LIC launches health plan

BANGALORE: LIC of India has launched a new Non-Linked Health Insurance Plan 'Jeevan Arogya'. The plan offers comprehensive hospitalisation benefits for the whole family of the principal insured.A unique feature of this plan is that it also offers to cover the parents-in-law of the principal insured besides spouse, minor children and parents. There is a provision for inducting additional memebers or removal of existing members in case of any change in family circumstances of the principal insured.This is a Defined Benefit Policy which means that benefits are fixed in terms of policy conditions and are payable irrespective of the actual amount spent on treatment. Moreover, the benefits are payable regardless of the life insured getting reimbursement under any other scheme from his/ her employer or any other insurance company, on the basis of certified photocopies of the original bills.The minimum age at entry for principal insured is 18 years and maximum age at entry would be 65 years for self and spouse while it is 75 years for parents and parents in-law. For children, the minimum age at entry is 91 days and the maximum age entry is 17 years.The plan also has a provision for continuing health cover of major family members up to the age of 80 and for minor children up to the age of 25. It offers various benefits to cover the different hospitalisation needs of the insured’s family. Another unique feature of this plan is that it offers to cover all surgeries.All together, 140 major surgeries are covered under Major Surgical Benefits and another 140 surgeries which do not need over night hospitalisation are covered under Day Care Procedure Benefit and all other surgeries are covered under special category of Other Surgical Benefits.Hospitalisation in case of no surgical treatment beyond 24 hours is covered under Hospitalisation Cash Benefit.The policy can be taken for an initial Daily Benefit of `1,000, `2,000, `3,000 or `4,000. The Major Surgical Benefit will be 100 times of the Daily Benefit. The Maximum Life time Benefit applicable to each insured is eight times of Major Surgical Benefit Sum Assured. Day Care Procedure Benefit will be five times of the Daily Benefit.The Other Surgical Benefit in respect of each insured is two times of the Daily Benefit per day for up to 360 days during the policy term.