Life Insurance Corporation of India (LIC) has introduced LIC’s Arogya Rakshak with effect from July 19, 2021, which is a non-linked, non-participating, regular premium, individual health insurance plan
This plan provides fixed benefit health insurance cover against certain specified health risks and provides timely support in case of medical emergencies and helps the insured and his family to remain financially independent in difficult times.
The plan is available for principal insured or spouse or parents aged 18 years to 65 years and children of age 91 days to 20 years.
The cover period is available for PI/spouse/parents up to age 80 years and for children up to 25 years.
This plan gives the following benefits under one policy: Flexible benefit limit to choose from, Flexible premium payment options, Valuable financial protection in case of hospitalization, surgery, etc. The lump-sum benefit irrespective of actual medical costs and increasing Health cover by way of Auto Step Up Benefit and No Claim Benefit.
If more than one member is covered under a policy, Premium Waiver for other Insured(s) in case of unfortunate death of the Original Principal Insured i.e. the policyholder at the inception of the policy.
Premium Waiver Benefit for one year in the event of any insured undergoing surgery falling under Category I or Category II for certain major surgical benefits. ambulance benefit, health check-up benefit, and optional ride are available under the plan.