LIC Health Protection Plus

LIC has launched Health Protection Plus plan 902, a unique long-term health insurance plan that can combine health insurance covers for the entire family including 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 Benefit (DTB) / Out Patient Department (OPD) expenses for the insured members.

Health Protection Plus Features:

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 cover opted.

Major Surgical Benefit (MSB):
In the event of the insured undergoing one of the major surgeries, 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 LIC.

Domiciliary Treatment Benefit (DTB):
The Principal Insured can claim an amount equivalent to the actual expense he or she has incurred in respect of any domiciliary treatment or meet the medical expenses incurred over and above the hospital cash/major surgical benefits in respect of either oneself or the others insured under the policy.

Income Tax benefits under U/S 80D:
The premium payable under LIC Health Protection Plus is eligible for Section 80(D) benefit of Income Tax Act, 1961.

Eligibility Conditions and Restrictions:

Minimum age at policy entry: 18 years last birthday for spouse and principal insured, 3 months for child insured
Minimum age for HCB Cover: 18 years last birthday for spouse and principal insured, 3 months for child insured
Minimum age for MSB Cover: 18 years last birthday for principal, spouse, and child.
Maximum Entry Age: 55 years Nearest Birthday for spouse and principal insured, 17 years for child insured.
Loan Available: No
The assignment allowed: No

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No surrender will be allowed.

Sum Assured:
The Principal Insured must first choose the respective levels of HCB for each member to be covered under the policy. The sum assured for major surgical benefits will be 200 times of the HCB you choose.

Modes of Premium Payment:
Monthly (ECS), half-yearly and yearly modes are available.

Premium Holidays:
If the policy lapses after at least 3 years’ premiums have been paid the Principal Insured has the option of either paying all the due premiums in full or avail of a premium holiday by just paying the latest installment premium without any interest.  The premium holidays can be availed only as long as the policy fund has a balance of at least one annualized premium at the time of revival.

Cooling off period:
If you are not satisfied with the Health Protection Plus policy, you may return the policy within 15 days.

Update: Health Protection Plus plan No.902 Has Been Discontinued.

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

  1. Please,

    advice me for health insurance plans for my kids. They are age of 14 yrs. daughter and 11 yrs. son are studing in class of 8th and 5th accordingly. please suggest best plan for their medical insurance.



    A.P. Yadav

  2. Hello,

    i am 34 yrs hold unmarried, i want to take health plus from lic and i can invest 15000/- to 20000/- per year for insurance and market through lic. please let me know the suitable policy asap….

  3. I want to takes this policy . i can pay 15000/= yly premium.
    what is my Risk cover / S.A.

    Can I pay only three premium.

    waiting for your reply.


  4. Dear sir,

    Pls. confirm if i am paying premium of Rs. 12000 annually for myself, wife and chield then after completion of 65 years what retun will be given by LIC to me as my age is 27 years.


    Siddhartha Singh
    98999 68157

  5. Is LIC Health Protection Plus policy available only in mumbai?

    can we take this policy in bangalore also.

    Thanks in advance.


  6. I want to know what is the minimum monthly premium of a couple in lic health insurance.

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