LIC Health Protection Plus

Summary:
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

Surrender:
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.


Note:
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.

52 thoughts on “LIC Health Protection Plus”

  1. Hi
    Please provide the information on the following;

    1. what amount we will get after maturity or after insurance coverage is over for Jeevan Arogya, no hospitalisation, no operation etc.
    2. I am 55 years old and I want to have good health care policy policy where my furture hospitalisation expenses will be covered upto the age of 75 years. Please advise. what will be the premium to pay yearly and if I am not hospitalised at all say for next 10years, what is the advantage for us from teh policy.

    kindly advise

  2. I have taken Health Protection plus mediclaim policy.

    I has hospitalized for 1 day due to some sickness,

    How can I claim the charges and how much can I claim?

    I am confused in this policy.

    THanks in advance.

  3. Krishna A deotale

    policy no. 971514090 Doc:28/12/2001 my policy ditials total Amount and balens premium and carnt depojt amount stetas give information plase give me.

  4. my father had a lic’s health plus plan Rs.100000/- for 16 year term & paying rs.7500/- premium per annuam, we have departmental hospital fecilities. If we wont use this policy benefits can we get back insured amount plus premium after completing 16 year plan term ?

  5. I am a policy holder for LIC health protection plus. I want to inquire that what is the premium paying term for the policy as I have already paid two premiums. What if in any point of time I require to withdraw my money is it possible. If yes what will be the charges for the same.
    Regards
    Rinkul Sood

  6. Dear sir,

    I want to take a LIC health Protection policy. Please let me know What will be the best scheme for us and what is the minium annual premimum for myself(36years), my husband (41 years)and my kid ( 12 years) under this policy.

    2. Which are the diseases that covered under it.

    3. Please list down the name of the hospitals that are coming under this policy.

    Madhusmita Das

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