lic health
Home | About us | Services | Health Plus | Group Insurance| Insurance News | Bank Addresses | Blog | Live Chat Help
 
 

LIC Health Plus Plan no. 901

Health Plus Plan Provides
Hospital Cash Benefit (HCB)
Major Surgical Benefit (MSB)
Domiciliary Treatment Benefit (DTB)

How it works:

  • A unit linked product where premium paid will be subject to deduction of Allocation Charge. Balance credited to Policy Fund account.
  • Policy Administration Charges, Premium for HCB and MSB with Service tax @ 12.36% are deducted on a monthly basis.
  • Policyholder is entitled to claim benefits for self and other members of the family as mentioned in the Policy Bond.
  • Policy Fund will be invested according to investment pattern as under:
FUND INVESTMENT:

FUND TYPE HEALTH PLUS FUND
Govt./ Govt. guaranteed Securities / Corporate Debt Not Less than 50%
Shorter investments, such as Money Market Invt. Including Govt. Securities & Corporate Debt Not more than 90%
Investment in listed equity shares > 10% and <50%
Simply, it's a Low Risk- income & Growth fund. NAV is declared on a daily basis

Eligibility Conditions & Features:

Min. Premium
(in multiples of Rs 500/-)
On Single life- Higher of Rs. 5000/-
and 6 times the HCB of Principal insured.

On 2 lives - Higher of Rs.7,500/- p.a. and 6 times the HCB of Pl and 3 times the HCB of other insured.

On more than 2 lives- Higher of Rs.10,000/- p.a. and 6 times the HCB of Pl and 3 times the HCB of each of the other insured.
Max. Premium No limit
Min. Entry Age Pl and Spouse - 18 years LBD Dependent Children -3 month completed.
Max. Entry Age Pl and insured Spouse -55 years NBD Insured Dependent Children -17 years NBD
Max. cover ceasing age Pl and insured Spouse -65 years
Insured Dependent Children -25 years
Max. cover ceasing age Pl and insured Spouse -65 years
Insured Dependent Children -25 years
Policy Term 65 years NBD of Pl minus age at entry of Pl
Mode of Payment Yly, Hly, Mly (ECS Only
Day of grace 30 days for yly /hly modes and 15 days for ECS


WHO IS ELIGIBILE

  • Cover can be taken for self (Principal Insured ), Spouse, Dependent children (no limit of numbers)
  • Any eligible existing spouse / children if not covered initially, cannot be covered in future.
  • Any subsequent spouse (on marriage / remarriage ) or children (on birth / adoption) can be covered within one year from policy anniversary.

HOSPITAL CASH BENEFITS:

  • Depending on the cover opted, HCB is payable if insured is hospitalized due to Accidental body injury or sickness
  • Daily Hospital Cash Benefits at selected rate which increases by 5% at each Policy Anniversary up to a maximum of 1.5 times of Initial Daily Benefits (IDB). IDB must be in multiples of Rs 50/-
  • In case of ICU, the Benefit is TWO times of the daily Hospital Cash Benefit.
  • If stay in hospital exceeds a continuous period of 48 hours, then payment will be made for any continuous period of 24 hours or a continuous part thereof, which exceeds 4 hours (after having completed 48 hours).
Principal Insured Insured Spouse
Min. IDB
Max IDB
Rs.250/-
Rs.2,500/-
Rs.250/-
Less than or equal to
Pl subject to a max.
Of Rs.1,500/- per day
Rs.250/-
Less than or equal to Spouse/Pl subject to
a max. of Rs.1,500/- per day
Min Age at entry 18 Yrs LBD 3 Month completed  
Max Age at entry 55 Yrs NBD 17 Yrs NBD  
Max. cover Age 65 Yrs NBD 25 Yrs NBD
 
Max annual
Benefit Period
18 days in 1st Year Max. 60 days per year thereafter, inclusive of stay in ICU Max. No. of days in ICU is restricted to 9 days in 1st Year and 30 days thereafter.
Max. Benefits
Period
365 days 365 days 365 days
90 days upto age 5

