The LIC Health Protection Plus Plan was a unique long-term health insurance plan by LIC of India, combining health coverage with investment benefits. Although this plan is no longer available for new policyholders, it offered substantial health and financial support, covering hospital expenses, surgeries, and even domiciliary treatment. This guide details its features, benefits, and eligibility, with information on similar available plans.
What Was LIC Health Protection Plus?
LIC Health Protection Plus provided a combination of health insurance and investment options, covering the policyholder’s entire family, including the principal insured, spouse, and children. Below are the details of its features, benefits, and eligibility.
Key Features of LIC Health Protection Plus
- Hospital Cash Benefit (HCB):
This daily cash benefit was payable during hospital stays due to accident or illness. The amount depended on the chosen coverage level. - Major Surgical Benefit (MSB):
A lump sum payment was provided for major surgeries, with the amount based on a percentage of the sum assured. - Domiciliary Treatment Benefit (DTB):
Reimbursement for medical expenses incurred during domiciliary treatments or outpatient department (OPD) visits, beyond hospital or surgical cover. - Income Tax Benefits:
Premium payments qualified for tax deductions under Section 80D of the Income Tax Act.
Benefits of LIC Health Protection Plus
Death Benefit
This benefit provided financial support in the event of the insured’s death during the policy term.
Survival Benefits
The plan also offered benefits during hospitalization and surgeries, ensuring financial relief for medical needs.
Eligibility Requirements for LIC Health Protection Plus
- Minimum Entry Age:
- Adults: 18 years
- Children: 3 months
- Maximum Entry Age:
- Adults: 55 years
- Children: 17 years
- Other Conditions:
- No loan or assignment options were available.
- No surrender value was offered.
- Policyholders could not transfer or assign the policy.
Premium Payment Options and Flexibility
Premium Payment Modes:
Premiums could be paid monthly (ECS), half-yearly, or yearly, offering flexibility. After three years, a premium holiday was allowed, which enabled the policyholder to maintain coverage with minimal payments during financial hardships.
Cooling-Off Period:
A 15-day cooling-off period was available, allowing policyholders to return the policy if not satisfied.
Alternatives to LIC Health Protection Plus
As LIC Health Protection Plus has been discontinued, LIC offers other plans that provide comprehensive coverage. Some popular options include:
- LIC Jeevan Saral – A flexible plan with enhanced savings and insurance.
- LIC Jeevan Anand – Combines savings with whole-life coverage.
- LIC Wealth Plus – A wealth accumulation plan with market-linked returns and insurance.
Conclusion
LIC Health Protection Plus was a well-rounded policy providing both health coverage and investment benefits for families. Though it’s no longer available, individuals looking for comprehensive health and investment benefits may explore LIC’s existing alternatives. For tailored information, consult LIC’s official website or reach out to an LIC agent.
For those interested in family health plans, similar coverage is available with LIC’s LIC Jeevan Arogya Plan, which is designed to cover medical expenses for the insured and their loved ones.
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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
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.
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.
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 ?
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
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
Dear sir,
I want to know what is the minimum monthly for my self ,wife and one child in lic health insurance
Thanks and best regards
Pradip B Nawale.
09960026320
1) For 1 lakh insurance Medical coverage for myself, wife & 1 child how much premium amount monthly to be pay
2)I want to know what is the minimum monthly premium myself, wife & 1 child in lic health insurance.
please give the copy of lic health protection plus form and annexure 1 , annexure 2, and annexure4 form
Please send me the anneuxr 1 for major surgical benefits.