LIC Health Plus Table No. 901
LIC Health Plus is a Long Term Unit Linked Health Insurance Plan for You and Your Family.
LIC Health Plus Summary:
Health is a major concern on everybody’s mind these days. With skyrocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for healthcare, and even if they do, it is grossly inadequate.
LIC Health Plus is a unique long term health insurance plan that combines health insurance covers for the entire family (husband, wife, and the children) – Hospital Cash Benefit (HCB) and
Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet domiciliary treatment (DTB) related expenses for the insured members.
Benefits:
1. Hospital Cash Benefit (HCB):
A daily benefit is payable in case the insured is hospitalized due to either accidental body injury or sickness. The quantum of benefit depends upon the level of the cover opted. Minimum Initial Daily Benefit (IDB)*# is Rs.250 and Maximum is Rs.2500 And for Spouse/Child the Minimum is Rs.250 and Maximum is Rs.1500.
Note: * The Applicable daily Benefit. The IDB is applicable during the first year of then cover. The daily benefit will increase @5% p.a. simple of the IDB on each policy anniversary until it hits a cap of 1.5 times the initial benefit. The IDB of the spouse cannot exceed the Principal Insured’s IDB; The IDB of the children cannot exceed the spouse’s IDB.
#Initial daily benefit that is payable in respect of stay in non-ICU room or ward. In case the insured is required to stay in the ICU of a hospital, an enhanced rate of daily benefit is payable, which is twice the eligible daily cash benefit.
2. Major Surgical Benefit (MSB):
In the event of the insured undergoing one of the major surgeries defined by Life Insurance Corporation Of India, a lump sum benefit (regardless of the actual costs incurred) equivalent to the percentage of the sum assured mentioned against that surgery will be payable on providing proper proof of surgery to the satisfaction of the corporation.
3. Domiciliary Treatment Benefit (DTB):
The Principal Insured can withdraw an amount equivalent to the actual expense he or she has incurred in respect of any domiciliary treatment or to meet the medical expenses incurred over and above the hospital cash/major surgical benefits in respect of either oneself or others insured under the policy.
4. Your Money Grows in Units: (Investment)
The premiums allocated to purchase units will be strictly invested in a Health Plus Fund (Income and Growth – Low Risk).
5. Income Tax Benefit:
Income Tax rebate is available under U/S 80D.
Payment of Premiums:
The regular premium can be paid either in yearly, half-yearly, or monthly (ECS) installments.
Eligibility Conditions and Restrictions for LIC Health Plus:
Minimum Policy Entry – Last Birthday: Principal and Spouse 18 years, Child 3 months.
Maximum Age – HCB Cover – Last Birthday: Principal and Spouse 18 years, Child 3 months.
Minimum Age – MSB Cover – Last Birthday: 18 years for Principal, Spouse, and Child.
Maximum Entry – Nearer Birthday: Principal and Spouse 55 years, Child 17 years.
Minimum Annual Premium Conditions:
Single Life: 6 times the HCB of the Principal Insured OR Rs.5000 p.a.
Two Lives: The arithmetic sum of 6 times the HCB of PI and 3 times the HCB of the second insured. OR Rs.7500 p.a.
More than two Lives: The arithmetic sum of 6 times the HCB of PI and 3 times the HCB of each of the others insured OR Rs.10,000 p.a.
Note:
The above is the product summary giving the key features of the Health Insurance plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.
Update: LIC Health Plus Table No.901 Has Been Discontinued
I have healthplus policy no.498057410 which i have paid premuims of Rs.10000 in DEC 2009,DEC 2010 and DEC 2011 each. still i have not recieved units for above amounts. also what is the current NAV. kindly answer.
In health Protection Plus Table No. 901 if we did not avail any HCB or MCB in policy period can we get fund amount back after maturity?
I took LIC’s HEALTH PLUS policy in 2008. I paid a monthly preium of Rs.1000/- for sometime and stopped due to lack of clarity in the policy. Now I want to withdraw the premiums paid by me towards HEALTHPLUS. Can I withdraw the premiums? Please advise.
Hi,
I am an employ i would like to take an health insurace policy for my family like
my father and monther and for my self and brother so that i can spend 10k ot 15k per anum. please provide me details of benifits and all the information.
I want to know about the health policy which covers the parents upto age 75 and also claims for cataract operation..
plz suggest me the suitable policy
What is the difference/comparison between
LIC’s Health Plus (Table 901) and Health Protection Plus (Table 902)?
With a yearly premium of Rs.15,000/- myself (35 yrs), my wife (32 yrs) and daughter (5 yrs).
Kindly advise which plan to go for? If possible send me a proposal plan.
Thanks
@ Mrs.Heera Velandy- i am an LIC agent , you can contact me for your queries, my mobile no. is 09770779747
Whether Cataract operation covered under lic health plus plan if the pocily was made 3 years back. If so how much amount if the policy s.a is Rs.200000/- for the spouce? How to claim it?
Since one year I have been spending heavily on medical bills (not Major) for my ear treatment, teeth treatment and lastly for my bone weakening. Just to visit a Doctor, one has to pay heavily plus the medicines we buy for the cure.It has amounted to Rs.50,000/- in total.
I would like to know if LIC has got any scheme wherein it can pay these kind of medical expenses or say can LIC re-imburse the medical expenses against Doctor’s fees and for medicines.
Please let me know.
Heera Velandy\
My Health plus policy no. is – 635592207 ,
So please send me account statement
regards,
Vidyasagar