Health Insurance 665 views March 26, 2021

A health emergency can exhaust all your hard-earned savings in no time. So, a health insurance plan covering medical expenses could be the right thing to have. LIC Jeevan Arogya Plan could be that health insurance plan you would want for your family and yourself. This plan from LIC provides coverage against expenses on specified health risks so that you don’t waste your time managing money for your treatment.

With this plan, individuals can stay financially independent in the case of any medical emergency. We are showing the striking features of the LIC Jeevan Arogya Plan so that you can make up your mind before choosing the same. Do check!

  1. Financial independence in case of hospitalization, surgery, etc.
  2. Health cover that increases every year
  3. Lump sum benefit irrespective of actual medical costs incurred during treatment
  4. Convenience to choose the benefit limit
  5. Multiple premium payment options
  6. Premium waiver benefit
  7. Rider options
  8. No claim bonus benefit
  9. A grace period of 30 days
  10. Free Look period of 15 days

Here, we will discuss all these features in detail along with the policy term, benefits, premium amount, premium payment term, etc. Keep reading to know more!

Let’s Check LIC Jeevan Arogya Plan Features in Detail

LIC Jeevan Arogya Plan is a unique non-participating non-linked individual health insurance plan that provides a wide range of benefits to the policyholders. You can check the key features of this plan from Life Insurance Corporation (LIC). Have a look

Hospital Cash Benefit

In case the policyholder or any of the insured lives under the policy needs hospitalization due to accidental bodily injury or sickness for a period of continuous 24 hours, LIC Jeevan Arogya Plan provides a minimum hospital cash benefit of INR 1,000 per day up to 30 days in a year. Do remember the initial daily benefit will be in multiples of INR 1,000.

Major Surgical Benefit

Policyholders can also enjoy the major surgical benefit in case the insured person needs to undergo surgery. This benefit will be a minimum of 100 times the applicable daily benefit of the principal insured person. The maximum annual benefit can go up to 100% of the major surgical benefit sum assured, while the maximum lifetime benefit can go up to 800% of the major surgical benefit sum assured.

Daycare Procedures

Your policy from LIC will also cover some major daycare procedures (treatments that require less than 24 hours of hospitalization). This benefit will be 5 times the applicable daily benefit for a maximum of 3 surgical procedures in a year, while the maximum lifetime benefit can go to 24 surgical procedures.

Other Surgical Benefits

In case you need to undergo a surgery not listed under major surgical benefit or daycare procedure benefit within the cover period, you will get a daily benefit equal to 2 times the applicable daily benefit as the other surgical benefit. This benefit will be given for 15 days in the first policy year and 45 days per year thereafter.

Ambulance Benefit

With this benefit, policyholders will also receive a lump sum benefit of INR 1,000 towards ambulance expenses in case they need emergency transportation for treatment.

Premium Waiver Benefit

In case the insured person needs a major surgical benefit in a policy year, the annual premium for the policy from the date of installment premium due coinciding with or the next from the date of surgery will be waived off.

Rider Option

With this plan from LIC, you can also choose two rider options to enhance your overall protection. These two options are LIC New Term Assurance Rider and LIC Accidental Benefit Rider. An individual can choose the accidental benefit rider by paying the additional premium amount of INR 0.50 for every INR 1,000 of the accidental benefit sum assured per policy year.

What are the Initial Daily Benefit Options that You Can Choose?

With the LIC Jeevan Arogya Plan, individuals can choose the amount of initial daily benefit as per their needs. The major surgical benefit will also depend on the initial daily benefit. To know more, you can check the below table.

Initial Daily Benefit ChoicesInitial Major Surgical Benefit (100 times the initial daily benefit)
INR 1,000 per dayINR 1 lakh
INR 2,000 per dayINR 2 lakh
INR 3,000 per dayINR 3 lakh
INR 4,000 per dayINR 4 lakh

Do remember that other benefits such as daycare procedure benefit, surgical benefit and premium waiver benefit will depend on the initial daily benefit choices.

Premium Options for LIC Jeevan Arogya Plan

The premium amount for LIC Jeevan Arogya Plan depends on several factors such as age, gender, the health cover option chosen, whether you are principal life insured or other insured, and mode of payment. The below table can help you understand the premium for an initial daily benefit of INR 1000 per day for people of different ages.

Age at EntryPrincipal Insured (Male) (In INR)Spouse (Female) or Parent (of PI/Spouse) Female (In INR)Child (In INR)
201922.651393.15792
302242.91730.65794.75
402799.72240.6812.35
5037682849.1870.75

Important Points Regarding the LIC Jeevan Arogya Plan

When choosing the LIC Jeevan Arogya Plan, you should know a few important points. Firstly, each insured person can get coverage for health risks up to the age of 80, while children can get the same up to the age of 25 years. To know more, you can check the below table.

Policyholder DetailsMinimum age at entryMaximum age at entry
Self or Spouse18 years65 years
Parents or Parents-in-law18 years75 years
Children91 days17 years

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