According to LIC, “Arogya Rakshak policy provides the facility of certain fixed benefits. These benefits are given only under this insurance cover. Along with this, it gives immediate financial assistance in case of medical emergency. Also the insured and his family Helps to remain financially independent in difficult times.
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Quite different as compared to other health plans
Arogya Rakshak policy is a different plan as compared to other health insurance plans. The mode of payment and reversal is also different in this. Generally, health policies reverse the actual expenditure incurred on medical treatment to the extent of the sum insured.
All can be insured under one policy
On the other hand, Arogya Rakshak policy pays a lump sum benefit equal to the sum insured irrespective of the actual medical treatment cost. Individuals can insure themselves, their spouse, all children and parents under one policy.
Who can take this plan
Under this scheme, the age of the Principal Insured is available from 18 years to 65 years of age and child’s age from 91 days to 20 years. Its cover period is up to 80 years for Guardian and up to 25 years for children. The cover period for Basic Insured, Husband, Wife, Parents is up to 80 years, whereas it is available only for children up to 25 years of age.
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Let us tell you about some special benefits of this policy-
>> Flexible limit to choose the policy
>> Flexible premium payment option is available.
>> Valuable financial protection facility is available in case of hospitalization or surgery etc.
>> Gets lump sum benefit irrespective of actual medical costs.
>> Enhancing health cover through auto step up benefit and no claim benefit.
>> If more than one member is covered under a policy, premium waiver policy for other life assured in case of unfortunate death of the original insured ie the policyholder at the time of insured.
>> For certain major surgical benefits >> Premium Waiver for one year in case of any insured surgery falling under Category I or Category II.
>> Advantage of Ambulance
>> Benefit of health checkup.
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