LIC Health Insurance - Jeevan Arogya Review

1. Subscribe to get this tips to
your email
Enter your email address to
subscribe to this blog and
receive notifications of new
posts by email.
Join 27,177 other subscribers
Email Address
Subscribe
Person Behind this blog
Suresh KP i.e. me, have written
1800+ articles on this Blog. I
love doing analysis on various
Best Investment Plans like
mutual funds, Stocks, IPO’s,
NCD Bonds, Insurance
products. If you like our blog,
you can share some of the good
LIC Health Insurance Policy – Jeevan Arogya – Should
you opt?
July 25, 2020  Suresh KP
LIC Health Insurance Policy – Jeevan
Arogya Review
Health has been a major issue of concern
for everyone. Health insurance plan is an
effective tool to reduce the financial burden
in case of hospitalization. LIC Jeevan
Argoya Plan is a unique health insurance
plan that comes with several good features
and benefits. It also has a few riders that can be considered on need basis. In this article we
would provide LIC Health Insurance Jeevan Argoya Plan details, its features, premium,
exclusions and do the review.
Also Read: What is Incurred Claim Ratio in Health Insurance Plans?
Overview about LIC Jeevan Arogya
The Jeevan Arogya Plan allows you to choose the level of health cover in the form of Initial
Daily Benefit according to your need. The options available are Rs. 1,000 per day, Rs. 2,000
per day, Rs. 3,000 per day, Rs. 4,000 per day. This is the sum payable to you per day in
case of hospitalization during the first year of policy coverage.
Home > Insurance Plans > LIC Health Insurance Policy – Jeevan Arogya – Should you opt?
Home Mutual Funds Business Ideas About Us Privacy Policy Disclaimer Contact us
Search … 

2. articles on your Facebook or
Twitter. This would be the
BIGGEST gift which you would
be giving to us.
Trending Posts
10.9% Tamil Nadu Power
Finance Fixed Deposit Scheme
2020 – Should you invest?
30+ Profitable Medium Scale
Manufacturing Business Ideas
200 Good Small Scale
Business Ideas with Low
Investment
50 Profitable Small Scale
Business Ideas [with low
investment]
20 Small Manufacturing
Business Ideas under Rs 10
Lakhs
Categories
Classroom Lessons (151)
Fixed Income (311)
Gold (1)
In addition to the above, many major surgeries are also included in the coverage up to 100
times the Initial Daily Benefit you have chosen. Thus, the Initial Major Surgical Benefit Sum
Assured will be Rs. 1 lakh, 2 lakh, 3 lakh, and 4 lakh respectively.
Features of LIC Health Insurance – Jeevan Arogya Plan
The distinctive features of the Jeevan Arogya plan are as under-
1) Jeevan Arogya Plan is a non-participating and non-linked plan that provides a
comprehensive health insurance cover against certain specified health risks.
2) The policy has defined benefits. As benefits are pre-defined, so they are not linked to
actual expenses.
3) The plan can be taken for the extended family like parents or parents-in-law.
4) All types of surgeries including daycare Treatments are covered under this policy.
5) You are eligible for a No Claim Bonus.
6) The payment of premiums can be paid on a regular basis over the term of the policy
either yearly or half-yearly. A grace period of 30 days is also provided for the same.
7) The total premium to be charged for the policy will be the sum of premiums in respect of
each member to be covered in that policy.
8) An additional Critical Rider Illness Benefit is also offered along with Critical Illness being
covered.
9) If you are not satisfied with the terms and conditions of the plan, you can return the policy
to the company within 15 days from the date of receipt of the policy. The corporation will
cancel the policy and return the premium.
10) The plan offers the facility of claiming the policy by filing a cashless claim or a
reimbursement claim. The cashless claim can be filed for both planned and emergency
hospitalization.

