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There’s nothing more important than our good health - that’s our principal asset.” - Arien Specter
With good health on your side, you can chase your dreams, and the world becomes your oyster. However, you can never be sure of what the future holds for you. While you cannot guarantee a lifetime of good health, you can certainly protect your interests and those of your family members.
Quality medical care and peace of mind are the two things that can bounce you back to good health. With LIC health insurance, you can get both and that too, without breaking your bank.
The best advantage of LIC health insurance is that it protects your family during the uncertain times of medical emergencies. With a safe and secure LIC health insurance plan in your favour, you can focus on providing the best quality medical care without worrying about your financial status.
Let’s take a look at LIC health insurance plans that you can consider to secure your future.
If you are looking for a safe and assured health insurance plan, this is your best bet. LIC’s Jeevan Arogya is a non-linked plan which means it is not related to the market or any other underlying asset. You pay a fixed premium throughout the lifetime of your policy.
LIC Jeevan Arogya offers multiple benefits that are detailed below.
Below are some other features of this LIC health insurance Jeevan Arogya plan.
The limitations of this LIC health insurance Jeevan Arogya policy are that there are no maturity benefits or loans available as part of this plan. Moreover, there is no surrender value offered as part of this policy.
This is an LIC health insurance Cancer Cover policy that is dedicated to protecting the insured from cancer. This LIC health insurance Cancer Cover offers protection against the expenses arising out of cancer. The result could be of an early stage or an advanced stage during the term of the policy. Let’s take a look at this policy in detail.
When you purchase the policy, you get the flexibility to choose from one of the two types of sum assured.
Level Sum Insured: In the first option, the basic sum assured remains constant throughout the life of the policy.
Increasing Sum Insured: In the second option, the payable amount increases by 10% of the basic sum assured every year for the first five years. The increment starts at the end of the first year of this LIC health insurance Cancer Cover policy. It continues until the completion of five years or the diagnosis of cancer.
Here are the benefits that you get if you choose to buy this LIC health insurance Cancer Cover policy:
Early-stage cancer - The person insured can avail 25% of the applicable sum-insured at the first diagnosis of cancer that is in the initial stages. Moreover, the premium gets waived for the next three policy years. Here is a list of cancers that this LIC health insurance Cancer Cover policy covers:
In addition, the policy also clearly states the conditions that the policy does not cover. For instance, infections in the presence of HIV, or historical tumours that were described as benign or malignant in the past.
The LIC health insurance Cancer Cover plan offers you the early-stage cancer benefit only once in the lifetime of your policy. Moreover, you may only avail this benefit in the first-ever such incident. The claimant cannot avail the benefits for the same or any other type of cancer in the future. However, the benefits of advanced-stage cancer diagnosis will continue until the end of the policy term.
Apart from the benefits mentioned above, this LIC health insurance Cancer Cover policy also waives off all the future premiums. The policy covers a list of advanced-stage cancer including leukaemia, gastrointestinal stromal tumours, cancers in the presence of HIV, etc.
This LIC health insurance Cancer Cover policy will protect you from only one such incident. Once you have availed the benefits of major-stage cancer, you cannot claim for any more early-stage or advanced-stage cancer benefit.
A person should be minimum 20 years and maximum of 65 years to be eligible for this LIC health insurance plan Cancer Cover. The policy comes with a waiting period of 180 days. It means that the policy will not cover any type or stage of cancer during this period. Also, it should be pointed out that the LIC health insurance policy Cancer Cover does not protect if the person dies within seven days from the date of diagnosis of cancer.
LIC health insurance plans are comprehensive and offer flexibility to customers. The most significant advantage is that you can sleep well at night, knowing that your family will be safe during such times of distress.
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