BEST HEALTH INSURANCE PLAN- LIC JEEVAN AROGYA

When it comes to offering a complete insurance suite of the most comprehensive financial security in terms of health and life, you are in safe hands with India’s most domineering and trusted insurance brand, The Life Insurance Corporation of India.

Over the years since inception, the LIC has surpassed several landmarks and set phenomenal performance records in various domains of life and health insurance, with very competitive costs. The company ensures that all funds are invested, keeping in mind the best interests of investors, so they earn handsome returns.

Outlined below are the succulent health insurance plans of the LIC. As you must be aware, the focus on health and associated costs forms a crucial aspect of everybody’s financial and domestic planning. With healthcare costs shooting up significantly over the last decade even for minor ailments, it is all the more important you seriously start considering a recourse should your finances become unstable as you grow older.

That’s where LIC Jeevan Arogya Plan steps in.

LIC JEEVAN AROGYA is a comprehensive non-participating, non-linked health insurance plan offered by Life Insurance Corporation of India. The rising cost of healthcare is a primary concern among individuals, and so, to cater to this, LIC Jeevan Arogya provides financial protection to you and your family in case of medical emergencies.

From financial protection to increased health cover, lump-sum benefit to No Claim Benefit (NCB), flexibility benefit to multiple premium payment options, LIC Jeevan Arogya has it all.

Note: All information regarding LIC Jeevan Arogya Plan has been sourced from the official website of Life Insurance Corporation of India.

LIC Arogya Jeevan - Outstanding Features

• You get considerable financial coverage in cases of hospitalization and surgery
• You get huge benefit regardless of actual medical costs
• Your health cover expands every year
• You can opt for flexible benefit limit
• You get to choose flexible premium payment modes
• You can avail no claim benefit

Features & benefits of LIC Jeevan Arogya

1. LIC Jeevan Arogya is a defined benefit, non linked plan where the benefits are fixed and will be payable to you in full, irrespective of the actual amount spent on treatment.
2. It covers the Hospital Cash Benefit (HCB) which means that you will be paid a defined amount for the number of days you have stayed in the hospital. There are 4 variants available under this feature. Rs 1000 per day, Rs 2000 per day, Rs 3000 per day and Rs 4000/- per day. Your premium and other features and sum assured will be dependent on the variant you have chosen under HCB.
3. Jeevan Arogya covers some 140 defined major surgeries. In case you get operated for any surgery as defined under this policy feature you will be paid a lump sum amount which is equal to 100 times the HCB chosen. Which means that if you have chosen a plan of Rs 2000/- per day HCB then your Sum assured under Major Surgical Benefit (MSB) feature would be Rs 2 lakh. And this amount will be paid to you irrespective of your actual expenditure on the procedure.
4. There are some 140-day care procedures defined under this plan. If you get operated under that specific procedure then you will be paid 5 times of HCB plan you have chosen. Which means if you have chosen a plan of Rs 2000/- per day HCB then your sum assured under daycare Treatment feature would be Rs 10000/-. And this amount will be paid to you irrespective of your actual expenditure on the procedure.
5. In the event of an Insured under this plan, undergoing any surgery not listed under MSB or day care treatment causing the insured hospitalization to exceed a continuous period of 24 hrs within the cover period, then a daily benefit equal to 2 times the HCB shall be paid for each continuous period of 24 hrs.

Special Unique Features of LIC Jeevan Aarogya

1. Double benefit: If due to medical complications patient has to admit to ICU then he becomes eligible to claim 2 times of HCB as per the plan.
2. Coverage for all: You can cover your Parents and Parents-in-law under the same single policy along with you, your spouse and children.
3. Quick Cash Facility: Though this is a Reimbursement policy which means that you have to make the claim of the policy benefits after getting the treatment done. But in special surgeries covered under MSB, insured can claim 50% of the Sum assured which may be paid during the hospitalization period. This amount will be adjusted in the final settlement.
4. Premium Waiver benefit: In case the procedure operated under special categories defined under the MSB then the one-year premium will be waived.
5. Riders: There are 2 additional riders offered under the policy- Term assurance rider under which the maximum sum assured offered is 100 times of HCB and Accident benefit rider where the sum assured offered should be less than or equal to Sum Assured under Term assurance rider.

The Advantages you get under the Jeevan Arogya Plan

1. The entire family, including the extended family to an extent can be covered just under one health policy. Such as your parents, spouse, child, and in-laws.

2. All types of surgeries, including Daycare treatments are covered under this policy.

3. You are eligible for a no claim Bonus

4. An additional Critical Rider Illness Benefit is also offered in this policy along with Critical Illnesses being covered

5. You get the convenience to track your applications online besides being able to buy and renewing the policy online.

6. You get to enjoy Income Tax benefits for premiums paid up to rupees 15000 for normal residents and rupees 20000 for Senior Citizens as these are permissible for deduction from your taxable income every year under Section 80D of the Act.

7. You have the flexibility of claiming under the policy by filing a Cashless Claim or a Reimbursement Claim. The Cashless claims can be filed for both planned and emergency hospitalization, with the only criterion being that the hospital where the insured is admitted should be impaneled with the Third Party Administrator (TPA) which assists the insured and processes claims for our company.

                                Eligibility Criteria

• Age- 18-65
• Term- 15-62
• Premium Modes- Yearly, Half Yearly
• Maximum Cover Ceasing Age- 80 years
• https://www.joshifinancial.com/content/Information/pi_plandetails.asp?linkid=72