LIC Jeevan Arogya Insurance offers comprehensive hospitalisation benefits, while Chola Healthline mediclaim even covers dental care and ayurvedic treatment under an ‘advanced’ option
LIC of India has launched a new non-linked health insurance plan called Jeevan Arogya that offers comprehensive hospitalisation benefits for the entire family for the principal insured. It also offers to cover the parents' in-law of the principal insured, besides the spouse, minor children and parents.
Jeevan Arogya is a combination of hospital cash and defined benefits policy. The benefits are payable regardless of the life insured receiving reimbursement through any other scheme from his/her employer, or any other insurance company, on the basis of certified photocopies of the original bills.
The plan offers term assurance and an accident benefit rider. The plan has major surgical benefits, day-care procedure benefit, other surgical benefits and ambulance benefit.
The plan also offers premium waiver benefit and no-claim benefit. Premiums are guaranteed for three years from the date of commencement of policy. The total premium to be charged for a policy will be the sum of premiums in respect of each member to be covered in that policy.
The indicative annual premium for Rs1,000 per day hospital cash benefit and Rs1 lakh major surgical benefit is Rs2,242 for age 30, spouse premium of Rs1,730 for age 30 and child premium of Rs794 for age 5.
Chola MS General Insurance has launched 'Chola Healthline', a health insurance plan. The new policy covers maternity expenses for a sum insured of over Rs3.5 lakh, with a five-year waiting period (not in the standard option).
The product has three variants (standard, superior and advanced), covering up to Rs 10 lakh. The policy even covers dental care, eye examination and ayurvedic treatment. Individuals up to 55 years old, who have not had any medical check-up, and up to 65 years old, who have had medical checkups, are covered. Chola also offers a free health check-up, once in every two claim-free years.
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