Excellent Health Insurance from LIC

LIC JEEVAN AROGYA Special Attractions: 1. A unique non linked plan offering both life & health cover up to age 80 yrs. 2. Singly Policy for self (Principal Insured-PI) & entire family including Dependant Parents and Parents-in law. 3. Health Benefit for listed as well as unlisted surgeries 4. Benefit type of policy – without any link to actual expenses incurred 5. No exclusion of first day, if hospitalization exceeds 7 days 6. High rebates on higher HCB slabs 7. Premium paid will be eligible for IT exemption under Section 80D upto Rs.15,000/- (Rs.30,000/- if parents are coverd) Plan Features: 1. Eligible Age – PI & Spouse - 18 to 65; Dependant Parents up to Age of 75 yrs; Children - 3 months to 17 yrs 2. Modes of premium payment – Yly, Hly, Qly & ECS(Mly) – Mode rebate for Yly & Hly 3. Premiums are guaranteed for 3 years with automatic renewal facility Unique Benefits: 1. Hospital Cash Benefit (HCB) 2. ICU Benefit 3. Major Surgical Benefit (MSB) 4. Day Care procedure Benefit (DCPB) 5. Other Surgical Benefit (OSB) 6. Quick Cash facility 7. Ambulance charges Benefit 8. Premium Waiver Benefit 9. Term Assurance rider (Death Benefit) 10. Accident Benefit rider (AB) 11. No claim Benefit * Hospital Cash Benefit from Rs.1000/- to Rs.4000/- per day (to be opted by the policy holder in multiples of Rs.1000/-)             - Double the Benefit for ICU - Maximum 720 days for each member throughout the policy term up to 80    years of age - for Children up to 25 years of age - Automatic increase in HCB by 5% of Initial HCB every year up to 50% of the Initial HCB  * Major Surgical Benefit for 140 listed Surgical Procedures             - MSB is equal to 100 times of HCB - Automatic increase in MSB by 5% of Initial MSB every year up to 50% of the Initial MSB - Maximum 8 times of MSB throughout policy term (1 MSB per annum) - up to 80 years of age, for children up to 25 years of age * Day Care Procedure Benefit for 140 Day care procedures, 5 times of applicable Daily Cash Benefit, 3 times in a year and 24 times in the policy full term * Other Surgical Benefit for any surgery not covered under MSB, 2 times of applicable Daily Cash Benefit-45 days in a year 360 days in the policy full term (15 days-First year) * Quick Cash Facility-this is the facility available for all insured, where instant cash can be paid as an advance up to 50% of eligible MSB surgeries of category 1 & 2 * Ambulance charges for surgeries eligible for MSB listed under category 1 & 2 – benefit @ Rs.1000 per insured per policy year * Premium Waiver Benefit for surgeries eligible for MSB listed under category 1 & 2 one year premium will be waived * Term Assurance Rider: Death Benefit MSB is covered under this policy by payment of additional premium * Accident Benefit Rider: Accident Death Benefit up to initial MSB is available by payment of additional premium * No Claim Benefit: If there is no claim from any insured between two Automatic Renewal Date (ARD) 5% of IDB will be added to the ADB from next ARD for all insured                                                                         Sample Benefit Illustration for an Initial HCB of Rs.1000/- Nature of Benefit 1st Policy Year (Rs.) 2nd Policy Year & onwards (Rs.)       Max. eligible during the term (Rs.) Hospital Cash Benefit(HCB)    45,000 1,41,750 16,20,000 Major Surgical Benefit(MSB) 1,00,000 1,05,000 12,00,000 Other Surgeries Benefit(OSB)    30,000    94,500 10,80,000 Day Care Procedure Benefit(DCPB)    15,000    15,750   1,80,000 Maximum Benefit under the policy per insured                                              40,80,000 Reimbursement of Ambulance charges incurred Rs.1000/- per insured per year for undergoing cat 1 & 2 MSBs Premium waiver Benefit After availing MSB under cat 1 & 2 for any insured subsequent year premium will be waived No Claim Bonus 5% of IDB is available as No Claim Bonus