the rest of the family. Being a caring person, nobody wants to put any adverse affect to their plans for him or his family. But actually it may very great chances to affect their future plannings which he planned. The medical treatment charges may cover under the cashless mediclaim policy but the out of pocket expenses are not covered under any of the mediclaim policy and it knocks the peace of mind. So why any medical emergencies knock anybody's peace of mind.
In this concern LIC has launched Jeevan Arogya, a unique non-linked Health Insurance plan which provides health insurance cover against certain specified health risks and provides with timely support in case of any medical emergencies and also helps to the caring person and his family remain financially independent in difficult times and it plan helps individuals to cope up with the rising medical costs. In this plan the policy holder cover himself, spouse, children, parents as well as mother-in-law and father-in-law. It is a comprehensive health insurance policy for the entire family.
It's name is LIC Jeevan Arogya Plan.
Let's go for the key features of the plan
* One health insurance policy that covers self, spouse, children, parents and parents-in-law
* Covers hospitalisation and surgery
* Provides benefit payout irrespective of actual medical cost incurred
* Can be availed along with existing mediclaim policy for the same hospitalisation / surgery
* Cover can be extended to new members of the family in case of marriage and childbirth
* Quick Cash Facility is available on hospitalisation instead of waiting to make a claim for the benefit after discharge
* Under Quick Cash, 50% advance payment is given by LIC (under 57 surgeries performed in network hospitals)
* Payout made on the basis of photocopy of bills
* No Claim Benefit is 5% of initial Hospitalisation Cash Benefit (HCB)
It is important to know what is covered in plan?
* Hospitalisation Cash Benefit (HCB)
* Major Surgical Benefit (MCB) is 100 times the HCB / Accidental Death Benefit (ADB)
* Day Care Procedure Benefit paid as lump sum
* Other Surgical Benefits (where all other surgeries are covered) is 2 times HCB / ADB
* Ambulance charges up to Rs 1000 per insured per year, for major surgeries under category 1 or 2
* Premium Waiver Benefit-Auto increase @ 5% in both HCB and MCB up to 50% even if there is any claim.
Hospitalisation Cash Benefit in detail:
- Choose from Rs 1000 to Rs 4000 per day
- Up to Rs 4000 per day for maximum 720 days
- Up to Rs 8000 per day for maximum 360 days in ICU
-
Daycare procedures (which do not require 24 hr hospitalisation) in detail:
- 5 times Hospitalisation Cash Benefit (HCB) / Accidental Death Benefit (ADB)
- 140 surgeries
- 3 daycare procedures covered in a year, and 24 procedures covered in a lifetime
Waiting period for availing benefits in plan
- Accidental claims - 0 days
- HCB and MSB - 90 days from policy start date
Additional Benefits
* Term Rider and Accidental Benefit rider available as an option
* Increasing health cover every year as a No Claim Benefit
Eligibility and other restrictions
Minimum. 1000/day excl ICU
Maximum. 4000/day excl ICU
Daily Hospitalisation Benefit (in Rs.) 100000
Major Surgical Benefit (in Rs.) 400000
Entry Age of Self/Spouse (in years)
Minimum 18
Maximum 65
Entry Age of Children (in years)
Minimum 91 days
Maximum 17
Entry Age of Parents (in years)
Minimum 18 years
Maximum 75
Age at Maturity (in years). 80
Payment modes
Yearly, Half-yearly, Quarterly or Monthly (ECS mode only)
Tax Benefits
This plan offers tax benefits for the premiums as a deduction from the taxable income under section 80D of the Income Tax Act.
What is not covered in the plan?
* Pre-existing conditions (unless disclosed and accepted by LIC)
* Routine check-ups and Non-allopathic treatments
* Epidemic diseases or conditions (classified by Central or State Government)
* Cosmetic or beauty treatments, circumcision, dental treatments
* Plastic surgery (unless necessary for treatment of illness or due to an accident and performed within 6 months of the event occurrence)
* Any treatment arising from insured person’s failure to act on proper medical advice
* Self-inflicted injuries or attempted suicide
* Abuse of drugs, alcohol or intoxicants
* Conditions existing at birth (congenital conditions)
* Rest cure, general weakness, nervous breakdown or related conditions, infertility or sterilisation
* Sexually transmitted diseases like HIV / AIDS
* Pregnancy or child-birth related conditions
* Any act of war, invasion of foreign enemy, naval or military operations etc
* Radioactive contamination
Criminal or illegal acts
* Natural catastrophe like earthquake, floods etc
* Participation in dangerous sports like racing, scuba diving, bungee jumping
Quick look on the benefits of the plan
Premium waiver benefit
Ambulance expenses
Quick cash Advance Payment
No claim bonus
Auto increase in HCB& MSB to take care
increase in premium
Risk Cover:
Risk cover up to 4 lacs per insured Subject to overall limit of
10 lacs (All our Health Policies put together)
Guaranteed renewal after every three yrs
In this concern LIC has launched Jeevan Arogya, a unique non-linked Health Insurance plan which provides health insurance cover against certain specified health risks and provides with timely support in case of any medical emergencies and also helps to the caring person and his family remain financially independent in difficult times and it plan helps individuals to cope up with the rising medical costs. In this plan the policy holder cover himself, spouse, children, parents as well as mother-in-law and father-in-law. It is a comprehensive health insurance policy for the entire family.
