LIC Health Shield Plan: LIC, the country’s largest insurance company, offers secure policies that provide excellent life cover. Among its offerings are plans that help individuals and their families manage medical treatment costs. One such policy is the LIC Health Shield Plan. Under this insurance plan, the company provides a predetermined benefit amount for various illnesses and surgeries.
The LIC Health Shield Plan (Plan No. 907) is a non-linked, non-participating plan. A key feature of LIC policies is that they remain unaffected by market fluctuations, ensuring the policyholder’s coverage stays secure. This policy has been designed with both individuals and families in mind.
What are the benefits of this LIC policy?
The LIC Health Shield Plan was launched on October 19, 2026. Under this scheme, if a policyholder is hospitalised, they can receive a cash benefit based on the sum assured, which helps ease the financial burden of hospital expenses on the patient and their family. In the event of a critical illness, LIC provides a lump-sum payment. Additionally, the policy offers a lump-sum financial payout in the event of major surgery.
What is the eligibility for this LIC policy?
To avail of this LIC scheme, the policyholder must be between 18 and 65 years of age. For children, the eligible age range is from 90 days to 20 years. The policy term is 15 years, and the premium payment term is also 15 years. Benefits under the policy cease after 15 years. Before purchasing the policy, it is essential to carefully review the details regarding the age of family members, the coverage amount, and the premium costs.
Where can you purchase this policy?
If you wish to apply for the LIC Health Shield policy, you can do so by visiting the official LIC website. Alternatively, you can apply for the policy through an LIC agent. Paying the policy premium is also simple; you can make the premium payments online.