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

Also Read  Endowment Policy

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. ravi kumar k.s July 3, 2010 at 12:45 am

    dear sir,
    I would like to go with health insurance plan for my mother and my father whats is best plan do you sugggest me,my father is 52+ mother is 48+
    Anual scheme i would like to perfer..

  2. i am paying 12000/-per year to lic for health insurance give my benifits and health coverages .

  3. hi,
    let me know who can i insure the health plan for my family of five people,what is the annual amount to be paid, is ther any faclity to pay in installments, can i insure it for long time,if in case i dont make use of the plan in that concern time what benefit i am getting back.can i insure for more than Rs two lakhs of medical bill, if yes what amount shuold i insure.

    so please get back to me with these details so that i can proceed for furthur formalities.

  4. dr k k pandey asst prof April 18, 2010 at 9:16 pm

    I have taken lic health protection plus of premium about 15000/ yr but list in list of diseases covered for msb is narrow ,i am asking only if any one affected by other major diseases like tumour in heart ,are they eligible for msb.

  5. is there any hospitals list available to take a treatment or can we take treatment in any hospital and then claim the amount?
    claim would paid i whose account , my or in hospital account?

  6. hi!
    this is baseer
    i would like to know full details of premiums and their advantages

  7. hi,
    this policy is not mentioned under premium calculator. from where can i get premium details. i can invest upto 10000 per year.

    • You can pay premium as per your need. Here is the minimum premium details:

      1. Single Life: 6 times the HCB of the Principal Insured OR Rs.5000 p.a.
      2. 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.
      3. 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.

      Annualized Premiums are payable in multiples of Rs.500.

  8. I want to know what is the minimum yearly premium of a couplle and one child in lic health insurance.

    • Minimum yearly premium is Rs 10000 for a couple with a child.

      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.

  9. how much maturity amount i will get at the end of health protection plus policy of lic

  10. health protection plan of lic 15000 annual dene par maximum kitna rs ka protection hoga .

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