It's name is LIC Jeevan Arogya Plan.
Let's go for the key features of the plan
* One health insurance policy that covers self, spouse, children, parents and parents-in-law
* Covers hospitalisation and surgery
* Provides benefit payout irrespective of actual medical cost incurred
* Can be availed along with existing mediclaim policy for the same hospitalisation / surgery
* Cover can be extended to new members of the family in case of marriage and childbirth
* Quick Cash Facility is available on hospitalisation instead of waiting to make a claim for the benefit after discharge
* Under Quick Cash, 50% advance payment is given by LIC (under 57 surgeries performed in network hospitals)
* Payout made on the basis of photocopy of bills
* No Claim Benefit is 5% of initial Hospitalisation Cash Benefit (HCB)
It is important to know what is covered in plan?
* Hospitalisation Cash Benefit (HCB)
* Major Surgical Benefit (MCB) is 100 times the HCB / Accidental Death Benefit (ADB)
* Day Care Procedure Benefit paid as lump sum
* Other Surgical Benefits (where all other surgeries are covered) is 2 times HCB / ADB
* Ambulance charges up to Rs 1000 per insured per year, for major surgeries under category 1 or 2
* Premium Waiver Benefit-Auto increase @ 5% in both HCB and MCB up to 50% even if there is any claim.
Hospitalisation Cash Benefit in detail:
- Choose from Rs 1000 to Rs 4000 per day
- Up to Rs 4000 per day for maximum 720 days
- Up to Rs 8000 per day for maximum 360 days in ICU
-
Daycare procedures (which do not require 24 hr hospitalisation) in detail:
- 5 times Hospitalisation Cash Benefit (HCB) / Accidental Death Benefit (ADB)
- 140 surgeries
- 3 daycare procedures covered in a year, and 24 procedures covered in a lifetime
Waiting period for availing benefits in plan
- Accidental claims - 0 days
- HCB and MSB - 90 days from policy start date
Additional Benefits
* Term Rider and Accidental Benefit rider available as an option
* Increasing health cover every year as a No Claim Benefit
Eligibility and other restrictions
Minimum. 1000/day excl ICU
Maximum. 4000/day excl ICU
Daily Hospitalisation Benefit (in Rs.) 100000
Major Surgical Benefit (in Rs.) 400000
Entry Age of Self/Spouse (in years)
Minimum 18
Maximum 65
Entry Age of Children (in years)
Minimum 91 days
Maximum 17
Entry Age of Parents (in years)
Minimum 18 years
Maximum 75
Age at Maturity (in years). 80
Payment modes
Yearly, Half-yearly, Quarterly or Monthly (ECS mode only)
Tax Benefits
This plan offers tax benefits for the premiums as a deduction from the taxable income under section 80D of the Income Tax Act.
What is not covered in the plan?
* Pre-existing conditions (unless disclosed and accepted by LIC)
* Routine check-ups and Non-allopathic treatments
* Epidemic diseases or conditions (classified by Central or State Government)
* Cosmetic or beauty treatments, circumcision, dental treatments
* Plastic surgery (unless necessary for treatment of illness or due to an accident and performed within 6 months of the event occurrence)
* Any treatment arising from insured person’s failure to act on proper medical advice
* Self-inflicted injuries or attempted suicide
* Abuse of drugs, alcohol or intoxicants
* Conditions existing at birth (congenital conditions)
* Rest cure, general weakness, nervous breakdown or related conditions, infertility or sterilisation
* Sexually transmitted diseases like HIV / AIDS
* Pregnancy or child-birth related conditions
* Any act of war, invasion of foreign enemy, naval or military operations etc
* Radioactive contamination
Criminal or illegal acts
* Natural catastrophe like earthquake, floods etc
* Participation in dangerous sports like racing, scuba diving, bungee jumping
Quick look on the benefits of the plan
Premium waiver benefit
Ambulance expenses
Quick cash Advance Payment
No claim bonus
Auto increase in HCB& MSB to take care
increase in premium
Risk Cover:
Risk cover up to 4 lacs per insured Subject to overall limit of
10 lacs (All our Health Policies put together)
Guaranteed renewal after every three yrs
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