3. Insurance Plans (199)
IPOs (38)
Millionare/Crorepathi Ideas
(24)
Money Saving Ideas (39)
Mutual Funds (287)
NCDs (13)
Other-Ideas (199)
Retirement Planning (42)
Small Business Ideas (65)
Stocks (378)
Taxation (116)
11) No loan facility can be availed against this policy.
12) No assignment can be allowed under this plan.
Benefits offered in LIC Jeevan Arogya Health Insurance Plan
The various benefits offered under this plan have been described below-
1) Hospital Cash Benefit (HCB) – If any of the insured life is hospitalized due to accidental
body injury or sickness and the stay exceeds more than 24 continuous hours or part thereof,
provided that any such part stay exceeds a continuous period of 4 hours in a non-ICU ward
or room of a hospital, the Hospital Cash Benefit is payable.
2) Major Surgical Benefit (MSB) – Under this benefit, the insured person is covered for
any major medical surgery defined in the Major Surgical Benefit Annexure within the
covered period in a hospital due to accidental body injury or sickness.
3) Day-care procedure benefit – For all Day Care Procedures falling under this policy, to
take care of the insured’s medical needs, a lump sum amounting to 5 times the Daily Benefit
would be paid regardless of the actual cost incurred.
4) Other Surgical Benefit – If any surgery is performed upon the policyholder that is not
covered under the policy, then a daily benefit amounting to double the applicable Daily
Benefit would be paid out for each extended period of 24 hours.
5) Ambulance Benefit – A lump sum amount of Rs. 1,000 is paid for emergency
transportation costs for the ambulance whenever a major surgery is not successful.
6) Premium Waiver Benefit – Under any of such events where the Major Surgical Benefits
are not successful, the company would be waiving off the total annualized premium of one
year.
You may like: Checklist before buying health insurance plans
Who is eligible for LIC Health Insurance – Jeevan Arogya Plan?

4. It is a comprehensive health plan that can cover self, spouse, children, parents, and
parents-in-law, all in one plan. Here is the eligibility criteria.
For self and spouse:
The minimum age required for enrollment is 18 years.
The maximum age permitted is 65 years.
The maximum age of coverage is 80 years.
For parents and parents-in-laws:
The maximum age permitted for their enrollment in the plan is 65 years.
The maximum age of coverage is 80 years.
For children:
The minimum age required for enrollment is 91 days.
The maximum age permitted for enrollment is 17 years.
The maximum age of coverage is 25 years.
Are there any IT exemptions available in LIC Jeevan Arogya Health Insurance Plan?
The premium paid for the Jeevan Arogya Plan is eligible for deduction under section 80D of
the Income Tax Act, 1961 up to Rs. 25,000 for normal people and Rs. 50,000 for senior
citizens.
Are there any riders in LIC Health Insurance – Jeevan Arogya Plan?
Here are the riders in this plan:
1) Accident Benefit rider: Jeevan Arogya Health Insurance Plan can be enhanced by
attaching the Rider of Accident Benefit Rider. Under this rider, an additional premium of Rs
0.50 for every Rs. 1,000 is to be paid every policy year in respect for each life covered. In

5. case of unfortunate death due to an accident, an amount equal to Accident Benefit Sum
Assured shall be payable.
2) New Term assurance rider: One more rider that can be attached to the policy of
principal insured and /or his spouse is New Term Assurance Rider equal to the MSB Sum
Assured. In case of unfortunate death, an amount equal to Term Assurance Sum Assured
will be payable on death during the term for which Term Assurance Rider has opted for.
What are the sample premiums?
It is an insurance plan in which the entire family can be covered. The premium rates are
different for all. LIC Health Insurance Premium calculator would help you to know approx.
rates under this health plan. It would also help you to know premiums for the LIC Health
insurance policy for a family.
Age at
enrolment
Premium for
Principal
Inssured (male)
Premium for
spouse
(female)/Parent of
PI/Spouse
(Female)
Child
20 1922.65 1393.15 792
30 2242.90 1730.65 794.75
40 2799.70 2240.60 812.35
50 3768 2849.10 870.75
What are the exclusions in LIC Jeevan Arogya Health Insurance Plan?
There are always some exclusions in the Health Insurance Plan. Here are the major
exclusions in this plan.
Pre-existing diseases and any related complications arising thereof.

