LIC Jeevan Arogya: A Comprehensive Guide

LIC Jeevan Arogya is a comprehensive health insurance plan offered by Life Insurance Corporation of India (LIC). Designed to provide financial security in case of unforeseen medical expenses, this policy offers a range of benefits and features to cater to various health needs.

Key Features and Benefits of LIC Jeevan Arogya

Comprehensive Coverage: LIC Jeevan Arogya covers a wide range of medical expenses, including hospitalization costs, surgical fees, intensive care unit (ICU) charges, pre-hospitalization expenses, post-hospitalization expenses, and ambulance charges.

Multiple Sum Assured Options: The policy offers multiple sum assured options to suit different budget requirements. You can choose a sum assured that aligns with your anticipated medical expenses.

Riders for Enhanced Coverage: LIC Jeevan Arogya allows you to enhance your coverage by adding optional riders, such as critical illness rider, accidental death and disability rider, and maternity and newborn baby rider. These riders provide additional financial protection for specific health conditions or events.

Tax Benefits: Premiums paid towards LIC Jeevan Arogya are eligible for tax benefits under Section 80D of the Income Tax Act. This can help reduce your overall tax liability.

Grace Period: The policy offers a grace period of 30 days to pay the premium after the due date. This provides flexibility in case you miss the payment deadline.

Claim Settlement Process: LIC has a reputation for efficient claim settlement processes. They have a wide network of hospitals and cashless treatment facilities, making it convenient for policyholders to avail medical services.

Revival Benefit: If the policy lapses due to non-payment of premium, it can be revived within a specified period, subject to certain conditions. This ensures continued coverage even if there is a temporary lapse.

Eligibility Criteria for LIC Jeevan Arogya

To be eligible for LIC Jeevan Arogya, you need to meet the following criteria:

Age: You must be between 18 and 65 years of age at the time of policy inception.

Medical Examination: Depending on your age and sum assured, a medical examination may be required to assess your health status.

How to Purchase LIC Jeevan Arogya?

You can purchase LIC Jeevan Arogya through any authorized LIC agent or branch office. The process involves the following steps:

Application Form: Fill out the application form with accurate personal and health information.

Medical Examination: If required, undergo a medical examination.

Premium Payment: Pay the initial premium to activate the policy.

Policy Issuance: Once the application is approved, you will receive the policy document.

Factors to Consider Before Purchasing LIC Jeevan Arogya

Before purchasing LIC Jeevan Arogya, consider the following factors:

Sum Assured: Choose a sum assured that adequately covers your anticipated medical expenses.

Riders: Assess your specific health needs and select riders that provide additional coverage.

Premium: Evaluate the premium amount and ensure it fits within your budget.

Waiting Period: Understand the waiting period for certain illnesses or procedures before coverage becomes effective.

Claim Settlement Process: Research LIC's reputation for claim settlement and customer service.

LIC Jeevan Arogya is a valuable health insurance plan that offers comprehensive coverage and financial protection. By understanding its key features, benefits, and eligibility criteria, you can make an informed decision about whether it meets your health insurance needs.

FAQs for LIC Jeevan Arogya

1. What is the grace period for premium payment?

The policy offers a grace period of 30 days to pay the premium after the due date

2. What does LIC Jeevan Arogya cover?

The policy covers a wide range of medical expenses, including hospitalization costs, surgical fees, ICU charges, pre-hospitalization expenses, post-hospitalization expenses, and ambulance charges.

3. Who is eligible for LIC Jeevan Arogya?

Individuals between the ages of 18 and 65 years of age at the time of policy inception are eligible for LIC Jeevan Arogya.

4. What are the sum assured options available in LIC Jeevan Arogya?

LIC Jeevan Arogya offers multiple sum assured options to suit different budget requirements.

5. Can I add riders to enhance my coverage?

Yes, you can enhance your coverage by adding optional riders like critical illness rider, accidental death and disability rider, and maternity and newborn baby rider.

6. Are there any tax benefits associated with LIC Jeevan Arogya?

Yes, premiums paid towards LIC Jeevan Arogya are eligible for tax benefits under Section 80D of the Income Tax Act.

To file a claim, you need to submit the required documents to LIC within the specified timeframe.

8. What is the claim settlement process like?

LIC has a reputation for efficient claim settlement processes. They have a wide network of hospitals and cashless treatment facilities.