In today’s busy life, diseases can happen to anyone at any time. In such a situation, the cost of treatment spoils the budget. The solution to this problem is health insurance. Life Insurance Corporation of India (LIC)’s ‘Jeevan Arogya Policy’ is one such great option that provides health protection cover to the whole family. This policy not only covers medical expenses but also keeps your family financially safe in difficult times. It is available to people of all sections and ensures long-term protection.
What is the LIC Jeevan Arogya Policy
LIC Jeevan Arogya Policy is a non-linked health insurance plan that helps with your health-related expenses. In this, you can include yourself as well as your wife, children, parents, and in-laws. The benefit of this policy is available only when the patient is hospitalized, which provides financial security to the family in times of emergency and serious illnesses.
The premium of this policy is decided according to your age. For example, the annual premium for a 20-year-old can be around ₹1,922, while for a 50-year-old it can be up to ₹3,768. This premium is paid on an annual basis.
What kind of expenses are covered
This policy covers both small and large hospital expenses. 50% of the amount is paid immediately on hospitalization. The most important thing is that payment is also made on the basis of a photocopy of the bill. In case of a serious accident or operation, immediate help is provided, and an amount of up to ₹1,000 is also covered for ambulance charges.
How much benefit will you get
Generally, the LIC Jeevan Arogya Policy provides a benefit of ₹1,000 to ₹4,000 per day on hospitalization, which you can avail for 720 days. If your coverage amount is high, you also get a facility of ₹8,000 per day for up to 360 days in case of ICU admission. You can avail this benefit 5 times in a year. In case of an accident, the claim is settled instantly, i.e., in 0 days. This policy helps meet the health needs of every member of your family and provides financial security in bad times.