Wednesday, July 30, 2014

LIC Jeevan Arogya -904

LIC Jeevan Arogya : is a  plan which helps individuals to cope up with the rising medical costs. In this plan you can cover yourself, spouse, children, parents as well as mother-in-law and father-in-law. It is a comprehensive health insurance policy for the entire family.

Features ;

§         One health insurance policy that covers self, spouse, children, parents and parents-in-law
§         Covers hospitalization, surgery and much more
§         Provides benefit payout irrespective of actual medical cost incurred
§         Can be availed along with existing mediclaim policy for the same hospitalization / surgery
§         Cover can be extended to new members of the family in case of marriage and childbirth
§         Quick Cash Facility is available on hospitalization instead of waiting to make a claim for the benefit after discharge
§       Under Quick Cash, 50% advance payment is given by LIC (under 57 surgeries performed in network hospitals)
§         Payout made on the basis of photocopy of bills
§         No Claim Benefit is 5% of initial Hospitalization Cash Benefit (HCB)


What is covered in LIC Jeevan Arogya?

§         Hospitalisation Cash Benefit (HCB)
§         Major Surgical Benefit (MCB) is 100 times the HCB / Accidental Death Benefit (ADB)
§         Day Care Procedure Benefit paid as lump sum
§         Other Surgical Benefits (where all other surgeries are covered) is 2 times HCB / ADB
§         Ambulance charges up to Rs 1000 per insured per year, for major surgeries under category 1 or 2
§         Premium Waiver Benefit
§         Auto increase @ 5% in both HCB and MCB up to 50% even if there is any claim

Hospitalisation Cash Benefit in detail:
- Choose from Rs 1000 to Rs 4000 per day
- Up to Rs 4000 per day for maximum 720 days
- Up to Rs 8000 per day for maximum 360 days in ICU

Daycare procedures (which do not require 24 hr hospitalisation) in detail:
- 5 times Hospitalisation Cash Benefit (HCB) / Accidental Death Benefit (ADB)
- 140 surgeries
- 3 daycare procedures covered in a year, and  24 procedures covered in a lifetime

Waiting period for availing benefits in LIC Jeevan Arogya
- Accidental claims - 0 days
- HCB and MSB - 90 days from policy start date

Example : 

If any one at age of 25 Years want to take  Health plan with Daily Hospitalization Cost Benefit   1000 Per Day Need to pay only   2,025/- Per Year


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