LIC Jeevan Arogya Plan is referred to as non-linked health insurance plan. LIC or Life Insurance Corporation of India offers this plan. LIC is the dominant and most trusted life insurance company in India. It offers a complete financial security while it comes to the question of insurances related to health and life.
LIC has achieved a tremendous success by crossing many milestones. It has set the records for exceptional performance in diverse features of life insurance business. This company offers on providing a sufficient financial cover against sicknesses or death at a significantly reasonable cost. The funds invested to the great investors in order to get an outstanding return. It is also called as LIC Health Insurance.
Health Insurance plans associated with a major role in the insurance portfolio linked to an individual. It provides incredible monetary or financial support to the respective policyholder if he or she gets disabled following an accident that results in temporary disability, permanent disability, and an unfortunate death. Apart from this, the enormity or level of injuries will not be taken into account and therefore, minor injuries also generally cover in this plan.
Health is the greatest and largest asset of every individual. With elevating medical costs as well as an alteration in lifestyle, health gets affected in many ways. It is essential to take care of health properly.
A healthy person can perform his or her work properly, maintain all the responsibilities, and as a whole can lead a blissful life. LIC health insurance plans are involved with all enclosing plans that are able to act as a protective covering for covering the risks linked to an accident.
LIC policies are involved with unique features, such as:
Income Tax Benefit: Health Insurance Premiums paid up to Rs 15000/- for normal residents along with that, Rs 20000/- for Senior Citizens are permitted for a deduction from the taxable income every year under section 80D.
LIC health insurance plan is termed as LIC’s Jeevan Arogya Plan that is a distinctive non-participating non linked plan.
The lic-life-insurance-Jeevan-arogya/ is an incredible non-linked health insurance policy provided by Life Insurance Corporation of India or LIC to assist people in dealing with medical expenditures. The specific plan offers health insurance against some particular health risks and it provides an outstanding financial support in times of requirements.
In case of the hospitalization of any of the insured because of the sicknesses or accidental injury and staying in the hospital continuously for 24 hours period, provided any of these part stay passes 4 hours in a NON-ICU ward or room of a hospital, then an amount that is equal to the Applicable Daily Benefit in the specific plan will payable.
For the medical requirements, if the particular insured is involving with any daycare procedure in this plan, then a lump sum amount equal to 5 times the applicable Daily Benefit will be paid, it will not be dependent on the real costs incurred.
Because of the sicknesses or accidental injury, if the insured person experiences a surgery inside the specific plan period, then the particular benefit percentage for the qualified surgeries will be paid.
If the insured person experiences a surgery that has not included in the particular list, in that case, a daily benefit equal to two timed the Applicable Daily Benefit shall be paid for every extended 24 hours of the period.
In the particular case, in which Major Surgical Benefits fails in any occurrence, then the establishment will offer the emergency transportation costs by ambulance – an extra lump sum of Rs 1000/- will be payable.
In the scenario, in which Major Surgical Benefits fails in any happening, the complete annualized premium that is the whole one year premium regarding the policy from the date linked to the installment premium due corresponding with or next following the date of the particular surgery is going to be waived off.
You have to check the points thoroughly that have not been covered in this Plan and along with that Claiming Procedure and various other important details.