More News About LIC's New Policy Jeevan Arogya - Benefits, Review
Mumbai: From June 1, 2011 LIC of India is launching a New Non-Linked Health Insurance Plan "Jeevan Arogya". The plan offers comprehensive hospitalization benefits for the whole family of the Principal Insured. A unique feature of this plan is that it also offers to cover the Parents in-law of the Principal Insured besides spouse, minor children and parents. There is a provision for inducting additional members or removal of existing members in case of any change in family circumstances of the Principal Insured. This is a Defined Benefit Policy meaning that benefits are fixed in terms of policy conditions and are payable irrespective of the actual amount spent on treatment. Moreover, the benefits are payable regardless of the Life Insured getting reimbursement under any other scheme from his/her employer or any other insurance company, on the basis of certified photocopies of the original bills. The minimum age at entry for Principal Insured is 18 years a...