| Savings >> Health Long Term Care >> Health Plus |
| Table No. 901 |
|
| Health is a major concern on everybody's mind these days. With sky
rocketing medical expenses, the possibility of any illness leading to
hospitalization or surgery is a constant source of anxiety unless the family
has actively provided for funds to meet such an eventuality. Most families
rarely provide for healthcare, and even if they do, it is grossly inadequate.
Given this scenario, LIC has launched Health Plus plan, a unique long term
health insurance plan that combines health insurance covers for the entire
family (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 (DTB) related expenses for the insured members. |
|
| Vital Information |
|
| 1) Age |
|
| Age |
Principal
Insured
|
Spouse
Insured |
Child
Insured |
| Minimum Policy Entry Age
- Age Last Birthday |
18 |
18 |
3 months |
| Maximum Age – HCB Cover
- Age Last Birthday |
18 |
18 |
3 months |
| Minimum Age – MSB Cover
- Age Last Birthday |
18 |
18 |
18 |
| Maximum Entry Age
- Age Nearer Birthday |
55 |
55 |
17 |
|
|
| 2) Premium Payment |
|
Mode of Payment
|
Yearly, Half-Yearly, &
Monthly (ECS mode only)
|
| Minimum Annual Premium Conditions |
Number of
Lives covered
|
Higher of the two conditions in each
category listed below: |
Single Life
|
6 times the HCB of the Principal Insured OR
Rs.5000 p.a. |
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. |
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. |
|
|
| 3. 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 the HCB you choose. |
|
Major
Surgical
Sum
Assured |
Principal
Insured
|
Spouse
Insured |
Child
Insured |
| 200 times the HCB applicable to
each insured life under the policy |
|
|
| 4. Term of the Policy |
|
The term of the policy is upto the policy
anniversary on which the age nearer birthday of the principal insured is 65
years. |
|
| 5. Addition of New Members |
|
| It is important for the Principal Insured
(the person taking the policy) to decide which of the existing family
members are to be covered and include them at the beginning (proposal
stage) itself. Eligible existing family members cannot be added at a later
stage. New members can however be added under the following three
situations. |
|
- New members will be eligible for cover only if they satisfy the conditions of minimum premium and benefits
- New members must be included by the Principal Insured only. No new members will be allowed after the death of the principal insured
|
|
| 6. Increase / Decrease of Premiums |
|
| Increase or decrease of premiums
is allowed during the term of the policy. Increase in premium must be in
multiples of Rs.500. In case of decrease, the minimum premium
conditions must be satisfied. However, increase/decrease in premiums
does not affect the level of health cover and HCB and MSB benefits. |
|
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