Insurance

LIC Health Insurance Scheme: LIC Arogya Rakshak

Posted By: Admin
January 7, 2023 |

Know LIC Health Insurance Plan, Insights of LIC’s Arogya Rakshak Health Insurance Plan

LIC Health Insurance Scheme: The Indian Insurance giant, the Life Insurance Corporation (LIC) is the market leader when we talk about life insurance schemes. The company has captured more than 63.25% market share in this segment. Almost everybody is aware about the company and its products.

But a few people know the answer of question Does LIC provides health insurance? and aware of LIC’s health Insurance Scheme which is LIC Arogya Rakshak Plan. The company has launched Arogya Rakshak health insurance plan for its policyholders. The policyholders of LIC get a pre-defined lump sum amount on hospitalization or surgery also they get fixed health insurance.

In this article we will read about the LIC health Insurance Plan in detail. Can you opt for LIC health insurance cashless facility.

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Table of Content

What is LIC Arogya Rakshak Plan?
LIC Health Insurance Scheme eligibility Criteria
LIC Health Insurance Features
LIC Arogya Rakshak Plan Inclusions
LIC Arogya Rakshak Health Insurance Exclusions
LIC Health Insurance Claim Forms Download

What is LIC Arogya Rakshak Plan?

LIC health insurance scheme is limited to certain medical emergencies. The LIC Arogya Rakshak is a benefit-based non-linked and non-participating health insurance plan.

You can opt for the LIC Arogya Rakshak Plan as a regular health insurance plan with regular premium payment modes. However this LIC health Insurance Scheme is not a comprehensive medical insurance policy. This LIC health Insurance Plan works only against certain specified health risks.

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LIC Health Insurance Scheme Eligibility Criteria

The LIC Health Insurance Plan is available to adults with a minimum age of 18 years as well as children with a minimum age of 91 days. The maximum entry age for adults is 65 years and for children is 20 year.

You can purchase this LIC Health Insurance with an accidental Benefit Rider also. Unlike other LIC policies this LIC Scheme is non linked, non participating health plan and can be availed individually or as family floater coverage.

Features of LIC Arogya Rakshak Health Insurance Plan

Let’s see key features of this LIC health insurance scheme in the below list –

LIC Arogya Rakshak Scheme offers a flexible benefit limit.
Policy coverage is available against some specific illnesses.
On hospitalization, the policyholders get a pre-defined lump sum amount irrespective of the actual cost
Available for individuals and as family floater policy.
You can cover your family members like spouse, children, and parents.
Entry age for adults is 18-65 years and for children it is 91 days-20 years.

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LIC Arogya Rakshak Health Insurance Plan Inclusions

LIC health Insurance provides various types of benefits which includes the following –

1. Hospitalization/Surgery Cover

2. Premium Waiver Benefit – Unlike many other health insurance schemes, LIC health insurance has this feature. If the beneficiary undergo a surgery falling under Category I / Category II or in case of unfortunate death of the policyholder, he can avail the benefit of premium waiver.

3. Ambulance Expenses Cover

4. Auto Sum-up Benefit – You will get Auto Sum-up Benefit and No-Claim-Benefit in this LIC Arogya Rakshak Plan.

5. Availability of Riders – There are two riders benefits available with this health insurance which are LIC’s Accident Benefit Rider and LIC’s New Term Assurance Rider. However you need to pay an additional amount to avail these riders.

6. Tax-saving on Premium under Section 80D

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LIC Arogya Rakshak Health Insurance Plan Exclusions

If we talk about LIC health Insurance Exclusions, there are some basic terms which can restrict a policyholder to get the benefit of this health insurance. These are listed below –

Any injury due to war, naval or military operations, participation in riots, etc.
Criminal or illegal acts
Natural calamities like earthquakes, floods, etc.
Self-inflicted injuries or attempted suicide
Participation in dangerous sports like racing, scuba diving, bungee jumping
Abuse of drugs, alcohol, or intoxicants
Congenital conditions
Plastic surgery, unless necessary for accidental injury treatment
Treatment for STDs like HIV/AIDS is not covered
Infertility or sterilization
Dental treatment

LIC Health Insurance Forms Download –

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