LIC Jeevan Arogya Policy Benefits, LIC Jeevan Arogya Policy Details, LIC Jeevan Arogya Policy Features, What is Jeevan Arogya Policy of LIC?
Jeevan Arogya is a non-linked health Insurance policy introduced by LIC of India. This plan allows to cover your family member like parents, children, and spouse etc. all under one policy. Jeevan Arogya was introduced with an aim to cop up with the rising medical cost these days. It is a non-linked comprehensive health insurance policy which covers the entire family. Jeevan Arogya policy provides financial support in case of any medical emergency or health risk. Also, you can check your LIC Jeevan Arogya Policy Status Online.
Features of LIC Jeevan Arogya:
- One health policy covers entire family i.e. yourself, children, spouse, parents.
- Covers the cost of surgery, hospitalization, checkup and much more.
- Cover is extensible i.e. if a new member joins the family like in case of marriage or child birth, you can extend the cover.
- Provides lump sum benefit no matter what the actual medical cost is.
- Health Cover increases every year.
- Premium payment options are flexible.
- Provides quick cash in case of hospitalization instead of waiting for claim after discharge.
- Under Quick Cash, LIC provides 50% advance payment.
- Cash can be availed on showing the photocopy of bills.
- No claim benefit is 5% of the Initial Hospitalization Cash benefit.
LIC Jeevan Arogya Policy Benefits:
LIC Jeevan Arogya Plan allows the policyholder to choose the amount from Rs. 1000 to Rs. 4000 per day of initial daily benefit i.e. daily hospital cash benefit which is applicable in the first year of the policy. The policyholder can avail up to Rs. 4000 per day for a maximum of 720 days and Rs. 8000 per day can be availed for a maximum of 360 days in case if patient is in ICU. Also read about LIC Jeevan Sangam Policy.
Hospital Cash Benefit: In case the policyholder or any other person covered under Jeevan Arogya policy is hospitalized then the amount equal to Applicable daily Benefit available under this policy during the policy year will be payable.
- During the first year Applicable Daily Benefit shall be Rs. 1000, Rs. 2000, Rs. 3000 or Rs. 4000 depending upon the choice of the policyholder.
- Later ADB increase by 5% every year until it attains a maximum amount of 1.5 times the initial daily benefit.
Major Surgical Benefits: In case if the policyholder or any other person covered under Jeevan Arogya policy undergoes any major surgery during the policy period then he/she shall receive a percentage of major surgical benefit sum assured.
- Quick cash facility is available in which 50% advance payment is done.
- In case of surgery, total 1 year premium will be waived from the installment due date following the surgery date.
- Additional sum of Rs. 1000 will be paid for ambulance service.
- The sum will be paid after providing proof of surgery the company.
- Sum will be paid only if the surgery occurs in India.
Day Care Procedure Benefits: Day Care is the procedure which do not require 24 hours hospitalization. Under this policy if the policyholder itself or any other insured person under this cover undergoes any day care procedure he will be paid 5 times the Hospitalization Cash Benefit.
LIC Jeevan Arogya Policy Eligibility Criteria:
LIC Jeevan Arogya Policy allows payment of premiums to be done yearly, monthly, quarterly or half-yearly. Policy reaches maturity age in maximum 80 years. Minimum age to take the policy for yourself and your spouse is 18 years while 65 years is the maximum entry age. In case of Children policy can be taken when child is minimum of 91 days while maximum age is 17 years.
There are many more benefits associated with this health insurance plan. To get more details for this policy you can visit www.licindia.com . Keep reading our articles for more updates on LIC Investment plans and policies.