LIC Jeevan Arogya Policy – Comprehensive Health Insurance Plan

 

LIC Jeevan Arogya Policy – Comprehensive Health Insurance Plan

LIC’s Jeevan Arogya is a fixed-benefit health insurance plan that provides financial protection against hospitalization, surgical procedures, and critical illnesses. Unlike traditional health insurance that reimburses actual medical expenses, this policy offers a fixed amount based on the type of treatment received.

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Key Features & Benefits:

1. Hospital Cash Benefit (HCB):

   • Fixed daily cash allowance for hospitalization
   • Can be chosen between ₹1,000 and ₹4,000 per day
   • Increases by 5% every year, even if no claim is made

2. Major Surgical Benefit (MSB):

   • Covers 140+ major surgeries
   • Pays a lump sum amount (ranging from 20 to 100 times the daily hospital cash benefit)

3. Daycare Procedure Benefit:

   • Covers 140+ daycare procedures that require less than 24-hour hospitalization

4. Extended Hospitalization Benefit:

   • Additional benefit if hospitalization exceeds 30 days

5. No Claim Benefit:

   • HCB increases every year by 5% (up to a maximum of 1.5 times the original benefit)

6. Flexible Coverage:

   • Can cover self, spouse, children, parents, and parents-in-law

7. Premium Waiver:

   • In case of advanced-stage critical illness

8. Tax Benefits:

   • Premiums eligible for tax deduction under Section 80D of the Income Tax Act

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Eligibility & Age Limit

Category	Minimum Age	Maximum Age	Maximum Maturity Age
Self/Spouse	18 years	65 years	80 years
Children	91 days	17 years	25 years
Parents/In-laws	18 years	75 years	80 years

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Exclusions (Not Covered)

• Pre-existing diseases (covered after a waiting period)
• Cosmetic surgeries
• Maternity expenses
• HIV/AIDS treatment
• Self-inflicted injuries

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Premium Calculation

• Depends on the age, sum assured, and number of family members covered
• Premium remains fixed for the first 3 years and can be revised afterward

Would you like a premium quote based on your age and family details?