LIC introduces Arogya Rakshak health insurance plan; Check details

Indian government owned insurance and investment corporation, the Life Insurance Corporation (LIC) on July 19 launched a health insurance plan, Arogya Rakshak, on 19 July.

According to the LIC, the Arogya Rakshak is a non-linked, non-participating, regular premium, individual health insurance.

All these benefits are available under Arogya Rakshak policy

  • Flexible benefit limit to choose from
  • Flexible premium payment options
  • Major financial protection in case of hospitalisation and/or surgery.
  • Lumpsum benefits irrespective of actual medical costs.
  • If more than one member is covered under the policy, a premium waiver is available for other insured persons in the event of unfortunate death of the original principal insured, that is the policyholder at inception of policy.
  • If a policyholder or others covered under the plan have to undergo a surgery falling. under Category I or Category II, he/she is eligible for Premium Waiver Benefit.
  • To increase the plan coverage, policyholders can avail of options like Auto Sum Up Benefit and No Claim Benefit. They also get benefits on calling an ambulance and while going for a health check-up.
  • Policyholders can avail these benefits with optional riders like LIC’s New Term Assurance Rider and LIC’s Accident Benefit Rider.
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