Understanding LIC's Jeevan Arogya: A Comprehensive Health Insurance Plan

Life Insurance Corporation (LIC) has introduced a unique non-linked health insurance plan named LIC's Jeevan Arogya. This plan offers valuable financial protection against specific health risks and provides timely support during medical emergencies. It helps individuals and families remain financially independent during challenging times.

What Does LIC's Jeevan Arogya Offer?

One of the standout features of LIC's Jeevan Arogya is its provision of a wide range of benefits including hospitalization, surgery, and more. The plan ensures financial security in the event a policyholder is hospitalized or needs major surgery. Here’s a detailed look at the features:

Increasing Health Cover Every Year

Lump Sum Benefit: This benefit is provided irrespective of the actual medical costs, offering financial relief during medical emergencies. No Claim Benefit: The plan provides a flexibility in benefits with a limit that can be chosen based on the policyholder's needs. Flexible Premium Payment Options: Policyholders can opt for different payment methods to suit their financial requirements.

Easy to Choose Your Plan

The process of selecting a plan is straightforward with three steps:

Choose the Level of Health Cover: Decide the amount of initial daily benefit applicable in the first year of the policy. You can choose from 1000, 2000, 3000, or 4000 per day. This daily benefit will be multiplied by 100 to determine the major surgical benefit sum assured. Determine the Premium Payable: Work out the premium amount along with a representative from LIC. Premiums will vary based on your age, gender, and the health cover option you have selected. Finalize Your Plan: Select the health cover that meets your needs and begin the process of securing your health insurance cover.

Key Features of LIC's Jeevan Arogya

LIC's Jeevan Arogya not only offers protection but also includes several additional benefits:

Day Care Procedure Benefit: Covers minor procedures that do not require an overnight stay in the hospital. Other Surgical Benefit: Covers benefits related to minor surgical procedures such as appendicitis or hernia repair. Premium Waiver Benefit (PWB): In the event of an insured death, the premium obligation is waived off.

Common Misconceptions About LIC's Health Insurance and Critical Illness Cover

It's important to clarify a common confusion: LIC does not sell a traditional health insurance plan. Instead, LIC offers critical illness cover. This means that if an insured individual contracts one of the specified diseases, such as cancer, LIC pays a fixed amount as per the severity of the disease. These are supplementary policies and do not cover treatment costs or indemnity services.

Critical illness cover is particularly useful in a portfolio, especially when combined with a primary health insurance policy. It acts as a safety net by providing financial support to the insured individual during critical health episodes.

Conclusion

Understanding the nuances of LIC's Jeevan Arogya and the difference between health insurance and critical illness cover is crucial for anyone looking to secure their financial future. Whether you're planning to cover hospitalization, major surgeries, or specific critical illnesses, this plan offers valuable protection.

For detailed information or to enroll in the plan, it's recommended to consult a professional or a representative from Life Insurance Corporation (LIC). Secure your health and financial well-being with the right insurance coverage today.