MAJOR SURGICAL BENEFITS:

  Principal Insured Insured Spouse Insured Children
Sum Assured 200 times of IDB of HCB of Pl 200 times of IDB of
HCB of Insured Spouse
200 times of IDB of HCB of each Child
Min. age for cover 18 yrs lbd 18 yrs lbd 18 yrs lbd
Max. age for cover 65 yrs nbd 65 yrs nbd 25 yrs nbd
Max. Annual benefit 100% of Sum
Assured
100% of Sum
Assured
100% of Sum
Assured
Max. Life time
benefit
3 times the Sum Assured 3 times the Sum Assured 3 times the Sum Assured


Major Surgical Benefit as a Percentage of Sum Assured a few examples:

Open Heart Surgery 100% Lung Transplantation 100%
Implantation of Pacemaker 60% Open surgery for peptic ulcer 60%
Angioplasty (stent) 40% Replacement of Hip/ knee joint 60%
Bone marrow transplantation 60% Partial resection of liver 60%
Surgery to remove Tumor (Brain) 100% Partial excision of Thyroid/ Adrenal 40%
Renal Transplantation 100% Eye Surgery for corneal /retinal repair 40%
Nephrectomy due to medical advice 60%  


WAITING PERIOD

  • A waiting period of 180 days from the date of cover commencement in respect of each insured during which no HCB/MSB shall be payable.
  • A child included in the policy will be automatically covered for MSB from policy anniversary on which the age lbd is 18 years without any waiting period.
  • A waiting period of 90 days from the date of Revival/Reinstatement in respect of each insured during which no HCB/MSB shall be payable.
  • There shall be NO waiting period for HCB/MSB in case of Accidental Bodily Injury.


Get Max Loan RSS Reader News

PNB signals rise in lending rates
In an indication that lending rates are set to go up, Punjab National Bank (PNB) today increased its benchmark prime lending rate (BPLR) by 75 basis points to 11.75 per cent. The bank, however, did not change its base rate.


Jean Pisani-Ferry: Making Europe work
It is an old debate, but tensions within the euro area have revived it: can a monetary union survive without some form of fiscal federalism? This issue is of persistent concern for investors worldwide. Holders of European government bonds believed that they knew what they had bought. Sure, there was no such thing as a eurozone sovereign security. But German, French, Spanish, and even Greek bonds all carried roughly the same interest rate, so they were deemed equivalent.


Federal Bank Q1 net profit slips
Federal Bank has earned a net profit of Rs 131.86 crore in the first quarter of the current financial year as against Rs 136.38 crore in the same quarter of 2009-10, down by 3.31 per cent. The operating profit of the bank has increased to Rs 335.34 crore, against Rs 278.28, registering a growth of 20.51 per cent.


ICICI Bank, StanChart penalised for violation of banking norms
The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 5 lakh each on ICICI Bank and Standard Chartered Bank for violating banking regulations.


RBI discontinues second LAF
Signaling easing of pressure on resources, the Reserve Bank of India (RBI) today said it would discontinue the second liquidity adjustment facility (LAF) being conducted daily since May 28. It will, however, continue to conduct the second LAF session on every reporting Friday.


RBI takes banks to task on MF income
The Reserve Bank of India (RBI) has come down heavily on banks for treating returns from liquid mutual fund (MF) investments as interest income and not as trading income.


Vaidyanathan quits ICICI Pru to join Future Capital
V Vaidyanathan, managing director and chief executive officer of ICICI Prudential Life Insurance, has resigned and will move to a new role in Future Capital, the financial services arm of the Kishore Biyani-led Future Group.


For New LIC Health Plan just fill in:
*Name:
*Phone #:
*Email:
Date of Birth:
Amount:
*Offers:
City:
*Add Detail:
By submitting you agree to our Terms and Conditions:
All rights reserved ©2008 Lic Health | Developed by: Website Design Company owned by LIC Agent