6. AIDS/HIV related diseases
Organ donor expenditure
Dental Treatment
Nervous or mental treatment
Hospitalization and injuries related to war, civil or criminal proceedings
Injury or sickness due to consumption of alcohol or drugs
Suicide or injury or sickness due to an attempt of suicide.
Genetic or congenital disorders or birth defects unless expressly covered under the
plan
No- allopathic treatments
Injury and hospitalization owing to prolonged childbirth or pregnancy
Injuries arising due to adventurous sports like bungee jumping, sky diving, martial
arts, Paragliding, mountaineering, hunting, scuba diving, racing, etc.
Where can I check the LIC Health Insurance Plan claim forms?
You can download LIC Jeevan Argya claim form here.
What is LIC Health insurance contact number?
You can contact LIC Call Center at 022 6827 6827 for more info.
Also Read: Best Health Insurance Plans for parents in India
LIC Health Insurance Policy – Jeevan Arogya – Should you opt?
If you review the pros and cons, Jeevan Arogya Plan from LIC is a comprehensive non-
linked and non-participating health insurance plan to combat the rising costs of the health
care. The plan is a complete package for an individual that can be opted for immediate as
well as an extended family too. From financial benefits to increased health cover, lump-sum
benefit to NO Claim Benefit, the policy has it all. Premiums are little high compared to other
health insurance plans offered by private insurance companies. Other than this, there are
no other major negative factors in this health insurance plan.

7. « How to buy or Invest in Mutual Funds – Beginners Guide
How to become LIC Agent in India – What are their Salaries, Commissions and Perks? »
If you enjoyed this article, share it with your friends and colleagues through Facebook and
Twitter.
Suresh KP
LIC Health Insurance Policy – Jeevan Arogya Plan
 4 comments
4 comments
R Ramakrishna
July 26, 2020 at 4:18 am
I have got the following doubts
1.Pre existing diseases shall not be covered.For how long?
2.Whether cash less facility is available for Covid 19 illness and LIC personally ensures
Author Recent Posts
Suresh KP
I have done my Post Graduation in Finance. I have over 20 years of experience in
analyzing various investment options and money saving ideas in India. I love doing
financial planning, Mutual Fund Analysis, Searching long term Stocks for wealth
creation, IPO Reviews, Analyzing Life Insurance and Health insurance Plans etc.

8. it?
3.If the husband is 68 yrs old and wife 63 yrs will it cover only wife or both.Can the wife
take an individual policy excluding her husband?
4 GST payable
5.Premium for 63 yr old
6.Whether any pre medical tests will be conducted
Reply
Suresh KP
July 27, 2020 at 2:54 pm
Hello Ramakrishna, Here are the clarifications 1) Pre existing diseases needs to
be disclosed and LIC would accept them. Till such time these are not covered 2)
Regular health insurance plans do not cover covid-19. One need to take covid-
19 specific insurance 3) One can take individual policy seperately irrespective of
the state 4) GST is additional (as always) 5) No info is available in brochure /
LIC website about medical tests, hence I am assuming these are not required.
But we can’t rule out any specific condition which is not updated on their
website.
Reply
Suresh KP
July 28, 2020 at 11:43 am
Hello Ramakrishna, Small correction to my response. Regd point no. 2.
Regular health insurance covers all covid-19 related hospitalizations, but
may not be 100%. It depends on your health insurance plan which would
indicate what all would be covered. e.g. most of the consumables like
PPE Kits, tissue paper, crepe bandage, gown, foot covers, slippers,

9. disposable gloves, syringes, gowns, masks etc, are not covered in
standard health insurance plans. These would account for 10% to 20% of
the total hospital bill. Best way is to check with health insurance company
what all are covered before taking the policy
Reply
ASHISH
July 25, 2020 at 9:24 pm
Best LIC plans Call
Reply
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment

10. PDFmyURL.com - convert URLs, web pages or even full websites to PDF online. Easy API for developers!
Name *
Email *
Website
Post Comment
© Myinvestmentideas.com 2020