LIC Health Insurance

LIC's Jeevan Arogya

This is a unique non-participating non-linked health insurance plan that offers cover against certain health risks. Additionally, it provides one with timely support in the event of medical emergencies and helps the insured and his or her family remain financially independent during difficult times.

Features of LIC Health Insurance - Jeevan Arogya

• Valuable financial protection for hospitalization, surgery etc.
• Increasing health cover each year
• Flexible benefit limit to choose from
• Flexible premium payment options
• Lump sum benefit, irrespective of actual medical expenses
• No-claim benefit

Benefits of LIC Health Insurance - Jeevan Arogya

Below are some of the benefits of LIC Jeevan Arogya:

• Hospital cash benefit: An amount equal to the applicable daily benefit is payable for hospital stays exceeding a continuous period of 24 hours. In the first year of cover commencement, the applicable daily benefit shall be the initial daily benefit amount chosen by the insured.
• Major surgical benefit: If the insured under this plan undergoes a surgery defined in major surgical benefit annexure due to accidental bodily injury or sickness, the respective benefit percentage of the major surgical benefit shall be paid.
• Day care procedure benefit: If the insured undergoes any specified day care procedure listed in the policy documents, a lump sum amount equal to 5 times the applicable daily benefit is payable, irrespective of the costs actually incurred.
• Other surgical benefit: If the insured undergoes a surgery that is not listed under major surgical benefit or day care procedure benefit, which results in the individual's hospitalization to exceed a continuous period of 24 hours, a daily benefit equal to 2 times the applicable daily benefit is payable for each continuous period of 24 hours or part thereof.
• Ambulance benefit: If a major surgical benefit falling under Category 1 or Category 2 is payable and emergency transportation costs by an ambulance have been incurred, an additional lump sum of Rs. 1,000 will be payable for ambulance expenses.
• Premium waiver benefit: If a major surgical benefit falling under Category 1 or Category 2 is payable, the total annualized premium will be waived.
• No claim benefit: A no-claim benefit, which is equal to 5% of the initial daily benefit, is payable if no claims are made between the date of policy commencement and next automatic renewal date or between two automatic renewal dates.

LIC's Cancer Cover

This is a regular premium health plan that provides financial protection if the insured is diagnosed with any of the specified early and/or major stage cancer during the policy period.

Features of LIC Health Insurance - Cancer Cover

• Covers early and/or major stage cancer
• Two benefit options: Level Sum Insured and Increasing Sum Insured
• Regular premium payments
• Initial waiting period of 180 days

Benefits of LIC Health Insurance - Cancer Cover

The following benefits are payable under LIC Cancer Cover:

• Early Stage Cancer: Benefits are payable on first diagnosis of any one of the listed Early Stage Cancers, provided the same is admissible are -

• Lump sum benefit: 25% of Applicable Sum Insured shall be payable

• Premium Waiver Benefit: Premiums for next three policy years or balance policy period, whichever is lesser, shall be waived from the policy anniversary coinciding or following the date of diagnosis.
• Major Stage Cancer: Benefits are payable on first diagnosis of the listed Major Stage Cancer, provided the same is admissible are-
• Lump Sum: 100% of applicable sum insured less any earlier paid claims of Early Stage Cancer shall be paid.
• Income Benefit: Income Benefit of 1% of applicable sum insured shall be paid on every policy month following the lump sum payment, for a fixed period of next 10 years, irrespective of the survival of the insured and even if this period of 10 years goes beyond the policy term. In case of the insured's demise while receiving the income benefit, the remaining pay-outs (if any) shall be paid to the nominee.
• Premium Waiver Benefit: All future premiums will be waived from the next policy anniversary and the cover shall be free from all liabilities, except to the extent of income benefit as mentioned above.