Mediclaim Policy in LIC - 2018-2019 StudyChaCha

Go Back   2018-2019 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old April 1st, 2016, 03:51 PM
Posts: n/a
Default Mediclaim Policy in LIC

Hello sir I am here as I want to get the details related to Mediclaim Policy in LIC so will you please provide me the details??
Reply With Quote Quick reply to this message
Old April 1st, 2016, 05:00 PM
Super Moderator
Join Date: Nov 2011
Posts: 34,168
Default Re: Mediclaim Policy in LIC

LIC Jeevan Arogya is a non-linked Health Insurance Policy which helps individuals to cope up with the rising medical costs. In this plan you can cover yourself, spouse, children, parents as well as mother-in-law and father-in-law.

It is a comprehensive health insurance policy for the entire family.

Key Features
-One health insurance policy that covers self, spouse, children, parents and parents-in-law
-Covers hospitalisation, surgery and much more
-Provides benefit payout irrespective of actual medical cost incurred
-Can be availed along with existing mediclaim policy for the same hospitalisation / surgery
-Cover can be extended to new members of the family in case of marriage and childbirth
-Quick Cash Facility is available on hospitalisation instead of waiting to make a claim for the benefit after discharge
-Under Quick Cash, 50% advance payment is given by LIC (under 57 surgeries performed in network hospitals)
-Payout made on the basis of photocopy of bills
-No Claim Benefit is 5% of initial Hospitalisation Cash Benefit (HCB)

Things Covered Under this Policy:
-Hospitalisation Cash Benefit (HCB)
-Major Surgical Benefit (MCB) is 100 times the HCB / Accidental Death Benefit (ADB)
-Day Care Procedure Benefit paid as lump sum
-Other Surgical Benefits (where all other surgeries are covered) is 2 times HCB / ADB
-Ambulance charges up to Rs 1000 per insured per year, for major surgeries under category 1 or 2
-Premium Waiver Benefit
-Auto increase @ 5% in both HCB and MCB up to 50% even if there is any claim

Hospitalisation Cash Benefit in detail:
- Choose from Rs 1000 to Rs 4000 per day
- Up to Rs 4000 per day for maximum 720 days
- Up to Rs 8000 per day for maximum 360 days in ICU

Eligibility conditions
Criteria Minimum Maximum

Age at entry for self/spouse 18 years 65 years
Age at entry for children 91 days 17 years
Age at entry for parents 18 years 75 years
Age at maturity - 80 years
Daily hospitalisation benefit Rs.1000 a day excluding ICU 4000 a day excluding ICU
Major surgical benefit Rs.1,00,000 Rs.4,00,000

Listed below are the exclusions of LIC Jeevan Arogya plan.
-Pre existing conditions
-Epidemic conditions
-Plastic surgery
-Cosmetic treatments
-Beauty treatments
-Attempted suicide
-Injuries from self harm
-Abuse of drugs
-Congenital conditions
-Pregnancy conditions
-Child birth conditions
-Radioactive conditions
-Injuries from natural catastrophe
-Injuries incurred from participating from dangerous sports.
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Sponsored Links

Other Discussions related to this topic
General Insurance Corporation of India Mediclaim
Powergrid Promotion Policy
Recruitment Policy Of ONGC
General Insurance Corporation of India Mediclaim
RBI Credit Policy
SJSU Admission Policy
Coal India CSR Policy
BVS School Admission Policy
In Fiscal Policy Institute
Top Public Policy Schools
RBI KYC Policy
RBI Monetary Policy PPT
RBI credit policy 16 dec
The Economic Policy Institute (EPI)
Institute Health Policy
IIM Udaipur admission policy
RVC Admissions Policy
UIUC Admission Policy
UCL Admissions policy
RBI Monetary Policy

Have a Facebook Account? Ask your Question Here


Reply to this Question / Ask Another Question
Your Name: Click here to log in


Forum Jump

All times are GMT +6.5. The time now is 06:26 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9