Every insured person will be given the benefit of health risk till the age of 80 years. Children are insured till the age of 25 years. You get the benefit of this plan even after being admitted to the hospital due to an accident.
Special policy of Life Insurance Corporation of India
Treatment costs are a major problem during an epidemic like Corona. Apart from Corona, if there is a serious illness and you have to be admitted to a private hospital, then it is a very difficult thing. To avoid this, LIC has a special plan called LIC Jeevan Arogya Plan. It is a health insurance scheme which helps in the expenditure on serious diseases.
The biggest feature of this plan is that in this you are covered yourself, in addition to the wife, children, parents and treatment of your father-in-law is also covered. In this sense, it is the most convenient health insurance plan for your whole family. From the point of view of health insurance scheme, Jeevan Arogya Yojana is the only plan that covers the treatment of in-laws and in-laws in addition to one’s own family. Under this plan, hospital expenses, operations and other hospital related expenses are included in it. This policy is not related to the hospital bill, that is, the policy holder is given the benefit of payment, irrespective of the actual medical expenses.
Health cover increases by 5%
Whether or not you claim under this policy, your health cover increases by 5% every year. This cover can be up to one and a half times your health cover. Under this policy, the expenses of hospital in a day are divided into 4 categories. That is, you can take advantage of spending from 1 thousand rupees to 4 thousand rupees in a day. As far as the facility of operation is concerned, you can insure up to 1 lakh, 2 lakh, 3 lakh and 4 lakh rupees. Your premium will depend on your age, gender, health insurance option you choose. It will also depend on whether you are the main insured or other insured person and what is the mode of your payment method.
How much premium will have to be paid
If you want to take the benefit of treatment of 1 thousand rupees in the hospital every day, then you can understand this with an example. If you are 20 years old while purchasing the plan, then you will have to pay a premium of Rs 1922 every year. While buying insurance, if you are 30 years old, then you have to pay 2242 rupees annually. Similarly, while taking insurance, age is 40 years, premium is Rs 2799 and age is 50 years, then annual premium will be Rs 3768. The premium amount is different for female members, parents and children in the family.
Every insured person will be given the benefit of health risk till the age of 80 years. Children are insured till the age of 25 years. You get the benefit of this plan even after being admitted to the hospital due to an accident. If an insured member of the family needs to be admitted to the ICU of the hospital, then he is given twice the amount of daily benefits as applicable. The amount is paid on the basis of photocopy of the bills. There is a provision of giving cash benefits and accidental death benefits after being admitted to the hospital 5 times. The premium to be paid under this scheme is exempted under Section 80D of Income Tax.
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